Nowadays, we see many startups falling apart. However, this doesn’t mean that one shouldn’t work with a startup at all. In fact, startups could give employees some really valuable skills, experience, and tips on how to succeed in their field. Even if a startup fails, an employee can walk with some valuable knowledge and skills.
In this article, we’ve taken an objective look into whether or not you should with a startup company:
1. Less Job Security
Startups are looking for the perfect fit for their company. Unfortunately, they don’t always have much experience in employee training, benefits, or how to retain good employees. Hence, there’s a high chance that an employee is hired quickly, but also fired just as fast.
In order to somewhat alleviate this problem, one can always demand that they see the full job description before accepting a job at a startup. Knowing just what a job entails can better help potential employees decide whether a position is even suitable for them or not.
2. Lower Salary, Fewer Benefits
It’s an obvious fact that startups usually have much less money than an established firm. Plus, the benefits might not even be in place yet, other than free insurance. This, combined with the unstructured hours, may take a toll on your personal life.
3. Learning To Balance Your Work With Your Life
Startup culture is different from that of an established business. Once you enter into a startup, you would see the absolute passion of the people running it. The dream of making it big or launching a unique product or service is exhilarating. The workforce, including the owners and partners, is bent on making the startup a success. This could mean odd hours, overtime, and a large amount of dedication.
If you enter a startup, you would probably become well prepared for whatever it takes to get the company up and running. If you can manage your life along with working for a startup, it’s highly possible that you would have a good grasp on your work when things settle down.
While the startup’s salary and benefits might not be as attractive as larger companies, there are other perks available. Employees may end up appreciating these more than a conventional salary or a benefit package. For example, a startup may be more open to hiring remote workers, enabling their employees to work from home.
Other perks may include an open leave policy, free meals, discount vouchers/coupons, or even a partial ownership of the company itself. Other than these, some individuals may even like working for a startup because of the lenient policies and enthusiasm.
It’s no secret that working for a startup is usually more meaningful, as you have the feeling of actually creating something. This is much better than working in a cubicle as just another cog in the wheel.
5. Developing Experience
Depending what kind of worker you are, a startup culture could throttle you or be the means through which you shine. If you are the latter kind and don’t get turned off by a sink or swim environment, then the benefits are plentiful. When you work with a startup, you are immediately thrown into the main workings of the system. There is little or no training, yet everyone has to give their best.
In some ways, working at a startup really fills out your resume. The more responsibilities you manage, the more skills you develop. So even if the startup of your choice fails, you can walk away being a better person and a better employee. This would make you ready and raving for whatever life chooses to throw at you next.
Startups usually have a stressful environment, but not necessarily a negative one. While working with a startup has its risks, it may be the best decision of your professional life. However, before deciding to even applying to a startup, one should take stock of themselves. If they feel like they are the kind of person to thrive in a startup culture, they should take the plunge. If not, then it’s better to stick to something safer.
At the end of the day, if you are just entering your field of interest, beginning at a startup is quite a good decision. It can help you to make your resume and yourself more well-rounded and impressive to potential future employees. Who knows, the knowledge and expertise might even come in handy when starting off your own business!