What do you think the critical difference between a startup and a small business is?

Adding to that, how do you differentiate an entrepreneur from a small business owner?

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I differentiate startup vs small business based on growth and funding goals. I think startups usually have a grow or die imperative, and smbs are comfortable generating a profit with little re-investment.

I think all small business owners are entrepreneurs by definition.

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Many people consider growth rate to be the defining characteristic of startups. I’ve heard things to the extent of “the only point of a startup is to grow fast.” This is why many internet product companies are considered startups. Much easier to scale than other types of companies like services

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Ability to scale up quickly.

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