Info by Startup or Business Type

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Info by Startup or Business Type

First off, what is a startup? A startup is a new business venture that has no defined track record. Some have also said that a startup is a startup if you go on vacation for 6 months and the business is dead when you come back. Basically if it won’t run without you, it is considered a startup to a lot of folks. A stable business should be able to run without you if you go on vacation.

Types of Startups or Businesses

There are various kinds of startups and because of that we plan to cover the ins and outs of those different types along with the basic information. There is general business information and then there is specific business information and that is where we get the different types of startups.

Startup Types

Product and Service Startups

Product and service startups are startups that are doing things that have to be manufactured or of a tangible nature.

Examples

  • Vehicles
  • Machinery
  • Tools
  • Franchises: Restaurants, bars, brick and mortar stores, etc.
  • Brick and mortar stores
  • Inventions
  • Physical services: Mowing lawns, construction work, etc.

These startups can be cheap or not cheap but most people think of them as expensive. The downside to a hardware startup is that you have to keep selling a service or product over and over again. This means that you have to keep producing items. It also means you have maintenance issues, labor issues, etc.

Tech startups can be classified under hardware startups if they are of a tangible nature and must be manufactured however tech startups have a lot of exceptional materials so that is why they are classified under tech startups.

Product Startups (Hardware Startups)

Product startups are also commonly known as hardware startups as they are startups that focus on hardware and not software products (digital products). These can be carvings, inventions, or any other products.

Service Startups

Service startups are businesses that revolve around providing a service. Some examples are call centers, mowing lawns, etc.

Product/Service Startups

Running a pure product or service startup is difficult because a lot of things involve a service and a end product. McDonalds for instance is one of these types of businesses because they provide the service of making the food but then they deliver a product as the end result. Software and Website developers also fall into this realm because they provide a service of developing a product and deliver a product as the end result of the business transaction.

Services do not have sales tax applied to them but the product itself does.

More here: Product and Service Startups

Tech Startups

Tech startups are startups that are doing things relating to microelectronics (think circuit boards) or anything related to electronics, or digital products such as websites, phone apps, or software.

Examples

  • microelectronics (think circuit boards)
  • websites
  • phone apps
  • any type of software development

These startups can be cheap or not cheap but most people think of them as low cost startups. The downside to tech startups is that you generally have to have a lot of advanced knowledge that requires college degrees to know how to do. The other way to go about it is to use pre-coded items that you can make them do what you need them to. Things like website templates can be used to make fully functioning websites by a layman.

Tech startups can be classified under hardware startups if they are of a tangible nature and must be manufactured however tech startups have a lot of exceptional materials so that is why they are classified under tech startups.

More here: Tech Startups

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