The particular Perks plus Drawbacks associated with Working for Startup company Companies
If given the opportunity to choose a company to work for, would you opt for Ford Motor Company or a startup version of that firm? Undoubtedly, who could resist working for Ford Motor?
Honestly, in certain phases of our lives, we simply can’t resist setting our sights on large corporations and industry leaders. Who wouldn’t? With their advertising and the growing reputation of being “number one” in their respective fields, it’s tempting to submit your resume to these top-rated companies. However, aside from the fact that applying to these companies involves fierce competition and a meticulous selection process, you need to realize that your professional success doesn’t solely depend on the success of the company you work for.
If you are up for a more challenging environment, why not consider working for a startup company? However, like any other career path, working for these firms presents both positive and negative aspects. Here are some of them:
You Can Make a Mark When Working for a Startup Company
Since the size of a startup company is relatively small, chances are you will report to someone who’s next in line to the boss. If the company is still in its initial stages, you might even report directly to the boss. With this setup, there’s a greater opportunity for your ideas to be heard and valued. Consequently, your contributions (if proven useful and profitable) can directly impact the company’s success.
The Trade-Off
As your ideas can directly influence the company’s standing, you also bear direct responsibility for the company’s failures. This can be challenging for risk-takers and those who thrive on challenges. More pressure and accountability rest on your shoulders if you are directly responsible for various aspects within a company.
Room for Versatility
Since startup companies offer more opportunities for training, you can learn a little about everything. Due to the availability of diverse tasks, you get to enhance your skills and broaden your capabilities. As we know, startup companies have a limited number of employees. Consequently, there are instances where you’ll be asked to perform various roles.
The Drawback
Like any position, being a “jack-of-all-trades” has its pros and cons. While performing different tasks is valuable, it may hinder you from specializing in a particular role or function. This could dilute your strengths and ultimately result in mediocre-quality work.
Camaraderie
Working for a startup allows you to create a “new family” within the confines of your workplace. Since startup companies are typically small, there’s a greater likelihood of knowing everyone. Consequently, you can establish friendly relationships even with your superiors, who might also mentor you in your role.
The Complication
The challenge of being “close” to colleagues within the organization is that it blurs the lines between being “professional” and being “personal.” Additionally, due to the more relaxed and laid-back atmosphere, work quality may sometimes suffer.
Greater Sense of Achievement
Being directly responsible for the tasks you handle is highly rewarding, especially when they succeed. The sense of accomplishment is tangible, particularly if your contributions significantly contribute to the company’s success.
The Trade-Off
You may experience great pride for a job well done, but the same applies when a project you handled falls short. Since you are in charge of a specific task or project, any issues related to that program fall under your purview. When your project doesn’t go as planned, the best you can do is remain positive, as no one wants to take the blame.
Innovative Environment
Startup companies are open to and eager to try out new ideas. Consequently, employees’ creativity and problem-solving skills are nurtured. Unlike more established companies that tend to adhere to “traditional” or conventional ways of conducting business, startups embrace risk-taking. These companies continuously experiment with fresh concepts that could be implemented. As a result, employees in such organizations excel at thinking “outside the box” and are often more innovative than their counterparts.
The Trade-Off
Similar to the previous trade-offs, the risk is higher in startup companies. Since they rely more on a trial-and-error approach, there is a greater chance of business failure. Moreover, as employees are directly responsible for the outcomes of their actions, they may hesitate to take on responsibilities. Some who accept the risks may eventually become disheart
Related Write-up:
5 Ways to Gear Upward Before Your work Interview
