Working With a Startup for the First Time? Here’s What You Need to Know.
There may come a time in your technology career when the opportunity to work at a startup organization arises. The rewards for a position with this type of firm are numerous, especially if the company ends up a success. On the other hand, job security and compensation tend to be lower than with an established business.
If you decide to join a brand new organization, it helps to understand the unique aspects of working with a startup. Use these ideas to ensure you are prepared for what might become a rewarding change in your tech career. Good luck!
Startups Provide a Greater Potential for Pay if Successful
Expect your overall compensation package to be smaller when working at a startup. Your salary is likely to be lower, with a less robust benefits package to match. On the other hand, receiving stock options offers the potential for a more lucrative return over time, provided the company ends up being a success.
This compensation question is likely a big factor influencing your decision between a startup and a more established organization. When choosing the former, be sure your lifestyle matches your take-home pay until the new employer reaches its ultimate goals.
A Chance to Quickly Climb the Career Ladder
Startups typically employ fewer staff members compared to companies in business for years. Because of this, you will likely wear multiple hats, possibly including some managerial duties. Obviously, this bodes well for your career growth compared to simply being a cog in the wheel at a larger company.
Burning the Midnight Oil
Don’t be surprised if you need to work harder at a startup. Bootstrapping a new technology business takes a lot of effort, especially if product development is part of the equation. Therefore, when at a startup, expect long hours for not a lot of pay.
Ultimately, the big payoff happens when the company’s initial goals are finally achieved.
With startups, at a minimum, you gain valuable experience while building your professional network. For some IT pros, it provides the perfect environment for an emerging tech career. Begin employment with your eyes wide open, so nothing ends up being a surprise.
Work with an IT Staffing Agency in St. Louis, MO!
When you need advice on building a rewarding IT career in St. Louis, MO, talk with the insightful recruiters at Technology Partners. As one of the leading technology staffing agencies in the Midwest, we also know the companies looking for talented professionals like you. Connect with us soon!