Advantages & Disadvantages of Working With a Startup

Working With a Startup“Chase the vision, not the money; the money will end up following you.” – Tony Hsieh, Zappos CEO

“Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do.” – Steve Jobs, Co-Founder, Chairman and CEO, Apple

These are many inspirational quotes by entrepreneurs who have made it big in the world of business. Many of the multinational corporations which you see now have been started in a garage with little funding, but by young entrepreneurs. Gone are the days, when a large business magnate was more than fifty years old. In recent times, younger-than-30 years CEOs are common and the surprising fact is that they have made a splash in the big whirlpool of business and redefined old traditions and norms.

However, if you are a job aspirant, fresher or experienced, the choice for working in a start-up should never by hurriedly made. Uncertainties will be more and there are more chances that you will be asked to work for more than one job profile. You will be asked or have to do other’s duties when they are in leave, and you have to compensate for other than your own responsibilities. If you are one with low energy and have a 9 to 6 mental attitude, then the job is not for you.

These organizations are begun with an idea and out-of-the box thinking, but the advantage – you can learn the basics of any job profile here. Unlike in a large organization, where you would be entitled to a specific job profile, and you would be working the same for decades, unless the project is changed; in a start-up, you would be held accountable for many jobs.

In recent times, after 2010, a start-up is preferred by many, as in the recruitment, they do not look at the past record and are ready to start with freshers. And they are not interested to hire students from elite business schools.

However, the recruitment tests will be tough. The CEO of a start-up will want employees who can contribute to the project and not just a title with many years of experience. If you are one who can easily grasp details and can walk the mile by yourself – then the best job you can opt for is a start-up. Also, your work will be easily recognized as the team will be small.

Going by the list of employees in start-ups, you would be surprised to find that many of them came through referrals. The main point – the Human Resource Department will not take a chance against employing workforce who cannot fit in their realm. While, through a referral, the present employee knows the ‘whys’ of company; he/she can select the best job aspirant preferable for a job.

It is vital that if you are a fresher, you have to ask many questions to the HR manager in a start-up. The main reason – if the idea does not work out – then you can be easily given the pink slip. You have to be more cautious while signing on the dotted line. Some start-ups announce stock options to their work force. The reason – your wages will be lesser than the norm.

You can either by paid salary as the company in the initial stages will be dependent on projects. The revenue or profit earned will be diverted towards advertisements and product development instead of bonuses or appraisals. In case of poor funding or loss, the paychecks may not come on time.

There will be no rules and regulations in place and there are chances you will be a part of agreements and arguments. There will be no handbook to teach you nor a knowledge tool where you can learn by yourself. You will be required to learn on the job.

There will be no fixed target. The priorities will change every now and then. One week, you are targeting at a different website or project and suddenly you will be asked to shift to another project. Changes are the norms of day in start-ups.

Vana Sathya Sree is interested in writing articles on health, pets, history, martial arts, traveling, technology etc.