Blog Jobs Market 1

The Pros and Cons of Working for a Start-Up Company

Job security, salary and benefits, regular hours and a sensible work-life balance are what most jobseekers look for in any new employment opportunity. Working at a start-up firm can throw these factors into uncertainty - it’s not all bean bags and avocado toast. However, with Ireland recently being ranked number three in Europe for start-ups, have you considered the possibility that the excitement, reward potential and personal development that are intrinsic to start-up culture could be exactly what you’re looking for? Here are some pros and cons of working for a start-up company to shed some light on the reality of the situation. THE PROS Room for Growth The clue is in the name, but start-ups really are just starting out. That means that, as an early employee, you will be a key part of the company’s development and later success. You’ll be working side by side with the founders from the get-go, learning directly from your bosses and gaining invaluable experience in areas outside of your job remit. As everyone at a start-up is involved in the fight for the survival of the company, you’ll often be expected to take on responsibilities that push you out of your comfort zone and force you to expand your skill set fairly rapidly. As the company grows, so will your responsibilities, and soon you could find yourself in a senior leadership position at a successful firm. Freedom ‘Freedom’ is evident in two ways in start-up culture. Firstly, in the flexibility of working hours: employees are frequently permitted to choose their own working hours and to work from home, since so much business is conducted over the phone and online. Secondly, start-ups are associated with huge levels of innovative freedom. Start-ups are under huge amounts of pressure to keep up in the fast lane or fail, and so grant their employees a considerable creative license to break boundaries and completely reimagine ways to capture consumer engagement. If dynamic, forward thinking in a collaborative, close-knit team is your forte, working in a start-up could be the ideal working environment for you! Purpose When you join a start-up, you know that you will never be simply a ‘cog in a machine.’ As part of a small team driven by collaboration, the company’s mission will be at the forefront of your job description and decision-making process. In a regular office environment, middle management and sheer size of personnel can mean you often feel undervalued and perhaps unconnected with the bigger picture of what the company is trying to achieve. There’s no such issue in start-ups! In an intense, focused environment, you will see the impact of your work first hand and have a significant role in shaping the success of the company, giving you a sense of job satisfaction unlike much other. THE CONS You will Work…Hard More responsibility means a heavier workload and while, in the long term, you may walk away with dozens of great new skills, learning on the job while likely being a single-person department is a tough undertaking. You might find yourself working long hours for little compensation, with only yours and your colleagues’ faith in the company’s mission to keep the candle burning. Work-life balance would likely be called into the mix (what balance?) as you are compelled to take your work home with you – who else will do what needs to be done? Lack of Security Harvard Business School estimates the start-up failure rate to be an enormous 90-95%. That’s an incredible (and terrifying) statistic. Tech start-ups are at particularly high risk, as there’s always the chance that a competitor could sweep the market with a brand-new development, cutting the legs from under competing companies. Leaving a comfortable corporate job with a steady salary, dependable benefits and little risk of redundancy in exchange for a high-risk, unstable work environment that could go bust at any moment is not a gamble one should take lightly. Furthermore, while start-up founders may be excellent pitchers and have garnered piles of seed money from investors, that is no evidence of their leadership ability. With less rigid corporate structure and more direct interaction with the company bosses, you could find yourself working in close proximity to underqualified leaders that will not inspire you to commit wholeheartedly to a venture which requires your unadulterated passion to succeed. Not Much Financial Reward To begin with, at least. Start-up employees notoriously earn significantly reduced salaries until the company begins to achieve real success. After all, it is in investors’ interests not to allow their ventures’ employees to get too comfortable. Spurring your team on with the promise of eventual riches is intended to be a large motivator for hard work and innovation within the company, although you may never end up reaping these promised benefits if the start-up crashes out, like so many do. That being said, modern-age start-ups are ridiculed and envied in equal measure for providing their employees with perks such as free lunches (kombucha, anyone?) and wellbeing sessions. For example, personal finance company Credit Karma offers an on-site spa for employees, as well as nap nooks and music jam rooms, and Airbnb gives their employees a $2,000 stipend for annual holiday expenses. There you have it – the good and the bad about working in a start-up. The stakes are high but, if you make your move wisely, the rewards could well outweigh the struggle you experience at the start. In an exclusive interview with David Dempsey, Senior Vice President of Salesforce, he told us that leaving his job in a well-known tech company was ‘the biggest risk’ he’s ever taken, leaving his stable job for a three-man start-up in 2000. Now, Salesforce employs thousands of people across Europe and America and is one of the world’s most renowned SaaS companies. It just goes to show – taking a plunge and embracing start-up culture could be your ticket to success too.

