Startup vs Company.
Search vs Execute.
Understanding the differences between the company stage and the startup stage is critical to focus resources on what matters the most when you are searching for a repeatable, scalable business model (Startup) or when you are executing a well-known business model (Company).
Company vs Startup.
A COMPANY executes a well know business model, a company has already validated that a problem exists, a profitable market, and a valuable solution.
great, now on the other side!
A STARTUP is a temporary organization in search of a repeatable, scalable, and ultimately profitable business model.
Notice that the transition from startup to company happens when you validate problem/solution-fit and product/market-fit. The Startup stage is a transition from searching and validating assumptions toward a more solid understanding of a path to profitability.
Startup To Company — The Challenge:
Identify the stage of your business
Startup Stage is a temporary organization with a unique focus of searching for a profitable and scalable business model before running out of cash (Burning Rate).
whether there’s product/market fit by finding early evangelists, understanding their needs, and verifying that the initial minimum viable product solves a problem they’ll eagerly pay to have solved. And if not, use near-continuous customer feedback to drive agile, frequent changes in product and business models alike.
The Company Stage focuses on the execution of a well-known and understood business model,