A Start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable economic model. While entrepreneurship refers to all new businesses, including self-employment and businesses that never intend to become registered, start-up refer to new businesses that intend to grow large beyond the solo founder.
Class of Business
start-up can be classified as follows:
- Buyable start-up
- Scalable start-up
- Offshoot start-up
- Small business start-up
- Social start-up
start-up have different insurance requirements at different stage – A company at idea stage will not purchase group mediclaim but a company in growth phase will definitely buy it as Human Capital is a major criteria for start-up.
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