Startups
have been the flavor for the last many years. No field has been left untouched
by the startup revolution with successful startups popping regularly over the
horizon. Working in a startup is something of a medal that most new age
professionals want to have on their CV. But the craze for startups is not
limited to young and enterprising, even experienced professionals with secure
high paying jobs are pulled in by the glamour of startups and quit their cushy
jobs to work with startups full of energy, enthusiasm, vigor, non-hierarchical
setups that is adventurous and lets you work according to your style and
preference with no pre-set job plans.
But then
why is it that many experienced and highly skilled professionals fail to shine
on crossing over to a startup while others who have jumped on to the startup
bandwagon thrive and excel in their roles even there?
Here are the factors that determine your success or
failure on joining a startup?
Ø
Risk-taking appetite
People who
excel working with startups are mostly people with higher risk appetite. The
decision to chuck a cushy corporate job and take up the challenging task of
working in a startup is itself an indicator of the person’s risk-taking ability
as nobody knows whether the startup would survive beyond a few years and if it
does survive what shape it will take and what would its growth trajectory and
focus be. If you are someone who is not comfortable with uncertainty in life
then obviously the move to a startup is not advisable for you.
Ø
Work Life Priorities
People have
differing views and expectations from their job and so are their work and life
priorities. Joining a startup is a great
decision for a person who wants to fast track his career even at the risk of
failure, is highly ambitious, is a workaholic and would not mind working for
long hours under tremendous strain at a stretch often on holidays. But on the
other hand, if you want your life to be structured and have interests other
than work which you passionately feel about then joining a startup might not be
a good idea.
Ø
Don’t work for a startup just because you have reached a career plateau
Many times
professional who have hit a career plateau in large organisations jump at an
opportunity to work for a startup feeling that it would give their job the
necessary impetus lured by the success stories of startups and the perks of
working there. But one must remember that the failure rate of startups is quite
high and working in a startup requires a very different set of skills to
succeed.
Ø
Attitude to constant change
It is a
fact of life that some people love the status quo and some are thrilled by
rapid changes. It does not make one personality trait better than the other but
just that they are programmed to work and succeed in different work environments.
While a status quoist may find the informal work environment in a startup quite
unorganized and haphazard and thus not to his liking the same environment may
spur the other person to perform more productively.
Ultimately
it all crystalises into ones’ personal choices, likes, dislikes and personality
traits. What one must not definitely do is to jump to
a decision in haste. You should always take a long hard and practical look at
what you want to further achieve in life in respect of personal and
professional milestones and how much time and effort are you are willing to put
in to achieve those milestones.
We at Outsourced CMO are trying to solve the dilemma of these senior executives working for startups , hence making it a win-win situation for everyone
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