THE UPS AND DOWNS OF WORKING AT STARTUP COMPANY
How does it feel working there?
I spend a lot of time working on startup companies during my working experiences. Emma McGowan defines a startup company as a company typically in the early stages of its development.
These entrepreneurial ventures are typically started by 1-3 founders who capitalize upon a perceived market demand by developing a viable product, service, or platform.
View this post on Instagram
What does it mean anyway? It means that we are learned to be struggle staff. Doing more than three jobs is very normal in a startup working culture. We (and the founders usually) are actually doing from zero. It’s parable-like we have a new baby born and standing side by side until it matures enough.
I also have few experiences working in a stable company. And because I was often doing pillow talk with my husband where he works at a stable company also, I have some conclusions what’s pros and cons of working on the startup.
We could learn a lot that is beneficial for our portfolio
Startups are smaller and less structured. They also keep improving their business models, processes, and portfolio. Thus make startup employees are getting used to multitasking.
For example, the salesperson could be double up as the relationship manager. This adds continuity to customer relationships and enables startups to respond to emergencies. Most startups support learning and have a higher tolerance for mistakes. Both factors enhance the versatility of startup employees.
View this post on Instagram
Hard-working like play hard
I would say that startup employees form a close-knit community that shares passion, beliefs, and values. Working with a startup could be a lot more fun. A startup doesn’t have to please everyone and may decide to select fun clients to work with.
Spontaneous fun activities after work are a lot easier to organize in a startup. Your colleagues could become your best friends. I remembered when I was in the mid of a tight deadline, my workmates and I came up with making instant noodles together in an office. To release the stress for a while.
Good to develop creative thinking
Startups deliver their products and services with a personal touch. This creates a uniquely personal experience for their customers. Startups also take time to study and understand their customers’ business requirements. This allows them to build lasting relationships with specific offerings and responsive solutions.
What about the cons?
High-risk, high failure
Most startups fail within their first year of operations, so the risk of failure is high. My second startup was bankrupt after operating more less than two years. In fact, they wasted money a lot. It's different from my other ex startup, which can maintain its existence because it’s under a big and stable company.
View this post on Instagram
Working under such high risk can blur a startup’s strategic vision. So they either fail to seize market opportunities or overestimate their sales projections. High risk also hinders a startup’s ability to attract experienced and competent staff.
It gives you more tears and sweat
It takes blood, sweat, and tears to build a company, and long working hours are the norm for startups. Some startups can afford high salary to employees, but other don’t. It depends on how is big venture capital is behind its startup company.
Since it still starts to run, I think it is supposed to be normal. The rewards might be below since it takes time to generate revenue and make profits. Even some startups give up since it’s demotivating to work without proper compensation.
Will you take these riskiest for high work qualities of yours?
#THE S MEDIA #Media Milenial #working at startup #pros and cons #startup company
