If you're interviewing with a start-up, in digital there are thousands, there are a whole bunch of interview questions you should ask.
It's not just a chance to make yourself sound smart, but to find out if the company who are interviewing you are going steady, not just in the financial sense.
It's something you'll want to know before you commit yourself.
Interviewing; it's just like dating.
Things like burn rate, financial backing and their current profit/loss situation should all be subtly investigated. Here's our list of the top questions to ask in a start-up job interview:
- How much financial backing do they have? If they are VC funded how long have they got to turn a profit? Or, if you're feeling brave - how much money do you have in the bank?
- What's your 2 year/5 year/10 year plan?
- Burn Rate - otherwise known as negative cash flow. How fast are you going through money? And how long will it be before you use up your venture capital and generate a positive cash flow? It takes years to build a great company so it's a gamble. Start-ups are known for volatility. Some are cash poor/money rich at the wrong times, and others generate immense profits.
- Researching your interviewer before hand is always a must-do but especially so in the merciless world of start-ups. Find out where their expertise lies and whether they've had any entrepreneurial success in the past. If it's a match to this new venture then all the better.
- One of the benefits of a start up is the scope for progression. If your company of choice "rolls a seven" you could be in a very cushy position. What started out as a 3 person-tin pot operation could be the next hotUKdeals/lastminute/wordpress and you'll be in the perfect position to reap the rewards of a swift promotion that comes with a hefty company expansion or some soaring stock options. All the more important, I suppose, to ask about job progression.
For any interview ask as many questions as you can until they tell you to, basically, get the hell out of there.
Got any suggestions for questions to ask? Leave us a comment below.
Picture courtesy of Linh-kulaty. Some rights reserved.
21 April 2010 by Suzanne Morrow
Suzanne is a Senior Copywriter at leading UK digital agency Dog Digital. Established in 1996, Dog Digital is one of the most experienced and accomplished teams in the digital arena. Today Dog boast a star-studded
international client portfolio and a trophy cabinet full of awards. They provide bright and innovative digital solutions that work. It's that simple.
Suzanne is a Senior Copywriter at leading UK digital agency Dog Digital. Established in 1996, Dog Digital is one of the most experienced and accomplished teams in the digital arena. Today Dog boast a star-studded international client portfolio and a trophy cabinet full of awards. They provide bright and innovative digital solutions that work. It's that simple.
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Comments
More top tips...
Leading UK <a href="www.theladders.co.uk">executive job</a> specialists www.theladders.co.uk have some great additional tips.
1. Ensure you have a good knowledge base from different businesses and industries.
2. Network, network, network. Online and offline, a good network is invaluable.
3. Leadership skills that have been challenged.
4. Dedication. Job hopping from one position to the next for more money or a title does not always reflect favourably on the individual.
5. A profile. PR yourself and your work. Win accolades for your business and demonstrate your worth.
6. Be brave! Senior executives who have made big career moves when they were young, have often managed to hang on and be part of a company’s big succession plan.
7. Work across different industries, taking-on different positions to show you know how a business works from all aspects of the chain.
8. Having a broad range of skills. This means that you will be well equipped to handle most situations thrown at you.
9. Listen. To your teams, to your peers, to your predecessors. This is not a natural skill for an entrepreneur which is why the best ones work alongside a CEO.
10. Stick at it!
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