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However, startups can also operate in other industries, such as healthcare, education, or retail. Startups are often founded by entrepreneurs who are passionate about a particular problem or idea. Founders will typically have a vision for how their product or service can solve a problem or create value for customers. A key challenge for startups is to find product-market fit, meaning that there is a strong demand for their product or service. Startups typically have limited resources and will need to focus their efforts on developing a product that solves a clear problem for a specific target market. Once a startup has identified product-market fit, it can focus on scaling its operations and expanding its customer base. Startups will typically have a lean organizational structure, with a small team of employees or contractors.

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