Types of Start-ups

Lifestyle firms

Privately held, small scale, modest growth, with an avg employees of 30-40, having an annual revenue of around $2 million

Foundation Company

Created from R&D, lays the foundation for a new business, can grow in 5-10 years from 40-400 employees, having 10-20 million in revenues

High-potential venture

Receives big public investment, rapid growth, huge staff with around $20-30 million in revenues

Entrepreneur

Person conducting own business

Person who sets up business deals in order to make profits

Organizer of an economic venture, one who owns, organizes, manages, and assumes the risks of the business

Role of the Entrepreneur

1.    An innovator who combines technical innovations and financial finesses.
2.    Important role in producing competitive products, processes, and services.
3.    Generation of new employment
4.    Local and regional economic development
5.    Improved allocation of resources and transfer of technologies

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