Everyone wants to work for a hot startup. They’re hip,
fun and run by passionate, creative people with exciting,
innovative ideas. But working at that awesome startup can come at
a cost to your career and your sanity. Consider these points
before quitting your safe, secure position at a big, established
company:
1. The Hours Are Long
Young companies building a new product or service from
the ground up run on small teams, limited resources and no time to
spare. And they expect their people to give 110% to the job. Your
social life outside the office will likely suffer, and the
pressure to stay later and later can make you feel like a deserter
if you need to leave the office on time for personal reasons.
2. The Pay Sucks
Unless you’re a senior executive of a startup, your
compensation may leave something to be desired. The bulk of
startup funding goes into the operations and product first, and
the people second. For the amount of hours you can be required put
in each week, the pay may feel inadequate. The tradeoff that
startups offer is the cool factor - plus equity and stock
packages. And there may be perks like free snacks and lunches,
beer kegs, discounted gym memberships, yoga classes, flexible
vacation time, ping-pong, etc.
3. Big Egos Rule
Startups are built on exciting ideas from brilliant
minds, but those can also come with egos. Like any workplace, many
startups have a pecking order. While most startups advertise a
spirit of open forum and democratic exchange of ideas, you may
have to earn your stripes before your input is valued and your
ideas are implemented. Visionaries are, understandably, protective
of their visions, and you may find yourself in a work environment
that feels more like a tyranny than a democracy. (Note: Please
make sure you're not the one with the ego.)
4. Distractions, Distractions, Distractions
Startups pride themselves on a casual,
hoodie-and-jeans company culture, the antithesis of the
stereotypical corporate suit. Open, collaborative, cubicle-free
working environments foster a sense of community and
togetherness. But the frat-house vibe can also be
counterproductive and result in a lack of oversight and structure.
In this kind of less-than-professional office, employees may get
too chummy, spending more time on Facebook, socializing, coffee
runs and cigarette breaks than getting work done.
5. You Probably Won't Last
Many new startups suffer from the revolving door
syndrome, struggling to keep a stable team. Sometimes they hired
the wrong people, but sometimes the person shown the door is you.
A recent
study of 20,000 new hires by research firm Leadership IQ
found that 89% of the time new hires failed, it was for
‘attitudinal reasons’, not lack of skill. Make sure you are a good
fit for the startup before submitting your resume. If you do get
the job, make sure to bring (and keep) a good attitude.
So Now What?
Keeping positive, staying loyal and consistently
producing high-quality work is the best way to impress
any
company. Working for a startup can be a sacrifice of time and
money, but it's also a commitment that can pay off if the company
grows rapidly. Many startup employees move on to form their own
companies or parlay their experience into an in-demand calling
card. If you think you have what it takes, don't let these
warnings slow you down.
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