Startup vs UKM Which One Are You

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Smes: usually smes sell more traditional goods and services (though not always), for example, grocery stores, travel agencies, salons and so on.Startups: innovation is a must. And startups are usually synonymous with disruptive innovation. As a startup, you must and are required to create something new or something better than what currently exists. It will be even better if your startup creates products that are solutions for people's needs. For example, airbnb or go-jek, which provide solutions to the needs of fast, practical and inexpensive transportation for the community. Scalesmes: small businesses operate within fixed, self-imposed boundaries. In other words, you deliberately limit growth and focus on serving a certain number of customers. Startups: startups usually don't limit their growth, and have aspirations to grow as fast as possible.

You aim to gain so much influence that you can be seen as 'disturbing' the market. Growth ratesme: of course, you want to grow as fast as possible, but your main focus is on making a profit. After making a profit, you can then consider expanding your Brazil Phone Number List business but with the utmost precaution. Startup: you are interested in growing as quickly as possible, and creating a repeatable or replicable business model. You want to be able to replicate the success of your startup around the world.  Smes: you are required to generate income from day one, and if possible make a profit too. How much profit you want will depend on how much money you are willing to spend personally, as well as your expansion plans. Startup: it may take months or years before you make a dime. Instead, you focus on building products people love, which results in great user acquisition.



Financingsmes: to get started, you will have to rely on your personal funds, contributions from family and friends, bank loans or investors. Your goal, however, is to become self-sufficient, so you carefully monitor how much money you pay out.Startups: many startups were initially self-funded, or supported by contributions from family and friends. In addition, startups often take advantage of crowdfunding campaigns which are also increasingly popular. However, the most common form of funding is by raising capital from angel investors , and venture capitalists. Technologysmes: usually technology is not a top priority for smes. But actually there are many technology offerings out there that are useful to help meet your core business needs such as marketing, accounting and so on.Startups: technology is often the core product of startups. In addition, startups will most likely rely on technology to help them achieve their goals of rapid growth at scale.