![]() They are also innovative and keep improving their business models, processes, and portfolio. Startups are smaller and less structured. Create an infographic with Visme Advantages 1. These are illustrated in the Infographic below and discussed further on. I have therefore decided to match the 7 advantages with 7 disadvantages. Experience has taught me that running a startup is hard work and becoming successful could take many years of hard work and experimentation. Indeed, in an earlier version of this article, I focused exclusively on the advantages. He doesn’t mention the disadvantages, so there’s a danger that small businesses remain blind to their weaknesses. In his article 5 Competitive Advantages Startups Have Over Big Businesses Larry Alton mentions Agility, Team Chemistry, Less Bureaucracy, Competitive Pricing and Personality as the five strengths that small businesses can use against big businesses. The article Advantages & Disadvantages of Working for a Startup mentions similar Pros and Cons and is an excellent complement to the Infographic due to its detailed explanations. The top Pros were Work Environment, Flexibility/Freedom, More Responsibility, and Steep Learning Curve, and the top Cons were Lack of Structure, Low Compensation, Long Working Hours and Uncertainty / Instability. In 2013 VentureVillage conducted an online survey with over 150 participants to uncover the Pros and Cons of working for a startup and published the results as an Infographic. For a balanced view, I added the disadvantages that I have encountered. I soon realized that working for a startup has advantages and wrote about them in an earlier article. ![]() Leaving the CEO position at an established company for a startup business felt like a setback.
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