Startup vs. Small Business: What’s the Difference?

, Start Up
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Aaron Vick

As your business idea grows you’ll have to determine what your business model is. Take a look at the difference between a startup vs small business to see which fits your idea best.

The entrepreneurial spirit can take many forms. Driven by its vision, it can lead to the creation of a small business, a corporation, or a startup.

But wait a minute, doesn’t that statement sound a little redundant? Often when people talk about new companies, they use the terms “small business” and “startup” interchangeably.

Yet while the two have their share of similarities, there is a significant difference between a startup vs small business.

The distinguishing factors start with the company’s objective.

Understanding Startup vs Small Business Mentalities

While all businesses start with an idea, what that idea is and how it’s execution determines whether you embark on the path of a small business or startup.

The

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