Startup vs Small Business. What’s the difference? - Startups 101
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- Опубликовано: 24 авг 2024
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There are big differences between a startup and a small business. Which are they?
Learn everything about it in this video.
#startups #smallbusiness #entrepreneur #slidebean
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Caya
Twitter: / cayahere
LinkedIn: / caya 
Наука
We all aspire for the startup Amazon dream, however, we have to face reality. It’s better to succeed as a small business first, then you can look to grow to that next level. It’s no good to raise all that money, burn all that money, and end up eating only ramen noodles and having to start all over again. Sounds great in Forbes magazine articles, but, if you want a good work-life balance and a family, that’s probably not the way to go as 99% will crash and burn.
word!
How you can say it's nearly all and it's 99%
Amazon started AS a small business. They all did. Some of them failed. Amazon did not rise overnight. It started out with 2 guys, a small room, and a bunch full of books
Caya is a beast in Business Insights and aggregating it into a Pitch RUclips video
And its nice that he opens his schedule for subscription based memberships.
If only he would drink whey protein and Get Jacked in the Gym across from his Office.
Then he could bench press stocl prices like a champ, and get all the Hot Anime Cosplay Asian Swimsuit Haul Girls he wants.
Hehe
I am thinking about a new type of restaurants : eating-spots,
in eating-spots, food keeps changing, chefs also rotate,
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are way more powerful than restaurants.
along with that, there is an app,
people vote for the food that will be cooked in the next days.
menu is influenced by the live input of the people via an app.
This channel is a hidden gem
Thank you!
What a co-incident!!!!!! Coding in flow!!!!!!!!!! Greetings from Bangladesh
@@md.mehrabhaque2223 greetings 👍
Agree
YES!
Most rich people in your neighborhood are traditional bussiness owners
But most rich people in your magazines are startup founders
true and insightful
Depends. I live in Manhattan 😉
@@zack50fiftyfree75 very few places have 💯 startup culture because they are very risky and a visionary founders is needed unlike regular businessman
Small Business - Is valued traditionally on what it has, products or services contracts and actual clients.
Startup - Is valued on potential(Think Theranos).
This is all smoke and mirrors, my advice is build your idea and just go on getting clients/customers. Don't be concerned whether your starting a business or startup, just do be concerned about translating your idea to actual money on a sustainable model. You're not Facebook, don't spend your energy trying to be the next big thing. Just be the thing, then be big.
I agree and thanks for the explanation
robby lebotha 💯
I agree
Thank you for the explanation. Appreciated.
I agree it's all smoke and mirrors
Reading about people grabbing multi-figures monthly as incomes in investments even in this crazy days in the market, any way or any pointers on how to make substantial progress in earning I would really appreciate.
First start working with a certified financial advisor if you have any, if you don't, I will recommend John Desmond Heppolette, He's really one of the best advisor I'd invest with, he's going to guide you and give you the rundown on how to get started on a profitable investment journey.
@@Barbara0015 I just discovered his exceptional resume when I searched up his name. He appears to be knowledgeable and well accredited! Thanks so much for the information..
John Desmond Heppolette, really seem to know this stuff. I found his online-page, read through his resume, educational background, qualifications and it was really impressive. I left him a note and booked a call session with him..
It's fascinating to see people that employ sir John Desmond Heppolette, investment services. he has been helping alot of people recover their losses from the crash, he's all we need right now. Investing has so much advantages as it is volatile, this is a perfect time to partake in it folks.
yeah this is a scam lol
This has got to be one of this single most understandable and well explained comparisons of the two types of businesses. Fantastic articulation. Small businesses need to know this so they don’t unknowingly venture into the realm of venture capital raising and its headaches, unprepared with the huge expectations from investors. Small business need to know the great freedom and enjoyment of not taking on investors. There is joy in not always having your creation be a Shark Tank story. Thank you!
No, Karen, thank YOU! 💙 You've made our day!
Bradford Technology great internet service
"Freedom and enjoyment of not taking on investors"
IKR, but how can one create something when he needs capital that he doesn't have only to reach a proof of concept?
