Working for a startup is a popular choice these days, thanks to startups budding everywhere. However, it is still a difficult career choice to make if you are already earning a good and steady salary at a corporate company. Let’s look at some of the pros and cons of working for a startup to help you decide whether you should switch to a startup job.
Pros of working for a startup
- Work life balance: A startup has a more relaxed environment; it is also usually a fun and young place to work in. This is one of the primary reasons why people join startups as the perks are often very attractive.
- Work satisfaction: In a startup, everyone is working towards the same goal to make the startup successful. As there is less hierarchy in the company and more flexibility, employees tend to enjoy working as part of team to achieve a common goal.
- More opportunity to learn: In a startup, there are many new skills to pick up. As employees have an expansive jobscope, there are more opportunities to learn something new.
Cons of working for a startup
- Job security: A startup is not yet stable as it’s a new company. You never know it will succeed or fail. And the sad thing is 75% of startups fail. Hence, there is always a risk of losing one’s job in a startup.
- Salary and remuneration: While there are many perks that employees can enjoy, the salary scale may be much lower than market rate.
- Jobscope: In a startup, your jobscope changes almost daily. You might be a marketing manager today and tomorrow you might have to help out at the creative department. If you like variety in your day to day job, this is for you. But for those who need clear direction to perform well, they may easily lose focus on the job.