A startup company is a small business venture that aims to fill a marketplace void by constructing or proposing a product or service. Working for a startup means that everything is riskier, the initial pay and benefits may be less than average, and the work is not standard; you wear many hats and no day is alike. A corporate job, on the other hand, means working for a large stable enterprise that offers a competitive salary and benefits. What a corporate job also means is fixed work hours and a slow ascension up the corporate ladder.
Upon graduating from college, many millennials face the startling professional world and the divide between these two types of jobs. While there is security in a corporate job, the old-school structure of the company, strict confines of the position and bureaucracy are something our generation is finding hard to accept. When faced with the decision on whether to accept the corporate position or the startup one, many are choosing the startup.
I came from a household where you go to college (at the very least an undergraduate degree, but ideally a masters) and find a stable job that will give you a set monthly income, and a benefits package. I was brought up to search for the corporate job because that’s what my parents did and their parents before them. However, my generation, the millennial generation, isn’t buying into corporate jobs, and corporations are noticing.
I still feel more comfortable facing a position that would have me in the corporate world, but I need to step out of my comfort zone – I hear that’s when amazing things happen. It’s easy to get pulled into the known and safe, but the known and safe, which is what a corporate job essentially is, isn’t always best and is definitely becoming obsolete.
Many startups offer flexible work hours since the regular 9-5 work day isn’t cutting it anymore, as well as the possibility of working remotely depending on your position. Our world is becoming more digitized by the day. A digital world, especially if you work in the digital field, can be done from anywhere and spans the whole 24 hours of the day. While we don’t work 24 hours a day, millennials are working throughout those 24 hours depending on need.
Startups are created because something is missing, that’s the whole point of them. What that means is that they usually have a passion for creating something entirely unknown to the world, or improving on something that already exists. That kind of mission is what many millennials want to be a part of – we want to be proud of where we work and the contribution we are making.
So the case for the startup job is that it’s not a sure thing and you may find yourself without a job in a few months, but you may also find yourself at a fast-growing startup that’s improving lives. Startups have a tendency to grow at an extremely rapid rate, giving an employee incredible upwards mobility. If you take the leap of faith with the startup, like we millennials have been doing, you’re likely to be rewarded.