Post-COVID, the one-million-dollar question is whether corporate job life wins or if getting into a startup culture would get you better exposure. Well! Both sorts of work have their own sets of pros and cons.
According to the Global Entrepreneurship Monitor (GEM) India Report (21-22), India’s entrepreneurial activity increased in 2021, with the country’s Total Entrepreneurial Activity rate (percentage of adults (aged 18-64) who are starting or running a new business) rising to 14.4 percent in 2021, up from 5.3 percent in 2020.
Nevertheless, it ultimately depends on what suits you as per the things you look out for in life. So here is the explained version of what might work well for you.
Startups and Corporates
Every company has its different culture, depending on the size, the people, and the work pressure. But startups and big corporates slightly differ at many levels, so here’s a detailed view.
A startup environment is typically characterized by a fast-paced culture that values creativity and communication. Startups are typically smaller than large corporations, particularly in their early stages of development, allowing employees to form solid bonds and freely exchange thoughts and ideas. They can also act quickly to adjust business practices and meet shifting objectives.
Startup culture is frequently perceived as less formal than corporate culture, with less emphasis on hierarchy within teams.
In contrast, a corporate environment is often distinguished by a more structured, formal approach to company culture. Employees may be unfamiliar with colleagues outside their immediate teams or departments because many corporations employ thousands of people.
Corporations with years of experience tend to have concrete procedures, protocols, and guidelines that govern day-to-day operations. Unfortunately, this rigidity has the unintended consequence of slowing down innovative processes.
Startup Pros and Cons
Exposure and broad scope
Startups consist of different opportunities for different fields and help you get exposure to yourself. Startups take pride in their ability to move quickly. After a few months, the role you were hired for will look very different. If this excites you, a startup might be a good option.
Flexibility and Autonomy
Because of the flexibility and remote work benefits, startups are attracting an increasing number of tech employees, which is especially beneficial for workers with disabilities. This can eventually lead to better work-life balance, as many tech workers experience burnout.
Creativity and Uniqueness
In a startup environment, creative minds will thrive. Small businesses frequently encourage experimentation and unconventional thinking. However, the larger the company, the more disciplined and resistant to change it is.
More Responsibilities and Less Structure
It’s common knowledge that startup employees wear many hats; they must take on responsibilities wherever possible because teams are small. This may appeal to you if you enjoy having a variety of tasks on a daily basis.
The minimal structure is another feature shared by new and growing businesses. There are less defined roles and responsibilities, just as employees have varying tasks.
Corporate Pros and Cons
Stability and Fixed Roles
You can benefit from more excellent stability and well-defined roles in a corporate setting. For example, some startups expect you to hit the ground running on day one with little to no orientation. In contrast, in a corporate environment, there is typically a well-developed protocol for onboarding, preparing you for success in your role.
More excellent stability and fixed roles give you a sense of relief because the other morning you step into the office, you shall not think of all the work you need to do.
While startups provide employees with high-value equity, large corporations are known for providing a stable salary and excellent benefits. In addition, corporations provide employees with a sense of security, whereas startups are frequently high-risk, high-reward situations. So when the month comes to an end, you can be sure that you will be paid for the work and efforts you’ve put in.
If you prefer a 9-to-5 job, you’ll probably enjoy working in a corporate setting. Working long or unusual hours is the norm with limited resources and staff. You may be expected to respond to an email after 5 p.m. on a Friday or to participate in a Sunday conference call. It leads to a perfect work-life balance. In the corporate world, nobody would ask you to stay back after your shift or give you a work call at any hour of the day.
Startups are very well-known for their fast-paced journey; on the other hand, big corporates take months to implement changes because there are too many eyes throughout every process. Any change in any big tech corporate goes through a hierarchy level to be approved and implemented.
Startups and corporations do not have to be mutually exclusive. Startup characteristics can be found in large corporations and vice versa. In fact, many corporations have begun forming innovation teams to respond to change more quickly. So the question is, do you want to work as an entrepreneur or an employee? Once you sort the question where you see yourself in the next ten years, friends, you’re on your way to ace the journey.
Hope you liked this blog!
For more blogs, please click here.