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Joining the ranks of a startup can be exciting. Startups have a reputation as being fun work environments full of challenges and long hours, but completely worth it when the company goes big time. Just like everything else, there are pros and cons to working at a startup, and when you better understand the risks, you can gauge the benefits of the rewards. Here is what you need to know before working at a startup.

Know the Landscape

Startups can encompass so many different types of businesses, so before joining a company, learn more about the industry. Whether working in an office or remote, it is also wise to research the startup's area. Local laws and regulations will impact the business. Detroit-based startups, for example, may have a different path than startups in other cities. Learning more about local laws and regulations can help you make an informed decision. 

Change is Constant

Change is a normal part of all work environments. Team members come and go, technology advances and processes change, which is normal. Things change much more quickly at a startup. Large, established companies can anticipate changes, and they have access to big teams that can more easily adapt, but smaller businesses sometimes have to adjust on the fly.

Smaller teams mean everyone helps out with just about everything, so if one person is sick or abruptly leaves, that can put the company into a tailspin. It is entirely normal to change titles, job descriptions, and responsibilities. This change can be exciting, but it can potentially be disruptive, so it is crucial to learn how to adapt quickly and roll with the changes. It is also a good idea not to get too comfortable because something new is always around the corner.

Be Willing to Lend a Hand

For a new business that is just starting out, it may not make sense or be possible to bring on an entire team of seasoned professionals who are experts in their fields. The team that is in place will do a little bit of everything. Maybe you were brought on to do coding or marketing, but you may likely find yourself handling customer service inquiries or placing an order with a vendor. As things take off and the business grows, the team will expand, and the company will be able to bring people in who can take on specific roles. In the meantime, everyone needs to help out and do what they can.

Startups are always bringing in new team members, and it is common for new businesses to bring in younger, less experienced talent at the start. As the company becomes more stable and established, they can afford seasoned team members often starting in a management role. Sometimes existing team members may feel threatened by the new additions, but understand that everyone is on the same team. Rounding out the group is a sign that things are going well and business is booming, and just because your responsibilities are shifting as new employees join that ranks does not mean there is no longer room for you.

Enjoying the Perks

Startups usually offer an array of perks, like flexible hours, no dress code, and maybe the ability to bring your dog to the office or work remotely. These rewards can help offset the drawbacks, like being tasked with doing things you may not be familiar with and working very long hours. A startup environment fosters close connections, so company-sponsored lunches and happy hours can be routine. 

Things will change as the company grows, and maybe you will have to stick to a regular schedule, or your pet is no longer welcome at the office, or perhaps the company is not picking up the occasional bar tab. It can feel like you are losing out when these early perks disappear, but they will usually be replaced with different bonuses, like health insurance, retirement plans, and maybe stock options. Do not dwell on what you are losing but appreciate what you are gaining.

Understand the Risks

Working for a startup can be a great opportunity. You will learn a lot about yourself, but you will also meet some fantastic people along the way, and being an early hire will likely result in compensation when the company makes it big. That is if the company makes it big. Not every business is destined for success, and while some startups go on to do great things, lots more close-up shop. You are rolling the dice when you work for a startup, and often, there are things beyond your control. You can work very hard and do everything to the best of your ability, but things may not work out, and the business may close, leaving you unemployed.

Make an Informed Decision

Each situation is different, and you need to do what makes the most sense for you. Working at a startup can fast-track your career or send you back to the drawing board, but you will gain a wealth of experience either way. You will be able to use that experience to move forward and find success in whatever you end up doing.