Hello Caya
Greetings from Ghana here🇬🇭
Been following your content for a few months now and want to say I really appreciate the value you give out here.
Big ups👍
Big up, Nana! Thank you for watching! We appreciate your feedback!
How far chale. Fellow Ghana based subscriber here.
You talk like an honest guy giving genuine advice. Now I understand that this is part of your business but I believe that your business model is and videos are pretty well designed for people to connect to your company. In other words, a startup telling other startups what to do. Kindof what motivational speakers do. Make money by giving advice to others on how to succeed. I think it is one of most robust business models out there because there is such a low % of people or companies who actually succeed. So you can never run out of customers and never get outdated!
I find this guy annoying for some reason, but he’s the only one who made the content I was looking for. I appreciate that.
I'm glad I'm not the only one.
Yea same. I wish he’d head to the gym but I also really like him!
A good massage would help him. All his stress is held in his shoulders and vocal chords.
Damn yeah, this exact thought goes through the back of my mind everytime. Somehow i keep feeling like his actual intention is not to educate us but to promote something or himself.. i dunno. ColdFusion is a way better channel than this for true information seekers.
He leans too much for me
Im in the process of starting(or more accurately re-starting) a small business which I tried to start once and due to personal issues(namely a nasty break up with my then girlfriend and business partner and subsequent deep depression), never got off the ground. Right now, Im watching and reading all the info that could possibly help me. So thanks from a new subscriber
Hope you are doing better and growing. Just read this. :)
The terminology I hear the most often to define the difference in types of startups you are referring to is: scale ventures (what you called startups) and lifestyle businesses (small businesses).
Bradford Technology great internet service
The content here is University level. Totally in love and will definitely sign up when I'm ready for presentation.
Bradford Technology great internet service
The vending industry is an old line established industry. It is rapidly evolving. I worked for a non food vending machine - a massage chair. So far my profits are increasing monthly. I’m glad I decided to start this kind of business. If you want to earn fast and easy, try a vending machine business. It works for me. No need for other additional cost.
We have a business fair event in school where we have to put up a real business inside the campus with the students as our market. My team and I decided to put a vending machine business. We had a hard time choosing what kind on machine to use. Since one of my team members owns a massage chair, we decided to put up that one. And wow!!!! We are amazed with the result. A lot of students try it out and they liked it.
amazing video like always, I watched a lot of vc/startups related content on YT but yours is really really dope. Thx
Amazing! Thanks for the comment. What other channels do you watch? We'd love to take a look!
Thanks so much for watching, Quentin!
It's absolutely great knowledge sharing.. Thanks
As a startup/SME legal adviser j can totally relate to this. Thank you for sharing this.
the quality of the content this guys bring is insane
@6:19 - “Love dong”. Lol.
I don't understand how a seed investor can put pressure on a company. Let's say you have an investor investing 5000 and you become a "small business" (or lifestyle business) and manage to earn enough money to stay afloat without further investments. Or even grow slowly little by little. How can a seed investor put pressure on you?
I finally got the RUclips channel I have been searching for all my life 👍😁💪
0:10 - '"or get acquired for insane amount of money"
The example you guys took got acquired for $27 Billion. Keep up the good work !!
Dude - what you did, IS a FANTASTIC achievement and WAY more people should be starting businesses vs being obsessed with vc funded route - so many people are misled by the techcrunch type of hype of the vc funded approach - and way too many get absolutely nowhere where they would much more likely succeed with the profitable business approach. Building on Bedrock by Derek Lidow is a great book about this (and I am not affiliated :)
I feel like this is all about cycles, you get better at every cycle as you depart from a different point and eventually you get to the Unicom stage. The problem is that sometimes you are really good and due to many reasons you are already ahead in the game and manage to build a great company with fewer attempts, creating that wrong expectation about everyone else.
The honest truth is that startup investors (Venture Capitalists) would rather you take and burn their money fighting to grow your company to be valued at billions of dollars, than for you to grow slowly and have consistent revenues of say $10s to even hundreds of millions of dollars. This is why Uber was able to raise $10b+ despite burning almost all of it and still not being profitable 10 years later.
