5 Important Factors to Consider Before Working at a Startup

5 Important Factors to Consider Before Working at a Startup5 Important Factors to Consider Before Working at a StartupThinking of jumping ship and joining a startup? Use these tips to help you decide.These days, it seems like everyones jumping on the startup bandwagon. Somewhere along the way, working a corporate job lost its panache to the startup badge of honor. Especially if you live in a city with a burgeoning tech scene.However, bedrngnis all startups are created equal. Success in the startup world is largely dependent on the founding teams smarts, skills and drive. And while theyre not for everyone, startups do offer a diverse workplace experience some professionals might prefer over the corporate routine.Having difficulty choosing which career path is right for you? Consider these five factors before jumping ship to join a startupExperienceBefore deciding which route is best for you, evaluate where you are in your career. If you didnt drop out of college for the Thiel Fellowsh ip, then a corporate job can offer a fantastic intro to the workforce. This is where youll learn your basic geschftlicher umgang skills. You can always take your experience and apply it to future endeavors if it doesnt work out.If youve already paid your dues in the corporate world, a startup may offer an exciting new challenge. Having experience under your belt will be a highly valuable asset- youll bring the discipline and leadership that help startups flourish.StructureStartups HR departments (or lack thereof) can resemble the wild west, with roles and teams that are even less defined. Dont fall for the define your own role trap youre not aspiring to be a jack-of-all-trades. Hiring managers should know your key role and responsibilities. Additional ideas and skills you bring to the table are a bonus.If you work better with direction, you may be frustrated with the A.D.D.-like approach of a younger startups environment. If however you go in aware of these growing pains, youll emb race the challenge.TrainingMost corporations have articulated training and on-boarding procedures to ease you into their operations. Startups typically offer immediate, hands-on opportunities.While your individual impact may be visible from the beginning, you must learn and adapt fast otherwise you may sink under the pressure. Of course, you may still be expected to hit-the-ground-running no matter where you end up.TractionAccording to a U.C. Berkeley and Stanford University report, 92% of startups failed because of premature scaling. In plain terms, they spent too much money hiring and marketing before first establishing a revenue stream or viable business model.If youre wooed by a product or sales company where traction is nil or next-to-nil, the leadership may need more time to figure out how to run the business. Poor pie-in-the-sky planning does long-term damage, so be sure you know what theyve done versus what they plan to do. If they want you as their strategist, then gauge ho w much autonomy youll have to execute on your ideas. You dont want to end up hired and fired in a matter of months because some bumbling founder sold you a line and ran out of money.Pay and BenefitsStartups may not offer the same competitive salaries and benefits that corporate jobs do. Youll need to do your research. Salary terms (and any commission structures and sales payouts if applicable) should be clearly defined in writing. Dont even get me started on fuzzy equity options, promises of pay based on future events, or expectations to work for free.What startups lack in compensation however, they may make up for in personal or financial rewards later on. For example perk packages, advancement opportunities, a weg at becoming the next billion-dollar valuation, etc. Just be realistic when making your decision free daily lunches and coffee are great, but not if youre severely underpaid and taken advantage of for your talents and time.Regardless of where you work, remember to embrace every opportunity as a learning experience. You never know how or when it will benefit your future career. Like Sheryl Sandberg said in Lean In, its okay if your career looks more like swinging around a jungle gym than climbing a corporate ladder. Because no one wants to stand on that ladder, look up, and see someone elses butt.