In Case Of Startups

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<br>A major reason why companies fail, is that they run into the problem of their being little or no market for the product that they have built. Here are some common symptoms:<br><br><br>- There is not a compelling enough value proposition, or compelling event, to cause the buyer to actually commit to purchasing. Good sales reps will tell you that to get an order in today’s tough conditions, you have to find buyers that have their "hair on fire",  [http://waldseer-fasnachtswiki.de/index.php?title=Does_Successful_Startups_Sometimes_Make_You_Feel_Stupid startup growth] or are "in extreme pain". You also hear people talking about whether a product is a Vitamin (nice to have), or an Aspirin (must have).<br>- The market timing is wrong. You could be ahead of your market by a few years,  [http://palz.one/index.php?title=Some_Tech_Startups_Create_Products_For_Other_Businesses Startup Growth] and they are not ready for  startup resources your particular solution at this stage. For example when EqualLogic first launched their product, iSCSI was still very early, and it needed the arrival of VMWare which required a storage area network to do [http://sportsrants.com/?s=VMotion VMotion] to really kick their market into gear. Fortunately they had the funding to last through the early years.<br>- The market size of people that have pain,  [https://aarth-codex.com/index.php/User:ZDTTracy15 startup growth] and have funds is simply not large enough<br><br>Reason 2: Business Model Failure<br><br>As outlined in the introduction to Business Models section,  startup community after spending time with hundreds of startups, I realized that one of the most common causes of failure in the startup world is that entrepreneurs are too optimistic about how easy it will be to acquire customers. They assume that because they will build an interesting web site, product, or service, that [https://Www.Biggerpockets.com/search?utf8=%E2%9C%93&term=customers customers] will beat a path to their door. That may happen with the first few customers, but after that, it rapidly becomes an expensive task to attract and win customers,  [https://poc.openig.org/wiki/index.php/Utilisateur:MollyAul374705 startup growth] and in many cases the cost of acquiring the customer (CAC) is actually higher than the lifetime value of that customer (LTV).<br><br><br>The observation that you have to be able to acquire your customers for less money than they will generate in value of the lifetime of your relationship with them is stunningly obvious. Yet despite that, I see the vast majority of entrepreneurs failing to pay adequate attention to figuring out a realistic cost of customer acquisition.  If you treasured this article and also you would like to obtain more info pertaining to [http://gorgonislandonline.com/__media__/js/netsoltrademark.php?d=startupgrowth.asia startup growth] kindly visit our site. A very large number of the business plans that I see as a venture capitalist have no thought given to this critical number,  [https://poc.openig.org/wiki/index.php/Open_The_Gates_For_Successful_Startups_By_Making_Use_Of_These_Simple_Tips startup growth] and as I work through the topic with the entrepreneur,  startup growth they often begin to realize that their business model may not work because CAC will be greater than LTV.<br><br>The Essence of a Business Model<br><br>As outlined in the Business Models introduction, a simple way to focus on what matters in your business model is look at these two questions:<br><br><br>- Can you find a scalable way to acquire customers<br>- Can you then monetize those customers at a significantly higher level than your cost of acquisition<br><br><br>Thinking about things in such simple terms can be very helpful. I have also developed two "rules" around the business model, which are less hard and  [http://cokeexchange.com/wookie/index.php?title=39_Top_Fintech_Companies_Startups_To_Be_Aware_Of_2020 Startup Growth] fast "rules, but more guidelines. These are outlined below:<br><br>The CAC / LTV "Rule"<br><br>The rule is extremely simple:<br><br>- CAC must be less than LTV<br><br>CAC = Cost of Acquiring a Customer<br> LTV = Lifetime Value of a Customer<br><br><br>To compute CAC, you should take the entire cost of your sales and marketing functions, (including salaries, marketing programs, lead generation, travel, etc.) and divide it by the number of customers that you closed during that period of time. So for example, if your total sales and marketing spend in Q1 was $1m, and you closed 1000 customers, then your average cost to acquire a customer (CAC) is $1,000.<br><br><br>To compute LTV, you will want to look at the gross margin associated with the customer (net of all installation, support, and operational expenses) over their lifetime. For businesses with one time fees, this is pretty simple. For businesses that have recurring subscription revenue, this is computed by taking the monthly recurring revenue, and dividing that by the monthly churn rate.