Pros and Cons in Working for a Startup

Massive lay-offs, economic meltdown, fast technology, and a lot more resulted to a lot of startups nowadays. And it’s a good thing! While necessity is said to be the mother of invention, it’s been proven time and again that scarcity is the father of innovation.

For corporate employees who felt the boredom, some misdirection in their career or simply looking for a brand new start, they find it enticing to try and join a startup company for a more challenging niche and it seems to be a wonderful opportunity. For college levels who maybe on the lookout for work, startups have been proven to be a great place to start. And for everybody else out there, startups can provide a great training ground if you also envision yourself to be an entrepreneur someday.

Before jumping into a quick decision for yourself though, let’s have a quick look at the advantages of working in a startup:

·  Aside from a salary, you may also have the opportunity to have equity in the startup. Even having just a 1% share in a company is great, most especially if it gains traction and grow into a billion-dollar company. Just think about WhatsApp!

·  You’ll have the opportunity to work in all facets of the business. In a corporate environment where all systems are already in place, expect to do the specific role you’ve been hired for over and over again. Not so in a startup.

·  You’ll learn to work in a fast-changing environment. Yes, and that means really FAST!

·  You’ll be working in a small team which will require all the focus and creativity that you have. Expect to work with the founders, and all the other teams – which are most probably just one-man teams. Why is this a good thing? You’ll be able to learn a lot and pick the brains of the best people in a startup.

There are some downsides as well:

·  It is too risky as the startup will be launching a product or service in a totally new and untested market. So this means that as success is highly hoped for, failure can prove to be inevitable at times.

·  Expect to get a lower salary. As most startups are not usually profitable at first, expect to get only a small salary. Not only that, don’t expect to have the perks that are normally given by more established companies.

·  You’ll be expected to handle more responsibilities as your team is small. Working in a startup is not like working in the more usual 9-5 jobs. Expect to clock in more hours and do more tasks as all of you try to make the best of the limited resources that you have.

·  You are usually on your own. Don’t expect to have anyone watching over you, or telling you what to do. It is expected that you already know what you’re doing to get the results that the startup need.

If you want a more structured environment where the rules are defined and the systems are already in place, a startup may not be for you. But if you want the challenge and level up your entrepreneurial spirit, working in a startup is the best way to go!

 

Read also: 3 Reasons Why I Love Interning at a Startup

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Article contributed by Startup Jobs Asia‘s Team.

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