Are you looking forward to joining a Startup or interested to join one? You are at the right place as we'll talk about the work culture, pros and cons of working at a startup today as well as what is pertinent to new companies. Without further ado, let's jump into it.
What is a Startup?
Although it is literally "startup," a startup is an emerging organization searching for a scalable and replicable business model. In the business world, are those emerging companies that have a strong working relationship with technology. They are businesses with innovative ideas, which "break" the market schemes supported by new technologies.
Also, a Startup is a beginner organization created to develop innovative products or services. That are also highly desired or required by the market, with designs and marketing schemes completely oriented to the customer.
In principle, these organizations usually operate with minimal costs. Over time, those that are successful obtain profits that grow exponentially and maintain continuous and open communication with their clients. In general, they tend to be oriented towards the massification of sales.
There are different types of startups, among which they stand out:
The Social Transformer
The high mobilization of customers mainly characterizes this type. Besides, they are usually viral and can generate significantly high profits during the walk to its maturity. In these cases, those who promote them temporarily become leaders in multiple markets that can create new needs among their consumers.
Those of this type aims to make sales to multinationals and large companies in general.
On the other hand, as its name indicates, those of this type seeks to automate manual processes.
It focuses its attention on all those small and medium-sized companies. They also acquire innovations through the internet, which are finally reconstructed and offered to those small companies.
Characteristics of Startups
Although they have different objectives as companies, they all share at least 9 key characteristics that define startup identity.
These characteristics are the ones that make the performance of the team improve, besides being related to the establishment of goals and achievement of objectives.
We share with you below the main objective of understanding how a business is given the character of a startup.
Take a look!
Innovation is the main characteristic of a startup. A startup organization comes loaded with services that have always been necessary, but that were not thought of until the startup comes to light.
It also happens with products that accurately meet the different needs and demands of society. Innovating and providing solutions is the first step of a company that wants to launch itself as a startup.
Startups have scalability in their veins; that is, they have a broad intention of growth, doing this without consequences for their operations.
This is because they are usually companies with operations born in the digital environment. Consequently, they can deliver their services and products to more clients without this meaning more effort or even mandatory investments. Therefore, scalability is an essential and natural part of a startup.
This was the main peculiarity observed at the beginning of the 2000's, in Silicon Valley, when the term startup started to catalog certain companies.
Usually, the native companies of the digital entrepreneurship context have their performance through the Web. However, they dispense physical points and other resources to meet their need to travel and thus attend and make any other request. Usually, they are almost 100% of digital businesses.
By bringing something different to the market, these companies usually have a well-defined direction for success.
Although they are solid proposals with great potential to have good results, there are no precedents that help to have a clearer perspective of the future.
This feature means that the same product or service can be offered on a large scale, without any limitation. To this end, it is crucial that what the company offers is something difficult to imitate or adapt.
The focus must be on multiplying and reaching more customers. Therefore, if you allow others to make adaptations, these could hinder the goals of the enterprise.
Disruptive startups break patterns usually handled by other companies in the same segment. This comes through the modality of service provision and the forms of customer service, including collection fees.
Startups usually do things differently than they do in the market to stand out and have the competitiveness they require. To have different results, you have to do different things, of course, for the sake of humanity and your pocket.
A startup is not a job, it is a mission. It's doing what you've always dreamed of or wished for. When a startup is created with these attributes, it is stimulating, and therefore, doing what it does with quality becomes a goal to achieve.
In that sense, it is intolerant to mediocrity. The startup culture is rewarding for the players, not for those who avoid risk and entrepreneurship.
Within the project, everyone contributes something important. The wait will result in a high-value undertaking; however, it will be long term. Therefore, it places the ideal people in their ideal positions. By doing so, he tries to have a team with the same vision.
Everything is evaluated and endorsed with the same criteria. The startup tries to make every penny count, and even the expenses are seen with the same criteria. All are necessary for the venture.
Keeping the team sufficiently confident of what is being built helps everyone row in the same direction. This helps to maintain the integrity of your company.
