Start-ups were among the most sought after at Business School placements till recently. However, the recent controversies over layoffs, cancelled or deferred placements have put a shadow of doubt in the minds of the students whether working with a start-up would be a good idea. However, despite the current phase of troubles, these firms still offer enough challenges and rewards, experts say.
Among the arguments trotted out against start-ups is the high risks involved. But then this aspect is true for any company that could fold up at short notice. Same goes for layoffs and termination of contracts that happens regularly at well-established companies.
Start-ups are meant for those who are willing to face the risks and uncertain outcomes without flinching from achieving their career goals. Specific advantages come in the form of high reward to risk ratio for those willing to work in a startup for a minimum 4 to 5 years. They could even end up as trailblazers.
Among the arguments trotted out against start-ups is the high risks involved. But then this aspect is true for any company that could fold up at short notice. Same goes for layoffs and termination of contracts that happens regularly at well-established companies.
Possibilities for creativity and innovation are more in start-ups. While established firms would have set rules and procedures for every issue, employees at start-ups are often called upon to fabricate solutions to problems in a very short time with a quarter of the time and resources available to big companies. What better opportunity would present itself before young managers to prove their mettle. They have more decision-making powers and develop a better understanding of different markets and geographies.
Going by the same logic, the inherent uncertainty in the start-up ecology provides for a steep learning curve. The employees do not work in silos or at specified tasks. You have the freedom to help out wherever needed and in the process get ample opportunities to gain knowledge even in areas outside your specialisation. Thus, it may provide an employee a much better overview of business models, scaling up issues and management than in a big firm.
Access to top management are much better in start-ups as by nature, these are flatter organisations. Thus, one could approach the top boss with work related ideas and issues that would be next to impossible in an organisation that has various hierarchies and circles.
Start-up employees also get more network building and ultimately better career prospects. Even if the start-up career does not take off in the long run, the experience counts a lot in the resume that would lead to better openings elsewhere. You would also be seen as one willing to take risks and remains hungry for growth. (Image Courtesy : pixabay.com)
