Directions: Read each statement and decide whether it is SME or Startup.

It is often technology$-$based.

$q,$

It is trying to do something new, not just improve on existing solutions.

$q,$

It often uses new technologies and innovations to customers.

$q,$

An independently owned and operated enterprise, designed for profit and sells known products to known customers. $q,$

A company that has novel ideas, the ability to quickly capture a big market, and potential to disrupt an industry. $q,$

It usually relies on the local market to find employees.

$q,$

It tends to have slower, more lineal growth, but it is normal for it to see short$-$term results and profits as the start of its activity. It is usually aimed at earning money as soon as possible. $q,$

It often seeks external funding from investors or venture capitalists to fuel its growth.

$q,$

A company in early stages of development that seek to scale quickly and grow in an emerging market or new market. $q,$

It is characterized by a more experienced team and a more conservative mentality. Its main objective is to generate profits and grow in a sustainable way $q,$

It operates within established markets with known demand, which offers a certain safety net. However, this also means they might face stiff competition and slower growth. $q,$

It aims to create scalable business models that can be replicated and expanded rapidly.

$q,$

It operates within known and established industries, focusing on delivering tried and tested products or services. $q,$

$135-310$ Business in ASEAN