It's Just Grass: Weighing Big vs Small Company Moves | WealthWave
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It's Just Grass: Weighing Big vs Small Company Moves

January 3, 2024
Is the grass actually 'greener' on the other side?

Deciding whether to leave a large company for a smaller one is a significant decision that depends on various factors. The metaphor of "the grass is greener on the other side" suggests that situations might look better from a distance, but in reality, they may be similar or come with their own set of challenges. In this context, it might be more accurate to say, "the grass is different." Here are some important considerations:

1. Culture and Environment:

   - Large companies often have established processes, structures and a defined company culture. There might be more bureaucracy, but there's also likely more stability.

   - Small companies, especially startups, may have a more flexible, dynamic and collaborative environment. However, they might lack the structured processes that bigger companies have.

2. Job Role and Growth:

   - In smaller companies, you might have the opportunity to wear multiple hats, which can provide diverse experience and faster skill development.

   - Larger companies might offer more specialized roles, but with clearer career progression paths and training opportunities.

3. Risk and Stability:

   - Larger companies often provide more job security due to their established market position and financial stability.

   - Smaller companies, especially startups, might be riskier in terms of job security, but they might offer equity or other benefits that could be financially rewarding if the company succeeds.

4. Compensation and Benefits:

   - Big companies often have comprehensive benefits packages, including health insurance, retirement plans and other perks.

   - Smaller companies might offer less traditional compensation packages, potentially with equity stakes, but might lack some of the perks of bigger companies.

5. Work-Life Balance:

   - Smaller companies may have a more flexible approach to work hours and remote working, but the expectation might also be that you're available more due to the company's size and needs.

   - It’s easier to stay with a larger company and change a few things you’re doing to grow your business.

6. Impact and Recognition:

   - At smaller companies, individual contributions can have a more direct and visible impact on the company's success. This can be rewarding depending on where you are in your career.

   - In larger companies, the impact of individual contributions might be diluted among the broader organization, but there's potential for separate recognition on larger platforms or within larger teams.

7. Networking and Future Opportunities:

   - Bigger companies often provide wider networking opportunities due to their size and reputation.

   - Smaller companies can offer relationships within the industry, which can be good depending on your career goals.

Before making a move, it's essential to:

- Self-reflect: Understand your own career goals, values and what you want in a work environment.

- Research: Learn as much as possible about the smaller company, its culture, financial health and growth prospects.

- Discuss: Talk to current or former leaders of both companies to get inside perspectives.

Remember, there's no universal right or wrong answer. What's most important is finding a fit that aligns with your personal and professional goals.