Central points
- In a small business, you might have a chance to learn a lot and climb the ladder.
- You may be pleasantly surprised at how much you can earn.
- Many small businesses also offer employees a good list of benefits, such as a pension plan or health insurance.
While graduating from college is an exciting milestone to celebrate, there is a downside. Now that you have your degree and your studies are over, it’s time to enter the real world and go out and find a job to pay your bills.
When it comes to finding work, you have choices. You may be motivated to work for a large employer with large financial resources. But here is the reason to apply to work for one small business could benefit you even more.
1. You have a chance to build up great experience
When you work for a large company, you may never meet its president or CEO—even if you end up being employed there for several years. When you work for a small business, you may end up working with the person who owns and operates the business, as well as other experienced people who can teach you a lot when you first start out.
Many people underestimate the value of free on-the-job training. And with larger companies, you don’t always get that much of it – at least not on a one-to-one basis.
Being able to get promoted can mean not only growing your career over time, but also yours savings account balance. But getting a promotion can be difficult when you work for a large company and there are dozens of employees like you all vying for the same few higher-level positions.
The advantage of working for a small company is that you may only be one of two candidates in line for a promotion at any given time. In some cases, you may be the only person eligible for a promotion, meaning that if you do your job well, chances are the higher-level job is yours.
3. You might earn a nice salary
It is easy to assume that larger companies pay higher wages than small companies. After all, these companies have extensive financial resources, whereas small companies tend to have limited resources.
But in fact, you may be surprised at how much money you can make from a minor operation. Small businesses paid an average hourly wage of $31.49 in April, according to Paychex. Assuming a 50-week work year (at 40 hours per week), that’s an annual salary of about $63,000.
If you come straight out of college with no experience, you may earn less than that. However, as you develop your skills, you may find that you are able to earn much more than that working for a small business.
Also, don’t assume that working for a small business means you won’t get any benefits. You can be comfortable with everything from a pension scheme to paid time off to a nice one health insurance level. Small businesses are often heavily invested in employee retention and are often willing to offer good perks to keep workers happy.
Working for a small business outside of university can do wonders for your career in many ways. It pays to consider looking for small business jobs when you enter the workforce.
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