The Life Cycle of a Start-up

Start-ups are not the same as small businesses. Start-ups have different needs and different opportunities. They are driven by rules different from small businesses. Academics and practitioners have already described phases for business development. Small businesses usually come through known phases. On the other hand, development of start-ups is still under investigation. For now, we can say, there are differences between life cycle of a small business and a start-up.