But Molly the bakery can not burn money. She needs to balance her books because no one is throwing $1m+ her way and the value of her business is 1-2x revenue minus expenses and liabilities.
For me, a small business is when you are self-employed - let's say making handmade knifes, or being a freelancer online, or having one or 2 or 3 crews working for you for example, which in our small east-European country is something like 20 to 100k in capital. Just saying how different things are in the US.
Here, the vast majority of clothes shop owners are people that have rented a shop for 1k/month and have 10k in clothes, and employ 1 or 2 girls as sellers
One thing I want to define is if you can really handle corporate job well then only you can excel in a start up because when you got investors they want you to work day and night for their 10x growth
I'd love to start baking one day as a side gig. Don't know if that counts as a small business but it sounds like a funner hustle than driving for Uber or flipping thrifted shit. Anyone else here who wants to make money off of baking?
Definitely a small business. Not looking for any investors, instead I'm leveraging our Software development skills to build software for clients and use that that money / profit to fund the development of internal tools which will in the future be our main source of income. Very happy with the progress and I'm excited to swap over to our onw products being the main attraction. very good video, thanks.
Thank you for giving the good information.Most company in my country always introduce as start up.Now I understand that they are small business
I clicked away, thinking this wasnt relevant to me. So happy that I came back in!
🙌🏼 that’s great!
Bradford Technology great internet service
You're Costa Rican!!! Amazing, I'm Panamanian, salute!
SALUDOS DESDE CANADA ME DA FELICIDAD VER COSTARRICENSES EN RUclips!
Cool didn't know you guys started in Costa Rica
Yup!
@@slidebean I am from Turrialba
This is the first video I am seeing on this channel and I really liked. I am an entrepreneur myself and very few people aware of this fact who do startups.
Thank you for your support! Welcome to the channel!
Bradford Technology great internet service
Carlos Meza knows his shit
Excellent Work, Thank you 🏆
Thank you for this information. Much appricated
I am truly amazed by the quality of the content of Slidebean's videos. Thank you so much!
Thanks a lot!
The differentiation by having to have more employees if you get more customers seems weird as this would kinda mean that Amazon would fall into that category as they need big warehouses and lots of employees to ship all the packages.
Who noticed a rise in SaaS startups in recent times ??
Great video 👍
All of a sudden the term SaaS sprouds everywhere nowadays
@@Wizzy959 lol true 😂
Professional guidance brings about remunerative results. Great job Alexander payden.
How? Does he trade for you
It’s been great pleasure working with him for me too, he’s ever consistent.
He trades and handles my general portfolio
*Xanderpayden (a) gm ail com*
Or 32 4602 19701 on whatsapp
Thanks for the swift response
Damn, I needed to hear this. Thanks 🙏 subscribed.
Thanks for the sub!
Bradford Technology great internet service
This is such a awesome channel.. Breath of fresh air on dusty topics ...
Love that and some great advice, and I have to agree to try and start a business with the concept of getting or needing seed funding. For me in MHO you build it first MVP add a customer base prove what you are doing works and there is interest in it. I've got years in tech build product for sale, and we have always taken the safe option of build in an existing community and for sure we've done revenue of 1m plus year after year. A few years ago I decided to try something different and build outside of an existing community i.e. have our own software platform and challenge existing solutions. Trust me when I say it is a lot harder, but understand the size and the model of the business at each stage is really important
Bradford Technology great internet service
I like your comment. I think sometimes founders aren't considering the size of their problem and the true value they are delivering. You have to validate it first.
Where's part to of this video. It was way too short.
Been a subscriber for a few days now, had no idea that Slidebean was software! I actually know several people who could use that, will definitely check it out
Yup! We do more than just RUclips 😉
@@slidebean Ya, a bit embarrassed about that lol - looking for a way to pass on a quick overview of your services, maybe in a newsletter? We'll see.
great content. Especially the advice on the type of investors.
