Why Search For Your Next Job At A Startup?
- Guest Author
- February 2, 2017
- Job Search
- No responses
Everyone seems to be excited about startups these days. The widely conceived assumptions that people working at startups are constantly innovating and working on cool ideas is what attracts fresh graduates to leave their plum pre-placement offers and opt for a rather lesser-known startup. But is it really such a good idea? What is it like working at startups? Let us examine.
Startupization: a name given to a social movement that promotes entrepreneurial spirit and startup culture of working. According to figures from GEM Global Report around 100 million businesses are launched every year. This number comes down to over three businesses every second. Every day more brilliant professionals, coders, and wannabe entrepreneurs are racking their brains to create new products. The purpose of these products can vary from being purely commercial to altruistic. The number of startups is increasing every year, and so is the number of employees working in these startups. However, the first question that arises is what sets apart a startup from a normal company?
How are startups different?
To understand a startup, we must first know that not any newly founded company can be called a startup. Neither does having venture funding, or an exit strategy or being technology oriented gives the company a right to be called a startup. Startups are growth oriented organizations, designed to grow fast. Millions of new companies are founded every year across the world. However, most of these companies are services businesses, providing various services, not overtly concerned with scaling or growing.
Startups, on the other hand, have a different DNA altogether. They thrive on novelty. They must work on an idea that has a wide market, but yet has been somehow overlooked by the established players. In the same line, the people who work at startups are not driven by a need of employment. Instead, they work on solutions to questions which are going to become everyone’s problem in the future. Their foresightedness and ability to solve these problems are what sets them apart from the crowd.
What does a startup have to offer?
A startup company provides its employees with an exciting environment, scores of learning opportunities, decision-making powers, and a chance to see your work generate value in terms of customer acquisition and raised capital.
You are valued
Startups are often bootstrapped and therefore they only hire when absolutely needed. The truth is, if your work wasn’t important to the company’s core vision, then it wouldn’t really exist. The work you do at a startup is actually appreciated and essential to its success. Nothing more motivates an employee then knowing that his work can make a significant difference to a company’s future.
You will learn new skills
Not enjoying the luxury of hiring a separate employee for every separate business function or operation can be a good thing in the hindsight. In favor of ensuring financial stability, almost every employee at a startup is required to multitask and handle multiple responsibilities. There are no limitations or set responsibilities & your designation or the role you were hired for seldom matters. At a startup, you will be doing things that you have never any experience before. This constant learning of new skills will keep you rejuvenated and excited about the work. If venturing into a previously uncharted territory is your thing, then you will definitely enjoy your stint at a startup.
You can quickly get promoted to a top position
Since most startups are either bootstrapped or run with limited funding from VCs, they make it a point to make optimal use of their resources, especially their employees. Therefore, when it comes to heading key positions, the first place where startups look for talent is within their teams. If you can work tediously and diligently it wouldn’t be hard to rise and shine and get promoted to a high-level position like CTO or Director IT Department. Alternatively, if you are already working in such capacity at a startup, you can apply for similar positions in other startups also.
You will love the atmosphere
The work culture of startups has now become a part of folklore. Whether it is writing a piece of codes while sipping your favorite beer or catching up with some X-Box fun in between the marathon brainstorming sessions, working at a startup is certainly more fun than a major corporation. With less number of employees, everyone knows each other in a startup, working together like a close knit family led by a common goal. Communication is more open since everyone’s opinion is valued.
With so much activity happening all the time, one can never get bored of working in a startup environment. Companies like Facebook, Google, and LinkedIn all have played an important role in popularizing the startup way of working. That is the reason partly that career in Facebook and similar companies are so sought after.
However, anyone looking to pursue an employment opportunity with a startup must also consider the following points:
Every startup can’t, and won’t be a success a la Facebook or Instagram
If your sole motivation to join a startup was to exit as a rich multi-millionaire once your company acquires the same market evaluation as Facebook or Instagram, then you are in for some serious disappointment. Nine out of 10 startups end up as failures. A Harvard study revealed that 75 % of startups are destined to fail, out of which 25 % fail in their first year. While every startup and its founders work hard on some or the other breakthrough idea, it doesn’t always work out as planned. Therefore you must be prepared with a contingency plan so as to minimize the effect of startup failure on your career.
Saurabh has written this article keeping in mind the needs of the job seekers community, to help them be a better professional. His write-ups extensively cover all the aspects of job searching and working life, right from subscribing to new jobs, to getting ready for an interview, and working at an office. If you want to read more of his articles, follow him on, LinkedIn and Twitter