What framework do you use when assessing a new opportunity at a different company?

Question

Anton Kravchenko · Accepted Answer

To make the decision, I think of opportunity, ambitions, passion, and time:

1. Opportunity - obviously there is a matter of compensation, but there is also an opportunity for professional growth. For example, joining a startup allows you to grow much quicker -- you will be wearing different hats and working much closer to the company leadership. You will make a lot of mistakes, but the learnings will be much greater.
 2. Ambitions - depending on where you at in life, different things might take a priority and it's important to keep that in mind e.g. you are starting a family or want to work remote from an island in Hawaii. If you are ambitious and feel that you can do more, you can tell your manager you want more work or go to another company or start a project/your own company.
 3. Passion - you can gain your initial experience in one company, but if your heart is in the other place e.g. music, you probably want to consider getting a job at Spotify or Apple Music. That is where you will have the most fun.
 4. Time - from my experience, it takes ~2 years to get up to speed with a new product area and make significant contributions. That is why it's common to see PMs going to other companies or seeking other roles within the same company. This allows you to grow and shift gears a little. In my 5 years at MuleSoft for example, I worked on 3 different product areas -- I've learned how to build marketplaces, identity products, and API platforms.

Natalia Baryshnikova · Answer

First, like to work on problems that I am passionate about. I love to learn and make impact in areas that I think, pardon high brow speak, will make the world a better place. One such area of passion for me is helping people and teams achieve more through working together. I never even considered opportunities that I personally don't feel passionate about, as I know that would not make me happy at work. This is a privileged position to be in, and if you have to pick something in a different framework, don't feel bad please. It's okay to pick work that is just work.

Second thing I consider is potential. Do I believe that a problem this product is solving has a high enough potential? Are there any macro signals suggesting that impact will grow? I love to understand the industries and their core current problems to make that impact assessment.

Lastly, I look at the prospective manager. This is a person who will make or break your experience at a new company. Study them well, and make sure you have a great rapport.

Louisa Henry · Answer

This is a framework shared by one of my former executive colleagues. I've found it to be incredibly helpful when thinking through your career, taking on a new project, or considering your next move.

Biggest suggestion is to get it on paper. Thinking about your career can be a lot like building product.

1. Write lists of what you do and don't know. What you're confident about, what you're not sure about. After completing your do know/don’t know list, consider actions you can take to move your “don’t know” into the “do know” column. 
 2. Think through each of these topics and write down what's important to you, where you thrive, and what success looks like.

* Areas of passion - encompasses not only the domain you want to be in, but also the skills, experience, and strengths you bring
 * Fulfillment – includes reflecting upon alignment to your values, higher purpose and legacy
 * Environment – examines multiple ingredients that combine to create working conditions that set you up to be most successful
 * Success – creates intentionality around how you are going to measure success in your next role

3. Then think through your decision-making criteria for what is next? (PT, flexible, mission alignment, decision-making authority/span of control, wage, etc.)

Yasmin Kothari · Answer

When looking for a new opportunity, I ask myself four questions:

* Am I excited to work on this mission? If I’m going to dedicate 40+ hours a week on solving a specific problem, I need to be sure that the solutions I’m working on are ultimately helping people and making the world a better place.
 * Will I be happy working with these people? I operate best in an environment that values transparency and high standards, has a low-ego culture, and encourages people to bring their whole selves to work. I need to be part of a culture that has values that align with my own, and frankly, I just want to enjoy working with my teammates!
 * What skills will I gain that complement my toolkit? Work is more fun when you consider yourself a lifelong learner. Any new role and company needs to offer me the opportunity to add new skills to my repertoire. This can come through my manager, other leaders at the company, or learning by doing the role itself. When joining Asana, I was particularly excited about learning a playbook for how to scale product teams.
 * Am I poised to have a deep impact? Finally, I want to make sure that I have some uniquely suited skills and experience that will help me make a lasting impact in my new role. I am most fulfilled when I feel like I’m adding value to the business and to my teams.