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Hello Aspiring Fastlaners,
I have a small dilemma. I have a cozy comfortable sales job at a tech/software company (one of the big ones), making decent money (6fig - it was really good last year, but it has slowed down a bit - half my comp is based on performance of accounts.) The company creates solutions for medicine research and is a player, but is getting beat up by competitors currently.
Some of the pros of my job: work remotely, security of larger company, have known the boss for a while who got me the job, amount of work is usually not too bad, have the ability to work on other things or take care of errands as needed. Infrequent travel. My current company is working on new tech that could improve things in the future and they are well funded.
Cons: Comp has gone down (noted before), I will probably be down $40-$60k from last year, some of the work is very unimpressive and given the company is huge there are a lot of politics and overlap leading to people fighting to do work, even if the work is menial. My boss is a poor manager -- severely disorganized, (gives multiple people the same project - then we find out we are all doing each other's jobs), forgets things (boss might have a form amnesia - no joke!) and is quite scattered/incompetent in the thinking process. Many persons are frustrated with the boss, even those in other groups. How this person has remained in the role, is beyond me (I have concluded their boss(es) may be equally incompetent or some special relationship is going on).
Anyway, a few weeks ago I received an email from a recruiter about a job with a small company (a startup actually with 30-40 employees) in a somewhat related space. The job will pay a base salary more than what I made in the last year (which was a good year) + plus a bonus + plus equity.
I would report to the CEO who is a serial entrepreneur. I see this as a possible great learning experience and the ability to work on more engaging work (I imagine the company is very lean) and wear more hats.
The startup seems promising but creates a technology that is a nice to have not a need to have like my current job.
My thoughts are that I would probably work my a$$ off though, and would have even less creative time to work on my own pursuits (to be honest, I am not making a lot of progress on my current entrepreneurial pursuits with the current job though, due to my own fault of procrastination. The startup job will require travel to offices regularly it seems, so a commute is probable (a big deal breaker me - I can't stand sitting in traffic!).
I sense staying with the current job is the smarter choice if I want to keep positioning myself for the FASTLANE, because of the lower stress and time flexibility. But I wonder about the experience with working on a entrepreneur who has built, managed and sold companies several times and sold them for 50-700 million a piece roughly.
My ultimate, top level goal is to have my own business and be out of the corporate world.
Thoughts?
I have a small dilemma. I have a cozy comfortable sales job at a tech/software company (one of the big ones), making decent money (6fig - it was really good last year, but it has slowed down a bit - half my comp is based on performance of accounts.) The company creates solutions for medicine research and is a player, but is getting beat up by competitors currently.
Some of the pros of my job: work remotely, security of larger company, have known the boss for a while who got me the job, amount of work is usually not too bad, have the ability to work on other things or take care of errands as needed. Infrequent travel. My current company is working on new tech that could improve things in the future and they are well funded.
Cons: Comp has gone down (noted before), I will probably be down $40-$60k from last year, some of the work is very unimpressive and given the company is huge there are a lot of politics and overlap leading to people fighting to do work, even if the work is menial. My boss is a poor manager -- severely disorganized, (gives multiple people the same project - then we find out we are all doing each other's jobs), forgets things (boss might have a form amnesia - no joke!) and is quite scattered/incompetent in the thinking process. Many persons are frustrated with the boss, even those in other groups. How this person has remained in the role, is beyond me (I have concluded their boss(es) may be equally incompetent or some special relationship is going on).
Anyway, a few weeks ago I received an email from a recruiter about a job with a small company (a startup actually with 30-40 employees) in a somewhat related space. The job will pay a base salary more than what I made in the last year (which was a good year) + plus a bonus + plus equity.
I would report to the CEO who is a serial entrepreneur. I see this as a possible great learning experience and the ability to work on more engaging work (I imagine the company is very lean) and wear more hats.
The startup seems promising but creates a technology that is a nice to have not a need to have like my current job.
My thoughts are that I would probably work my a$$ off though, and would have even less creative time to work on my own pursuits (to be honest, I am not making a lot of progress on my current entrepreneurial pursuits with the current job though, due to my own fault of procrastination. The startup job will require travel to offices regularly it seems, so a commute is probable (a big deal breaker me - I can't stand sitting in traffic!).
I sense staying with the current job is the smarter choice if I want to keep positioning myself for the FASTLANE, because of the lower stress and time flexibility. But I wonder about the experience with working on a entrepreneur who has built, managed and sold companies several times and sold them for 50-700 million a piece roughly.
My ultimate, top level goal is to have my own business and be out of the corporate world.
Thoughts?
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