10 Great advantages of being employed with a startup
Well we must admit that Startup founders know the art of pampering their employees. They treat all employees not just as facilitators of their work but as stakeholders of the company. There is more often than not an open box space and, no closed structure.
Have you ever imagined what it would be like to work for a Startup? We have compiled a list of advantages that you might associate yourself with if you get a chance to work for a Startup. And believe us when we say that this is just the icing and the cake is even bigger. We have tried to jot down a few advantages that the employees associated with Startups enjoy, so, happy reading to you all:
1. You Get to Bring Something New Into the World and hence, will have more responsibility
Only the very first employees get to create the initial code base, close the very first customers and figure out the script and the playbook, figure out a 1.0 (or even 0.1) version of a core feature/product/etc. that millions will use down the road. Working at a startup probably means you’re part of a small team, most likely in the single digits. Because of the nature of having such a small team, there is probably nobody else in the company who has the same skillset as you, approaches problems in the same way you do, or even thinks the same way you do.
2. More opportunities
We probably don’t need to tell you that most startup jobs won’t pay as well as some of the bigger corporate and business jobs. You (or your degree) may be worth more than a startup is able to pay. But working at a startup offers a different type of reward: an incentive-based system that isn’t based on dollars, but rather in skills attained and opportunities seized. The experience will outweigh the pay cut.
3. Handle a lot of different things
Working at a startup will allow you to try on a lot of different hats, even that weird one that you didn’t think you would ever like, but find out that you did. With that experience you will feel comfortable in a lot of different areas, as you grow in your career.
4. Learn from true innovators
People who start their own business have a different mental and professional makeup than those who have never gone off to create something of their own. Entrepreneurs are defined by seeing a problem and thinking of an innovative and original way of addressing it. Because of this innovative nature, entrepreneurs are some of the best people to learn from. They approach problems differently, are constantly finding solutions, and are driven to make the most out of their time and work. Every successful startup has true innovators, and if you find the right ones, you’ll learn plenty.
5. Recognition at work (as will your failures)
Within a few days, your coasting and slacking will be noticed and the rest of the team will wonder why they are working harder than they have to. That keeps you focused and on your game. Secondly failure is easier to notice, you’ll make sure to eliminate mistakes in order to avoid disappointing your colleagues. Stay focused, startup employee, and your successes will be recognized and your failures minimized. And when the rest of the team says “We couldn’t have done it without you,” you can be confident that they mean it.
6. Learn to be frugal
Working at startup probably means that money is tight. Whether you’ve been showered with investor love or the founder has a really wealthy uncle, the company will still be thinking of ways to do more with less. No extravagance, no frills, no extraneous booze cruises. Instead, the business development intern will learn how to design and code the blog, the writer will sometimes do the dishes, and at the start you’ll find a way to fit nine people around an eight person table (hint: extra chair). This frugality and monetary responsibility will undoubtedly bleed into your own life as well, and you’ll end up finding new ways to find fulfilment other than burning the money you earn. Instead, you’ll probably discover a joy in creating and doing, rather than consuming. You’ll find happiness in being part of a team that is trying to make other people’s lives easier, more fun, and more manageable.
7. Hard work, ownership, and self-sustainability
Maybe more important than any other benefit of working at a startup is the realization that hard work, creative thinking, and tenacity are worth a whole lot. Once you’ve created something of your own, something tangible and whole, something you can touch, feel, or use, you really begin to appreciate personal ownership. For those who do not actively create, or are continuously creating for someone else’s benefit, it’s difficult to understand the great importance of personal ownership and the liberty needed to pursue that ownership. Working at a startup and spreading the news of your team’s product, a product that you helped bring into existence, teaches the value of that ownership and gives you pride in your work. It is this pride, in your team’s hard-work and ability that teaches you the importance of protecting those who do create innovative solutions and take risks.
8. Flexible Work Environment
A flexible work environment with decision making responsibility given to all employees is what differentiates startups from larger companies. No decision is top-down, all employees are given an opportunity to present their views.
9. Additional perks
As per Human resource experts, since startups may not be able to match salary with that of the biggies, they offer several other perks including a flexible work timing, stock options, a share in profits and a better work-life balance. Ramit Sethi, Founder and Chief Mentor, CareerCo, a startup that helps people make career choices said that in their company, employees do not have to always be in office and can work from home. “We do not have a formal tight office structure. We have open discussions to involve all employees. We not only have stock options but also have revenue sharing with senior employees and high performers,” he says.
10. Transparency in the system
Employees know the daily revenues, number statistics, CPA, LTV, etc. We knew cash in hand for a long time before it became less useful to track on a daily/weekly basis at the individual employee level. But that level of transparency is a motivator and a perk/privilege.
Hence, all these advantages add up to a fun andmeaningful tenure, which will lead to our growth not only on a professional front but on personal grounds as well.