<br><br><br>Because most businesses have a series of other functions such as G&A, and Product Development that are additional expenses beyond sales and marketing, and delivering the product, for a profitable business, you will want CAC to be less than LTV by some significant multiple. For SaaS businesses, it seems that to break even, that multiple is around three, and that to be really profitable and generate the cash needed to grow, the number may need to be closer to five. But here I am interested in getting feedback from the community on their experiences to test these numbers.<br><br>The Capital Efficiency "Rule"<br><br>If you would like to have a capital efficient business, I believe it is also important to recover the cost of acquiring your customers in under 12 months. Wireless carriers and banks break this rule, but they have the luxury of access to cheap capital. So stated simply, the "rule" is:<br><br>- Recover CAC in less than 12 months<br><br>Reason 3: Poor Management Team<br><br><br>An incredibly common problem that causes startups to fail is a weak management team. A good management team will be smart enough to avoid Reasons 2, 4, and 5. Weak management teams make mistakes in multiple areas:<br><br><br>- They are often weak on strategy, building a product that no-one wants to buy as they failed to do enough work to validate the ideas before and during development. This can carry through to poorly thought through go-to-market strategies.<br> - They are usually poor at execution, which leads to issues with the product not getting built correctly or on time, and the go-to market execution will be poorly implemented.<br> - They will build weak teams below them. There is the well proven saying: A players hire A players, and B players only get to hire C players (because B players don’t want to work for other B players). So the rest of the company will end up as weak, and poor execution will be rampant.<br> - etc.<br><br>Reason 4: Running out of Cash<br><br>A fourth major reason that startups fail is because they ran out of cash. A key job of the CEO is to understand how much cash is left and whether that will carry the company to a milestone that can lead to a successful financing, or to cash flow positive.<br><br>Milestones for Raising Cash<br><br>The valuations of a startup don’t change in a linear fashion over time. Simply because it was twelve months since you raised your Series A round, does not mean that you are now worth more money. To reach an increase in valuation, a company must achieve certain key milestones. For a software company, these might look something like the following (these are not hard and fast rules):<br><br><br>- Progress from Seed round valuation: goal is to remove some major element of risk. That could be hiring a key team member, proving that some technical obstacle can be overcome, or building a prototype and getting some customer reaction.<br> - Product in Beta test, and have customer validation. Note that if the product is finished, but there is not yet any customer validation, valuation will not likely increase much. The customer validation part is far more important.<br> - Product is shipping, and some early customers have paid for it, and are using it in production, and reporting positive feedback.<br> - Product/Market fit issues that are normal with a first release (some features are missing that prove to be required in most sales situations, etc.) have been mostly eliminated. There are early indications of the business starting to ramp.<br> - Business model is proven. It is now known how to acquire customers, and it has been proven that this process can be scaled. The cost of acquiring customers is acceptably low, and it is clear that the business can be profitable, as monetization from each customer exceeds this cost.<br> - Business has scaled well, but needs additional funding to further accelerate expansion. This capital might be to expand internationally, or to accelerate expansion in a land grab market situation, or could be to fund working capital needs as the business grows.<br><br>What goes wrong<br><br>What frequently goes wrong, and leads to a company running out of cash, and unable to raise more, is that management failed to achieve the next milestone before cash ran out. Many times it is still possible to raise cash, but the valuation will be significantly lower.<br><br>When to hit Accelerator Pedal<br><br>One of a CEO’s most important jobs is knowing how to regulate the accelerator pedal. In the early stages of a business, while the product is being developed, and the business model refined, the pedal needs to be set very lightly to conserve cash. There is no point hiring lots of sales and marketing people if the company is still in the process of finishing the product to the point where it really meets the market need. This is a really common mistake, and will just result in a fast burn, and lots of frustration.