Additionally, mutual respect is indispensable. It would be best if you respected what each member of the team does. You can energize it by creating intelligent discussions about the performance of the team, not the people.
Summarizing this section of the article:
The startups that let themselves be carried away by these 9 key characteristics not only reach that identity that characterizes them, but also achieve success and transcend to a higher level and remain in time.
For example, Uber, Spotify, and Social Point, to name a few. When a startup achieves stability in the market, getting recognition naturally stops being a startup since it reached its main goal.
On the other hand, it is important to highlight that given the consistency and success that many startups have by keeping these 9 characteristics, there is a tendency to adopt them as a work culture in newly created companies.
This is because most of the labor cultures of new companies found are reflected in these 9 characteristics. In addition, there are articles that, in this situation, we live calls to adopt the startup culture to survive.
The Startup Culture - It is reinforced with the characteristics described above:
1. No politics
Everyone gets their credit, and ideas are judged on merit, not by who brought the idea.
2. Good communication
Remember to have fluid communication, even in the worst of times.
3. Strong leadership
A good leader takes the responsibility assigned to him very seriously, as well as preaching by example. Always have a positive attitude.
Understand your customer and be proactive. This way, problems with customers will decrease.
5. High energy level
Have the doors open for new challenges and new ideas. Keep your meetings short and to the point.
6. Have fun
A good atmosphere reinforces what is happening in your company.
The startup culture is to share the mission and expectations for the future, that common ground of every discussion, and the main reason why everyone is working on that same idea, generating that product, and being an advocate for that brand. In that sense, the characteristics defined in the previous section, specifically from 7-9, are usually acquired as part of the startup culture.
Why are Startups important?
Each startup is sponsored by an idea that seeks to facilitate processes and complicated work, with their potential customers having a simplified and easy user experience. Usually, they are startup businesses that want to innovate, develop technologies, and design web processes.
Especially, they are venture capital companies. Not every individual should or has the opportunity to work in large companies, and that's how important a startup is. It offers work opportunities to those who want to do it in an innovative and dynamic environment with the intention of learning and assuming the challenges of a venture.
What is it like to work in a Startup?
Are you ready to work in a startup? If you think you are creative and independent in your work and want to work in an innovative and dynamic environment, but aware that your share of sacrifice will devote much of your time to work at the pace of a startup, then that's your place.
We must have the sense that the startup work culture, at first, you have to give a lot in exchange for very little, and then, in the best case, the results will be amazing.
If you are a challenging individual, then go ahead and look for a job among this type of company, the experience and learning will be unique and valuable at all levels.
Pros and Cons of Working in an Emerging Company
- Involvement and decision-making power
Working in a company from its beginning implies growing by shaping and changing according to the market response and not to hierarchical orders.
You will understand and be part of making those decisions because your proposals will be considered and heard. Even if you are not the company owner, depending on your attitude, you will be close to the decision-making body.
Working side by side with a team from the roots of the project, being you part of it, will generate a much higher degree of involvement than in any big company where all this is already clearly defined.
- Multitask, teamwork, and learning
In times of resource and staff shortages, everyone does a little bit of everything. Although in a multidisciplinary team, each member has his or her tasks and responsibilities, in the end, everyone helps and cooperates, so you will end up learning from other disciplines and acquiring a global vision of the company.
It is a more dynamic, proactive, and teamwork. You will be in continuous change and learning, which will enrich your experience both professionally and personally.
- Constant innovation
The constant process of improvement and evolution in the project and the tendency to try new things is called innovation. In a startup, this component is the day's order, much more than in a consolidated company with its established routines and difficult to change.
You will be up to date in innovation concepts, usually technological, and you, if you are creative and proactive, you will be the one to propose new ideas, tools, processes. You will learn to prioritize tasks and optimize resources.
- Direct contact with the market
The treatment with the clients will be personalized, that does not mean to be less professional, but to have the first-hand contact with the market and the client's needs. This direct feedback will allow you to redirect and optimize your product/service to suit your customers' satisfaction.
