Startups are extremely fast-paced environments with tons of opportunities. There are three ways a startup can go – get ready for the massive IPO, sell their startup or fail. However, if a startup picks up well, it offers tremendous scope to learn in a short span of time.
Startups are unique environments to work in. To know if they’re suitable for you, here are five things you should know before working at a startup:
At startups, you may be expected to take up different roles. Depending on deadlines, you’ll be shuffled around, even if it’s a stretch from your educational background. It’s really all hands on deck. This is a great opportunity to work in fields not related to yours. As students, you get to explore other job opportunities as well.
Internally, startups are extremely flexible. Startups often change their mission statements with a new investor or a little growth. Also, mergers and infusion with other companies do happen when high investments are at stake. If you want to accelerate your career in a short span of time, a startup environment will help you do that. It can be a smart way to start your career before diving right into the corporate world.
When you join a product-based startup, the product is going to be a lot like having a baby. From the start to the finish you need to have faith in the product/software. If you don’t believe in the product, you won’t be able to sell it. So, experience the product, ask yourself “What does this startup offer that is so unique?” If you truly believe it makes an impact in somebody’s life, then that startup is the one for you!
Every startup defines this differently. The founders define it depending on how they envision the company to grow. When you apply for a job at a startup, don’t forget to see if you would fit in. This criterion is important for them to hire you as well. So, don’t fake it in an interview. Showcase your personality and let them determine if you will be a good fit in the company. Culture is important for startups. On the whole, it’s this factor that makes a startup work like a family.
This one is critical. You would want to work for a startup whose founders have goals similar to yours and with ideals that are similar to yours. They should not be so obsessed with themselves that they forget their employees who helped them grow during the initial stage. The company’s founders will be your mentors. You get an option to choose. So, choose wisely.
A corporate workplace might initially pay more than a startup. Big companies also offer several mainstream benefits. The most comfortable option would be an MNC. However, the learning curve is bigger at a startup and you get a front-seat view of what actually goes into building a company – something the future entrepreneur in you can definitely use.