Career advice
- Thread starter shifty_uk
- Start date
Soldato
- Joined
- 5 Aug 2006
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- 11,503
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- Derbyshire
In my experience never stay with a company that treats you like dog mess.
+1.
Move to the start up and live frugally for a bit, keeping enough banked to last 3-6 months without pay. By the sounds of your experience (and what you will gain in the new job) you won't find it too difficult to get another position. Remember with the lower job security to keep your C.V. up to date. If it doesn't work out well there is always contracting for a bit too.
Caporegime
- Joined
- 13 May 2003
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- 34,703
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- Warwickshire
On the face of it, that obviously sounds interesting, but lots of questions would need to be answered first:
- Can you work with this ex-director?
- Why is he or she offering you 1/3rd shareholding in an already established company with good projections? Presumably he or she wants some capital from you for this?
- Can you compete on your own footing instead?
If you can live with the risk that the startup will fail...or have marketable enough skills to find a similar post to your current role. Then go for it !
If you would struggle to find a decent alternative then stay put.. or at least test the market for your skills.
All you can do is roll the dice with the best info that you have. Fate will then take it's course...
If you would struggle to find a decent alternative then stay put.. or at least test the market for your skills.
All you can do is roll the dice with the best info that you have. Fate will then take it's course...
Thanks for all the feedback chaps, appreciate it. I agree, on the face on it at least, it does look like a no brainer. I just need to make sure I'm doing the right thing for the right reasons.
I may have to write a a list of pros and cons
One downside I'm seeing at the moment is my mortgage application... We've been looking at bigger properties for 6 months now and haven't yet found the right place. If I don't secure a mortgage before I give this a go, my 'self employment' status might make this a bugger!
Responsibilities consist of the usual..high rent/associated costs, car, dog etc..No fixed assets or mortgage. However, it's a double income household with no kids involved.
When the instance arrives(for example redundancy - which I've been through in my relatively short career) I've always bounced back in max-6 weeks. I have a marketable CV. Equally, I don't have an issue jumping in the car, knocking on doors and getting contracts. With this move, I'll also have more time to continue growing additional revenue streams.
- I get on very well with said director; first company I worked for as a junior and gelled instantly due to my interest in the business and its operations as a whole; also held the place up during continued downsizing as I could turn my hands to most things. Kept in touch since. He's built/sold multimillion pound businesses so there's a lot I can take.
- Offering me the opportunity because he knows my personal business ambitions, CV and mixed bag of skills. He's getting older and wants the right people around him. No outlay required, I should be salaried from the get go; It's a service businesses with no outlay required and as said, a sizeable recurring revenue stream already in force. Offices/equipment/staffing will be bought/expanded/accounted for if/when required.
- I could with a lot of work and self-learning but this is essentially fast-tracking the process.
I may have to write a a list of pros and cons
One downside I'm seeing at the moment is my mortgage application... We've been looking at bigger properties for 6 months now and haven't yet found the right place. If I don't secure a mortgage before I give this a go, my 'self employment' status might make this a bugger!
Responsibilities consist of the usual..high rent/associated costs, car, dog etc..No fixed assets or mortgage. However, it's a double income household with no kids involved.
When the instance arrives(for example redundancy - which I've been through in my relatively short career) I've always bounced back in max-6 weeks. I have a marketable CV. Equally, I don't have an issue jumping in the car, knocking on doors and getting contracts. With this move, I'll also have more time to continue growing additional revenue streams.
- I get on very well with said director; first company I worked for as a junior and gelled instantly due to my interest in the business and its operations as a whole; also held the place up during continued downsizing as I could turn my hands to most things. Kept in touch since. He's built/sold multimillion pound businesses so there's a lot I can take.
- Offering me the opportunity because he knows my personal business ambitions, CV and mixed bag of skills. He's getting older and wants the right people around him. No outlay required, I should be salaried from the get go; It's a service businesses with no outlay required and as said, a sizeable recurring revenue stream already in force. Offices/equipment/staffing will be bought/expanded/accounted for if/when required.
- I could with a lot of work and self-learning but this is essentially fast-tracking the process.