In large companies, decision-makers don't usually deal with customers on a one-to-one basis unless they are as big as the company itself, so you will get valuable experience in both areas.
- Rapid promotion
How many years do you need to move up to the top in a large company? Probably many to get that opportunity.
In a startup, things go much faster, you can start as a collaborator and move up to an executive position quickly as the staff grows. CEOs will rely on workers who know the product, have been there from day one, and have grown with the company to management positions with greater responsibility and decision-making power.
- High degree of mortality and uncertainty
Despite the proliferation of entrepreneurial projects, about 75% fail during the first year, and 90% do not exceed two years of life as a company. The causes: lack of resources, financing, and acquisition of clients that make the company viable, among others. That is why many ideas fall by the wayside.
If you are working in a startup, you must be aware of this situation, that your time in the company can be limited, and career projection can be frustrated. If you are looking for stability, it may not be the best option.
- Tight Salaries
When we talk about scarcity of resources within the company, it is in all senses, also in personnel. In many occasions, the project promoters do not have any type of remuneration, and the benefits are reinvested to not kill the company and continue growing.
The budget allocated to personnel goes to the collaborators or first employees, who will have temporary, part-time, or training contracts. They do not want to reward the workers, but because there are no means.
- High levels of stress
Working in a startup means 100% dedication. Forget about schedules, vacations, and weekends.. since the delivery to the project does not depend on the festivities of a usual work schedule.
Customers and users must be attended, and at the beginning, there is much to do to create and time runs against. So, you must learn to take advantage of the little free time there is and know how to rest and stop in time when necessary, it is vital to carry that level of stress and work.
A technology company is the one that seeks to bring value (a simple solution) to the consumers of such technology through its CEO's (chief executive officer). These have their advantages and disadvantages.
The advantages of a technology startup can be many. Well, they can range from the possibility of opening new markets never exploited to the low cost required by many startups to start operating.
But also, a technological startup has many disadvantages, among them, it is very common that there are communication problems both internally and externally.
An example of this would be a bad customer service or a weak way to address the market. These problems can be serious, if they are not resolved in time, then your startup begins to lose credibility.
What benefits could you add to the curriculum?
- It is likely that when you arrive, you will find that there was no one doing what you are going to do, so there are no guidelines on how to do your job. It's your chance to create your own competition.
- When you create a catalog of instructions, gaps in your understanding will be revealed, so it is a particularly good way to fill those gaps and have a great learning experience. These will serve others who can refer to any guides you write instead of having to come to you all the time and ask how to do a certain task. It does not hurt to see that new skill on a resume or in a cover letter.
- Growing is about shaping and changing according to the market's response and not hierarchical orders in a startup. Like what you have understood and the times you have participated with your proposals in the decision-making process, it does not hurt to reflect in your resume that ability to make decisions.
- Nor does it hurt that you reflect in your resume all the dynamic and proactive work you did as a team, besides the continuous change and learning that you experienced with the Multitask.
- In innovation, you can indicate that you are up to date in technological innovation concepts in your curriculum. Also, if you were creative and proactive and also proposed new ideas, tools, and processes. In addition to learning to prioritize tasks and optimize resources. Would all that look bad on a resume?
- If you achieve a rapid promotion in a startup, do you think that benefits your resume?
All those things and more are the benefits you can add to your resume when you work in a startup. What are the risks? I would answer: where aren't there right now? The important thing is what you have left to learn and the satisfaction that can generate the best you can give yourself to help solve or facilitate an inconvenience to someone.
How do you look for a job in a startup?
If you are wondering how to start, check out our jobs section. Alternatively, Search Google for the type of startups you are interested in and get in touch with the people working at those startups showing your interest in working and collaborating with them.
In most websites, you will find sections such as Who we are, Work with us, The team, where you will find out who has formed the project. It is usually very easy to know who is behind. They have a high visibility, unlike in big companies where it isn't easy to know who the media-high positions are.