Before I go into the types of business startups, I want you to know that the amount of business startups is on the rise, with some entrepreneurs starting companies in their spare time as side hustles. However, all types of businesses should be planned and started with a strategic approach.
There are many different types of business startups, but we are going to discuss the major and common types of business startups in this posts, which are: small business startups, buyable business startups, scalable business startups, offshoot business startups, social business startups.
So, sit comfortably and enjoy the reading and don’t forget to pen down some invaluable points.
Startups are a unique business model. They can come in all shapes and sizes, be they small businesses or large corporations. Nevertheless, they all share the same characteristics. All startups have to start somewhere and grow fast to survive the competitive market.
Here are our previous thoughts on startups:
- Startups – Definitive Guide
- What is Startups
- Why Are Startups Important?
- Advantages of Startups | Disadvantages of Startups
- What is the Best Way to Generate Leads for a Startup?
The list of successful startups is endless, but here are 2 of the most notable ones from all over the world.
Airbnb started out as a project that enabled users to rent their extra rooms for short periods of time. Today, Airbnb is one of the most popular accommodation sites on the globe.
As of 2018, the value of a startup is estimated to be around $2.5 billion. There will be an expected rise in the number for the next decades. The startups have become one of the most lucrative investment opportunities for investors and engineers alike. They are able to raise millions and billions of dollars as they grow, but they don’t always get to enjoy that money because big companies buy them out and strip their ideas for parts.
5 types of Business Startups
Small Business startups
Small business startups are the most common type of startup. These are self-starters or companies with small teams.
They tend to be more risk averse and less tech savvy, but they can be bought out by bigger companies like Google and Facebook. This brings us to the next type of business startups.
Buyable Business Startups
Businesses that want to be “buyable” are called “Buyable startups” because they are companies that are generally built to be bought or sold out.
Scalable Business Startups
Businesses that seek capital or attempt to scale themselves fall under the scalable startup category.
Offshoot Business Startups
Offshoot startups are businesses that often branch off from bigger parent corporations.
Social Business Startups
Organizations that often take on the form of a charity or not-for-profit are referred to as a social startup.
These are the most commonest types of business startups that exist today around the world. If you have a startup, you should be able to know which type it falls into and this will further solidify your aim, goals and objectives for which you started the business earlier.
Aliza Aviv International can help you build a an optimized search engine friendly website for your startups and as well handle the digital marketing aspect. They are a message away.
While Gabriel Domale Consulting will help your business startups with growth strategy, finance transformation, due diligence and organization restructuring to enable your startup has a globe competitive advantage with a return on investment, (ROI).
Thanks for reading this post. If you are interested in starting a business, have an existing business and need help improving your website traffic or just want to learn more about business startups, feel free to contact us today or drop us a comment in the comment section below.