5 Things You Should Consider Before Joining A Startup
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Starting your career at a startup seems like a great idea: being exposed to a variety of work, having high potential for learning and growth, working with smart people. The list goes on and on.
However joining a startup isn't for everyone.
Working for a startup will change your life in many ways, mostly for the better but some not so much.
Before you make what can be a game changing decision — jumping from your 9 to 5 job into the crazy world of startups — here are 5 things you shouldn't ignore when thinking about working for a startup.
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1. You need to be ready to work hard
Startups are usually lean organizations with limited resources. As a result, employees have to work harder than they would at most other companies. They might have to take on multiple roles at once or pull longer hours than they're accustomed to. The pace can be intense and stressful — especially when deadlines loom large — but it's also usually very rewarding because you get immediate feedback on your work in terms of how much value it creates for the business.
2. You need to be willing to take risks
In many ways, startups are risk-taking machines — they experiment constantly in order to find out what works and what doesn't, often without knowing whether their ideas will succeed or fail until after they've attempted them (and sometimes even then). This means that all the time spent thinking about how something should work is only.
3. Startup culture is different
Startups tend to have less structure than larger companies, so work at one can feel more like a hobby than a job. You'll likely work long hours and have little direct supervision, which means that your success will often depend on your self-motivation. If this sounds appealing, great! But if it doesn't, then maybe joining a startup isn't the right choice for you.
4. You'll likely earn less money at first (or for a long time).
The salary at a startup is usually lower than what you'd make at a big company; it's also often not guaranteed. You could end up making more money in the long run if your company does well but there's no guarantee that will happen — especially in the early years when everyone has high hopes but few resources. If you take this route, make sure your savings accounts are healthy so that if things don't go as planned, you won't be left penniless while trying to pay off your student loans or credit card debt!
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5. You'll have less stability
Working at a startup means that you're working for an organization that may not be around in six months or even one year. Because these companies tend to be smaller than their competitors, they don't always have the resources to pay employees during slow periods or when they're struggling financially. This can lead to some pretty stressful situations where workers aren't sure if their paycheck is coming next week or if they'll get fired at any moment.
Ultimately, you need to ask yourself what your priorities are. You need to consider if you want freedom and flexibility in your work schedule, or if you prefer the steady paycheck of a larger company.
You also have to consider what type of culture you prefer to be involved in, and if there are any opportunities for advancement available in your current position.
Startups can be fun places to work that have a lot to offer their employees, but they are not for everyone. Make the decision that is best for you and see where it leads."