Saying no to becoming partner?

[DanishViking]

Hi

Just finished the TMF book, after have been following the forum on and off for years. Have always skipped the book because of the title triggered my inner scam alarms. But now very glad that i finally did read the book. Fantastic book, why haven't more people recommended that book...

It was good timing, because i’m at a crossroad right now. In 2 months i can become partner in a small consulting firm.

I get a good salary of about 90.000$ yearly + 20.000$ in bonus if i become partner. However I will break the commandment of both Time, Scale and Control.

Time
I would still be forced to work full time, and things wouldn’t be done if i don’t show up everyday.

Scale
The firm could be growing, but It’s a HR system and requires intensive focus and care all the time. And when hours are the only product on the shelf, it’s hard to scale fast.

Control
I wouldn’t own a controlling part of the company, so in the end I don’t have any control if the boss decide to go in another direction.

Would it be totally stupid to quit and pursue my own idea for a saas, that are related to my industry and my current customers?

Update:
Using the word Idea, was a bit vague. I have covered that there is a need, and have earlier been ask if this services could be provided. Know who is the decision maker in the ideel customers organisations. Have a layout for the MVP.

 

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[alexkuzmov]

Hi

Just finished the TMF book, after have been following the forum on and off for years. Have always skipped the book because of the title triggered my inner scam alarms. But now very glad that i finally did read the book. Fantastic book, why haven't more people recommended that book...

It was good timing, because i’m at a crossroad right now. In 2 months i can become partner in a small consulting firm.

I get a good salary of about 90.000$ yearly + 20.000$ in bonus if i become partner. However I will break the commandment of both Time, Scale and Control.

Time
I would still be forced to work full time, and things wouldn’t be done if i don’t show up everyday.

Scale
The firm could be growing, but It’s a HR system and requires intensive focus and care all the time. And when hours are the only product on the shelf, it’s hard to scale fast.

Control
I wouldn’t own a controlling part of the company, so in the end I don’t have any control if the boss decide to go in another direction.

Would it be totally stupid to quit and pursue my own idea for a saas, that are related to my industry and my current customers?

Depends on what you want from life.
Imagine doing what you are doing now until retiring. Is it a pleasent thought?
If you quit, what do you have to fall back on? Property? Savings? Investments?
Can you worrk on your own business while still employed?

 

[DanishViking]

Want to live the Fastlane.

And when i work 50 hours a week and delivers solutions that a worth millions, I make my own brand stronger and my own pockets bigger. Not only a few % to my self once a year, and give the majority to somebody else.

Depends on what you want from life.
Imagine doing what you are doing now until retiring. Is it a pleasent thought?

No, I will get way to bored.

If you quit, what do you have to fall back on? Property? Savings? Investments?
Can you worrk on your own business while still employed?

Got savings for about a year's runway, so short term no worries.

Can you worrk on your own business while still employed?

No, wound't be accepted by my employer.

 

[alexkuzmov]

No, wound't be accepted by my employer.

Why not?
Company policy?

 

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[Johnny boy]

Do both and not tell anyone.

And you say you don't want to work to make someone else richer while you only keep a portion of what you create. Bad news, that's how the economy works. You have to produce things for other people to get paid anything, and even then you're not guaranteed a profit. I don't care if I only keep 5% of what I create for the world, because I'll just make that number very large.

 

[biophase]

It was good timing, because i’m at a crossroad right now. In 2 months i can become partner in a small consulting firm.

I get a good salary of about 90.000$ yearly + 20.000$ in bonus if i become partner. However I will break the commandment of both Time, Scale and Control.

What is your salary now? Are you working for the same company right now? What happens if you don't accept the partner offer?

 

[Odysseus M Jones]

Would it be totally stupid to quit and pursue my own idea for a saas, that are related to my industry and my current customers?

Of course not, $90k + bonus pales in comparison to an idea.
You can buy groceries & pay rent with ideas in your country can't you?

 

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