When we are young we have plenty of energy and if that energy is put to right use than it can produce great results for an individual, in the same way in case of corporate world when the company is young the management and employees have plenty of energy which if is directed towards right direction than it can lead to plenty of success for both owners of the company as well as employees of the company but if anything wrong happens then it can be disastrous for both owners as well as employees of the company and that is the reason why if you are one of those talented individuals who have doubts regarding joining a startup than you should know about advantages and disadvantages of joining a startup –
Advantages of Joining a Startup
Stake in the Company
The biggest advantages of joining a startup is that unlike established companies where you are paid only salary and allowances in case of startup an employee gets stake in the company which if company turns out to be successful can results in big windfall for the employee, in simple words when you have a stake in the company and it turns out to be a success story than its equivalent to winning a lottery which ensures that you never have to work for anybody.
Good Exposure
Another merit of joining a startup is that you get very good exposure because unlike established companies where you have to work only in one particular department for years without getting any exposure in other areas. In case of a startup, you have to do multiple works which give you great exposure and can turn out to be very fruitful in future as well all know that in today’s worlds people having diverse exposure in different areas are preferred as compared to those people who are having exposure in one field only.
Informal Working Culture
Majority of startups do no work like other companies where you have to be on time or wear formal dresses only or have superior subordinate work culture as in startups you have flexibility of working hours, you can behave like friend with your superiors as well as with owners of the company or wear informal dresses like jeans and t-shirts in the office and so on.
Disadvantages of Joining a Startup
Risk of Losing Job
The biggest threat of joining any startup is that majority of startups fail and when they fail your job is also at stake and hence if you are one of those individuals who want peace of mind by having that job which pays less but the job is secure than startups is definitely not your cup of tea. In simple words just like success has many fathers but failures none in the same way if a startup clicks than you will get all the praise but if it fails then blame of it failing will not only go to the owners but also on the employees of the company.
Stressful
In the majority of startups employees have to work for many hours as there are not regulated work timings in these companies and add to that the constant stress of performing can be very stressful for the employees. In simple words, if you are ready to take stress along with the risk which comes with having a job in a startup than only you should go for joining any startup.
Peer Pressure
If you ask 100 people of your age having the same qualification than only 5 to 10 people will say that they are willing to take risk of joining a startup and rest will be comfortable working with top companies of their respective field, hence there is always this peer pressure where you feel that others will go ahead of you in case the startup company you have joined fails in 1 or 2 years resulting in you going behind professionally and financially with your peers.
As one can see from the above that joining a startup is not an easy decision as whole future professional life depends on this one decision and that is the reason why one should carefully think about the pros and cons of joining a startup and then only take the decision of joining a startup.