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What are the key differences between a startup and a small business

Sure, here are seven different ways to explain the key differences between a startup and a small business:

**Growth Potential**: Startups usually aim for rapid growth and scaling, often looking for big investment to expand quickly. Small businesses, on the other hand, focus more on steady, sustainable growth and serving their local community.

**Business Model**: Startups often have innovative ideas or tech-driven solutions that disrupt the market, while small businesses typically operate on established models, like restaurants or retail shops, catering to local needs.

**Funding Sources**: Startups usually seek venture capital or angel investors to fund their growth, while small businesses often rely on personal savings, bank loans, or local funding.

**Risk and Reward**: Startups come with high risk and the potential for high reward, but many fail. Small businesses tend to have lower risk, but they also see slower growth and more modest profits.

**Market Approach**: Startups often target a wider, sometimes global market, while small businesses usually focus on a specific local or niche market.

**Culture and Environment**: Startups often have a fast-paced, dynamic culture with a focus on innovation and flexibility. Small businesses might have a more traditional work environment, with established roles and routines.