It is generally true that start-ups do not pay as high a salary as corporates or professional services. Particularly if you’re early on in your career. However, there are very good reasons for this, and it isn’t because your skills are being under-valued. It is largely a reflection of the cash-flow available in a new business and also the popularity of the jobs (lots of applicants for very few jobs). Regardless of salary, there are numerous reasons why you should consider a start-up as a fantastic career choice.
PROFESSIONAL AND PERSONAL GROWTH
Start-ups are a great way to meet new people and to expand your network. Many existing companies have an established core of clients and vendors, but start-ups are always seeking new customers, vendors and strategic partners. There is never a dull moment. You will continually meet new people and build great friendships and business contacts that will last you throughout your career, and the likelihood of one of those new business contacts becoming the catalyst that leads you to your next job is high.
Looking closer to home, since most start-ups are small, there is the chance to get to know your co-workers very personally and create a bond with everyone on the team. Working at a start-up is like being part of a close-knit family where you are encouraged to be yourself in order to realise your full potential. A positive company culture is at the heart of start-up companies.
SENSE OF ACCOMPLISHMENT
Being smaller and more personal leads to attachment, passion and vested interest. The exhilaration of being part of a successful start-up produces pride and a sense of accomplishment that is extraordinary. The entrepreneurial nature of a startup undoubtedly creates a lot of passion which means you will be working with colleagues every day that have the same positive energy and excitement as you do. Everybody is focused on the same goal, to take the company forward and upward, because wherever that company goes, it will take you and your team with it.
LOTS OF LEARNING
However, perhaps one of the best reasons to join a start-up company is to learn. If you are unfamiliar with the industry, but you like what the founders are doing then don’t hold back. A start-up offers hands-on, multi-functional experience where you can take on great responsibility from the word go and working in close proximity with the founders. It’s an amazing opportunity to soak up their knowledge and experience. Furthermore, you can expect to get a lot of exposure to the intricacies of the entire business operation from the start. Such involvement is especially useful if you want to start your own company one day.
Lastly, as start-ups grow, you can grow with them. And that can be reflected in your earnings too. Not only might salary increase with the size of the company and your responsibility within it, you might become entitled to options too – the value of which can grow as the company succeeds. Remember it’s not long ago that Facebook and Google were ‘start-ups’ too.