Most of the tech giants we know today got their start as a startup. Jeff Bezos, for example, started Amazon from his garage! This is one of the many reasons why some people are drawn to them. The first thing they realise is that the money isn’t that good, and yet they stay with the company. There’s something about working in a startup that makes people stay for a long time, and connect with it. However, especially today, in the ‘Valley’, there are some excellent benefits of working for a startup.
Culture of Collaboration
One thing that you will observe from people working for a startup is that they love collaborating with each other. A startup is usually made of a few people, and that means each one has to work together in order to be successful. Because of startup life, a person has no choice but expand one’s skill set. Each worker has to don several hats to get the job done. Team work is an important trait that workers have to master, especially in a startup.
One of the benefits of working in a startup is having a tight-knit workforce that collaborates all the time. It usually means setting camp in a single room with the entire company in it. There are no barriers between the CEO and employees, and in turn the bosses have to simplify their leadership styles.
Lack of Bureaucracy
People love working for a startup because of its lack of office gossip, red tape, and bureaucracy. As stated above, a startup usually fosters a close relationship among its workers. Each one feels important and needed. This gives them the drive to perform better as they feel more satisfied with their jobs.
Startup life does have some kind of hierarchy, but there’s no true bureaucracy involved. Of course, there’s a need for someone to act as the boss and demand certain tasks to be completed on time. The good thing about it is that workers get feedback, answers, and approvals faster than working for a big corporation. Work is accomplished faster and in the shortest possible time.
Trust is an important element when working in a startup. They make it a priority to be as transparent as possible in order to attract investors, customers, and the best workers in the industry. One benefit of working for a startup is that you have a direct line to the CEO.
Because of the strong collaborative culture and the lack of bureaucracy, startups can maintain a high level of transparency. Some companies even share the balance of its bank account to its workers. This makes them do their best in order to make the business more successful. Everyone is accountable in startup life. One must do his part or else the operations will stop running smoothly. You can immediately tell who is dragging the team down. This type of transparency will make the workers strive hard to get the job done.
These are the top three benefits of working in a startup. Yes, it doesn’t pay that much but hard work and perseverance will be rewarding in the end. Plus, you get to improve your skill set and learn a lot from other workers, which can help you in your career.