Start-ups are budding companies that are founded to develop and market a product or service. Start-ups are typically rooted in innovation and they are likely to address deficiencies of an existing system. Start-ups create new categories of goods and services. They work like any other company. However, in a start-up, some employees work together to launch a product or service. This is thought of, created, and launched fairly fast. A start-up can be managed by a single person too. Start-ups aim at building on ideas very quickly. At times, start-ups may begin with a basic skeleton of a product until it’s ready to go to market.