What are the tradeoffs between going to a startup versus joining a mature company? Having done both, several times, I get this question all the time. Putting aside for a moment industry preferences and how you feel about the products the company is building both of which are very important! In a mature company, you will likely have more role models to learn from and stronger teams to collaborate with, a clear direction, and a mature board. The role you consider may have a narrow scope, but could offer deeper learning and of course great benefits, compensation, and the like.
From Startup to Grownup: How to Build Your Company
Every business begins its life as a startup, but the goal is to someday evolve into a more mature phase. But as many have learned, there is not just one defining moment in which a startup becomes an established venture. There are certain indicators, however, that prove your business has made it to the next step:. That's because even the most successful businesses have ebbs and flows in income, as well as ongoing changes in expenses. Therefore, it can be difficult to see growth.
You will have to be flexible in your thinking and adapt your strategy as you move along. Indeed, different approaches are required for market penetration versus, for example, what may be required to achieve growth or retain market share. Understanding your position in the business lifecycle just might help you stay a bit ahead of the game here and defy the odds, as you anticipate the potential challenges and obstacles that are upon you or are on the way depending on what phase you are in or about to transition to. This is the very beginning of the business lifecycle, before your startup is even officially in existence.