Start-ups are often perceived to be the cool places to work. These are the places where funky individuals hang out in modern offices, with cutting edge technology, and come up with ground breaking ideas whilst playing ping pong. But in reality; most start-ups aren’t what they seem to be, and there is a lot of hard work that goes on behind the scenes.
From my personal perspective, I’m glad I took the leap. Joining Assistant Sydney from day 1, gave me the opportunity to see how a business starts from the grass roots. It has given me exposure to so many different elements of business, and allowed me to truly be hands on in my own learning and development. Not to mention, have a lot of fun whilst doing so! It hasn’t all been a walk in the park though, it has been a lot of hard work. Any business in a similar stage of infancy to ours, would simply not survive without hard work. It does however continue to be rewarding. Seeing all of the progress we are making, and the goals we are now kicking – makes it all the worthwhile. This is why I wanted to highlight today, the main things you should consider if a candidate, when looking to join a newly established business.
Are start-ups a risk?
Candidates are often hesitant when it comes to joining a start-up company due to the stigma associated with it being a ‘risk’. It is argued, that because the business is not established on the market, and they have not been heard of before, the company has a high chance of failing. A lot of this risk can however be analysed.
- Is there an opportunity on market for the business’ services or product?
- How much experience and knowledge do the owners have in relation to the industry?
- Has a client or customer base already been established?
- Is there market share to take?
- Are there set goals /plans / strategy in place for where the business should be in both the short and long term?
If your answers are positive to the above questions, you have essentially eliminated a great deal of the risk associated with joining a new business. Second to that, if the above is positive, the level of service or quality of product provided; will ultimately determine future success. The people that work for the brand then make this happen – that’s where you come in!
Are start-ups all fun and games?
A common perception of any start up business is that it’s all play and hardly any work. Some common challenges start-up businesses face in their first 12-24 months include:
- Minimal brand awareness on the market.
- Competing with already established businesses.
- Creating structure and processes from the ground up.
- Establishing a cash flow that will allow the business to continue running.
In saying this, employees of a start-up often enjoy flexibility when it comes to hours, their working environment and the way that they conduct business.
When deciding what type of company to join, it is important to consider what type of environment and what amount of structure you need in order to enable your personal success. It is also worthwhile taking into consideration your short to medium term goals, and off-setting them against the above challenges. This will help to determine whether there is anything substantial enough there to inhibit your contribution to your role and to the business.
Are start-ups invested in you?
Job seekers often view well established or large businesses as the pinnacle of their industry due to their name and presence in the market. This is often followed by the assumption that because they are the largest, they will provide the best training, mentoring and opportunities for development. Whilst this may be the case, on the flip side working with the right start up can provide you with extraordinary short and long-term benefits.
A start up business will usually only have a few employees to begin with. By selecting you, the business is immediately making a significant investment in you, your work and your development. Rather than being just a number in the organisation, your work has a direct result on the profitability and success of the business. Therefore, your mentors and leaders will do everything possible to make sure you gain the best training! This in turn should lead to direct exposure and hands on experience that may not often be available until much further down the track in a larger organisation.
Still not sure?
Ultimately, only you can decide whether a start-up company is the right choice for you. However, by using the above information and guidance, you can make an informed choice. In the end, you need to find a business that’s equally invested in you as you are invested in them. I’m just lucky I found mine!
Part of our service offering here at Assistant Sydney includes career planning, coaching and graduate advice. Give me a call and I would be more than happy to walk with you through the best decision for you.
Assistant Sydney is a boutique recruitment firm that specialises purely in Office Support. Day in, day out, our expert team provide advice, guidance and strategy to our candidates to assist them in gaining the best results from their job search.
Please get in touch with one of our team members today, should you be looking for a new opportunity – or simply require an additional opinion on your resume.
We would love to help!