<br><br><br>However, on the flip side of this coin, there comes a time when it finally becomes apparent that the business model has been proven, and that is the time when the accelerator pedal should be pressed down hard. As hard as the capital resources available to the company permit. By "business model has been proven", I mean that the data is available that conclusively shows the cost to acquire a customer, (and that this cost can be maintained as you scale), and that you are able to monetize those customers at a rate which is significantly higher than CAC (as a rough starting point, three times higher). And that CAC can be recovered in under 12 months.<br><br><br>For first time CEOs, knowing how to react when they reach this point can be tough. Up until now they have maniacally guarded every penny of the company’s cash, and held back spending. Suddenly they need to throw a switch, and start investing aggressively ahead of revenue. This may involve hiring multiple sales people per month, or spending considerable sums on SEM. That switch can be very counterintuitive.<br><br>Reason 5: Product Problems<br><br>Another reason that companies fail is because they fail to develop a product that meets the market need. This can either be due to simple execution. Or it can be a far more strategic problem, which is a failure to achieve Product/Market fit.<br><br><br>Most of the time the first product that a startup brings to market won’t meet the market need. In the best cases, it will take a few revisions to get the product/market fit right. In the worst cases, the product will be way off base, and a complete re-think is required. If this happens it is a clear indication of a team that didn’t do the work to get out and validate their ideas with customers before, and during, development.<br>
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<br>Working Startup - This is the age of millenials. They love to take risk and jump off from the bed with excitement when they think about any entrepreneurial venture. But not all start a venture right away. Most of the millenials begin to work in a startup to feel the trill and excitement of an entrepreneurial venture. But if you’re one of them, do you know there’s other side to it as well? If you think you need to face the reality, this is the piece you should definitely read.<br><br><br>In this article, we will talk about the cons and pros of working for a startup. Yes there are a lot of working for a startup benefits, but there are dark spots as well. This article is written with the purpose of helping you decide whether you should join a startup or not. Let’s look at the cons first and then we will look at the bright side.<br><br>Start Your Free Human Resource (HR) Course<br><br>Human resource processes, human resources management & others<br><br>Read on. If you’ve been selected for a job in a startup, this is a must read for you.<br><br>Demerits of working for a startup<br><br><br>To begin with let’s talk about the most challenging ones and then we will conclude with the tiny ones that you may handle with your hard work and dedication.<br><br>- The risk is distributed on you as a member of the company<br><br>Starting a venture carries huge risk. A very faint hearted person is not the ideal one for handling the stress of starting an entrepreneurial venture. But the companies which are in the market for a long time have already taken the risk and handled it well, that’s why they still exist. In case of startups, the risk is still on and the members of the company are much less. So, by virtue of being in a team, when there’s a risk to be taken, like funding a new project or borrowing a huge sum of money from debtors, you also get affected in the process. If you’re ready to be part of that risk-taking team and often failing at doing something, you can choose to join a startup. Remember you’re holding a new-born baby in your hand which is very feeble. If you’re not careful, the baby can affect you and also itself in the process.<br><br>- Money<br><br>The startup is usually the place where people expect to earn more. But the reality is different.  Should you have virtually any issues with regards to where in addition to how you can make use of [http://www.wmur.org/__media__/js/netsoltrademark.php?d=startupgrowth.asia Startup Growth], you'll be able to e mail us in our internet site. All the startups are bottlenecked for financing themselves and always worry about getting funding. If the startup is not well-funded then it’s difficult to run on or even exist. During this situation how would you expect that you’ll be paid more than the industry standards? You won’t. Maximum you will get some more benefits, but if you’re eyeing on the money, you will be thoroughly disappointed. If you’re considering the option of joining a startup, think twice. If money is important to you, then maybe you need to look through options in the market other than the startups.