While dark clouds continue to hover above several industries of India Inc., experts say that the start up sector in India is actually a silver lining. Could this be a starting point to a glorious career ahead for many job aspirants today?
While many may conveniently assume that many industries bearing the brunt of the slowdown, the start up sector too could be experiencing a crisis of its own. But experts suggest that this may not be entirely true. The growing interest in entrepreneurship and willingness to work for a startup are a few positive outcomes of the economic meltdown. At a time when the corporate world is reeling under the pressure of lay-offs there are many enterprising ventures mushrooming, with every passing day that are also offering exciting opportunities to aspirants.
There are many untapped territories and fundamental ideas waiting to be explored. The foundations of start-ups are built on the very concept of innovation and exploration of the same. The willingness of such industries to survive and grow in today’s tough market through innovation gives them an edge over the rest. They are focused on project execution and deliverables and are equipped with an urge to excel despite being a small fish in a big pool. A startup in the space of collective intelligence and semantic technology, the freedom to experiment despite the risk involved and the creative satisfaction that one derives during the implementation stage are a few factors luring aspirants towards start ups.
The career prospects in startup firms are much more as it gives employees the opportunity to learn as they work. Also, as opposed to large organizations, start ups do not consist of more than 20 to 30 employees; hence work is performed like a close-knit family.
However there is no denying that working for large organizations has its share of advantages. They could offer a brand name, thus adding more credibility to your resume, provide fancy pay packets and also allow you to explore opportunities of working on large projects. But experts also suggest that they designated defined roles and responsibilities and employees may not attain an independent status of their work in a large organization; not to forget the career growth, too, takes place at a slower pace. The situation is quite otherwise in a start up. Since an employee has direct access to his/her higher up seniors, the rate at which his/her work gets recognized is faster. Also, one has to don multiple hats at the same time; this can help employees gain experience in diverse activities and even hone their multi-tasking skills. But does money continue to be the biggest issue of concern for employees planning to pursue a career in a start ups? Gone are the days wherein money was the sole parameter against which a decision was being made by an aspirant; today they want to learn as they work and seek training opportunities.
Even though there is a rise in the number of people willing to join start ups, according to experts getting a job in one is a daunting task. They have very stringent hiring policies as start ups don’t have the luxury of making hiring mistakes. Job seekers are scrutinized thoroughly for perfection one must be willing to adopt a mart approach to deliver against all odds and must learn on the job and grow while taking up new and multiple responsibilities. Time lines and milestones typically are very aggressive in a start up and call for enormous time management abilities, besides technical know how.
In a start up growth is always exponential. Though the initial pay packet might be relatively small, employees enjoy huge financial success along with the growth of the organization. Even if a start up fails as an organization, one might not grow financially but as a professional you still grow exponentially.