Regular project vs. The Up Start: Analysis of the differences according to the vision of Dr. Nihad Farouk

Regular project vs. The Up Start: Analysis of the differences according to the vision of Dr. Nihad Farouk

Normal enterprise: focus on profit and limited service
Ordinary projects come with a traditional business model that aims to achieve profit without distinguishing itself with a new or innovative idea. These projects rely on providing familiar and well-known services or products in the market, ensuring that specific needs of consumers in the community are met. For example, a supermarket offers a variety of consumer products to residents of the neighborhood or local area, without offering anything new that sets it apart from competitors.

The Up Start: innovation and the pursuit of market control
On the other hand, Up Starts are those companies that seek to bring a new and innovative idea to the market. This type of project is characterized by technological or intellectual innovation, as it aims to solve existing problems in the market or significantly improve available services. Up Start seeks to provide services that represent a fundamental improvement or change in how customers' needs are met. For example, delivery applications that allow users to order food or goods online and have them delivered to their door in a short time, represent a new idea that meets new needs in the market in an efficient and innovative way.

Challenges and opportunities for innovation in Up Start
Innovation in Up Start comes with its various challenges and opportunities, as it requires innovative startups to think deeply and be prepared to adapt to market changes and customer requirements quickly and effectively. Up Starts have to think beyond tradition and use technology and innovation as key tools in achieving their success and survival in a competitive and dynamic market.

These points reflect the analyzes and views of Dr. Nihad Farouk, an expert in the field of entrepreneurship and innovation, who highlights the importance of uniqueness and innovation in building successful and sustainable projects in the contemporary business world.