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Start-up vs Large Corporate – 5 Factors to Consider Before Leaving a Large Organisation for a Start-up

Start-up vs Large Corporate – 5 Factors to Consider Before Leaving a Large Organisation for a Start-up

by | Jul 13, 2015 | Career, Job Offers, Resignation, World of Work

Do you wish to work in a startup ? Are you secretly hating your current job but not ditching it because it pays you well ?  Do you want to continue with the multi-national that pays you more than you can spend, plus the other benefits they fold into packages to woo you, or to take a dive and join or start a start-up you’ve been dreaming of since forever. We understand that it is not an easy decision to make, so we have put together this post about the five factors we think you must consider before you take the Start-up vs Large Corporate job decision.

1. Money –

You may not make as much money as you did when you start out. Worst case, you may not make any money at all in the beginning if you are one of the founders or core investors. In that case you will have to wait and watch your start-up take off before you can start reaping what you have harvested. Working in a start-up also means you may not be entitled to any additional benefits before your company starts making some profit, which may take a while.

2. Responsibilities –

Your responsibilities are not going to be linear anymore, they are going to be diverse. You may have a specific profile, however, in a start-up, on various occasions, you would be required to multitask. In a typical situation with limited funding, the resources are scarce and the to-do list is huge. Therefore, expect to work harder than you thought you would.

3. Work Environment –

The work environment at a start-up is almost definitely going to be less formal than the work environment at an established corporation. Which will work great for you if you are an easy going person who loves going to work in shorts, and maybe even dreams of sipping on a beer while working? On the flip side, if you are extremely meticulous about your work environment, the easy-going-ness of it all may scare you a little. But believe us, if anything is going to be easy-going, it’s just the work environment because you will have so much work you will be glad for the slack the lack of stringent procedures cuts you. (slack and lack just rhymed 🙂 )

4. Work life Balance –

Working at a start-up means that work life balance will be off balance. You may get calls at unearthly hours to fix a bug, and vacations may be non-existent. Weekends may not exist either. So your work becomes your life and you may have little scope to have a life outside of your work.

5. Risks –

Risks and Start-ups are synonymous. There is a huge possibility that the idea underlying the start-up may not sell and therefore bring your career stint at a startup to a grinding halt. The experience can be chaotic and you may have to do a lot of thinking on your feet. If there is any certainty when it comes to working in a start-up, it is this – there is no certainty.

Our reason for writing this post is not to dissuade you from leaving a large corporation to join a start-up. It is simply to let you know what the bargain will be. Sure, it is no easy task to conceive and work towards establishing a startup. It requires a lot of grit, courage and dedication. While life at an MNC may be stable and lucrative, working in a startup is more likely to be an actual test for your skills, or the skills you thought you possessed. It is very important to take calculated career risks and we would say, go for it, if you believe in the idea of the start-up you want to join! Just think hard before you take the plunge!

How to Answer the Question – Why did you quit your job ?

How to Answer the Question – Why did you quit your job ?

by | Jul 13, 2015 | Interview, Job Offers, Resignation, World of Work

Unless the job you are interviewing for is your first one, it is a given that you are bound to be asked – Why did you quit your job? Those of us with some experience know very well how imminently complicated this question can get at times. Here are four such situations and our suggestions about how to deal with them.

Why did you quit your job – If the reason is your boss:

What you probably shouldn’t say is, “my boss was a/an *insert profanity*”. Or for that matter, anything that very obviously paints your previous boss in a bad light. Remember that it really is a small world and chances are you may be bitching about your ex-boss to one of your prospective employer’s best friends.

Also, “… for some reason most interviewers sympathize with your current boss, the psycho control freak, rather than sympathizing with you. You have to provide an answer to the question “Why do you want to leave your job?” that is mostly true but that leaves out the part about your bad experiences at your current job” says Liz Ryan, Contributor at Forbes.

Why did you quit your job – If you do not fit into the work culture anymore:

It is entirely possible for you to feel suddenly out-of-place in your work environment, where you may have so far been comfortable. A number of reasons may be the cause for this, the most common ones being dissent with your team/colleagues, replacement of your colleagues, or a general loss of interest in the kind of work the organization does.

For the above two cases, you could simply tell them that you are in search of a better work environment, and that you felt you weren’t quite in sync with it. Start with, “It’s a great place, however…” Let them know that while it was a decent place to work at, you felt you were not being able to give your 100% and hence are in the lookout for a ‘different’ work environment and culture. In discussing about what difference in work culture you seek, be careful to stick to diplomacy and not bluntly disgrace your previous work place.

Why did you quit your job – You deserve more money:

Well, who doesn’t? If your job pays you peanuts compared to the amount of work you put in, and you know you can do much better than that, you should definitely make the decision of switching jobs. However, when they ask you why you are changing jobs, try not hyperventilating about how much you worked but how little they paid you. Only when you manage to convince them of your skills and they really seem interested, start negotiating about the pay. When you have achieved that, you need not even tell them you quit because you weren’t paid enough and can get away by saying you are on the look-out for better opportunities. That way, they will not have a chance to contemplate whether you weren’t getting paid enough because you didn’t perform well enough.

Why did you quit your job – You have reached a point of stagnation at your current work place:

If you are changing your job because you feel there was no scope for growth in your previous workplace, you can say so honestly, however in a way which doesn’t sound very pompous. Be honest about the fact that the previous job did not make complete use of your skill sets and potential and that you are looking for something more challenging.

While we have listed just four situations, there are plenty of other reasons for quitting one’s job. To sum it up, in general, all we have to say is take care of two things:

  1. Do not sound desperate (even if you are) for the new job.
  2. Do not speak lowly of your previous boss/colleagues.

These are two ground rules while responding to the question about why you want to change your job. Play by these and you will be good to go!

What do you think? Please write to us/comment to share your difference in opinion or if you like what we wrote!