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The Business Model of Start-Up—Structure and Consequences

Department of Management, University of Economics in Bratislava, 851 02 Bratislava, Slovakia
Adm. Sci. 2019, 9(3), 69; https://doi.org/10.3390/admsci9030069
Received: 18 June 2019 / Revised: 26 July 2019 / Accepted: 5 September 2019 / Published: 9 September 2019
(This article belongs to the Section International Entrepreneurship)
A start-up already at its origin has to solve the crucial existential condition that is a viable business model. The purpose of the research is to deepen and expand the knowledge about the structure of the start-up business model and its impact on entrepreneurial performance. Field research was carried out in three stages over one and a half years. The source of knowledge about the studied start-ups has been the personal experience recorded in the questionnaire. Start-ups are small closed communities that do not sufficiently shape external partnerships, cannot reach the customers, although they can identify them well enough, try to improve the business model blocks but they do not pay attention to their coordination and perceive the monetization in a simplified way. The impact of the business model on start-up performance has been confirmed but the internal blocks affect business performance unambiguously over the three stages of the research. The best conversion of users to customers and subsequently to revenues are distinctive for the start-ups with their own simple distribution channel and partners who are experienced distributors. The lessons learned can directly improve the results of start-ups when their incompleteness and imperfection will be substituted by appropriate partners. Start-ups provide a space for the new jobs and the self-realization of ambitious people with a sense of service for society. Empirical research on start-ups identifies their weaknesses and possibilities to increase their entrepreneurial performance. View Full-Text
Keywords: start-up; business model; canvas; business performance; conversion start-up; business model; canvas; business performance; conversion
MDPI and ACS Style

Slávik, Š. The Business Model of Start-Up—Structure and Consequences. Adm. Sci. 2019, 9, 69. https://doi.org/10.3390/admsci9030069

AMA Style

Slávik Š. The Business Model of Start-Up—Structure and Consequences. Administrative Sciences. 2019; 9(3):69. https://doi.org/10.3390/admsci9030069

Chicago/Turabian Style

Slávik, Štefan. 2019. "The Business Model of Start-Up—Structure and Consequences" Adm. Sci. 9, no. 3: 69. https://doi.org/10.3390/admsci9030069

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