STARTUP VS CORPORATE: WHICH ONE IS BETTER FOR YOU?

Knowledge Gigs July 28, 2020

STARTUP VS CORPORATE: WHICH ONE IS BETTER FOR YOU?

STARTUP VS CORPORATE: WHICH ONE IS BETTER FOR YOU? There is always one question that confuses most college graduate students is whether they should go for a startup or join a corporate job, at the beginning of their career and which can be the best option in the long run. There is no perfect answer to this question as it varies according to different viewpoints, priorities, and aspirations of adults joining the economy. Before opting for anything, there is one question that we all should ask ourselves, and that question is, " where will I see myself in the next ten years?" In this blog, we will see a few things that will help us in better decision-making. Like anything else, both Multinational Corporate (MNC) and the startup also have several pros and cons. STARTUP VS CORPORATE JOB: PROS AND CONS ORGANISATION STRUCTURE Multinational companies are more organized and have better-structured workplaces with a big group of employees, multiple hierarchies, better salaries, and more secure job security. On the other side, as we all know, startups are new enterprises and take time to grow. Due to massive competition in the market, most startups' work environment is much unorganized, competitive, and challenging in the initial months. They usually offer an average pay scale. CAREER GROWTH Well, if you are passionate about something and want to do something big and different from others, then a startup is the right place for you as it gives opportunities to experiment and if your hard work and luck work on your side, then you can take your startup to new heights. But here we also have to keep in mind the number of risks associated with it. Well, on the contrary side if we talk about the MNC, it is fully established, an adequately developed work environment, and many more benefits. But in a startup, you can enhance performance and personal growth because of the availability of lots of challenges in a better way than an MNC. WORK CULTURE As we know, MNCs are already well-established, so, at most workplaces, whole work gets distributed adequately into various segments. Therefore, they hire people for specific roles and handle the clients and any chaos associated with that role. While in startups, the work situation is quite the opposite, as most startups don't have much workforce, so it has an unequal distribution of work, and most of the time, you have to be multitasking at the same time. Because of this, you also have to extend working hours to deliver the work at the right time, as you can't afford a negative impression of you on your new clients. LEARNING AND PRODUCTIVITY If you are a risk-taker who loves to make initiatives to get things done without much help from others and have determination and patience to learn from errors, then a Startup can push your careers to the next height. You get to learn lots of things while working in a startup company, as there is not much guidance. Gradually, you adapt yourself to challenging situations and become better in problem-solving. It leads to more productivity and forces you to think more creatively and encourage you to take risks to deliver the best output. And if we talk about MNCs, the level of productivity is less, because of the well-defined distribution of work among the working staff and a sufficient number of employees. Therefore, the workload remains quite low. If we compare the level of creativity among the employees, then here startups overtake MNCs because in most MNCs due to well-defined roles, employees don't get much opportunity to experience something new, and it leads to a less enthusiastic approach. While the level of career growth in MNCs is pretty low compared to startups unless or until you are very talented or working on a senior position. JOB STABILITY AND TRANSPARENCY Well, no one can deny the fact the level of job security an employee gets in an MNC is comparatively higher than the startup. But two things you will get in the startups more than in the MNCs are the high level of influence in decision making and a more transparent framework regarding progress. In most MNCs, almost all the company's major decisions are taken by the executive or the senior-level employees, and you won't get much say in decision-making. Whereas, in a startup, an employee can work with the startup or the executives' founder. And have much influence and say in decision making. WORKING HOURS If you see your friend's life who works in an MNC and you think that the working hours are very long, then I think you may not have much idea about the working life of those people who work in a startup. In most startups, the work routine at an early-stage startup is crazy and very hectic, as there are no fixed hours. Yes, indeed, startups offer flexible work timings, including you, can work from your home. Still, the workload level and quest to grow exponentially expects every employee to be ready for work anytime, round the clock. On the other hand, if we take corporations, there is also a hectic schedule and workload within fixed working hours. CONCLUSION It is necessary for those who are confused between startup and corporate to do a proper self-analysis and consider all his strengths and weaknesses before deciding which path he wants to take. There is no denying that salary plays an imp[ortant role for every job person, but at the same time, it's equally important to have better growth in the long run. The rest of everything in your professional career depends on your interests, abilities, hard work, and the quality of work you perform in the organization, be it a startup or multinational corporation as an individual.


