Thinking of
joining a Startup? Decision to work in a startup can be, exciting and
challenging at the same time. The success of companies like Facebook, OYO, and Airbnb, etc. immensely accelerated growth opportunities for its employees like no other
established company could, during their growth years.
But this success does not
come without risks, data is proof that most of the small businesses fail as
well. Here are some ways to build successful Startups.
A right team is an important element for the success of these new
businesses. This makes it all the more
important for the founders to join hands with right people who are enthusiastic,
mission-driven, and who can help them succeed.
Joining
a startup immediately after MBA can prove to be very instrumental in shaping an
individual into a prolific business leader. Since these are the formative years
of a career, a startup gives you a substantial opening to learn about the core
and substance of making businesses successful and to understand what causes
failures.
This exciting endeavor lets you figure out what you ‘want’ to do and
‘how’ to reach there. This is the time that every business is on a discovery path,
taking risks and making mistakes. This can be a catalyst to one’s career path
since you get to build things from ground and up. The skillsets built during
this period will have a lifetime impact and the achievements get noticed easily.
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Therefore, joining
a startup is definitely going to be the right move. From building a company to
raising money, choosing market channels, seeking customers and more, one learns
how to build a large successful organization.
Here are the top 4
positives that should not be ignored when making a well-informed decision about
working with a startup.
1. Distinctive
Growth Path
A handsome salary
is not the only motivating factor for best of the candidates. The learning
opportunity, the growth path, and a challenging career are what the best people
get attracted to. Placed in a right position where one develops new skills and
doing things that other job opportunities can’t offer polishes MBA skills.
They
get to pitch their abilities in such growing environments and their impact on
multiple parts of the business can directly be seen through the growth of the
company.
The expanding new
businesses grow at an exponential rate than the established corporates. This typically
means ample exposure to challenging new projects which may involve launching
new products, entering new territories, leveraging markets that do not have talented
people to lead.
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In such scenarios, the charge is often assigned to the people
from within. The next promotion does not rely on the policies; it is based upon
the next ambition and phase of the company. A major positive about the growth
path in an emergent startup is that people grow together professionally and
personally, which keeps the tempo of how they see each other grow.
2. Faster
Learning
Learning in a startup can beat the knowledge gained from experience. These companies have
less access to manpower where employees have to juggle between different roles.
Team is small, hierarchies are not too long, and work culture is exciting and
vibrant, unlike the corporates where it is difficult to prove your worth among
thousands of employees and too long hierarchies.
Multitasking is
the most important lesson that these new companies can make you strong at.
Since there is no scope to complain, it will teach you how to deal with work
pressures and take responsibility for successful execution of assigned work.
One needs to
self-learn and figure out things on their own and the results will prove to be
the most invaluable moral for the future course of your career. It gives you
chance to observe failures closely and fear failure less.
The startups have
to work through trial and error most often in the life of their business. Here
one learns to accept failure and moves on to make stronger and wiser decisions.
Every business
requires you to take calculated risks, which is in fact a skill that keeps you
in business. The world is an ever changing place and learning new things and
de-learning old theories is the only strategy that keeps you moving.
Choosing
to work with startups in the initial years will ensure that you are not afraid
of risks. Your risk taking skills will be honed here. As you progress in life, there will be
instances where you will have to make decisions without all the information
necessary at your command.
Trusting your instincts and making a decision based
on calculated risk-taking is a skill that will prove valuable and can be
learned only from these environments.
The continual ups
and downs teach how to be adaptable in a given workplace. Adaptability is one
core skill that most employers seek. The employees of a budding company
become flexible and agile. The ever-changing workplace situations constantly upskill
them to embrace and adapt to change quickly.
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3. Face
Time with the Core Company Leaders
While working in a
corporate, the employees hardly get a direct interface with the top management
teams of the company. In a powering up company, even the new employees get time
to come face to face with the founders and core teams.
These interactions are priceless
and interesting for the new MBAs as this can be a unique way to learn and pick
advice and insights from them. Having access to top people allows you to
directly ask questions and present your point of view, which in turn lets you
leave your mark.
For any company,
the top leaders are surely a set team of motivated, talented individuals who
work hard towards building a sustainable business. These are the people who are
passionate about their work, ready to help those who want the company to be successful.
Direct interaction with them lets you experience and see how the companies grow.
You get to learn how to scale a business and it empowers you to have more
influence in the operations of the company. Being able to propose your ideas to
them will give you good exposure for further and faster advances.
4. Scope
for Autonomy
Many MBA graduates
like the fact that small and new companies give them more autonomy than any big
established company. They can set their own parameters, bring up their ideas
and make their decisions to execute their goal lines.
Since there is no
protocol recognized by these companies, go-getters can work without boundations
and the impact that they make are clearly visible.
Autonomy promotes an
MBA graduates’ self-development, which is again important for the organization’s
sustainable development. Job autonomy is also directly related to employee’s intrinsic
motivation and overall positivity inside the organization.
Leaders in startups
vest their trust in their team members to perform tasks delegated to them. They
also accept the risks involved with their subsequent actions, leading to a
culture that promotes risk taking.
Conclusion
Choosing to work
in a startup immediately after an MBA is not always easy. If you have decided
to embrace the risks involved, there can be no better and a fulfilling experience
than this.
It is worth your career journey because there are many ways in which
these growing companies add value to career and personality of its employees.
The passion to work hard and for transitioning a new firm to a large company can
only be ignited and sustained in a learning environment like a startup.
Lessons learned
from a startup are invaluable for the rest of your career. The early employees of startups are a part of all important business operations. You see a company is
built from the ground and you are a front row employee always.
With getting a
part to play in strategic decisions of a company, there can be no better way to
understand a business.
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