Advertising
Advertising

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.

Advertising

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.

Advertising

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.

Advertising

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.

Advertising

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!

More by this author

Joel Goldstein

Entrepeneur

How to Build Healthy Competition Between Millennial Employees? 4 Visual Merchandising Tips for the Holidays How To Succeed At Your First Sales Job 5 Signs You’re Not Meant to Be A Salesperson Follow These 4 Tips to Make Your App Millennial-Friendly

Trending in Career Advice

1 10 Job Search Tools Every Jobseekers Need To Know About 2 10 Websites To Learn Something New In 30 Minutes A Day 3 50 Great People To Follow On LinkedIn, No Matter Your Industry 4 If You Have This Key Behavior, You’ll Be More Successful Than 90% Of People 5 How To Climb Up Your Career Ladder Faster Than Others In A Big Corporate.

Read Next

Advertising
Advertising

Last Updated on October 16, 2018

How to Quit Your Job That You Hate and Start Doing What You Love

How to Quit Your Job That You Hate and Start Doing What You Love

Everyone of us has a plan in our head that was taken over by family responsibilities, social pressure or sheep mentality. This made us a slave to instant gratification and started killing our plan and dreams.

There is a way to revive your plans and dreams and live a happier life. No amount of salary can exceed your desire to do something that you are really passionate about.

If you hate your job and have thought about leaving your job, here’s how to quit your job and start doing what you love:

1. Identify if you really want to quit to follow your passion

There could be many possible reasons to figure out why you are discouraged to go to work and start thinking about how to quitting your job. Figure out the reasons or signs that make you feel that you should really quit your job.

If these reasons are not related to your office environment or your ultimate goal is to pay your bills from your job, you should consider getting a new job in the same field. It’s better to be an experienced receptionist than to live a dream that is not yours.

2. Start with the side hustle and keep it going

Work after you get back home and build up your product or service enough to gain confidence to quit your job.

Build the website, write down the business plan, design your product, make marketing collaterals or do whatever it takes for you to start working full time on your new venture before quitting your current job.

You could also consider part-time working opportunities if your current job sucks a lot of your energy. This way you could save your energy and dedicate more time to your side hustle.

Ensure that you don’t quit until your new venture really demands your full time dedication. You might lose interest in your new venture if you fall short of survival money.

3. Save enough to pay your bills

If you need to pursue your passion, you need your monthly bills to be taken care of, without any worries. You must cut down on unnecessary expenses and squeeze in those extra bucks on your savings while you are at your current job. You should forget those weekend parties and social outings unless they’re meant for networking.

It makes no sense to quit your job without having any savings. Your new venture will not start paying you immediately. Starting a recurring deposit account is a good idea to start off with. Put aside a considerable amount every month as soon as you get your paycheque and forget about that money until you quit your job.

4. Write down your goals

It is important to have visual proof and a daily reminder of why you quit your job and started a new hustle.

Advertising

Write down your goals and read them at least once a week. If you are a forgetful person, create cell phone or desktop wallpapers of your goals and set them until you achieve them. Visual proof keeps you on track.

These goals are the bigger picture of what you wish to achieve in your pursuit to doing what you love.

For example, if you are wish to design the best dresses in the whole state, write it down. If you wish to fly to Mars, write it down. If you really wish to give up your career for something, it better be worth remembering everyday. Show it to yourself daily.

5. Make a plan

Write down a plan of action for the next 12 months. It’s like writing down an elaborate execution plan in your calendar. This could be a daily, weekly or monthly to-do list of your tasks to achieve your goals.

Learn how to make a plan if that’s not your area of expertise. Ensure that you know what you’re going to do next and not run like a headless chicken after two months of working for yourself.

Review the plan time and again to track your progress. This will give you a clear picture of your performance and your shortcomings.

Also, have a backup plan. Even great planners and strategists fail before achieving success. Ensure that you have a second plan if your first one does not work out as you predicted.

6. Get professional advice

Talk to experienced people in the field you want to venture out. Go to networking events and connect with people in your industry. Most people will help you out with good advice and good contacts.

Get professional courses in part time colleges. It could be great to network and the teachers can be of great help to understand more about the industry. They will help you analyse your plan and connect you to influential people.

