Even during recession, there are still individuals or a group of businessmen who are trying their hands in various industries. Companies established on a daily basis. Some of them are relatively small while other businesses have used up millions of dollars in capital. But size doesn’t really matter, these companies will still need assistance which means they will look for people.
A new company offers a great opportunity for job seekers. There is no competition and everyone gets a fresh start not just in the industry but also in impressing the owner(s) of the business. If you can excel at the first few months, there is a big chance you’ll get a promotion.
But before you join a new company, there are considerations you need to remember. Not every new company can survive recession or even in regular economic setting. Before you join a company, you need to look at some of their information and some factors that can suggest your chance of survival.
Industry Need – The number one question, you’ll always ask to determine the company’s survival is the need of the service or major product the company is offering. If there is a big demand for the service or product, your chances of improvement is good.
However, the need alone doesn’t determine your chances of survival. There is also competition which will basically determine your chances of selling. Competition should never intimidate you but you don’t have to count them out since they are also trying to win over clients.
1. Founder’s background – There is always information online about the company’s founder. If the business is very local, you could check the founder’s background from various local sources. You can talk to your friends and families and even the social network. The founder’s reputation is very important since it will later suggest the company’s image.
2. Transferring from your current company – There is always a chance that a new company would need credible and reliable employees in the industry. There is a chance that you’ll be one of those individuals. The new company might approach you with a better salary, benefits and additional perks that you always wanted from your current company. This might sound good and you’ll be tempted. Before you transfer, make sure that you have cleared your business from the previous company.
3. Do not expect too much – There is always a chance that you’ll be expected to perform well for the new company especially if you will receive considerable compensation. But it can get really frustrating since a new company will never be able to achieve significant improvement immediately. You need to take it slow and apply what you know.
A new company offers a great opportunity to become someone well known and be compensated well in the industry. But it does have its pitfalls that you need to check since it can ruin your career. Double check the industry competition as well as the founder’s reputation in order to have a better judgment of the company’s future.