Every millennial has at least one friend who raves about the startup they work at. One day, you are sitting at happy hour commiserating about your work woes and the next thing you know, they’re an executive at a startup with a six-figure salary. They skyrocketed to success before you could even catch up on the latest season of Orange is the New Black! Startup success stories may leave you wondering if the startup life is for you, so we have thought of a few pros and cons for you to consider. Everyone is different and has unique career goals and needs, so remember, one path that works for a pal may not work for you!
If you are looking to skip a few steps in your career, then the right startup opportunity might be a quick way to progress. Startups are generally pretty small staffing wise and the smaller the company, the more responsibility you will be given. This can mean rising up in pay and title much quicker than at a larger company. This will allow you to grow your skills and gain plenty of experience as you will likely be wearing a few different hats.
When working at a larger corporation, you might not ever meet the decision makers. In fact, your boss might not either, which could leave you both with less flexibility when it comes to negotiating things like your hours, working from home, and time off. At a startup, you are probably pretty friendly with the boss and will be able to communicate your needs with someone who actually knows your name. There is also likely no rigid structure in place yet which means more flexibility for you.
Getting in on the ground floor of a startup could mean you get to be a part of building the next Fortune 500 company. By being there at the beginning and being a part of the initial success, you open yourself up to opportunities you might never see at an established company. Your ideas are more likely to be heard and valued and you will have a better understanding of how the company works as a whole. A startup can be a crash course in business that you can learn invaluable lessons from.
All of that extra responsibility can lead to being overworked and overstressed. If you are working at a startup, you can pretty much guarantee you won’t be working a normal nine to five. If working more than 40 hours a week will conflict with important areas of your personal life, a startup may not be the ideal fit.
Joining a startup is a little bit of a gamble. It’s a gamble that can pay off big time, but it can also cost you a lot. While no job is ever 100 percent secure, startups are even less so. None are guaranteed to succeed and finances may be tight which does not bode well for job security.
No Clear Path
When employed at a large corporation, you can somewhat predict your career progression at the company by learning about the path of one of the senior members on your team. You can even ask your boss where they see you progressing in the company, but at a startup, they don’t know where their company will be in a year, let alone what your role will be.
Does working at a startup appeal to you? Or would you rather climb a ladder at a global corporation?
featured image credit: Stock That Rocks
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