<br><br>- Effort<br><br>Most people talk about opportunity cost when they need to invest their money into something. But do you think that our effort has an opportunity cost too? For  [https://minecraftathome.com/minecrafthome/view_profile.php?userid=7453554 startup growth] example, if you invest all your effort in one project, then you’ll be left with nothing for other things. Our effort-making capability is limited and we can only put our effort into things that matter to us (unconsciously or consciously). Think about it, what if your effort would be able to create better fruits if you would’ve invested it elsewhere?<br><br><br>In a startup, you need to put all your effort. You’re left with nothing but the rest time for the day. It’s like building a business, but never owning it. So, before you join any startup think about why you want to join and also ponder over the opportunity cost of effort you need to bear for the same.<br><br>- Security<br><br>You may be a sort of person who is not risk-averse. But it’s foolish to put all your years in something that doesn’t give you enough security. Do you think any customer will love a company which doesn’t provide security to the customer in the form of guarantees and excellent customer service? No. Same with you!<br><br><br>If you want to join a startup, you need at least the security of a job, a fixed pay (because you’re investing majority of your life there) and good working in a startup environment. A startup may offer you a good working environment, but it may so happen that there’s no security of the job that you do or will do. What then?<br><br><br>Remember, we’re not talking about safety here. It’s okay to go beyond your safety zone and  startup resources reach for your full potential. All professionals shouldn’t worry about that. But it’s about security, the basic criteria for a professional life - salary at the end of the month, long term commitment and good people. A startup is not always able to provide all three. You may take the risk, but think and prepare before you join.<br><br>- Stress<br><br>Having stress is not always a bad thing, but if it’s distress then you should think about dealing with it upfront.<br><br><br>As you can understand in high intensity environment, under too much workload experiencing distress is a natural phenomenon. So, if you join a startup you also need to think about how you would deal the by-product distress.<br><br>- Lack of structure<br><br>Very rarely a startup has the needed structure to operate at a level of making profits. What are the reasons? The people who lead are mostly un-experienced and they don’t know how to handle people all the time. As a result of that, the startup gets started with a passion, but not always finds the right direction.<br><br><br>Even there is no unity of command which decides what should one do and whom that person would report to. Thus, it creates a chaos in the environment and proper workflow is being disturbed.<br><br><br>Even the processes are not in co-ordination always. Because things are just starting out and the founders are relatively less-experienced.<br><br>Recommended courses<br><br>Certification Training in Offline Marketing<br>Mass Communication Training<br>Course on Mass Communication for Business<br><br>Advantages of joining a startup<br><br>Having said that, joining a startup has also some advantages! Giant organizations are unable to provide such benefits. And thus, you may feel inspired to join a startup once you know them.<br><br><br>Working in a startup is not everyone’s cup of tea. By going through following advantages you would understand  startup resources why.<br><br>- You’re more responsible in a startup<br><br>If you’re one of a kind who says - "I don’t want anyone to tell me what to do always. I want to do my stuff all by myself." If you’re like that, then maybe a startup will provide you with the autonomy you want. So, naturally you become more responsible working for a startup.<br><br><br>The most important thing when you work in a startup is there are very few members in the organization. So you get to handle a ton of projects all by yourself and you get to talk to the senior management right away. Even you become responsible for making a lot of meaningful decisions which affect the future of the organization.<br><br><br>Imagine yourself being an entrepreneur. You get to do all by yourself. If dream of being an entrepreneur in future, here’s your chance! Join a startup, learn the things and then start on your own.