I have spent the bulk of my professional career working for one corporate behemoth or another. I bought and drank the bad coffee, tolerated the dress code (even though I have yet to find any correlation between code quality and whatever I happen to be wearing), suffered the meetings, and bit my tongue about the asinine policies (most of the time…ok some of the time), and basically lived a stereotyped existence.
That’s not to say that I had a terrible experience in Corporate America - far from it, in fact. The real issue was the work. I found myself in a position where I didn’t have the opportunity to do the type of work I am passionate about, and all of the other little things started piling up.
Apples and Oranges
I started keeping an eye on the local job postings; occasionally, at first, but more and more frequently as time wore on. I found that almost all of the postings were some variation of the job I already had, and I was in need of change. Luckily, I stumbled upon this add.
Two interviews, and a number of emails later…..the job was mine for the taking. All I had to do was figure out how to compare my then current job to the offer on the table. I knew I would be doing exactly the type of work I love at Brightmix, but Corporate America had it’s points too.
Money
Money should be an easy one. Simply compare salaries, retirement, stock options, insurance, etc and put a number on them. The tricky part is trying to figure out how your salary will grow with a small business. If the company does well, and you work for good people, your salary will more than likely reflect the company’s success. Corporate America, on the other hand, usually has a set range of salary increases, and a fixed schedule for handing them out.
Location
Location may actually be easier than money, unless you live an equal distance from both places. Generally, one will win, easily. For me, this was an easy victory for the small business. Google Maps says 0.7 miles, going the long way!
Risk
Startups and small businesses are generally considered a riskier undertaking than your average corporate job. If you are really serious about working for a small business, especially a startup, you have to consider the idea that the business might fail. What is your plan B?
My answer to this question is a decent emergency fund, and a good local job market that’s probably not going to dry up anytime soon.
Benefits
Depending on the business, benefits can either be really easy, or insanely difficult to evaluate. Don’t expect a carefully branded company folder full of every detail about every dollar you are entitled to. There’s a good chance that your prospective don’t offer a number of benefits yet, making it next to impossible to compare them with what you already have.This was the area I struggled with more than anything. As the first prospective employee for Brightmix, everything was new to them. They didn’t have retirement or health insurance, because nobody needed it. They decided that I would qualify for retirement in 6 months (conveniently giving them 6 months to come up with a plan), so I had to choose whether or not to try to beat the details out of them. I chose to wait, hoping that time would give them more opportunitity to research, and ultimately result in a better plan.
Soft Benefits
Your calculator probably shouldn’t answer this one for you. Soft benefits include things like dress code, flexible scheduling, telecommuting opportunities, etc. Yes, you can add up the amount of money you will save by working from home, but there’s a lot more to it. It’s all about what these things mean for you. If you have been dying to work from so you can wear your pajamas all day, or so you can hang out with your dog…. it might be worth more to you than the $300 you will save in gas each year by not driving to work.
Happiness
You certainly can’t buy happiness, but it won’t put food on the table either. Still, it has to count for something. Obviously, if you are out looking for a job, you probably aren’t happy with your current one.
For me, the happiness factor was a big one. I really liked the people I would be working with, and was really excited about the work I would be doing. Additionally, I would have a voice in the company.
The Right Move
I joined Brightmix a little over a month ago now, and couldn’t be happier. How does actually working for a small business differ from Corporate America? I think I have found my next post.