Loyalty and stability.
There’s been an increase in startup jobs offered in 2021. This may be because of people having ample time in 2020 to build new companies. Not to mention the stimulus and business loans that were available as startup funding for the brave.
While some businesses were being shut down, there were many that opened up. Add that to the millions of people needing jobs, you have the makings of a hiring frenzy.
I was recently asked a few questions about startup jobs and here are my replies.
What would lead you to accept a job at a startup?
A solid foundation and structure, with a mission that is genuine and products and services that enhance the lives of others, would lead me to consider accepting a job at a startup.
Funding is important as well. Look at the times we’re in. I don’t think sweat equity has moved up the list for jobs in demand.
What would your main concerns be about working for a new and small employer?
Cash flow would be my number one concern. Not that money should be the top focus of a startup. But having a source of income is crucial to any aspirations of growth.
Running out of money inhibits creativity, dilutes morale and often causes severed agreements.
What factors should people consider before making a move to a startup?
Having experienced the pains of a few startup moves, I offer this from the many lessons:
- What percentage of the job will be sweat equity?
- Will you receive company equity as compensation for the blood, sweat, and tears?
- Does the company have a solid foundation with structured plans and standard operating procedures?
- Do they have a measurable source of income?
There are many other factors to consider, like branding and the voice and tone of the startup. Also, the communication with staff and how they respond to customers needs. And, of course, the quality of the product or service.
In our current vulnerable state of being, my advice to startups is to have empathy and patience. Build a company that will last. People that are looking for jobs want loyalty and stability. Something they will be proud to help build.
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