Pros and cons of working at big companies
Many believe that working at well-established companies will guarantee financial security and flashy perks. Corporate environments are also popular for their clear career development and leadership styles, thus allowing better access to professional networking. Unlike working at green companies like startups, bigger organisations can provide a sense of comfort for those who work in it, especially people in higher positions.
It is undeniable that the benefits of working at big, well-established companies could be enormous. But, many also realize that corporate jobs are typically less challenging and less creative thinking. Big companies also tend to be less open to change because they are risk-averse. While this mindset could help maintain company stability, it might not be a good option for employees who want challenges and progress. Another reason why working at a corporate is tedious is because employees are seen simply as a number. When you are one employee of hundreds or even thousands, you might feel like a cog in a meaningless wheel.
Pros and cons of working in startups
Corporate jobs don’t give their workers a sense of ownership, loyalty and pride that a startup job can provide. The work environment at startups is more fun than those in well-established companies, such that you might not feel that you are actually working. A startup also provides their team with first-hand experience that any professional will treasure.
Working at a startup or even building your own startup venture is not about money, it is about the learning experience and the ability to work in a pressure situation, where each individual is responsible for getting it right. Toiling at a startup, in the long run, could shape you into a witty and true professional, who is not afraid of challenges and who is flexible and empowered enough, to work long hours, to make the difficult look easy and never give up.
The aforementioned facts, however, do not necessarily mean startup jobs are all good and well. Working at startups might give more pressure because you have to keep up with deadlines and its fast pace development. The team is also likely to work multiple roles at once, especially if the startup is still at the early stage.
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Why choose startups over corporate companies?
Talents who want to achieve something in life and not just work all their life for a measly retirement planning are always down to working with startups. Here is the list of the reasons why corporate talents are leaving for startups:
- In corporate jobs, you need to do the same thing every day, month after month and probably, year after year. No real challenges come across. At startups, you are given more responsibility, you come out of your comfort zone, you learn much more than years of working in a corporate job in a month or two at a startup. In the end, you will realize your true worth and potential.
- You are able to learn many things in many different areas of a business. From marketing to finance and from field work to sales and accounts, you learn a lot of things that are helpful in many ways in the long term. Basically, you will be able to learn things outside of your core field.
- At startups, there is usually less bureaucracy than in corporate structure. This means you do not have to shuffle from one office to another or one manager to another to get that one answer or approval. This kind of management helps to iterate quickly and make decisions at a faster pace. It makes you more responsible and accountable.
- More freedom. While playing the role of multiple characters and shouldering many responsibilities, you are given the freedom to complete the goals and objectives in your area in the way you see fit, mostly.
- At some point, working at startups could be more fun than working at corporates. Startups can potentially grow into corporates, but the culture will always be different and the environment is cool to most people. Meanwhile, bigger companies are not likely to open to change and be flexible like a startup.
- When the startup is successful, all your hard work will pay off very well. With stock options amongst other perks, your life just might change overnight. Also, if you are the owner of the startup, you will be one of the few people to live your dream.
- If you are an entrepreneur and have started your own firm or if you are working at a startup, you will be rubbing shoulders with people who have the real courage to pursue what they dreamt of, take risks and innovate to create real-world solutions that many people have dared not to.
- At startups, your effort, performance, and good work will be recognised and appreciated almost immediately. The ladder to success is long yet quick and you can climb fast if you are really good at what you do.
- You will get an ample amount of opportunities that might not come your way in the corporate structure so easily. These opportunities are life-changing at times and definitely boosts your self-esteem and morale in ways more than one.
- You will get an extensive knowledge of different areas in your field; you will get out of your limited knowledge spectrum to become an out-an-out expert in your niche. You will learn the importance of team, teamwork and be a part of a small yet tight-knit community.
- Startups usually work in a finance constraint environment, thus helping you understand the importance of money and instilling the basic principles and the value of money management.
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