It's only a startup when it can attain the hockey-stick growth. Otherwise it's just a sparkling hobby.
Having a hobby is great! The biggest difference is that a startup is intended to make you a lot of money, and maybe change the way people do things, so you work on it full-time, and a hobby is intended to make your life immediately more enjoyable, and costs you money.
A cargo ship and a pleasure boat have a number of things in common, but...
Most businesses make enough money but not necessarily a lot of money. Slightly fewer make decent money. It's not that common for a business to make its founders "a lot" of money.
95% of businesses are classed as micro in the UK. Small and micro is 99%.
Having a hobby is great! The biggest difference is that a startup is intended to make you a lot of money, and maybe change the way people do things, so you work on it full-time, and a hobby is intended to make your life immediately more enjoyable, and costs you money.
A cargo ship and a pleasure boat have a number of things in common, but...