Question: What is the difference between a small business and a startup in entrepreneurship? A small business operates in traditional industries, while a startup operates in

What is the difference between a small business and a startup in entrepreneurship?
A small business operates in traditional industries, while a startup operates in technology-driven sectors
A small business is typically funded by personal savings, while a startup seeks external funding
A small business has a hierarchical organizational structure, while a startup has a flat and flexible organizational structure
A small business focuses on providing goods or services to meet local demand, while a startup aims for rapid growth and scalability

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