The difference between Startups & Small business

Startups and Small businesses are not the same thing. They do share many similarities but there is a difference.  The biggest difference between these two company types is in their main objectives. Small businesses are driven by profitability and stable long-term value, while startups are focused on top end revenue and growth potential.

Steve Blank is a Silicon Valley serial-entrepreneur and academician who is recognized for developing the Customer Development methodology, which launched the Lean Startup movement. In this short video, he explains the difference and similarities between startups and small businesses.

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