The tech startup sector is thriving in Queensland, and this offers many exciting opportunities for job seekers, it also means some candidates are facing a unique decision: whether to take a role with a larger, established company, or accept a job with a smaller startup business.

The Queensland government is backing this growing sector and have launched ‘The Precinct’ an amazing facility located in Brisbane’s Fortitude Valley, which brings together Queensland startups, incubators, investors and mentors under the one roof. They even provide funding opportunities and have recently boosted their entrepreneurial culture by improving access to finance, new business opportunities, and management support. They also fund Qihub, a digital platform connecting innovators and startups, creating a tech savvy community.

With this much support for tech startups from the QLD Government, this sector will only keep growing.

Here at genesis IT we have pulled together our top pro’s and con’s of taking a role with a startup, to give you more insight and to help you on your decision on making the move.

Our top pros are career progression and tech innovation.

If career progression is important to you, a start-up may be the key to taking your career to the next level. You’re likely to have more responsibility and be given more opportunities and you may be the first in line for a promotion as the business grows.

If you are looking for innovation a startup is a great place to join. Not only will you learn from provocative innovators, working closely with them and learning from these inspiring people, tech startups are at the forefront of new technology innovation and you will get the opportunity to be exposed to it, as it’s developed.

However, with all big decisions in life you need to explore all directions, so our top cons are job stability and work/life balance.

The risk of running out of money is very real for start-ups, and a significant number of small businesses fold within their first year. You need to work out whether it is worth taking the risk.

Your work/life balance also might not be very balanced. Building a business from the ground up takes a significant amount of passion and dedication, which might mean long working hours.

And the elephant in the room… salary.

Salary is an important factor for job seekers, but don’t assume a new business won’t meet your earning expectations. A lot of tech startups can actually offer more money, because of investors backing them. Others may compensate by making their salary packages and staff benefits more attractive, including giving staff the latest tech gear, and a focus on professional development and paid education. 

If you are looking for further inspiration whether a startup would be for you then check out clipchamp, one of Brisbane’s local tech start up success stories. 

Their talented team created a free video editor to create beautiful videos and it’s now shaping the future of video. In 2019 they secured a $1 million investment from prominent entrepreneur and Shark Tank investor Steve Baxter, who has also joined the board of the Brisbane-based startup. Fast forward two years later and they have just announced its incredible partnership with Microsoft, ensuring access to the platform’s huge user base. 

clipchamp now has 17 million registered users on its platform, serving more than 390,000 companies and posting a year-over-year increase of about 54 percent. An amazing Brisbane based tech start up, which was definitely worth the risk. 

Next steps

If you are inspired and ready to launch yourself in the startup tech sector in Brisbane, first chat to one of our recruitment experts in Queensland on the opportunities that are available. Why? Getting the support of a recruiter opens doors and insight into the industry.

The roles we have right now and which in massive demand are:

• Both Frontend and Backend Developer’s
• Software Engineer’s
• Technical Lead’s
• Data Platform Engineer’s
• Test Automation Engineer’s

Contact us today on qld@genesisit.com.au or head to our website for more information: https://genesisit.com.au/