It has only been a few weeks, but I am officially a college graduate. Four long years of bad habits to be broken down and assimilated to whatever establishment feels I’m worthy among the masses. Luckily for me I get to stall this future for another year or so while I go off to graduate school to become a master. For everyone else though, my fellow graduates, the majority of them will move home or to a thriving city to join the “real” world that was only oh so far away when we were in school.
This past weekend, I had dinner with an older friend of mine from college (I only graduated a few weeks ago, that’s weird to say) who has been working for two years now. When she graduated, her job at Company X was a huge accomplishment and the culmination of years of hard work. After a few drinks and some prying questions, the truth came , out – she wants to quit her job and join the exhilarating world of a start-up.
Everywhere you look, you will see some social media, hi-tech company raising money, getting acquired or hitting the million-user milestone. It is all very exciting of course, but you still have to realize that 99% of entrepreneurs fail and that they are actually in the business of failure and not capitalism to put it so bluntly. If that doesn’t shatter your dreams, you’re well on your way to becoming the next Zuckerberg.
Let’s look at the pros and cons of doing so – some of which can go both ways:
PROs – Some positive outlook on why you would want to work for a start-up.
#1 Working with passionate, like-minded individuals
If you start a company you are most likely working with others who share the same passion as you. When you join a start-up they aren’t just hiring you because you are smart and have a great background, they are hiring you because you are someone they want to spend time with.
#2 Less strings attached
One of the major factors that drive people to working at a start-up is the freedom that they are granted. A small company most likely doesn’t have the same corporate structure as other places you may have worked and thus you have the ability to try new things and be more creative.
#3 Everyone is close – maybe even back to back
With most start-ups it’s a rag tag office set up in whatever place that they can afford (hopefully nicer if they received investment) Your co-workers are within arms length, if not a just a simple shout away. This can make for a more enjoyable workday assuming you like everyone you work with.
#4 Inspire Others
One of the best parts of starting my own company was the ability to inspire others to do the same. Anyone can start their own company – hopefully for the right reasons (another post in the works) – they just need a little push and encouragement sometimes.
#5 Stock options!
You have heard all the success stories about companies early on not being able to pay their employees so they gave them some “imaginary” stock options. That paid off huge for the original Google janitor who is now a multi-millionaire. Long story short, if you receive stock you now have a vested interest in the outcome of the company, which will hopefully motivate you to work that much harder.
CONs – Not really the worst things in the world but things to consider.
#1 Job security
When you receive a job offer, hopefully you are looking at it as more of a career and not just another placeholder for the next few years. In the start-up world, companies come and go with the blink of an eye because it is such a crowded and hard place to survive. Be weary that your company can seriously go under at any point and you can be looking for a job again.
#2 It’s just another job
To touch on my first PRO, and this is really only for more of the ego driven bunch, the true excitement of working for a start-up comes from being a founder. This is debatable of course but from experience, while you can work with others or have others work for you, the “glory” and “fame” is usually only for the founders.
#3 9-5 is optional
Your company will most likely have you working the 9-5, but the day doesn’t end until you finish all of your work. Unlike larger companies, some items can wait until the next day, but in a start-up timing is everything and it needs to get done ASAP. How many times have you slept in your office?
#4 Small Budget
Lots of new companies are bootstrapping their way to success, which means less money to spend on most initiatives. In times of drought you either shine or burn out, hence why new companies seem to be more innovative.
Advice from the community!
David Spinks of Scribnia:
My best advice to students who are on the job hunt and worried about whether to go startup or corporate is to not consider anything permanent. Anything can (and will) change at any point in your career. If you try something and find that you don’t like it, then you’re one step closer to finding out what you do like.
Ryan paugh of BrazeenCareerist:
Consider more practical concerns like health care, mobility, benefits and vacation time. You won’t always find these types of luxuries at early-stage startups.
I’ll tell you what though. If you can get past all of that stuff and focus on the pros you listed above, you’re going to get a learning experience that you can’t necessarily find any place else.
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I hope that these reasons inspired or discouraged you to join a small company. My goal is to give you a realistic point of view that the press and other publications are unable to do.
What are the other PRO’s and CON’s of working for a start-up?
