What are the key components of a start-up?

The key components of a start-up include a unique business idea or concept that fills a gap in the market or solves a problem, a passionate and committed founding team with diverse skillsets, a well-defined target market and customer segment, a solid business plan and strategy, and access to funding or resources necessary to launch and sustain the business. Additionally, a start-up should have a scalable and sustainable business model, strong marketing and sales strategies, and a culture of innovation and adaptability to navigate the challenges and uncertainties of the early stages of entrepreneurship.

This mind map was published on 22 January 2024 and has been viewed 75 times.