Most of the Multi National companies got their start as a startup and this is the key reason why most of the people are choosing startups in their initial career stages. They first they realize is that the money is not important and yet they stay with the company and there is something about working in the startup which makes them to stay for long duration. Here I am listing some benefits of working with a startup company.
3 benefits of working in startup
1. Culture of collaboration
One thing which you can notice from the people working with a startup is that they love to collaborate with each other. Usually startup comprises of few people which means everyone has to work together in order to successful in the competitive world. Because of the startup culture, employees has no choice but to expand their skill set. Every employee has to don many hats to get the job done.
One of the key benefits of working with a startup is having the tight-knit workforce which collaborates all the time. It means that setting the camp in the single room with the entire company in it and so there are no barriers between the CEO and employees.
2. Lack of bureaucracy
Generally people love to work in the startups because of the lack of the gossips in office, red tape and mainly bureaucracy. As said above, startups generally advances the close relationship among its employees so that everyone feels it important and needed. This give them motivation to perform better as they feel more satisfied with their job.
Startups have different kind of hierarchy, but no bureaucracy involved in it. Of course, every company require someone to act like a boss and demand certain tasks to be completed in the deadline. Here the great thing is that workers get the feedback, answers and approvals faster than working with the big company. Work can be done faster and in the shortest possible time.
Trust is an important factor when working in a startup and they make it a priority to be as transparent as possible to attract the investors, talented employees and clients in the industry. The best thing in the startup environment is you can have a direct line to the CEO. Because of their lack of bureaucracy and the collaborative culture, startups can maintain high level of transparency and some companies go up to the extent of sharing its bank balance details with the employees. This makes the employees give their best in order to run business successful.