In an increasingly globalized and innovative world, startups are a big part of the business landscape – and that is why knowing more about a startup can help you in your own business.
If you already work in or own a startup, then this is the time to identify what stage of growth your company is in. This is always a great opportunity to learn and move to the next step.
So come with us to find out what are the 6 stages of growth of a startup!
What is a startup?
The term “startup” is becoming increasingly common, but not everyone knows what it means. Check out this brief summary that will help you throughout the article:
Startups are new companies that often work through the MVP (minimum viable product) strategy and are rooted in innovation and disruption. The idea here is to offer new solutions to old problems.
Startups are often companies that offer practical solutions and focus primarily on the younger generation (since they are also young companies).