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SidewalkTiger
Southern Miss Fan
An undisclosed location
Member since Dec 2019
32485 posts

Tough career decision

Currently in sales at a Fortune 500 corporation (in b4 fast food ), have been there a little over 3 years, and now have the opportunity to become the operations manager for a small business (8 full time employees, some contract workers).

I'm 28, married but no kids, only bills are my mortgage, and I have any 8 months of living expenses in an emergency fund so I can take a risk.

The cons are no benefits, newish company, a lot of uncertainty.

Pros are a ton of opportunity for future growth, the chance to have a lot of effect on the company, and it's a majority work from home position.

Starting pay would be basically the same.

I enjoy what I do now and like the people I work with but the challenge of helping build a business sounds very intriguing to me. I like the owner well and we seem to have similar views and thought processes about the future direction of the company.

Any advice from those who have been in similar circumstances?


LSUBogeyMan
LSU Fan
Member since Oct 2021
290 posts

Does your wife have health benefits, assuming she works.


SidewalkTiger
Southern Miss Fan
An undisclosed location
Member since Dec 2019
32485 posts

No, she doesn't work


jamboybarry
LSU Fan
Member since Feb 2011
29674 posts

What’s your new secretary look like?


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574
MEANGREEN65
North Texas Fan
Funkytown, TX
Member since Oct 2014
626 posts

You’re young. Trust yourself to grow that company and change the trajectory for your family. Big companies don’t give a shite about employees. Only shareholder return, public or private.


Ingeniero
LSU Fan
Baton Rouge
Member since Dec 2013
12578 posts

quote:

The cons are no benefits, newish company, a lot of uncertainty.



We're the same age and in the same financial situation, and this is enough for me to swerve it and stay where I am. But I'm risk averse when it comes to stuff like that. It's up to you to decide if it's worth chancing it. Even if it doesn't work out, you're so young you have time to change paths again.


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120
Roman Ponamsky
LSU Fan
Member since Oct 2021
52 posts

quote:

Starting pay would be basically the same.

quote:

The cons are no benefits, newish company, a lot of uncertainty.


Nope

quote:

majority work from home position


Your answer should basically come down to how much you value this


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170
fallguy_1978
LSU Fan
Half mile from St George
Member since Feb 2018
37690 posts

quote:

No, she doesn't work

No health insurance would be a deal breaker for me with the same salary.


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772
Simplemaaan
Iona Fan
Member since Sep 2007
3048 posts
 Online 

Put her to work man. No kids, she should be employed.


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902
Thundercles
LA-Monroe Fan
Mars
Member since Sep 2010
2372 posts

Stick with your sales career unless you hate it. At 28 in sales your earning potential is massive and will increase sharply. As an operations manager at a small time company your growth is tied to the company's growth, and most don't blast off.

I say this having no clue about the business the small company is in, but in your position the more stable bet makes more sense.


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250
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USA
Member since 2001
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Saskwatch
Ole Miss Fan
Member since Feb 2016
12013 posts

quote:

she doesn't work


no benefits and 1 income could leave you in a pickle

What happens if you, or her, God forbid are hospitalized (or worse). No Health Ins., No STD, No LTD, maybe you have life insurance independent of your job?

This post was edited on 1/14 at 7:36 pm


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220
RIPMachoMan
New Orleans Saints Fan
Member since Jun 2011
4656 posts

quote:

The cons are no benefits, newish company, a lot of uncertainty.


Are they giving you a percentage should they grow/sell?

If not, for same pay… I wouldn’t personally


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190
Jake88
George Mason Fan
Member since Apr 2005
56168 posts

quote:


The cons are no benefits, newish company, a lot of uncertainty.

Starting pay would be basically the same
Nope.


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70
memphis tiger
LSU Fan
Memphis, TN
Member since Feb 2006
19503 posts

quote:


The cons are no benefits


What exactly do you mean by “no benefits”?

Unless your wife has a job with decent benefits, this might be a deal breaker.


weadjust
Member since Aug 2012
12533 posts

quote:

The cons are no benefits


quote:

Starting pay would be basically the same.


No health insurance means a pay cut of about $1000 a month or $12,000 a year


SidewalkTiger
Southern Miss Fan
An undisclosed location
Member since Dec 2019
32485 posts

quote:

What exactly do you mean by “no benefits”?



There is PTO and paid holidays but no insurance or IRA/401k.

The owner says they're working toward offering those things but obviously not there yet.


tigereye58
LSU Fan
Member since Jan 2007
2454 posts

So I’ve done the reverse of what you’re talking about. Small company to Fortune 500.

My initial thoughts…just some questions to ask.

1.) which job offers long term pay increases? Smaller companies might but with this small of a company you probably won’t make more than the owner.
2.) Is smaller company an opportunity for future ownership either of that company or on your own? People that I’ve seen do this we’re more entrepreneurs at heart and this was the step to get there.
3.) You’re young…benefits may not seem like much but missing out on 401k match ops etc early in your life could set you back LOTS of opportunity for compounding interest. Second, once you have kids those health benefits are huge. Make sure they pay you accordingly. Factor in 401k match and cost of benefits to what they pay you. Tactfully negotiate it if you can.


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50
Ingeniero
LSU Fan
Baton Rouge
Member since Dec 2013
12578 posts

quote:

There is PTO and paid holidays but no insurance or IRA/401k.

The owner says they're working toward offering those things but obviously not there yet.


Nope. I'd stay where I am.


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130
fallguy_1978
LSU Fan
Half mile from St George
Member since Feb 2018
37690 posts

quote:

No health insurance means a pay cut of about $1000 a month or $12,000 a year

And a lot more if they have a kid. I think our insurance (including what my employer pays) is like 24k per year. That's health insurance only.


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61
onelochevy
LSU Fan
Slidell, LA
Member since Jan 2011
14928 posts

quote:

married but no kid


quote:

No, she doesn't work


lol


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