scalable startups vs small businesses
DESCRIPTION
The difference between Scalable Startups and Small BusinessesTRANSCRIPT
Scalable Startups: -‐ New product -‐ New market -‐ Unknown customers
-‐ Seeking to create a big company with high poten;al of growth
-‐ Very risky, but very rewarding
Small Businesses: -‐ Known product/service
-‐ Known customer -‐ Low risk -‐ Want to keep it small within the family
-‐ Have small poten;al to grow
Fully commiGed to support and boost entrepreneurship, small businesses and innova;on Scalable Startups are companies with founders
that have a vision to become big and world class companies and usually these companies are considered very innova;ve
• Create 1,000s of jobs • A0ract interna4onal talents • Revenue > US$100M • Change the world to a be0er place
Key Characteris4cs • Create 10-‐100 of jobs • A0ract cheap labor • Revenue > US$1M • Want to feed the family
Key Characteris;cs
• Mentorship and advice • Talent and skills • Educa4on • incubators
What do they need? (Ecosystem elements) • Early stage investors • Late stage investors • Easier regula4on • Global network
• Ini4al investment • Grants and Loans • Land • Regula4ons that support their products
What do they need? (Ecosystem elements)
Scalable Startups Small Businesses are companies built to make enough to feed their families. Usually there founders prefer to stay small and let their family members manage the business for genera;ons
Small Businesses
Scalable Startups Small Businesses vs
Done by Abdullah Alshalabi – [email protected]