A small business, also called a mom and pop store by some in the United States, is a business that is privately owned and operated, with a small number of employees and relatively low volume of sales. Small businesses are normally privately owned corporations, partnerships, or sole proprietorships. The legal definition of "small" varies by country and by industry, ranging from fewer than 15 employees under the Australian Fair Work Act 2009, 50 employees in the European Union, and fewer than 500 employees to qualify for many U.S. Small Business Administration programs.  Small businesses can also be classified according to other methods such as sales, assets, or net profits. United Statesbusinessemployeescorporationspartnerships sole proprietorships Fair Work Act 2009Small Business Administration  Small businesses are common in many countries, depending on the economic system in operation. Typical examples include: convenience stores, other small shops (such as a bakery or delicatessen), hairdressers, tradesmen, lawyers, accountants, restaurants, guest houses, photographers, small-scale manufacturing, and online business, such as web design and programming, etc.convenience storesbakerydelicatessenhairdresserstradesmenlawyers accountantsrestaurantsguest housesphotographers manufacturing Small business From Wikipedia, the free encyclopedia
mom-and-pop [mom-uhn-pop] Show IPA adjective, noun, plural mom-and-pops. adjective 1.of or pertaining to a small retail business, usually owned and operated by members of a family: a mom-and-pop grocery. 2.of or indicating something, as an enterprise, investment, or project, that is independent, small in scope, and modestly financed.independent http://dictionary.reference.com/browse/mom-and-pop
These definitions, however, do not helps us evaluate how NTCR can participate effectively in the Startup process.
Startup company From Wikipedia, the free encyclopedia A startup company or startup is a company or temporary organization designed to search for a repeatable and scalable business model . These companies, generally newly created, are in a phase of development and research for markets.company developmentmarkets The term became popular internationally during the dot-com bubble when a great number of dot-com companies were founded.dot-com bubbledot-com companies
Crowd funding From Wikipedia, the free encyclopedia Crowd funding or crowdfunding (alternately crowd financing, equity crowdfunding, or hyper funding) describes the collective cooperation, attention and trust by people who network and pool their money and other resources together, usually via the Internet, to support efforts initiated by other people or organizations.  Crowd funding occurs for any variety of purposes,  from disaster relief to citizen journalism to artists seeking support from fans, to political campaigns, to funding a startup company, movie  or small business  or creating free software. Another aspect of crowd funding is tied into the JOBS Act which allows for a wider pool of smaller investors with fewer restrictions. The Act was signed into law by President Obama on April 5, 2012. The SEC is going to have approximately 270 days from the enactment date to set forth specific rules and methods to ensure that funding will actually take place. Internetcitation needed  disaster reliefcitizen journalismstartup company  free softwarecitation needed
Start-Up Company A company in its earliest stage of development, usually before its IPO. Start-up companies concentrate on product development and build-up of capitalization. IPOcapitalization Nearly all start-up companies operate at a loss, at least at first.loss Some start-ups go through a period where they have no revenue at all.revenue Start-ups spend their time perfecting their business plans and developing products that will eventually be sold on the open market.business plansopen market Most start-ups rely on venture capital or loans to continue operations during this phase.venture capitalloans http://www.thefreedictionary.com/
Definition of 'Startup' A company that is in the first stage of its operations. These companies are often initially bank rolled by their entrepreneurial founders as they attempt to capitalize on developing a product or service for which they believe there is a demand. * - Due to limited revenue or high costs, most of these small scale operations are not sustainable in the long term without additional funding from venture capitalists.term Investopedia explains 'Startup' In the late 1990s, the most common type of startup company was a dotcom. Venture capital was extremely easy to obtain during that time due to a frenzy among investors to speculate on the emergence of these new types of businesses. Unfortunately, most of these internet startups eventually went bust due to major oversights in their underlying business plans, such as a lack of sustainable revenue. However, there were a handful of internet startups that did survive when the dotcom bubble burst. Internet bookseller Amazon.com and internet auction portal eBay are examples of such companies http://www.investopedia.com/terms/s/startup.asp#axzz1uC03nSkd
How Do You Define "Startup"? By Audrey Watters / July 12, 2010 09:00 AMAudrey Watters http://www.readwriteweb.com/start/2010/07/how-do-you-define-startup.php As CEO Mark Babbitt writes in the post, it seemed to make sense to start with Steve Blank's definition: "A startup is an organization formed to search for a repeatable and scalable business model."Steve Blank But Babbitt felt as though that definition wasn't quite sufficient, as it didn't really speak to the importance of the entrepreneur within the startup. So YouTern's definition was expanded to read "a startup is an entrepreneurial-driven organization formed to search for a repeatable and scalable business model." To that definition, Babbitt also adds an element of mitigating risk as, he write, "some would argue that a certain amount of risk is central to the development of most start- ups, as is innovation." So startups involve risk and innovation - but arguably most successful businesses do. Defining "startup" is necessary for YouTern as the company's mission is to work with those businesses. For others, perhaps, a strict delineation is less important. But I am curious. Is it, to paraphrase Supreme Court Justice Potter Stewart, one of those "I know it when I see it" sorts of things? Please contribute your definition of "startup" below!
A startup is a human institution designed to deliver a new product or service under conditions of extreme uncertainty. Startup Lessons Learned by Eric Ries http://www.startuplessonslearned.com/2010/06/what-is-startup.html vmNOTEThis is a really good article to take some time and read. – Great insight. Startups are designed for the situations that cannot be modeled, are not clear-cut, and where the risk is not necessarily large – it’s just not yet known. I emphasize this point because it is necessary to motivate large amounts of the theory of the lean startup. Fundamentally, the lean startup is a methodology for coping with uncertainty and unknowns with agility, poise, and ruthless efficiency. It is a completely different experience from the equally hard job of executing in a traditional kind of business, and my goal is not to disparage those other practitioners – after all, most startups aspire to become non-startups someday.
The CrowdCo Mom & Pop Asset Finance /Working Capital Market Penetration ??? Enterprise Equity R&D prior to market Market Penetration Incubator Services Intro. to Angels VCs NTCR Provides: Initial marketing services along with non-equity, equity CrowdFunding and CrowdLending NTCR Provides: Initial marketing services along with non-equity, equity CrowdFunding and CrowdLending NTCR Provides: Full service incubator support and investor monitoring of all CrowdFunding Activities during the first 2 years of CrowdCo lifecycle. NTCR Provides: Full service incubator support and investor monitoring of all CrowdFunding Activities during the first 2 years of CrowdCo lifecycle.
Defining CrowdCos comes back to finding the “Added Value” NTCR can bring to the table. NTCR is a CrowdCo that supports CrowdCos What a happy dilemma Defining CrowdCos comes back to finding the “Added Value” NTCR can bring to the table. NTCR is a CrowdCo that supports CrowdCos What a happy dilemma
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