Considering joining a startup?
Before you quit corporate life and move, take a moment and ask yourself these 5 questions.
1. How much structure do you need?
If you enjoy repetition, you may not find it at a startup. With a small team, you will likely wear a few hats. You may find your role evolving and overlapping into other areas of the company. Startups rely on the ability of their team to fill many needs.
2. Can you cope with the constant pressure?
If you love the idea of constant pressure, joining a startup may be your dream come true. A process that you’ve worked on building one day may be obsolete a week later. The pressure to get it right and limited resources call for decisive actions.
3. What is your risk tolerance?
The hard truth is 80 to 90 percent of startups don’t succeed. When you work for a startup, you are taking the risk that you’ll work hard and put in long hours, and it still might fail. If you’re able to take the risk, the rewards can be worth it.
4. Are you joining a startup just for the perks?
Free lunch, a beer fridge, and foosball tables used to only be available at start-ups. Larger companies have taken note, and some are beginning to offer some of these same perks.
5. Does the startup’s purpose resonate with you?
The purpose that drives the founders will be the biggest determination of their culture. If talking with the founder gets you excited to come to work, you may be in the right place.