Most articles online are biased toward the US 🇺🇸 where there is a history of entrepreneurship and small business.
When the European pilgrims and settlers colonised North America, they had to create everything they wanted themselves.
Startup
The US Small Business Administration (SBA) defines a "small" business as one with 500 employees or less.
Most small businesses provide a well-known product or service. Think restaurant, coffee shop, accountant, lawyer, dentist, etc.
A relatively tiny subset of small businesses are focussed on creative technology; creating something new to solve an existing problem.
These are often referred to as "startups": https://en.wikipedia.org/wiki/Startup_company
It is a miss characterisation to describe all small businesses as "startups" but the term is widely used by media and culture.
Most articles online are biased toward the
US🇺🇸 where there is a history of entrepreneurship and small business. When the European pilgrims and settlers colonised North America, they had to create everything they wanted themselves.Startup
The US Small Business Administration (SBA) defines a "small" business as one with 500 employees or less. Most small businesses provide a well-known product or service. Think restaurant, coffee shop, accountant, lawyer, dentist, etc. A relatively tiny subset of small businesses are focussed on creative technology; creating something new to solve an existing problem. These are often referred to as "startups": https://en.wikipedia.org/wiki/Startup_company It is a miss characterisation to describe all small businesses as "startups" but the term is widely used by media and culture.
To be continued ...
https://www.entrepreneur.com/starting-a-business/the-true-failure-rate-of-small-businesses/361350 https://www.investopedia.com/articles/personal-finance/040915/how-many-startups-fail-and-why.asp https://www.cbinsights.com/research/startup-failure-post-mortem/ https://www.reddit.com/r/startups/comments/6y8b5i/90_of_startups_fail_but_where_are_the_10_that/