Understanding the Difference between MSMEs and Startups
Small businesses play a crucial role in any economy, driving innovation, creating jobs, and contributing to economic growth. In recent years, two terms that have gained significant attention are MSMEs (Micro, Small, and Medium Enterprises) and startups. While both are essential for economic development, there are distinct differences between the two. In this article, we will explore the disparities between MSMEs and startups.