In 2019 I changed from working with big enterprises to experiencing a different challenge, working for a startup.
Now, to share my experiences, let’s quickly explain the differences between a startup and a corporation.
What is a startup?
Startups are young companies founded to develop a unique product or service, bring it to market and make it irresistible and irreplaceable for customers.
Startups are rooted in innovation, addressing the deficiencies of existing products or creating entirely new categories of goods and services, thereby disrupting entrenched ways of thinking and doing business for entire industries. That’s why many startups are known within their respective industries as “disruptors.”
What is a corporation?
A corporation is a legal entity that is separate and distinct from its owners.1 Under the law, corporations possess many of the same rights and responsibilities as individuals. They can enter contracts, loan and borrow money, sue and be sued, hire employees, own assets, and pay taxes.
So based on these definitions what are the main differences?
A startup environment is typically a fast-paced culture in which creativity and communication are valued. Startup culture is often perceived as being less formal than that of a corporate environment and usually puts less emphasis on hierarchy within teams.
A startup is a temporary organization designed to look for a business model that is repeatable and scalable. While a company is a permanent organization designed to execute a business model that is repeatable and scalable.
One of the best things about being part of a startup is that you will learn from multiple departments and not only your area of expertise, but the fact that you have a small team will also get you involved with their tasks, and you will become a professional with knowledge in different areas and will lead you to become a bit more entrepreneur oriented.