7. Prepare yourself to put a resignation

Prepare yourself mentally to quit your job after you’ve realized the potential and prepared yourself to take a deep dive into your new profession.

Leave on a friendly note. Don’t make enemies with your bosses. These connections could help you further in your profession.

Don’t burn the bridges. It’s better to have a face-to-face conversation with your boss or reporting manager than sending a surprise mail.

Advertising

Tell them sincerely about your new venture and why it is important for you. Serve the notice period completely and work till the last day. Complete all your tasks as you would on a regular day. This will maintain your respect and keep your relationships intact.

8. Be prepared to get your hands dirty

As an entrepreneur, you have to do everything that’s needed to keep your work going.

You have to perform all the tasks needed to keep your new venture going. You have to be a janitor, an administrator, an accountant, a designer or a salesperson all at once.

There would be a point of time where you will have to perform tasks that aren’t your favourite. Be ready to perform such tasks without cringing.

9. Have no baggage

Don’t have a debt! Clear all your loans, debts and pending commitments before starting off. You want to fully concentrate on your new activity and not be bent down by loading your shoulders with any burden.

You would want to enjoy your freedom to work incessantly. No distractions whatsoever are allowed to come close to you when you are fully involved in the rhythm of development. Shun away materialism!

10. Don’t be in two minds

It’s good to analyze the best and the worst possibilities in your head, but it’s not at all good to doubt yourself.

Move ahead with confidence. It’s your life, your plan and your rules. Nothing and nobody can stop you from doing what you wish to do.

The more you start getting noticed, the more people will point fingers at you. Don’t let them affect you and create doubts in your head. As William Shakespeare said,

“Our doubts are traitors, and make us lose the good we oft might win, by fearing to attempt.”

11. Learn to handle failure

You are going to be a loser and it’s a good thing! If you fail and lose, you will learn to not repeat your mistakes and make yourself stronger with every punch you throw out.

It takes time till you start losing. The key is to not be demotivated by failure. The more the failure, the more closer you are to success.

Advertising

12. Try your hands at investing in stock market or cryptocurrency

It’s a good way to keep your side income rolling in. While you are busy building your dream project, you could invest your money in the stock market or cryptocurrency and let it grow while you sleep.

As Warren Buffet famously quoted,

“If you don’t find a way to make money while you sleep, you will work until you die.”

Find a good stock broker who has enough experience to not lose your money. Stop immediately if you are losing a lot of money. Don’t burn away your money.

13. Keep a healthy routine

It’s easy to forget about your health when you are working on something that you’re really passionate about. Set reminders about your health routine.

Exercise! Most successful people start their day early and take time out to exercise at least thrice a week. It helps you give more energy and time to your work.

Always remember that you started your new venture to be happier. Bad health will not let you enjoy your success.

Join yoga classes or learn meditation from youtube. Avoid sitting too long at one place for more than 15 minutes at a stretch, take breaks. take a walk, especially up-down the staircase as much as you can to skip age related joint pains and muscle atrophies.[1]

14. Enjoy your days off

Taking a break helps your creativity and clears your mind from clutter. You need your days off to come back afresh and take on your tasks. You can’t be working 24/7.

Remember that being able to take your days off is one of the beneficial quirks of an entrepreneurial journey. You can have a routine designed by yourself, for yourself.

Take your days off when you are too stressed and can’t think straight. Self-discipline might sound simple but practice takes ages. Schedule down time for yourself.

15. Take these steps to quit your job without burning bridges

Resume.io has this infographic about the steps you should take after you’ve decided to quit your job:[2]

Advertising

    16. Remember why you quit your job

    Lastly, remember why you quit your job and started doing what you love. There would be bad days that will make you regret your decision, but don’t let them dominate the reason why you took the plunge.

    Your soul wasn’t happy with what you were doing. Your new venture is what you always wanted to do.

    Never forget that.

    If nothing works out, you could still go back to any job you want, but at least, you’d be spared from regrets and constantly arriving “What if?” question in your head.

    So, start now and live without any regrets.

    Execution matters more than thought. Turn your dream into a reality starting today. Start small and grow big.

    Besides, it’s never too late to do what you want to do. Here’s the proof:

    How to Start Over and Reboot Your Life When It Seems Too Late

    Featured photo credit: Pexels via pexels.com

    Reference

    Read Next