The differences between a corporation and a startup may seem simple at first glance. Corporations have fixed working hours, and startups are more flexible. Large companies offer various benefits, and startups allow you to keep your pet in the office.
However, it’s worth looking closely at how working in these two different types of organizations will affect our careers. Including their different approach to the job itself, as well as different challenges, will significantly influence professional development.
Corporation vs. startup – differences
A startup to put it simply is a relatively young company that offers an innovative product or service. Often it aims to popularize a certain idea, values and transform into a larger company.
A corporation, in turn, is a more stable, profit-oriented organization. A corporation with its reach and scope, it can have a big impact on society. In fact, many of the current corporations could have been called startups at first. Facebook, for example, started with an innovative idea related to social media and gradually became a well-known giant.
Let’s take a look at other key differences:
In a corporation, the same activities are performed for the same position for years. A larger change takes place only after the promotion. On the other hand, in a start-up, your duties may change even several times a year. Over a short amount of time, you will have to deal with something that you did not have a clue about at the beginning of your job.
This requires more flexibility but offers interesting opportunities to develop a variety of skills.
Level of independence
In a corporation, there are separate departments with specialists that solve specific problems. On the other hand, in a startup, each problem can be an opportunity for you to demonstrate your creativity and add something from yourself.
Approach to employee management
Startups usually offer a looser atmosphere, where each employee is treated in a very friendly manner. However, everyone is often busy with themselves and their own projects. A corporate position, on the other hand, has specific requirements, but supervisors spend more time on training new employees.
Corporation vs. Startup – what will be better for me?
The following factors are worth considering:
What do I want to achieve in my professional career?
The corporation requires a narrow specialization – if you are an analyst, you simply create reports. Such a state of affairs helps to improve specific skills.
A startup, in turn, allows you to test yourself in many roles and develop very diverse skills.
What developmental structure do I like?
Larger companies have the resources for training, opportunities to participate in conferences and send their employees around the world. At a startup, the best training will be to offer your ideas and support, which will translate directly into developing the company.
What challenges do I want to face?
In a corporation, development will require competition with other employees for promotion. It is crucial to fulfill duties strictly. The position and title are important here.
In startups what counts the most is your input and ideas. It may also be a challenge that many companies in such a model are very unstable. Your work can, therefore, contribute to the long-term success of an ambitious undertaking.
The most important thing is what your professional goals and personal preferences are. If you set them precisely, it will be easier for you to choose the right path.