There is always one question that confuses most college graduate students is whether they should go for a startup or join a corporate job, at the beginning of their career and which can be the best option in the long run.

There is no perfect answer to this question as it varies according to different viewpoints, priorities, and aspirations of adults joining the economy.

Before opting for anything, there is one question that we all should ask ourselves, and that question is, " where will I see myself in the next ten years?"

In this blog, we will see a few things that will help us in better decision-making.

Like anything else, both Multinational Corporate (MNC) and the startup also have several pros and cons.


STARTUP VS CORPORATE JOB: PROS AND CONS

ORGANISATION STRUCTURE


 Multinational companies are more organized and have better-structured workplaces with a big group of employees, multiple hierarchies, better salaries, and more secure job security.

On the other side, as we all know, startups are new enterprises and take time to grow. Due to massive competition in the market, most startups' work environment is much unorganized, competitive, and challenging in the initial months. They usually offer an average pay scale.

CAREER GROWTH

Well, if you are passionate about something and want to do something big and different from others, then a startup is the right place for you as it gives opportunities to experiment and if your hard work and luck work on your side, then you can take your startup to new heights.

But here we also have to keep in mind the number of risks associated with it.

Well, on the contrary side if we talk about the MNC, it is fully established, an adequately developed work environment, and many more benefits.

But in a startup, you can enhance performance and personal growth because of the availability of lots of challenges in a better way than an MNC.

WORK CULTURE

As we know, MNCs are already well-established, so, at most workplaces, whole work gets distributed adequately into various segments. Therefore, they hire people for specific roles and handle the clients and any chaos associated with that role.

While in startups, the work situation is quite the opposite, as most startups don't have much workforce, so it has an unequal distribution of work, and most of the time, you have to be multitasking at the same time.

Because of this, you also have to extend working hours to deliver the work at the right time, as you can't afford a negative impression of you on your new clients.

LEARNING AND PRODUCTIVITY

If you are a risk-taker who loves to make initiatives to get things done without much help from others and have determination and patience to learn from errors, then a Startup can push your careers to the next height.

You get to learn lots of things while working in a startup company, as there is not much guidance. Gradually, you adapt yourself to challenging situations and become better in problem-solving.

It leads to more productivity and forces you to think more creatively and encourage you to take risks to deliver the best output.

And if we talk about MNCs, the level of productivity is less, because of the well-defined distribution of work among the working staff and a sufficient number of employees. Therefore, the workload remains quite low.

If we compare the level of creativity among the employees, then here startups overtake MNCs because in most MNCs due to well-defined roles, employees don't get much opportunity to experience something new, and it leads to a less enthusiastic approach.

While the level of career growth in MNCs is pretty low compared to startups unless or until you are very talented or working on a senior position.

JOB STABILITY AND TRANSPARENCY
 
Well, no one can deny the fact the level of job security an employee gets in an MNC is comparatively higher than the startup.

But two things you will get in the startups more than in the MNCs are the high level of influence in decision making and a more transparent framework regarding progress.

In most MNCs, almost all the company's major decisions are taken by the executive or the senior-level employees, and you won't get much say in decision-making.

Whereas, in a startup, an employee can work with the startup or the executives' founder. And have much influence and say in decision making.

WORKING HOURS

If you see your friend's life who works in an MNC and you think that the working hours are very long, then I think you may not have much idea about the working life of those people who work in a startup.

In most startups, the work routine at an early-stage startup is crazy and very hectic, as there are no fixed hours.

Yes, indeed, startups offer flexible work timings, including you, can work from your home. Still, the workload level and quest to grow exponentially expects every employee to be ready for work anytime, round the clock.

On the other hand, if we take corporations, there is also a hectic schedule and workload within fixed working hours.

CONCLUSION

It is necessary for those who are confused between startup and corporate to do a proper self-analysis and consider all his strengths and weaknesses before deciding which path he wants to take.

There is no denying that salary plays an imp[ortant role for every job person, but at the same time, it's equally important to have better growth in the long run.

The rest of everything in your professional career depends on your interests, abilities, hard work, and the quality of work you perform in the organization, be it a startup or multinational corporation as an individual.

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