Don’t Join a Startup Without Asking These 7 Questions

Joining any startup, regardless of what stage you're in can be stressful. So in this video, I'm going to share with you seven questions that can help give you some clarity as to whether or not the opportunity that you have in mind is actually a good fit for you in meeting your needs.

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0:00 - Introduction to Don’t Join a Startup Without Asking These 7 Questions

0:23 - Question #1: This is so important question to ask

The reason why you need to ask this question is because if you're in a smaller stage startup, this is an incredibly important question.

If the startup doesn't even know what their runway is, you should run for the hills because that means that they don't have a clear understanding of their cash flow, as well as how long of a runway they have before they run out of money.

1:28 - Question #2: Better understand whether or not this startup is actually in a growth phase

The reason why you want to understand how this company is growing over the last few years is because sometimes founders will sugar coat things and say that things are going really well because they had a breakout year, which is why they're hiring for this role.

But what you want to actually understand is whether or not this is a multi-year trend that has established. The reason why you want to figure this out is because if, for example, you've had a really big year in the last year where you doubled, but maybe the year before revenue cut in half, well, then that double is not actually that impressive.

2:30 - Question #3: Get a more clear understanding of where this role fits into the bigger scheme of things

The reason why you want to ask this question is because it gives you an understanding of where you might fit into the picture for whatever role that you're applying for. Not only in the short-term, but also in the next few years as well.

3:51 - Question #4: Ask this question to understand how good the company is

The reason why you want to answer this question is because it gives you a better understanding of how good the company is at anticipating where it's actually going to be a year from now or a few years from now

4:59 - Question #5: Ask this if you want to know if you can get along with future coworkers

The reason why you want to ask this question is because in the case where they don't say yes to this request, well, and there's something probably wrong internally in this culture, but on the flip side of that, if they say yes, in which in most cases they will, it's a great way for you to gauge whether or not you're going to actually feel like you can get along with your future potential colleagues.

6:24 - Question #6: Ask this if want to learn what they are working towards

The reason why you want to ask this question is because it can give you a better understanding of what exactly this organization is working towards some stuff. We'll take the venture capital route. And when they do that, it means that there will often be raised expectations from outside investors who have come into the business.

8:34 - Question #7: Make sure to ask this question

The reason why this question is great is because it's forces people to take a step back and just reflect on what they think embody some of the core values of the culture of this organization. And what you should be looking for is whether or not there are trends between the different folks of the organization and what they're saying or using in their words.

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Disclaimer: Grow with Will does not provide tax, legal, or accounting advice. This video, and the ideas presented in it, are for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice.