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Please name the three (3) types of start-up firms and provide one example of real companies which exist in each of the catego
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Answer #1

Three types of start-ups are as below=

Start-Up Firm #1: Salary-Substitute- This is the start-up in which the main focus of the entrepreneur is to earn the money or income which is similar or equal to what could be earned if he or she were working as an employee in any other organization.

Start-Up Firm #2: Lifestyle Firms- This is the start-up in which entrepreneur strives to attain a certain lifestyle and earns a certain amount of money while performing so.

Start-Up Firm #3: Entrepreneurial Firm- This is the start-up which develops a new product, idea or service for the customers after identifying the different business opportunities irrespective of the available resources

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