<br><br>- Freedom<br><br>People who like to become entrepreneurs often like it because they want freedom; freedom to create whatever they want to create, freedom to earn as much they would want to make and freedom to schedule their time as per their own convenience. But truth is you can get that freedom without taking the risk of an entrepreneur. You can do that simply by joining a startup.<br><br>How?<br><br>Here’s how.<br><br><br>Once you join a startup and if you take care of content, you would be viewed as a content strategist, content head and content builder. If it’s about content they will come to you. And at the same time, you can be flexible about your work. You can choose the work hours and do your part to make the organization reap benefits.<br><br><br>So once you join a startup, you have the freedom to be owner of your little corner, you can choose your time of work and at the same time help the organization build itself by utilizing your skills and  startup knowledge business acumen.<br><br>It’s all an entrepreneur wants. Don’t you?<br><br>- More challenges<br><br><br>When you join a startup and become a part of a small dynamic team, you have more responsibility. With more responsibility, you need to make more decisions. And quite often than not, you make mistakes. Mistake is part of being human. More mistakes you make (not similar ones), more challenges you face to make them right.<br><br><br>And those challenges make you a better professional, teach you a ton and make you prepared for any contingency.<br><br><br>So,  [http://wiki.genki.dk/wiki/User:EvieE7665110697 Startup Growth] if you join a startup, one thing is clear - you would become a great crisis manager. If you don’t handle the crisis, there is none who can do that. So,  [http://wiki.genki.dk/wiki/User:AnneMedeiros9 Startup Growth] you learn faster, better and gradually go toward making yourself an indispensible employee of the organization. In big organizations, the chances of making mistakes are very limited. People on the top don’t allow you to do things your way, thus you’re always wary of making mistakes as well as making progress and learning a thing or two.<br><br><br>Challenges make you a better professional. If you join a startup then you would become a better professional.<br><br>- Steep learning curve<br><br>As you’re allowed to make mistakes in a startup, you will grow multifold. In startup, if you don’t learn you would not be able to decide what would be beneficial for the company in coming future.<br><br><br>So, you feel compelled to learn more, learn faster and better and gradually become a learning machine. It has many good side-effects. You become indispensible for the company. You learn so many skills faster than any of your peers working in a giant company. You begin to handle things better. You start to make good decisions because you’re allowed to make some terrible decisions in the beginning. And lastly, you soon reach a position from which you can lead a whole team under your supervision.<br><br><br>Startup environment is unstructured and complex and thus you learn much more than any structured organization.<br><br>- Get to higher rung easily<br><br>Most startup organizations follow a flat structure. So the people who are the best win. There is little or no bureaucracy in the organization. If you’re good and work hard, you will win at the end of the day.<br><br><br>In a startup, there is less room for succession planning because people are very less. So, if you’re there in a startup for last 5 years, you’ve an opportunity to become the senior manager or vice president of a department very easily. Yes, you need to prove your worth as a professional and you need to most consistently show that you are someone who can be trusted and given more responsibility.<br><br><br>Thus, in a startup, you always have better [https://www.sportsblog.com/search?search=opportunities opportunities] for growth and learning. But there is also risk involved.<br><br><br>If you ask now whether you should join a startup or not, it’s a wrong question. The right question would be - "Am I ready to take the risk of an entrepreneur and would like to grow multifold?" If this is the question and you believe that you’re perfect one for the role with your inherent belief and sentiment then of course you should join a startup and fuel your dreams.<br><br><br>But not everyone would be ready to sacrifice their security of a pay-check and join a startup. This article is thus a reality check for those who think that they can join a startup.<br><br><br>If you’re not willing to take risk, don’t join a startup. But if you feel that you’ve an ambition to start something on your own one day and you need training ground to do just that, you can investment your first 5-10 years in a startup which will help you build your foundation and offer you opportunities that will challenge you and make you a better professional.<br>