How to be Considered for a Job you’re Underqualified for

You’ve found the job of your dreams at an incredible company. You scroll through the job description, nodding confidently as you realise that they must have written this position for you. There’s no other explanation as to why it suits you so perfectly. Until… You gulp. They want experience – two whole years of it. And certification in a bunch of fields you’ve never been an expert in. You’ve only just graduated, or you’re looking for a career change. How are you supposed to have all this professional experience? Despite this minor setback, you know you could ace this position, if only they’d give you a chance. But how do you convey your competence on paper, let alone in an interview? How do you convince the hiring manager that you are worthy of consideration for a job you seem underqualified for? Here are a few steps you can take to position your candidacy as competitive in a scenario where you might be the underdog. Step One: Is this role really for you? The first question you must ask yourself is if the role is really, truly appropriate for you. Concluding that it is not will save you a lot of time, energy and potential disappointment in the future. However, if you genuinely believe that you could succeed in this position and will not be satisfied unless you give the application process a shot, then absolutely go for it. It’s acceptable to take the years of experience companies require with a pinch of salt, although you should consider them to be a guide. If you’re looking for an entry-level position, ‘2+ years of experience’ is a more surmountable barrier than ‘10+ years of experience.’ We’ll get into this more later, but take some time to reflect on non-professional experiences you have that could feasibly count towards the 2+ years this company is looking for. If you have proven interest and experience at university or transferrable skills in a related area, you can definitely use these to strengthen the credibility of your application. Furthermore, a company looking for candidates with an MBA may consider a candidate with a Bachelors if they can demonstrate their exceptionalism in other ways. If the role requires a specific qualification that you do not have, this could also be a potential immediate disqualifier. If you’re repeatedly seeing jobs advertised that look right for you but all require a certification in Google Analytics, perhaps consider going on a course to fill your knowledge gap. Sites that offer great online learning and development opportunities for a range of prices include Coursera, Khan Academy and Codecademy. Step Two: Research, research, research So, you’ve taken the plunge and you’re going to apply to a job you think you’re underqualified for. Now you need to ensure you understand the job as well as anyone with years of experience in that role would. You can do this through reading online, but the most effective way to gain understanding of a profession is to speak to someone who works in that field. Mobilise your contact base and set up coffee or informational interviews with people who can help you understand the specifics of the job you’re pitching yourself as the perfect fit for. Networking could also be a great way to secure an introduction to the company before you even apply, flagging your name with them. You never know who has a connection at the company of your dreams, so be sure to reach out far and wide. It’s no secret that personal referrals make all the difference when applying for a job. Step Three: Put it all down on paper The only way you’re going to be able to compete against more experienced candidates is by doing significantly more homework than they do. You’ve already (hopefully) researched the company to within an inch of its life – now ensure that your passion for their brand/product/service shines through in your covering letter. Demonstrate your knowledge about the business by making specific references in your explanation as to why you want the role – this can definitely help assuage any doubts they have about your experience level. Employers will often take unpaid experiences as evidence of professional experience, such as internships, involvement in clubs and societies and volunteering. Be sure to examine all of your achievements through the lens of what they could bring to the role, as you may be pleasantly surprised to find you already possess proven experience in areas you thought you lacked, simply because these activities took place in your free time or holidays. Combine your transferrable skills with your qualifications to highlight your suitability for the role. Skills to highlight might be: Event planning People skills Leadership Marketing Fundraising Creativity Organisation You’ve spent time thinking about how great that role would be great for you – perhaps also consider why you would be great for the role. What interesting insight could you bring to the company? Do you have a unique perspective or angle that would add value to the team? Make your individuality shine throughout your CV and cover letter. Step Four: Nail the interview Congratulations! Your gorgeously tailored CV and rivetingly specific cover letter have landed you an interview with the hiring manager. They’re interested in you, despite the fact you may not be a conventional candidate for the position. They’re willing to take a chance on you…for now. So how do you continue to exude confidence and experience in a face-to-face interaction with a company representative? Firstly, and hopefully obviously, prepare. You’re entering the room with the disadvantage of not being able to rely on personal experience of the role to support your answers. Therefore, you’ll need to consolidate your knowledge of the company and job description, as well as how your own experiences tie into what they’re looking for. Practise answers to the guaranteed interview questions you’ll likely face and be ready to defend your lack of qualification for the role, if needed. Remember to never phrase a response as a negative – always focus on the positive. For example, never begin an answer with “I know I lack experience in X, but…” or “I know I don’t have Y qualification, but…”. Instead, you should highlight your abilities and apply them to the task in question. “My tenure as the chairperson of my college’s Business and Enterprise Society enabled me to practise my leadership and project management skills in a way which is applicable to Z task in these ways…” for instance. While it’s important to bend the truth to your advantage, you must never lie. The interviewer may then push you on it and you could slip up under pressure. No employer wants to hire a dishonest worker, and such a mistake may result in your name being blacklisted for future opportunities. Furthermore, if a lie got you into the job and then you found you were unable to complete the tasks assigned to you as a result, you could lose your job and evoke serious bad feeling from a company you may have to encounter again in the future. Honesty is the best policy – just be shrewd in how you phrase your answers. To conclude, you are likely more qualified than you think for the job of your dreams. All it takes is a little bit of research, tailoring and careful phrasing to upgrade your position from that of an outsider to a competitive candidate. Even if you don’t land the role using these steps, you will have learned a huge amount about an area you previously may not have been overly familiar with. Your research will certainly be applicable to future job applications and may even inspire you to pursue a line of work you had previously not considered. You’ve got nothing to lose – what are you waiting for?