Deciding to work for a startup can be an exciting career move. A career with a startup can be a lot more dynamic than your regular office job. If you are thinking about making this switch, you are probably wondering about the pros and cons.
As someone with an entrepreneurial spirit, Ilya Movshovich is known for his work in founding, mentoring, and advising a variety of startup companies. Today he shares some of the pros and cons of working at a startup.
Pros Of Working At A Startup
There are a lot of upsides to working for a new company, which is probably why you are considering making the switch. Some of the pros include:
- Potential for a higher salary as the company grows compared to what you could make otherwise
- More flexibility with your work hours
- More flexibility with how you approach work, as startups typically stray from the “tried and true” method of working
- More opportunities for growth and learning in your career
- Better networking opportunities
- More opportunities to innovate within the industry
- Better benefits and higher job satisfaction
- As an employee at a startup, you get the chance to see how a new business is created from the ground up, which can be useful for starting your own business someday
- Employees don’t take on the same amount of risk as the business owner but get to work in an exciting and dynamic environment
Cons Of Working At A Startup
- There is a risk that the business will not last and you will have to find a new job
- There is the potential for longer working hours while the business gets off the ground and there isn’t as much staff
- There is a lot less structure in a startup company, so this might not be for you if you are someone who needs structure
- Things are constantly changing within these companies, so you have to constantly adapt
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