There are several tips that you should consider before finalizing the job opportunity in Startup company.
Founders
The first tip is to look at the founders of the company. This means that you are going to need to do some research to see if they were successful at any other businesses. You can also look for their professional background to see what they actually have experience with. But you need to be careful that you don't judge too quickly when a person has a failure because this is going to happen sometimes before the founder is successful.
The Bills
The second tip is to look at the person who is going to be paying all of the bills for the company. It can cost a lot of money to start up a business so you are going to want to make sure that you are always going to get paid no matter what is going on within the company. Most of the time, it is going to be a venture capital firm that is going to be paying the bills so if you see this is the case, then you will know that you are in good hands.
Research
The third tip is to make sure that you do some research to see if the product or service has any potential to be successful. This requires you to look at the market that the product or service is in to see if there are a lot of competitors. You can use social media to check various reviews, e.g. Youi NZ reviews. You will also be able to see if similar companies have been successful or not. You can also look to see how the company is supposed to make any money from their product or service. You don't want a company that is going to struggle to find customers.
Risks/Rewards
The fourth tip is to weigh out all of the risks and rewards that are involved in joining any early startup. But you are going to need to be aware that the risks and rewards will change based on different situations. Most of the time, you are going to have a better opportunity if you are able to join the company in its early stages. This is because you are going to have a chance to have an impact on the company. But there is also a chance of more risks being involved in a startup company.
Self-Examination
The fifth tip is to ask yourself why you actually want to work for this particular company. You need to be aware that whether or not the company is actually successful, you are still going to be able to gain a lot of experience. This is also going to come with some connections that you are going to be able to use for the next company that you work for. Since it is a startup company, your role is going to be very important, which means you are going to have a big impact on the company and high visibility.
Compensation
The sixth tip is to look at what you are going to be compensated for working for this particular startup company. Most of the time, you are not going to get a lot of money because the company is not going to have the money to give you when they first start. But more than likely, you are going to get the promise that as soon the business takes off that you are going to get more money from the company. Therefore, you are going to need to be committed to the product or service that they are offering.
Red Flags
The seventh tip is to look for any red flags at the company. You are going to need to keep your eyes open for certain things when you are doing your research. You need to see if there is someone that you are replacing and why you are replacing that person. Some of the areas that you are going to want to investigate a little bit further is if there were any drastic changes made recently within the company. You need to make sure that all of these changes were for the good of the company and not vice versa.
Corporate Culture
The eighth tip is to determine how you are going to fit into the corporate culture. This means you need to see if you are going to love or hate this job once you actually start working for the company. You need to know that you are going to be working a lot of long hours. Therefore, you need to make sure that you are going to want to work with all of your co-workers for 60 hours a week. Plus, these types of jobs are going to help you to get a better sense of community.
Long Hours
The ninth tip is to figure if you are actually ready for all of the long hours that you are going to be working for the startup company. Most of the time, the startup company is going to have a work environment that is very fast paced. This means that the employees are going to be encouraged to work a lot. But the startup companies will usually offer some perks that is going to make it a little more enjoyable to start at work.
Hiring Process
The tenth tip is to do not expect the hiring process for a startup company to be standard. Since the company is going to be different, this means that the hiring process is also going to be different. Sometimes the interviews are going to be formal, which means that they are going to take place inside of a conference room at a table. But most of the time, the interview is going to take place inside of a bar while you are getting a couple of drinks.
These are just some of the tips that you can use when you are considering a job opportunity with a startup company.
