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Offered a job to build new company from scratch with salary and equity in company - do I give up on building a businesses on my own?

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PJEntrePOOneur

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This is a tough decision and I’m honestly not sure what to do.

My longtime and then most successful business (we were doing $35k to $40k a month at the height) failed in 2019.

It almost bankrupted me at 23.

I just turned 25.

It has been 20 months since I closed that business. In those 20 months I’ve been living hand to mouth and running on empty trying to dig myself out of debt and get something started again.

It just hasn’t happened. I’m burned out and mentally running on empty. As it is I’m living on little tiny bits of income here and there and am still living with my parents.
Late last month I was approached by a friend who had been following me on Facebook. She had a job offer for me.

She has worked in the financial publishing world for almost ten years and has a couple different companies that she’s running with a partner that are all very high profile in the industry.


She just struck a deal with a private equity firm to take control of a large, actively managed niche email list from one of the companies the PE firm acquired.
She wants me to come in and build and run a publishing company around that list.

If you’re familiar with Agora Financial then this company would be mimicking their structure and setup (bringing in experts and building brands around them and then launching offers to the list).
I basically wrote my own job description which she loved.

I’m going to be taking the job. I’ll be getting a salary ($75k) plus equity in the company that I will be building.

Here’s where I’m stuck. Do I go all in on this and give up on building a business myself on the side? Can building a business this way even be a Fastlane strategy?
 

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Last edited:

monfii

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If you are taking equity, yeah, it can be fastlane.

You are saying yourself you are burnt out and this opportunity seems to come at the right time.

Furthermore you are not committing for life. If you dont like it, you can always quit AND keep your stake in the company while going back to entrepreneurship.

Honestly building such a company at 25 is amazing. Looks like a great opportunity.

Try it. It is not like you were giving up anything huge in your life at the moment, right? What's the worst that could happen?
 

Kid

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Simply take it.

You don't have an idea for your own company
and you don't know when it will come.

Get this job while it's available.
Live lean and save some cash aside.
Hustle a bit to see if you can make
some low cost side business.
Wait for idea while building your war chest.

Good luck.
 

Speed112

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If you're burnt out on the solo path or chugging along feels daunting...

Associating with others can definitely be a way of getting over that and keep going up. And as @monfii said you can always go back to solo, either by keeping your equity or being bought out (to fund your new solo venture).

There are some really good upsides, like a built-in accountability system and access to networks and expertise through simply having other stakeholders.

You seem to be in a tricky spot, and this brings stability and scalability to get yourself back on your feet and aiming for more. Do you have anything better you could do with your time?

Is X% of this business with the help and funding of your partners worth less than 100% of whatever you're not able to get going now?

I say go for it. And if you need any help with the copywriting or offer-building for the list feel free to reach out. I've come up with a few big ideas in the financial niche ;)

P.S.: Go as hard as you can afford to get things rolling, then start delegating more and more of your tasks and maintain a strategic role if you can. Then you can divest yourself from this business and start something else up, or whatever else you want. You don't have to give up side-hustles, but you know what they say... Don't half-a$$ 2 things. Full-a$$ one thing.
 

Raoul Duke

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Any reason why you have two accounts?

 

ZCP

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an opportunity to make connections, do it once, get some money for the war chest, build the experience card, and maybe get a little upside w/ little to no risk ....... take the damn thing.

this opportunity presented itself for a reason. listen.
 

Knugs

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Whats the deal? Hows equity vested, what objectives, bonuses etc.

Whats the potential of the company? What can the equity get you?
 

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