Este canal es todo lo que necesite para entender la importancia de tomarme el camino de el contenido que compartes.
Me encanta, gracias muchachos.
¡Gracias a ti!
You guys are doing great things! I like your pitch decks too!
Great video- watched it twice! Thanks for creating
Wow. After a long time I found a genuine channel
Thanks for watching!
Bradford Technology great internet service
Thanks for the Podcast!
great video as always, one thing, at the beginning you show a not equal symbol being crossed out, meaning it's not not equal
I am thinking about a new type of restaurants : eating-spots,
in eating-spots, food keeps changing, chefs also rotate,
this is opposed to current restaurants,
thanks to this rotation of food and chefs, eating-spots are way more powerful than restaurants.
along with that, there is an app,
people vote for the food that will be cooked in the next days.
menu is influenced by the live input of the people via an app.
Very underrated views. Great content!
Glad you think so!
so ur company does the same as a powerpoint feature?
Insightful, enlightening, and straight to the point.
I can’t find the podcast he suggested! Dose some one have a link?
Amazing video!
This is so helpful
First time watching and subscribed. U are amazing.
Welcome aboard!
Whether you decide to invest in Ethereum or Tezos, your crypto money is only yours. Cryptocurrencies do not rely on banks that have exorbitant fees just to hold your money. Moreover, the crypto market is open 24/7, so you do not need to worry about opening times; you can choose when and how you want to buy and sell. Isn’t it a good enough reason to invest in cryptocurrency?
What's your best advice friend. What's the amount to startup with? How long does a single trade take and what's the difference in long term trading here
@@yakoobdanial2476 the long term advantages about trading here is process oriented goal, protecting the trading capital, starting off with free cash and putting yourself in the right mindset to trade to the best of your ability as a business owner. In my professional experience a minimum investment of $1000, world suffice for full play of this market strategy. Now am going for Mr Bills $10k Mark this month. One can clearly get their daily profit on a daily basis, Monday to Friday up to 10% for 200 days or 300%
@ Saeed maspii how can we run side by side. What's your best advice for an appropriate start-up
@@damianthomas8779
So far the professional guide I have gotten has yielded more than I anticipated as my earnings after 3 months of trading on Expertise. I have made over 50,000 on investing just $11,000. some of these forex trading channels are identical and terrible and they make their money from selling you their crap courses and indicators and not from actually trading the strategies they sell.
if anyone needs help, Im going to start putting myself out there, i am a 7 figure trader.
advice to anybody offering trading educational service, a lot of folks are asking after trade setup, how can they practically make entries and exit.
@@damianthomas8779I 'm one of Benjamin greatest accomplishments, presently I'm on a 145% monthly revenue. cheers! I'm really intrigued by the rate of winnings coming through Mr Benjamin, it speaks a whole lot about what possibilities he's capable of.
Going on my 6th round of investments under anmol, no downfalls yet. I'm actually very hopeful about this. Smart investments changed my career standards and trading perspective. its surprising how eventful taking things one step at a time can be...
Its the most effective move I've made on passive income generation. My family now have a better living standard.
Basically he trades in your deposited income, giving you a much better Stand point to achieve any profit target. He has his eyes peeled on different commodities like in the stock market, oil and crypto trades.
How is this channel not taught to us in school 🙆🏾♂️🙆🏾♂️
That time when you here your country be named Costa Rica nad you are like, wow. Haha
Nice video ;) thanks for a comprehensive comparison
I just got into forex trading and I just made my first profit I wish I knew about this on time
Investing in forex trading is the best Investment one can make currently.
How does this whole forex thing I'm interested and willing to invest but I'll need professional guide and assistance.
@@michealbecker3563 You are right.
@@jeffgriffo7321 I'll recommend DaveJohnsons for you he's strategies are working for me and my friends at the moment and am making good profit from forex trading.
Forex trading market is a platform with many opportunities as well as we all know the system can be complicated,the exact reason you need a professional to place your trade.
Loved the video and so glad I found this channel. The quality of your content is insane.
