A\u00a0startup company<\/b>\u00a0(startup<\/b>\u00a0or\u00a0start-up<\/b>) is an\u00a0entrepreneurial venture\u00a0which is typically a newly emerged, fast-growing\u00a0business\u00a0that aims to meet a marketplace need by developing or offering an innovative product, process or service. A startup is usually a\u00a0company\u00a0such as a\u00a0small business, a\u00a0partnership\u00a0or an organization designed to rapidly develop a\u00a0scalable\u00a0business model.<\/p>\n
At the individual level, entrepreneurs start businesses for various purposes: \u201cSome start businesses driven by necessity \u2026 while others are opportunity-driven.\u201d In general, the characteristics of business startups are as follows:
\n– Born out of individual initiatives and skills
\n– Greater operational flexibility
\n– Low cost of production
\n– Specialization in niche markets
\n– High propensity to adopt technology
\n– High capacity to innovate export
\n– High employment orientation
\n– Utilization of locally available human and material resources<\/p>\n","protected":false},"excerpt":{"rendered":"
A\u00a0startup company\u00a0(startup\u00a0or\u00a0start-up) is an\u00a0entrepreneurial venture\u00a0which is typically a newly emerged, fast-growing\u00a0business\u00a0that aims to meet a marketplace need by developing or offering an innovative product, process or service. A startup is usually a\u00a0company\u00a0such as a\u00a0small business, Read More<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":75,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[22,21],"class_list":["post-78","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup","tag-entrepreneur","tag-startup"],"_links":{"self":[{"href":"https:\/\/smemyanmar.com\/index.php?rest_route=\/wp\/v2\/posts\/78","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/smemyanmar.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/smemyanmar.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/smemyanmar.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/smemyanmar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=78"}],"version-history":[{"count":2,"href":"https:\/\/smemyanmar.com\/index.php?rest_route=\/wp\/v2\/posts\/78\/revisions"}],"predecessor-version":[{"id":95,"href":"https:\/\/smemyanmar.com\/index.php?rest_route=\/wp\/v2\/posts\/78\/revisions\/95"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/smemyanmar.com\/index.php?rest_route=\/wp\/v2\/media\/75"}],"wp:attachment":[{"href":"https:\/\/smemyanmar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=78"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/smemyanmar.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=78"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/smemyanmar.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=78"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}