In a world where technologies are advancing at an impossibly fast pace, and large companies dominate the IT sector – it's only natural to wonder: "Is there still room for startups?" The fact that there are many articles and expert opinions with headlines like "The golden age of startups is over," "Enough with startups," or "Nobody wants to work in startups" doesn't help either.
Of course, with such a pessimistic outlook, doubts and fears creep in. However, our IT recruiting agency, Lucky Hunter, loves startups and suggests looking at the question from a more positive perspective. Today, we offer ten reasons to motivate you to start your startup!
Follow Your Dreams
The first reason is, of course, the freedom to follow your dreams and preferences. Creating a startup allows you to work on projects that align with your vision. With your startup, you'll have the freedom to shape values, create innovative solutions, and make a positive impact on the world. This "spark" will help you overcome all obstacles.
Many believe hiring IT specialists, particularly at the senior level, is nearly impossible for startups. However, at Lucky Hunter, we prove the opposite. In our case history, there are many examples of successful recruitments for startups worldwide. For example, we found two senior-level .NET developers for an American startup in 3 weeks.
The path of an entrepreneur is a journey of continuous learning. You will encounter various challenges and problems, acquire new skills you never even thought of, and become stronger. Creating a startup is stepping out of your comfort zone, and the knowledge and experience gained during this journey are invaluable.
By creating new products or services, you contribute to technological progress and stimulate the growth of the IT industry. Unconventional thinking, experimenting with new ideas and visions will help turn your concept into reality.
Freedom of Action
A startup will allow you to set your schedule and work on projects that interest you. You will have autonomy in decision-making and shaping the direction of your business.
Startups create new job opportunities, contributing to economic growth. You will be able to hire a team of talented individuals who share your vision and create a favourable and inclusive working environment. Moreover, you can transform the job market by providing opportunities to under-appreciated specialists. :)
Community of Like-Minded Individuals
You are not alone. The startup ecosystem is a community of like-minded individuals, including other entrepreneurs, mentors, investors, and industry experts. You will be able to establish valuable connections and friendships that can last for years.
Thanks to the internet and digital technologies, you can take your startup to the global market from the start. You have the opportunity to reach a diverse audience, find potential customers and investors, as well as exchange ideas and experiences with like-minded individuals.
Addressing Global Issues
IT startups have the potential to address global challenges, such as climate change, improved healthcare and education. By leveraging technology and innovative approaches, your startup can contribute to the well-being of humanity.
Examples of success
Successful startups and their founders serve as a source of inspiration for other aspiring entrepreneurs. Your journey can become an example for others to follow!
A few words about risks
Of course, when talking about startups, it's impossible not to mention the risks involved.
Most startups rely on investments, and there is not always the possibility to predict whether the support will continue in the future. During the first years of a startup's existence, it is in an unstable position since it is constantly at risk of shutting down if the investments stop.
Achieving success is tough
According to statistics, 9 out of 10 startups fail, and 23% fail due to an improperly assembled team.
Launching a startup just for the sake of having a startup is not enough; you need to have a unique feature, something that sets you apart from others. Creating a unique, valuable, and impressive product or service is very tricky.
Startups often face intense competition in the market: they compete not only with larger companies but also with other startups offering similar products or services.
Here are some examples of successful startups:
This popular startup was founded by two friends who began by renting out air mattresses in their apartments. Today, Airbnb is the world's largest accommodation rental platform.
It is a leading platform for hosting and managing open-source IT projects. Established in 2008, GitHub offers developers a collaborative platform to work on projects and track changes, becoming a social network for developers.
This music streaming service started with a small team in Sweden. Today, Spotify is one of the most popular music platforms globally, offering access to millions of songs and podcasts.
Originally developed as an internal communication tool for a company, Slack quickly became one of the most popular tools for team collaboration and messaging in the business environment.
Initially conceived as a competitor analysis tool for search engines, Semrush has steadily transformed into a comprehensive platform, encompassing marketing research and advanced analytics capabilities.
We at Lucky Hunter collaborate with Semrush and have successfully filled several vacancies.
We hope that this article was helpful to you. We are sure that you will succeed! And if you need help finding talented IT specialists, contact Lucky Hunter. Fill out the form, and we will get in touch with you.
Content Manager at Lucky Hunter
Focusing on a diverse range of topics including talent acquisition strategies, employer branding, workplace culture, leadership development, and industry trends. With her extensive knowledge, she delivers engaging content that helps businesses thrive in the competitive landscape of today's job market.