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Social Startups | Entrepreneurship

A social startup is a way for entrepreneurs to combine commerce and social issues. According to an expert, the primary aim of starting and running a social startup is to address societal problems and make a positive impact in the community, Read more.<br>

kendrickelkins21
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Social Startups | Entrepreneurship

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  1. Types of Startups in Entrepreneurship

  2. According to Kendrick Lamont Elkins, an experienced marketing strategist and successful non-profit executive, entrepreneurship is the backbone of socioeconomic prosperity. It improves living standards and creates wealth by allowing you to ditch your traditional 9-5 job and use your ideas to develop and maintain a successful business.

  3. Small Business Startups Small business startups are the most common types of startups in entrepreneurship. According to Kendrick Lamont Elkins, small businesses vary in size, operations, and capacity for growth.

  4. Scalable Startups An entrepreneur who launches a scalable startup enters the large market by introducing new products and services with unique features.

  5. Buyable Startups Entrepreneurs launch a startup by creating and selling products and then selling the company for a higher profit. So, as the name indicates, buyable startups’ primary objective is to generate revenue and sell the business for more money.

  6. Social Startups Social startups allow entrepreneurs to combine commerce and social issues. The primary objective of launching and running a social startup is resolving societal problems and creating a positive impact on the community.

  7. Startups are a touchstone of a country’s socioeconomic growth, and entrepreneurs play a crucial role in running the economic wheels. There are different types of startups in entrepreneurship. Each comes with its own pros and cons. Therefore, Kendrick Elkins recommends performing thorough research to choose the one that best aligns with your business goals. That way, you can create value for consumers, generate profits, and bring sustainability to the socio economic sector.

  8. Thank You

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