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What are the Benefits of Working at a Startup?

What are the Benefits of Working at a Startup?

When you think of working in a startup, do you think of a fast-paced environment with long-term instability and long hours? That could be true, but it’s important to not overlook the benefits of working at a startup. Don’t rule out working at a startup without considering these benefits:

1. Work that matters.

Working in a corporate office, especially in the beginning stages of your career, means you’ll probably be stuck doing some type of job that doesn’t really make an impact on the company’s mission or bottom line. Not with a startup. Each startup employee is crucial to the success of the company, so the work you do will matter.

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In corporate offices, sometimes your work can go unnoticed because you’re just one worker in a sea of others, but not at a startup, which can be both a positive and negative aspect of startup life. Have a big win? Everyone in the office will know. Miss a client deadline? Yep, everyone in the office will know. If you’re into recognition and having a job where you can immediately see the impact on the company, consider working at a startup.

2. Wear many hats.

It’s no surprise that the budget for new hires at startups is small. Although this means you may not be paid as much money as you would working in a corporate office, it also means you’ll get invaluable experience. As a startup employee, you’ll be asked to take on many different tasks and roles outside of your job description. Although this could mean extra stress and long hours, it also means you’re adding skills to enhance your resume in the long-term.

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Because the nature of startups is to evolve and change quickly as the business grows, do a great job when you start with the company, and you’ll probably see your role evolve into a promotion before you know it.

3. Experience the startup culture.

If you’d rather be wearing blue jeans than khakis or dress pants, a startup could have the perfect culture for you. The startup atmosphere is typically much more laid back than corporate offices in terms of dress code, employee hierarchy and employee rules.

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Because startup teams are much smaller in size than corporate offices, expect to work within a close-knit group of people who quickly become more like family than co-workers. Have a problem you would like resolved? At a corporate office, you may have had to go to your boss, who would go to his boss, and so on, in order to get an answer or decision. At a startup, open communication and exchanging ideas and problems is the norm, so you can skip these pointless steps of going through the middleman.

4. Learn how to be an entrepreneur.

Do you hope to start your own company someday? Working at a startup could be just the experience you need to get you one step closer to your goal. Because startup employees work so closely together, you’ll be able to watch to learn how decisions are made at the top, client relationships are grown, and day-to-day business matters are handled. Not only that, but the drive and energy you’ll feel everyday in the office will become infectious, and give you the extra push you need to step out on your own.

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5. Networking.

At corporate offices, the business is usually established with a reliable customer base and presence in the community. This is definitely not so with a startup. Startup employees will be a part of the growing phase of the business, and will be expected to branch out and meet new clients and contacts on behalf of the business.

What does this mean for you? You will be helping the company grow, while also adding to your network of contacts in the industry. Is your startup attempting to launch a new product in the marketplace? You may be tasked with meeting potential distributors which would be a great add to your contacts for the future.

What do you think about working at a startup company? How does it compare to the corporate world? Tell us in the comments below!

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Joel Goldstein

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Last Updated on December 1, 2020

How to Find Your Entrepreneurial Passion and Purpose

How to Find Your Entrepreneurial Passion and Purpose

I wrote a few articles about starting a business based on something you love doing and are passionate about. I received several responses from people saying they weren’t sure how to go about figuring out what they were most passionate about or how to find their true purpose. So I’m dedicating this article to these issues — how to find your entrepreneurial passion and purpose.

When I work with a new client, the first thing we talk about is lifestyle design. I ask each client, “What do you want your life to look like?” If you designed a business without answering this question, you could create a nice, profitable business that is completely incompatible with your goals in life. You’d be making money, but you’d probably be miserable.

When you’re looking for your life purpose, lifestyle design isn’t a crucial component. However, since we’re talking about entrepreneurial purpose, lifestyle design is indeed crucial to building a business that you’ll enjoy and truly be passionate about.

For example, say you want to spend more time at home with your family. Would you be happy with a business that kept you in an office or out of town much of the time? On the flip side, if you wanted to travel and see the world, how well could you accomplish that goal if your business required your presence, day in and day out, to survive? So start by getting some clarity on your personal goals and spend some time working on designing your life.

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At this point, you may need a little prodding, and you may want to hire a coach or mentor to work with you through this process. Many people are very used to the idea that there is a particular way a life “should” be. There are certain milestones most people tend to live by, and if you don’t meet those markers when or in the manner you’re “supposed” to meet them, that can cause some anxiety.

Here’s how to find your passion and purpose:

Give Yourself Permission to Dream a Little

Remember that this is your life and you can live it however you choose. Call it meditation or fantasy, but let your imagination run here. And answer this question:

“If you had no fears or financial limitations, what would your ideal life, one in which you could be totally content and happy, look like?”

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Once you’ve figured out your lifestyle design, it’s time to do a little more soul-searching to figure out what you’re truly passionate about. This is a time to really look within and look back.

Specifically, look back over your life history. When were you the happiest? What did you enjoy doing the most? Remember that what you’re looking for doesn’t necessarily have to be an entire job, but can actually be aspects of your past jobs or hobbies that you’ve really enjoyed.

Think About a Larger Life Purpose

Many successful entrepreneurs have earned their place in history by setting out to make a difference in the world. Is there a specific issue or cause that is important to you or that you’re particularly passionate about?

For some, this process of discovery may come easily. You may go through these questions and thought experiments and find the answers quickly. For others, it may be more difficult. In some cases, you may suffer from a generalized lack of passion and purpose in your life.

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Sometimes, this can come from having suppressed passion in your life for too long. Sometimes, it can come from eating poorly and lack of exercise. But occasionally, it may have something to do with your internal chemistry or programming. If the latter applies to you, it may be useful for you to seek help in the form of a coach, mentor, or counselor.

In other cases, not knowing your true purpose may be a matter of having not discovered it yet: you may not have found anything that makes your heart beat faster. If this is the case, now is the time to explore!

The Internet is a fantastic tool for learning and exploration. Search hobbies and careers and learn as much as you can about any topic that triggers your interest, then follow up at the library on the things that really intrigue you. Again, remember that this is your life and only you can give yourself permission to explore all that the world has available to you.

How Do You Know When You’ve Found Your True Entrepreneurial Purpose?

I can only tell you how I knew when I had discovered my own — it didn’t hit me like a ton of bricks. Rather, it settled over me, bringing a deep sense of peace and commitment. It felt like I had arrived home and knew exactly what to do and how to proceed.

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Everything flowed easily from that point forward. That’s not to say that I found success immediately after that moment. But rather, the path ahead of me was clear, so I knew what to do.

Decisions were easier and came faster to me. And success has come on MY terms, according to my own definitions of what success means to me in my own lifestyle design.

Dig deep, look within, and seek whatever help you need. Once you find that purpose and passion, your life — not just your entrepreneurial life, but your entire life — will never be the same.

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Featured photo credit: Garrhet Sampson via unsplash.com

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