Loads of people keep asking themselves whether they should work in a startup or in a corporation. An apparent rivalry between these two working environments seems to have emerged. Does a corporate life suits you best? The same goes for startups!
To give you a better idea of what it’s like to work in a startup/corporate environment and help you make up your mind, you’ll find below an infographic showing you the contrast between the two.
Now it’s time for you to know what each of these two working places presumes and check your level of compatibility with them.
Startup vs Corporate Life: What’s best for you?
Since in startups all the work is produced through individual initiatives, it makes sense that it is more demanding. In the corporate life, everything is less demanding because the work is usually generated by clients or by the managers. The main thing the employee has to do is to solve them, while meeting some established objectives and targets.
2| Your impact as an employee
Startups are small businesses. This is why they are very vulnerable and every employee as its own powerful impact. It only takes one employee’s failure to drag down the whole company, jut like the other way around works too.
In a corporation, your actions might not even count or have an impact on the general business.
Startups are all about flexibility. Being able to adapt to a series of unexpected situations and managing them successfully, especially at the beginning of the startup. You can basically wear as many hats as you want.
In a corporation, you are given a certain area in the development of a product or service and you are in charge of it. You become an expert and get rid of volatility.
4| Learning new things
When working in a startup, you end up learning a lot of new things. You may handle multiple tasks at once and they all might change unexpectedly. The chances of receiving training are quite rare, so you are the only responsible for your professional upbringing.
Working in a corporation will provide you with everything you need in order to grow. Unlike a startup where the learning curve will remain steep, in a corporation this curve will start steep and slowly but surely become flat.
5| Being part of the team
In a startup, if you fail, so does your team. If you are successful, so will your team be.
Targets or not don’t have almost any impact on your co-workers. But the competition can be quite high and fiercely.
6| The income
Startups can be quite risky, especially in early stages. The amount of ressources is limited, so you cannot expect a high income. It is definitely going to be lower than the average income on the market, so you will probably need to make some adjustments in your lifestyle. BUT, if the startup succeeds, not only will your income rise, but so will your sense of achieving something really important to you!
Corporations on the other hand, have a standardized income that is brought to the average level of the market. It may vary according to the market’s value and it can also go through some minor changes as you advance.
7| The commitment
A corporation could easily give you a sense of order in life. You can leave work when the program ends and find your tasks the very next morning, just the way you left them.
The downside of a startup is that you get almost no breaks. If you really want to make it work, forget about vacation days, sick days or simply not being there. Things depend on you, as every employee’s work is intertwined with others’.
8| The benefits
The atmosphere in a startup is very relaxed. Even though employees can enjoy a wide array of pleasant activities, free food or drinks, the benefits don’t usually match with a corporation’s one, especially during the early stages.
Working in a corporation will ensure you some more significant perks. You will get life insurance, gym membership and many other benefits. As a matter of fact, these big organizations have the tendency to design their hiring positions around these advantages, since it gets harder and harder to find the right kind of talent.
9| Office Administration
Startups are all about emphasizing the performance. Getting out of the comfort zone, quickly adapting to any changes and being flexible, while handling a great deal of tasks are real performance indicators. Managing these successfully could get you promoted in almost no time.
Corporations, once again, completely the opposite. They have well-established hierarchies and getting from one stage of the corporate ladder to the one above could take years.
10| The recognition
Working in a famous corporation could turn out to be very useful for your future career opportunities. It looks good on your resume as brand recognition has a heavy weight on anyone’s CV.
With startups, it’s a bit harder to get this kind of recognition, but not impossible. Usually, when they hit an important milestone, they do not become recognized brand instantly. It might take years until people will get to acknowledge a startup and automatically identify its activity.
Infographic and Article created by Startus
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