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Startups have been taking over the world in recent years using technology as a means to solve everyday problems. Working in a startup has a certain rush that can seldom be found in other working environment. A startup is like an infant that needs to be nurtured with lots of love, care and patience. That being said, working in a startup can be both amazing and terrifying at the same time. We list some of the pros and cons of working in a startup to show both sides of the startup coin!
The Experience –
Pro – Working in a startup itself is a unique experience as it allows for rapid growth in a creative and innovative environment. Startups provide a stimulating work place with loads of opportunity for learning and a platform to take on added responsibility.
Con – While startups are a great place to learn new and exciting things, they are also known for over burdening employees working on tight schedules, long hours and few vacations.
The Earning –
Pro – Most of the time you are paid in a startup based on your skills set when compared to an established company. If the company grows, you could reach the top level soon, as you will be among the first few employees. This plays a key role in the growth of your career. However, salary with startups varies a lot.
Con – As far as the investors are concerned, they don’t just invest in any and every startup. So, chances are you might start off with a small pay since startups have tight budgets. Salaries are lower than the usual. Basically, your salary is never fixed in a startup!
The Responsibility –
Pro – Startups require working closely with the brightest personalities. Working for a startup means you are part of a small team. A startup can offer an extremely magnificent working background. You may feel like you are running your own company. You will obtain an intense understanding of the business as a whole that could also help you to start your own business someday.
Con – When compared to startups, bigger companies have more people on whom to rely. Since new businesses have a small workforce, every individual contributes into the company’s growth and prosperity so, you should be prepared to go up against a major workload.
Working for a startup can be fun and exciting but it is no less a bumpy ride where you face a lot of challenges. It is no cake walk working for a new business as it has its own pros and cons. However, the rewards you reap can be huge!