If you are considering taking a job at a startup, there are several things to keep in mind. It is often a particular personality type that thrives in the startup environment, so you may want to determine if it sounds like something you would enjoy. While startups can be a great way to get experience fast, they can also be a recipe for burnout.
Many people find they prefer the more predictable, if slightly duller, aspect of traditional employment.
Refinance Your Student Loans.
Before making the jump to an unpredictable work environment, you may want to consider refinancing your student loans. Refinancing can help you out in several ways. Combining multiple student loans into one refinance allows you to have all of your student loan debt in one payment. You can save money on interest and lower your monthly payment. Extending repayment options can remove some of the stress that comes along with the uncertainty that comes with working at a startup.
Understand the Finances.
When you take a job at an established business, you generally don’t need to worry whether your paycheck will show up each week. The startup world is a little different. There are various stages of funding in these companies, from small businesses that only have the owner as investors, to larger ventures backed by huge investment firms. Knowing where the money is coming from, and that it is indeed coming, can help you make a smart choice when taking a job.
Be Honest About What You Look for in a Job.
When you take a job at a large corporation, you can generally count on being able to handle the assignments you are hired to do. If you find yourself stuck, you can typically locate someone who has a solid understanding of the project and help you out. This makes it easy to do a great job. You have time to focus on your work and mentors to guide you to success. Working for a startup is very different. Regardless of the size, there are probably fewer employees available than are needed to fill all the roles. No matter what you were hired to do, you will probably find yourself working outside of your area of expertise. Timelines are often tight, and it can be hard to walk away from your work at the end of the day.
This can be a great atmosphere for growth, but it can also create a tremendous amount of stress. If you are required to do too much work outside your skillset, you may find your confidence shaken. Even if the people you work with are great, the constant demands can create burnout. Startups can be a great opportunity, but they aren’t for everyone. They also aren’t for every stage of your life. You may be in a situation where you have the time and energy to devote to this type of work for a few years. It can be a great learning experience. You may be in a situation where, despite your interest in the job, your responsibilities in your home life are not conducive to taking on this type of employment. Understanding the expectations of the situation helps you may an informed choice.