I have been approached by an Executive Search company as part of their succession plan.

Anonymous

October 30,2021 at 12:59PM UTC

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I have been approached by an Executive Search company as part of their succession plan. This would be a different industry for me however I l ike the idea of potential ownership and having a higher base salary and potentially higher compensation in the future. I'm currently a recruiter / career coach and have been with my company for 12 years. I'd like to open an office for them but have control over decisions made / hiring etc. We're a small company. Has anyone ever approached their boss about a franchise situation or opened a branch office where they had lots of control and could offer advise? Also if I go with the other firm I'm not sure what questions I should be asking about partnership?

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AnonymousOctober 30,2021 at 6:08PM UTC
I know of several people who branched off and started their own business based on the knowledge they learned under a company. As far as your company I would just tell them you have been approached by another company if they say they want you to stay then you should tell them what it would take to make you stay. You could mention to the other firm you were thinking about starting your own business and tell them how you could assist them in their growth by bringing your knowledge of your industry an open up a new branch. However I wish I had the option of starting my own business. I think you should go for it. Start your own.
AnonymousNovember 1,2021 at 5:21PM UTC
It sounds like you have some good options available. I've heard of people leaving their company to start their own business, but not necessarily trying to branch off and partner with the company they are currently with. I would chat with the company who approached you first and learn more about that (just bc starting a business on your own may be tougher to get your current company on board).