ARE YOU A STARTUP
Quiz :Are you a startup
Here’s a quiz to determine if your company is a startup and assess your stage of advancement:
What is the size of your company?
a) Less than 5 employees
b) Between 5 and 20 employees
c) More than 20 employees
How long has your company been operational?
- a) Less than a year
- b) Between 1 and 3 years
- c) Over 3 years
What is your primary business model?
a) Based on innovative ideas and/or disruptive technology
b) Adapting an existing model to a specific market
c) Traditional and proven business model
What stage of development is your main product or service in?
a) Still in the development or prototype stage
b) Market-ready but requiring improvements
c) Fully operational and generating significant revenue
What is the primary source of funding for your company?
a) Angel investors, government grants, or crowdfunding
b) Bank loans or venture capital funds
c) Self-funding or founders' personal loans
What is your main growth objective?
a) Rapid expansion to capture significant market share
b) Moderate and controlled growth to consolidate our market presence
c) Maintaining the status quo and long-term profitability
Scoring
Majority of answers c)
Your company is likely more established and may not necessarily qualify as a startup but rather a traditional business.