What Is The Difference Between A Startup & A Business?, Global : Today Indya

What Is The Difference Between A Startup & A Business?

Global

marketingmind

When I hear the word startup the image of some youngsters working in a cool environment for 5 days of the week and hanging with venture capitalists in restaurants and clubs for meetings comes to my mind. And when the same mind hears the word business, it converts the image to someone working hard to earn profits right from the very first day of starting an entity. While this imagination can be entirely wrong, we have tried to put some light on the difference between these two frequently used words.

What Is The Difference Between A Startup & A Business?

1. Business Models

The business model of a startup is mainly based on solving a problem and while opening a business maximum consideration is given to profit. Take for an example, someone looking to start a clothing related business, he/she will target the audience by setting a shop or a showroom on the main road where the gathering is maximum. The main purpose of this business will be to sell products which fulfill customer’s satisfaction giving maximum profit to the owner.

In a startup, the person will look to provide some solution for people who like to buy clothes of their choice by setting up an online website where users can customize clothes according to their need. After making a good name this startup will look to generate profits by adding further innovations.

2. Funding

Startups look for fundings very differently than most small businesses. Startups mostly rely on money that comes from angel investors or venture capital firms. Small businesses, on the other hand, may rely on loans and grants. A venture capital tends to play a more active role in whatever company is doing but in businesses, investors are not that active.

3. Growth approach

Startups are different from businesses primarily as they are designed to grow faster. They are designed to sell something to a large market which is not same in case of business. For operating a successful business, you don’t always need a large market but for startups, it is not easy to remain in the market with a narrow approach. This probably is the main reason why most startups are technology and internet-based as the reach of these is far more than physical stores.

4. Exit approach

An exit strategy is also something that defines your vision. If you are someone who wants to operate your plan in your own way and don’t want someone else to interrupt you in the exit planning, you are operating a business. In a startup, whether big or small, VCs need an exit strategy as they need to maximize their ROI and if you are pitching them without exit plans, you are most probably giving them a signal to not invest in your startup.

In short, we can say that there is a lot of difference between the two, and each having its own benefits.

Article Original Source : https://www.marketingmind.in/difference-startup-business/

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Sundar Pichai is inspired by woman who scored 0 in quantum physics exam. You would love to know why

Global

indiatoday

Sundar Pichai recently lauded a woman who scored zero in quantum physics exam. The reason will win your heart.

Google CEO Sundar Pichai was among some of the world's top tech leaders and scientists who commended a woman for pursuing science despite scoring zero on a quantum physics exam only a few years ago.

Today, Sarafina Nance is doing PhD in astrophysics at one of top institutions in the world, the University of California, Berkeley. The 26-year-old astrophysicist is researching supernovae.

"4 years ago I got a 0 on a quantum physics exam. I met with my professor fearing i needed to change my major & quit physics. today, I'm in a top tier astrophysics Ph.D program & published 2 papers. STEM is hard for everyone -- grades don't mean you're not good enough to do it (sic.)," she said in a tweet on Thursday which has now been liked over 57,000 times and retweeted over 10,000 times.

4 years ago I got a 0 on a quantum physics exam. i met with my professor fearing i needed to change my major & quit physics. today, i’m in a top tier astrophysics Ph.D program & published 2 papers.

STEM is hard for everyone—grades don’t mean you’re not good enough to do it.
— Sarafina Nance (@starstrickenSF) November 20, 2019

"Well said and so inspiring!," Pichai said in response.

Well said and so inspiring! https://t.co/qHBwdv3fmS
— Sundar Pichai (@sundarpichai) November 21, 2019

The inspiring story of the young astrophysicist who is also a breast cancer survivor opened the gates for a flood of similar stories. Among them is Mike Turner, Director of Science, Wellcome Trust, a research charity based in London.

"This is an inspiring thread. Thank you Sarafina. I left school with 2 A levels, got the third next year and into uni through clearing. Now director of science at Europe's largest funder of biomed science. Do not let failure define you (sic.)," he said.

"You are an inspiration. Thank you so much for sharing," said another user.

"I so admire you little sister. I wish so much I would have been brave enough to forge ahead into the Sciences as have you and so many others of your generation. I hope my grand nieces follow you. Lilly wants to be a Starship Commander. So I buy her rockets to build and launch," tweeted another.

As an undergrad I got a C+ in plant ecology. I was devastated because that was my major. I talked to the prof who encouraged me to continue. Got my PhD and have been a plant ecology prof for 20 years. STEM is hard, grades don't matter as much as determination.
— george vourlitis (@GeorgeVourlitis) November 21, 2019

Thank you. I needed to read this today. I've been very good at learning and test taking in the past, but personal issues have really burnt me out. This is a reminder that the resulting grades don't need to define my future. Thank you for sharing. I'm sure it helps others too.
— Jocelyn Petitto (@flutterbyeffect) November 21, 2019

The fact that you got a 0 and didn't quit means so so so much more for being a scientist than if you got a 100! 💕✨
— Maryam Zaringhalam, PhD (@webmz_) November 21, 2019

Article Original Source : https://www.indiatoday.in/trending-news/story/sundar-pichai-is-inspired-by-...