Calling all Millennials! The grass might really be greener in startupland. It seems that 20-somethings have had a hard time finding their place in the corporate world. Our arrival into the workforce has prompted articles in Time Magazine, Forbes, and Fortune all trying to figure out how to best motivate us. For many, it may be that the environment found in most large companies simply isn’t a good fit (at least for right now.) For a generation that requires constant feedback, craves more responsibility, and challenges hierarchy, startups have a lot to offer. There are plenty of inherent challenges, risks, and obstacles in this world as well. But here are five things millennials will love about working for a startup.
1. Startups are more collaborative
For every two employees at a startup, there are 12 jobs to be done. In his article 10 Tips on the Value of Collaboration in Startups Martin Zwilling said, “Any entrepreneur with a vision can postulate a new business, but it takes a collaboration of many people to make it a success.” When you’re a part of a small team that is bouncing ideas off each other all day every day, feedback is simply part of the culture. It has to be. If what you’re doing on a daily basis adds value to the company, you will know. And you’ll be asked to figure out a way to do twice as much of it. If it doesn’t, see #2.
2. Startups want you to quit your job
If you’ve been working at a startup for more than a year, it’s likely that you aren’t doing the same job you were hired for. Startups are always growing — quickly. And you’re invited and expected to take part in that growth. That means you’ll be encouraged to take an hour out of your day to sit in on the seminar about project management. Your boss wants you to spend 30 minutes in the morning learning to code with Ruby on Rails because it will give you a better understanding of how the tech works. If you want more responsibility or have identified an area of the business that needs to be managed, it’s yours to take on and become the expert.
3. Startups are more transparent
It’s no secret that Millennials often challenge hierarchy. The good news? In a Startup, you’re often invited to. While many of the decisions in big business are made behind closed doors, in startupland, management will often provide a clear picture of what they envision on the horizon and ask for feedback on the decision making process. Buffer sets the bar high with their transparency policies and even hosts a dashboard which lists well, everything. They display employee salaries, fundraising dollars, pricing, values, revenue, and even a Buffer booklist. We have a little bit of a business crush on them.
4. Startups want to make work (really) fun
Let’s face it, forced corporate company events are the worst. Nothing kills a Friday night like knowing that you’ve got to spend three awkward hours dressed in business Cow-sual at your office Halloween party with coworkers who you normally never see outside the office. Startups work hard to encourage in teambuilding on a weekly if not daily basis and create an environment where employee engagement occurs naturally. While culture is so much more than Ping-Pong tables and craft beer, those things definitely foster a more relaxed environment where employees can be themselves and enjoy time with their teammates off the clock.
5. Startups encourage work-life integration
The days of traditional 9-to-5 jobs are long gone. So why are big companies so slow to the party? We no longer go home for the evening and tune out our cell phones and shut off our laptops. Millennials especially are constantly connected. Startups are great at allowing a flexible schedule so people can integrate life into a work day that has stretched from 8 hours to all hours. Brian Parks, co-founder of Brandfolder and current VP of Enablement here at P2Binvestor, provides some insight into managing a flexible schedule for your employees: “Diligence and care are required if we want to be and feel productive, satisfied and sane. Communication, expectation-setting, and monitoring in the employee/employer relationship are also paramount. It’s all about achieving a balance between the employer-enabled flexibility we value and the employee-driven control needed to make it really work.”
Interested in giving startupland a try? We are always looking for great people to contribute to our ever-growing team. Send us an e-mail! Already involved in a successful startup or small business and interested in working capital? Take two minutes to complete our quick quote and we will help you keep building!