STARTUPS CONTENT What are startups Facts and figures

STARTUPS

CONTENT ● What are startups? ● Facts and figures about startups? ● Founding - Am I an entrepreneur? Which characteristics. should I have? ● Advantages and disadvantages of entrepreneurs. ● How you get money? ● Startups wordwide, startups in Austria/Lithuanian.

What are startups? A startup is a young company that is just beginning to develop. Startups are usually small and initially financed and operated by a handful of founders or one individual. These companies offer a product or service that is not currently being offered elsewhere in the market, or that the founders believe is being offered in an inferior manner.

https: //www. youtube. com/ watch? v=5 Hrq. BOirx 34 Facts and figures about startups

Founding - Am I an entrepreneur? ● Entrepreneur is a person who starts a business and is willing to risk loss in order to make money or ● one who organizes, manages, and assumes the risks of a business or enterprise.

Which characteristics should I have? 1. 2. 3. 4. 5. 6. 7. 8. 9. Passion & motivation Risk taking Self-belief, hard work & disciplined dedication Adaptability & flexibility Understand your offering – and its market Money management Planning (but not over-planning) Networking abilities Be prepared to take the exit 10. Be an innovator 11. “Think big” (make something you can sell to a big market).

Startups in Villach ● Add-e is a young startup which created a new system of e-biking. They developed an engine , which can be attached to a normal bike. ● Otelo is a open, and free technology lab which can be used for certain things. ● Build! tries to help people who want to found a startup.

Startups in Lithuania ● XSense (in Kaunsas): XSense is a helmet that combines audio-visual VR system and EEG sensors in one piece. ● Teampact. io: Teampact. io is employees’ unified and structured source of topmost company’s news. For example, employee wants to share news with colleagues, so he writes a post on Teampact. io. ● Tiny Lab Productions: The team came together to work on their first game — the strategy MMO Nebula 44, which has had an active user base for over three years!

Advantages of an entrepreneur: Advantages of entrepreneurship: The main advantage of the entrepreneurship is that you have many diffrent opportunities. You can be involved in any business branch or even create a new business idea. Another significant advantage is that you are free to do what you really want and what you`re really convinced of. ● ● ● Many different opportunities Create new businesses Earn a lot of money in a short time International contacts Advertisments

Disadvantages of an entrepreneur: ● A high risk ● A high investment is needed - find investors ● Shares on your business ● Lot of effort ● High costs for advertisement and employees Disadvantages of entrepreneurship: The main disadvantage of the intrepreneurship is the risk. Beside the high investment that is needed to establish a business, there is also no garantee whether the startup will be successful of not. Convincing investors is an other problem the entrepreneur has to face. Shares on your own business can also be a risk you have to think of.

How do you get money? Things to be aware of when you are seeking for investors: ● ● ● Write a business plan and ask for help from the government Take a loan (not the best way) Borrow from friends get to know with other entrepreneurs advertisement in public places create a website or facebook page

Ways of getting known to investors: ● Crowdfunding: Crowdfunding is the use of small amounts of capital from a large number of individuals to finance a new business venture. ● Bootstrapping: You are not seeking to get know to investors, but you try to finance your company's startup by yourself without anyone’s help.

Thank you for your attention!