In layman’s term, Start-ups are self-created business with people who have interest and an idea for it. Startups are innovative service centered ideas which are materialized to path of success via great effort and are learning experience for all. To create a start-up, no degree or ant specific educational qualifications are required. The most essential pre-requisite is a cleverly thought innovative idea. Entrepreneurship refers to all new businesses, including self-employment and businesses that never intend to become registered, startups refer to new businesses that intend to grow large beyond the solo founder. At the beginning, startups face high uncertainty and have high rates of failure, but a minority of them do go on to be successful and influential.
If you’re showing great interest in opening a start-up but don’t know on what idea to create the start-up, think about a day-to-day problem from which you might be suffering from. It could be the problem in finding a transportation service to reach work or it could be another problem. Start your idea. Use your skill in making it and then launch it. Always be motivated in your start-up never have the feel to give up. If you ever feel like giving up in your start-up then always thin what would have happened if the creators of Facebook, Twitter, WhatsApp, Snap chat, Uber, LinkedIn etc. would have thought of giving up. Imagine how our world would have been without these social media applications. All of these social media sites were also startups.
The creator of Facebook, Mark Zuckerberg, launched Facebook from his Harvard dormitory room just for his friends in harward to chat amongst one another. Later, the site expanded rapidly and eventually beyond colleges, reaching one billion users by 2012. Zuckerberg took the company public in May 2012 with majority shares. In 2007, at age 23, he became the world's youngest self-made billionaire. As of January 2022, Zuckerberg's net worth was $128 billion, making him the 6th-richest person in the world.
Since 2008, Time magazine has named Zuckerberg among the 100 most influential people in the world as a part of its Person of the Year award, which he was recognized with in 2010. In December 2016, Zuckerberg was ranked 10th on Forbes list of The World's Most Powerful People. This is just one story of Zukerburg if we go into the story of other entrepreneurs we will find similar stories. If zukerburg could do it you too can create a successful start-up. The key factors to launch a start-up are innovative ideas. Innovation leads to success.