Out of curiosity, what would you consider your company? Would it be a small business (since you mentioned revenue over time)? And how were you able to find/deal with investors who wanted large scale, whereas you ended up finding that you weren't exactly the large scale company?
I also feel that one big reason for scaling quickly for these unicorn startups is that the moment you're out in the market (because what you're doing is much easier to replicate/scale), you'll start attracting competition quickly - especially if what you're doing is more proprietary. For example, with Uber came Lyft and with GrubHub came Postmates, UberEats, Caviar, etc. - Just a thought :)
Well said.
Wonderful video, like always, keep up with the good work!
Thanks, Luca!
I’m in the business of building shovels for the gold rush. I don’t want to create the next Uber. Just something to pay myself a decent salary and hire my friends and family
I did something similar years ago,
The question is, what will happen to your income when people discover that they can't find gold?
Been looking for days, this is the best and easiest to understand and most in depth account. Thank you.
Your videos are really an asset, I'm a big fan of yours. A recent graduate of electrical and electronic engineering. I'm also a full stack developer and I run a startup (still in development). I've been helped in no small measure by your videos. Keep it up sir. 🤗
Wow! Thank you! Keep it up!
Great video! A new follower of your content. My gosh you guys have the feel and knowledge of a unicorn startup! Learning so many things from you guys
Amazing! Happy to help.
His English is more understandable.
60% startup have issue from January due to poor planning, poor quality candidates and over estimation
WHat happens in a situation where small businesses pivot to become "start ups".. in other words, service compnay evolvs into a product company
Outliers are used as the role model. The problem is those startups are modern monopolies which would fail unless funded by VCs with access to insane amounts of money.
1:11 love this momment
Bradford Technology great internet service
This is world class......great simply great....thank u
Thanks so much, Ahmad!
Startup is an exploration while business is exploitation.
Truth is beautiful after all.....best video ever .....Thanks a lot for this video.
What do I do if I want to raise money for an entertainment company that produces stage shows, films, and a theme park?
Great question! To be honest, I have no idea. This is way out of my field.
Use Kickstarter, its very good for Films,Games, etc.
"Where you are now will not get you to where you want to be" - Unknown
Thanks !
Great content keep it up!
Love this 🇹🇿🖐
What if you fall somewhere in the middle 🤔 like say a food distribution company 🤔?
Thankyou!
I also think there's an opportunity for Slidebean itself to build a network of "Hackers, Hipsters and Hustlers" for struggling tech start ups who aren't able to find the right man for the right role.
We may have that already! Join for free: slidebean.com/startup-cafe
:)
Thank you Slidebean
Thanks, AK!
Hey Slidebean, i’m 24 and got a good idea. I got Investors who are willing to invests in my company. To be honest, the mindset of Dutch investors is simply different that the once in the US. Only because of that, I’m willing to go to LA to get funding and boost this idea. What should I do? Should I even take that risk or should I grow the idea in The Netherlands? Slow and steady. Keep in mind that this idea can potentially be an IPO.
Good comment! Welcome to discuss with other founders or Caya on Discord slidebean.com/startup-cafe
@@slidebean Cool, just made an account. Should I put this question in the group?
Hi, Iam from NL too and struggling with the same thing. How is it going so far?
Can you please make a video about how companies that don't make money work like Amazon
Idea noted! Thanks!
Great video, but is anyone else bothered by the hosts shoulder width and posture?
Yes. It's...unique
Amazing! Happily your new subscriber
Thanks for subbing!
Good content....felt like seeing a younger version of Prof G!
Oh, wow, thanks! Happy to see you've found it useful!
I came here because of Start-Up Korean Drama LOL
Brilliant, your channel is a hidden gem, you just earned a sub
Bradford Technology great internet service
Excelente video Caya. Consiso e informativo y felicitaciones por ese gran crecimiento de su compañia en tan poco tiempo en un mercado tan competitivo. Orgullosamente costarricense.
Pura vida!
Never heard such data before...very interesting and i informative.
it's not pronounced Data, its pronounced Data!
The difference is the size