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New Business Owner Receives Intriguing Job Offer | Fairygodboss
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Lena Evergreen
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26
Where For-Profit Meets Non-Profit
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Cheryl Magen
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138
"Believe in yourself first; success follows"
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As hard as it might be to hear, I would say, Proceed with Great Caution!! I think that with a start-up, PT means FT and FT means all the time...because there is so much energy to get things going, it will not truly be PT. You're investing in your own business and are happy. Let it go....if they want you down the line, you can see where you are then.
Anonymous
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I agree with Denise Gorant. If your LLC is your passion give it all. Not many people are able to make their passion their business. I understand that It might be scary and tough and the security might be appealing. But Whatever time you invest in your own business you will get the reward. On the venture, it is a venture and as a start up it might demand a lot of time and energy from you regardless of what is agreed. Are you willing to go off your passion for someone else’s? As some said above, make it another business you consult.
Denise Gorant
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Problem Solver and Organizer
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Invest in yourself. I’ve made this mistake a few times. If you have a viable business of your own that is your passion, focus on that. Then you’ll be the family friend offering stock options. Best of everything to you!
Michelle Moulton
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36
Implementation, Training, Healthcare, IT
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Hmmm, what to add to all the good advice? I don't recall reading much in the comments on the effect that taking on this additional opportunity will have on your personal life. If you are already working extremely long hours each day on your business and then take on or carve out time for the PT role, will the lesson the time that you have for yourself? I find that most people underestimate the amount of time needed for both of these types of commitments. While you may have the stamina and time to devote your efforts to both, how long can you maintain that level of workload before it begins to affect your health both physically and mentally. If you still desire to do both, then set limits with the PT role ahead of time with the owner and the option to reassess your contribution after a set length of time. The last thing you want to do is destroy the work you have already put into your business. Good luck!
Beth Caldwell
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555
Leadership Academy for Women
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As a fellow dedicated and passionate entrepreneur, I'm so happy for you! My advice is to say YES because it feels good to you. Let them know that you'd expect a salary increase as soon as possible, and remember nothing you do has to be a lifelong commitment. See what happens. Good luck and keep us posted!
User edited comment on 11/21/20 at 2:39PM UTC
Nichole Scott
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Sometimes distractions disguise themselves as opportunities. You have a start-up you LOVE. If you need the money from this job, I'd say take it but be careful it doesn't take away from your business. If you don't need the money, do as someone said in an earlier post and take them on as a client. I just started my own business as well, and it gets tempting to look at other jobs still. What we have to do is get out of the "employee" mindset because we chose to leave that side behind. You are an entrepreneur now. Congratulations! Now, you have to act and think like one.
JYJ
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Do you have the option to consult with them as opposed to taking a PT role?
Anonymous
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I worked at a software start-up. My position's compensation included stock options in the event we sold the company. This was clearly an incentive. At the peak, there were 18 of us in this role. Unfortunately, prior to the sale, most employees were let go leaving the original, very small group (~10 people) to reap the benefits. While I see their reasoning, they should never have written anything about the stock options into our contracts. On this side of it, my naivety gone, I would consult an employment attorney to review the contract.
Alison Swerdloff
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111
Self-Care and Self-Discovery Consultant
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From what I am understanding this position is only part time, so why not do both? Continue to build your consulting firm while working part time at the start up. If it fits in with what you believe in and the hours work for you, are you really losing anything? Also, if you can create a schedule that allows you to work for this company let's say from 9 to 1 daily, you still have plenty of time to do your consulting work and you can have the start up pay your salary into your LLC, so it is as if they have hired you that way. This way you are still a contractor and not an employee, as your company is the actual employee. Just something to consider.
Linda Quarshie
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"What you think, you become" - Buddha
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I am an entrepreneurial person who has started and have my own business but also in the corporate world but my business is online sales so it does not need me to be there 100%, my point is that I understand the thrill and excitement of doing your own thing so let me speak from that point. Just another angle... While the offer sounds intriguing, what I personally glean out of it is “security”, “health and welfare benefits” hopefully. A start up C suite may not have the bells and whistles of a mature company C suite unless you have absolute certainty this will grow into something really big. My gut is that you continue with your LLC, you alluded to financially being better off by yourself but if the partnership gives you all the other sucurity you cannot get from your LLC then go for it, otherwise you will learn and grow soooo much on your own and have that on your resume for future better paying partnerships or companies you go to. The best and most important thing is you have already started working for your LLC which is SOOOO admirable. So many people want to start their own thing but so little follow through, it takes guts so at least give it a go.