A healthy investment scenario in India, has led to the rise and the growth of lots of new startups in India. Investment fund providers like Tiger global, Sequoia Capital and other such entity have funded lots of new startups like housing.com, practo.com to name the few. Most of these firms in order to expand their businesses have been on the hiring spree, offering some lucrative package to match up their heavy manpower needs.
As a professional, one dilemma which people goes through when they get some real good offers to consider is whether they should leave a well settled job and join such startups because at the end of the day, its not just about money. Well, there is no harm in doing that, but still we have listed down few points that can help you overcome such dilemma.
- Founder of the company: Any startup’s growth is based on the vision of its Founder. Before taking a call, try to dig as much information as possible about the Captain.
- Funds: The 2nd most important thing to consider is the Financial Capacity of the Firm. If a company doesn’t have much funds under its belt, then the going can get tougher for its team just in case if things doesn’t go as planned. Find out about the investors, the investments, newly acquired clients, current market repo of the products/services offered by them.
- Focus: One of the most important criteria for the survival of any company is its focus. Most of the young startups fails because they lack focus. They are most of the time more concerned about making money and try to get into too many things before they end up nowhere. It is important for the survival and growth of the startups to have a clear vision of how to make their product or services more relevant and should have a clear differentiation from the competitors. Most of the startups have too many different segments of products/services from multiple sectors ends up getting a severe blow in the market because they lacked focus.
- Aggression: Some might argue otherwise, but we feel that the aggression and the attitude with which the company gets into the market defines the altitude it gets. It’s a fast moving world, so choose the company which really matches up with the pace.
- Self Introspection: Working with a startups demands a lot out of any professional because at time everyone has to everything. Unlike the bigger and the established company, startups offers a more challenging work environment. It will surely challenge every bit of your learnings and knowledge.
Well, these are few of the criteria, we feel must be given a due consideration befor taking a step towards joining one of the startups. It surely will challenge you in every steps but having said, one thing can’t be denied that the growth that a starup can offers can be unmatchable. Within just 5 years, you can reach the point which might takes years to get to in case of the bigger brands. As they say, Risk is high but the rewards will be higher.