Aktuelle Version vom 9. Dezember 2020, 11:50 Uhr


Working Startup - This is the age of millenials. They love to take risk and jump off from the bed with excitement when they think about any entrepreneurial venture. But not all start a venture right away. Most of the millenials begin to work in a startup to feel the trill and excitement of an entrepreneurial venture. But if you’re one of them, do you know there’s other side to it as well? If you think you need to face the reality, this is the piece you should definitely read.


In this article, we will talk about the cons and pros of working for a startup. Yes there are a lot of working for a startup benefits, but there are dark spots as well. This article is written with the purpose of helping you decide whether you should join a startup or not. Let’s look at the cons first and then we will look at the bright side.

Start Your Free Human Resource (HR) Course

Human resource processes, human resources management & others

Read on. If you’ve been selected for a job in a startup, this is a must read for you.

Demerits of working for a startup


To begin with let’s talk about the most challenging ones and then we will conclude with the tiny ones that you may handle with your hard work and dedication.

- The risk is distributed on you as a member of the company

Starting a venture carries huge risk. A very faint hearted person is not the ideal one for handling the stress of starting an entrepreneurial venture. But the companies which are in the market for a long time have already taken the risk and handled it well, that’s why they still exist. In case of startups, the risk is still on and the members of the company are much less. So, by virtue of being in a team, when there’s a risk to be taken, like funding a new project or borrowing a huge sum of money from debtors, you also get affected in the process. If you’re ready to be part of that risk-taking team and often failing at doing something, you can choose to join a startup. Remember you’re holding a new-born baby in your hand which is very feeble. If you’re not careful, the baby can affect you and also itself in the process.

- Money

The startup is usually the place where people expect to earn more. But the reality is different. Should you have virtually any issues with regards to where in addition to how you can make use of Startup Growth, you'll be able to e mail us in our internet site. All the startups are bottlenecked for financing themselves and always worry about getting funding. If the startup is not well-funded then it’s difficult to run on or even exist. During this situation how would you expect that you’ll be paid more than the industry standards? You won’t. Maximum you will get some more benefits, but if you’re eyeing on the money, you will be thoroughly disappointed. If you’re considering the option of joining a startup, think twice. If money is important to you, then maybe you need to look through options in the market other than the startups.

- Effort

Most people talk about opportunity cost when they need to invest their money into something. But do you think that our effort has an opportunity cost too? For startup growth example, if you invest all your effort in one project, then you’ll be left with nothing for other things. Our effort-making capability is limited and we can only put our effort into things that matter to us (unconsciously or consciously). Think about it, what if your effort would be able to create better fruits if you would’ve invested it elsewhere?


In a startup, you need to put all your effort. You’re left with nothing but the rest time for the day. It’s like building a business, but never owning it. So, before you join any startup think about why you want to join and also ponder over the opportunity cost of effort you need to bear for the same.

- Security

You may be a sort of person who is not risk-averse. But it’s foolish to put all your years in something that doesn’t give you enough security. Do you think any customer will love a company which doesn’t provide security to the customer in the form of guarantees and excellent customer service? No. Same with you!


If you want to join a startup, you need at least the security of a job, a fixed pay (because you’re investing majority of your life there) and good working in a startup environment. A startup may offer you a good working environment, but it may so happen that there’s no security of the job that you do or will do. What then?


Remember, we’re not talking about safety here. It’s okay to go beyond your safety zone and startup resources reach for your full potential. All professionals shouldn’t worry about that. But it’s about security, the basic criteria for a professional life - salary at the end of the month, long term commitment and good people. A startup is not always able to provide all three. You may take the risk, but think and prepare before you join.

- Stress

Having stress is not always a bad thing, but if it’s distress then you should think about dealing with it upfront.


As you can understand in high intensity environment, under too much workload experiencing distress is a natural phenomenon. So, if you join a startup you also need to think about how you would deal the by-product distress.

- Lack of structure

Very rarely a startup has the needed structure to operate at a level of making profits. What are the reasons? The people who lead are mostly un-experienced and they don’t know how to handle people all the time. As a result of that, the startup gets started with a passion, but not always finds the right direction.


Even there is no unity of command which decides what should one do and whom that person would report to. Thus, it creates a chaos in the environment and proper workflow is being disturbed.


Even the processes are not in co-ordination always. Because things are just starting out and the founders are relatively less-experienced.

Recommended courses

Certification Training in Offline Marketing
Mass Communication Training
Course on Mass Communication for Business

Advantages of joining a startup

Having said that, joining a startup has also some advantages! Giant organizations are unable to provide such benefits. And thus, you may feel inspired to join a startup once you know them.


Working in a startup is not everyone’s cup of tea. By going through following advantages you would understand startup resources why.

- You’re more responsible in a startup

If you’re one of a kind who says - "I don’t want anyone to tell me what to do always. I want to do my stuff all by myself." If you’re like that, then maybe a startup will provide you with the autonomy you want. So, naturally you become more responsible working for a startup.


The most important thing when you work in a startup is there are very few members in the organization. So you get to handle a ton of projects all by yourself and you get to talk to the senior management right away. Even you become responsible for making a lot of meaningful decisions which affect the future of the organization.


Imagine yourself being an entrepreneur. You get to do all by yourself. If dream of being an entrepreneur in future, here’s your chance! Join a startup, learn the things and then start on your own.

- Freedom

People who like to become entrepreneurs often like it because they want freedom; freedom to create whatever they want to create, freedom to earn as much they would want to make and freedom to schedule their time as per their own convenience. But truth is you can get that freedom without taking the risk of an entrepreneur. You can do that simply by joining a startup.

How?

Here’s how.


Once you join a startup and if you take care of content, you would be viewed as a content strategist, content head and content builder. If it’s about content they will come to you. And at the same time, you can be flexible about your work. You can choose the work hours and do your part to make the organization reap benefits.


So once you join a startup, you have the freedom to be owner of your little corner, you can choose your time of work and at the same time help the organization build itself by utilizing your skills and startup knowledge business acumen.

It’s all an entrepreneur wants. Don’t you?

- More challenges


When you join a startup and become a part of a small dynamic team, you have more responsibility. With more responsibility, you need to make more decisions. And quite often than not, you make mistakes. Mistake is part of being human. More mistakes you make (not similar ones), more challenges you face to make them right.


And those challenges make you a better professional, teach you a ton and make you prepared for any contingency.


So, Startup Growth if you join a startup, one thing is clear - you would become a great crisis manager. If you don’t handle the crisis, there is none who can do that. So, Startup Growth you learn faster, better and gradually go toward making yourself an indispensible employee of the organization. In big organizations, the chances of making mistakes are very limited. People on the top don’t allow you to do things your way, thus you’re always wary of making mistakes as well as making progress and learning a thing or two.


Challenges make you a better professional. If you join a startup then you would become a better professional.

- Steep learning curve

As you’re allowed to make mistakes in a startup, you will grow multifold. In startup, if you don’t learn you would not be able to decide what would be beneficial for the company in coming future.


So, you feel compelled to learn more, learn faster and better and gradually become a learning machine. It has many good side-effects. You become indispensible for the company. You learn so many skills faster than any of your peers working in a giant company. You begin to handle things better. You start to make good decisions because you’re allowed to make some terrible decisions in the beginning. And lastly, you soon reach a position from which you can lead a whole team under your supervision.


Startup environment is unstructured and complex and thus you learn much more than any structured organization.

- Get to higher rung easily

Most startup organizations follow a flat structure. So the people who are the best win. There is little or no bureaucracy in the organization. If you’re good and work hard, you will win at the end of the day.


In a startup, there is less room for succession planning because people are very less. So, if you’re there in a startup for last 5 years, you’ve an opportunity to become the senior manager or vice president of a department very easily. Yes, you need to prove your worth as a professional and you need to most consistently show that you are someone who can be trusted and given more responsibility.


Thus, in a startup, you always have better opportunities for growth and learning. But there is also risk involved.


If you ask now whether you should join a startup or not, it’s a wrong question. The right question would be - "Am I ready to take the risk of an entrepreneur and would like to grow multifold?" If this is the question and you believe that you’re perfect one for the role with your inherent belief and sentiment then of course you should join a startup and fuel your dreams.


But not everyone would be ready to sacrifice their security of a pay-check and join a startup. This article is thus a reality check for those who think that they can join a startup.


If you’re not willing to take risk, don’t join a startup. But if you feel that you’ve an ambition to start something on your own one day and you need training ground to do just that, you can investment your first 5-10 years in a startup which will help you build your foundation and offer you opportunities that will challenge you and make you a better professional.

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