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Slowlane job question; which offer do I take?

douevenshift

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Hey everyone. Looking for advice on two job offers I have on my plate right now.

1. Option one is a basic 9-5 type job with an established insurance company. Offer is $110k with benefits, etc. In suburbs so low cost of living.

2. Option two is one of the fastest growing insurance startups in the country. Right now they have 5 employees but are hiring up to 20 asap. Base pay 40k plus uncapped commission and benefits. My thoughts are getting on the ground floor is higher risk but higher reward.

A little background i’m 25 with no college degree and aim to be out of the slowlane by 30.

Thanks in advice for the advice folks!
 

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MJ DeMarco

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2. Option two is one of the fastest growing insurance startups in the country. Right now they have 5 employees but are hiring up to 20 asap. Base pay 40k plus uncapped commission and benefits. My thoughts are getting on the ground floor is higher risk but higher reward.
Is there an ownership capacity in this offer?

If the company goes public, do you have options? Equity?
 
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douevenshift

douevenshift

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Also job one is 35-40 hours a week and job two they say 60-100.
 
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douevenshift

douevenshift

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Is there an ownership capacity in this offer?

If the company goes public, do you have options? Equity?
They didn’t mention it during hiring process but they did strongly imply that since I would be one of the first employees that moving high up (aka director, vp type shit) would be on the table soon depending on my hustle and performance.

I will ask tomorrow but I should have asked already.
 

jon.a

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Something is missing.
What did you exclude about your background that qualifies you for either position?

Hey everyone. Looking for advice on two job offers I have on my plate right now.

1. Option one is a basic 9-5 type job with an established insurance company. Offer is $110k with benefits, etc. In suburbs so low cost of living.

2. Option two is one of the fastest growing insurance startups in the country. Right now they have 5 employees but are hiring up to 20 asap. Base pay 40k plus uncapped commission and benefits. My thoughts are getting on the ground floor is higher risk but higher reward.

A little background i’m 25 with no college degree and aim to be out of the slowlane by 30.

Thanks in advice for the advice folks!
 
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douevenshift

douevenshift

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Something is missing.
What did you exclude about your background that qualifies you for either position?
Nothing. I’ve been in sales for 9 years so both jobs say “Bachelors strongly recommended” but someone with a strong insurance background can get in without. Maybe it helped that i have 3 years of college and am close to a degree. Couldn’t really tell you but I like to think I am good at marketing myself when I apply for these types of jobs. Also job one i’ve been with this company for 4 years so I already have my foot in the door.
 
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douevenshift

douevenshift

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Bruh take Job one. Higher pay more personal time (Hours) to work on fastlane endevours etc, Rather than busting your a$$ on the second job lower pay, longer hours with the promise of uncapped commisions.
This is where I am leaning due to precisely what you mention. However playing devils advocate, now is the time in my life to take higher risk opportunities.

Thanks everyone for the advice thus far. I’m not a snowflake (see that here way too much) so I am 100% ok with constructive criticism/being ripped into.
 

Supercar

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Without stock options and ownership you will be the fastest Camry in the slowlane, if Job 2 works out well.

If it does not work out as promised, then it could get you burned out and broke.

Without ownership, take Job 1 and build your own business in your spare time.
 
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InspireHD

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This smells of slowlane comfort and middle-class trap. Take the one that doesn't sap all of your energy and gives you time to work on a business outside of work. When you're working long hours toward a promise of future reward, you're always making decisions based on increasing your worth to them. That doesn't sound like it's what you want to be doing 5 years from now.

For example, you tell yourself how much you hate your job, but you tolerate it. Then, you do something that someone tells you "good job!" and you feel a little better about it. Then, you start thinking about new job assignments and maybe a promotion down the line so you start positioning yourself in a way that makes you more qualified. Before you know it, you've built up experience and a reputation and now you feel like you owe yourself to the company because you gave so much time to them.

Do the thing that allows you to save as much money as possible and work on your business outside of work. Don't increase your life around your income. It will be harder and harder to get out.
 

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Grenade7

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Also, the Insurance industry is the ultimate MLM. Stay away, unless you are at the top.
Well even if it is multi-level marketing, $110K base at 25 years old to work 35-40 hours isn't bad to keep the lights on while you work on your fast lane path. However, I always thought a large chunk of insurance sales pay was tied to commissions.
 

Real Deal Denver

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Bruh take Job one. Higher pay more personal time (Hours) to work on fastlane endevours etc, Rather than busting your a$$ on the second job lower pay, longer hours with the promise of uncapped commisions.
A sure thing is always a sure thing. The money is more than double. No further questions necessary.

I have w a s t e d years of my life building infrastructure for other people's dreams/companies which was tied to a vague promise that it would all be worth it in the end. Guess what. They lied. L I E D. Unless you phrase it that it WAS totally worth it in the end - for THEM.

They will hook a pump up to your brain and suck as much out of you as they can, for as long as you believe their lies. I'm talking years, if you let them. Knowledge - skills - hours - your life.

And then, when they can't do it any more, some "too bad it didn't work out" story will come out of nowhere and the bubble is popped.

You're lucky I'm not able to put you in a head lock and hit you in the face a few times. THAT'S how much I want to make the point for you to take the big package. Do NOT make the mistakes that I made - and I am sorry to say that I made them multiple times. I used to be so nice and so trusting... some would call it stupid perhaps - and I wouldn't argue with that!
 

FullTimePreneur

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I think I question that needs to be asked is how much funding does company #2 have? The insurance industry has HUGE barriers to entry. Depending on how much funding they currently have or the future outlook of funding should be a big concern. Also what type of insurance is it? Life, Health, P&C?

Note: I'm currently living your option #1 scenario and am very happy with my choice. It provides a great salary to pursue business and a lot of time to work on it as well.
 
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douevenshift

douevenshift

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Wow I love the knowledge in this community. So many questions I didn’t even consider for such a big decision.

After digesting what everyone said I’m going to go with option one. If i’m gonna bust my a$$ for 80 hours a week it will be for myself and not for someone else.

Working 35-40 will allow me to invest way more time into my own endeavors, not to mention the commute is 10 mins versus 1 hour.

Glad I asked because the guys in option two sold the shit out of the opportunity and I bought into the pitch.

Thanks again everyone. @Real Deal Denver you are welcome to take a few free shots at me next year at the summit for even entertaining this choice.
 

Real Deal Denver

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Unless you have a guaranteed equity in the start-up, don't take the job 2.

Also, do you personally think the Job 2 company will succeed ?

What is the company doing better than others ?
Great questions! Those were my thoughts exactly.

When you ain't got it, you sell the only thing you do have - hot air!

Don't let them push your buttons and play you like a piano! Don't screw the obvious choice up!

funny-gif-dominoes.gif
 

atif089

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Hey everyone. Looking for advice on two job offers I have on my plate right now.

1. Option one is a basic 9-5 type job with an established insurance company. Offer is $110k with benefits, etc. In suburbs so low cost of living.

2. Option two is one of the fastest growing insurance startups in the country. Right now they have 5 employees but are hiring up to 20 asap. Base pay 40k plus uncapped commission and benefits. My thoughts are getting on the ground floor is higher risk but higher reward.

A little background i’m 25 with no college degree and aim to be out of the slowlane by 30.

Thanks in advice for the advice folks!
Go with job 1 and start your own company

Sent from my ONEPLUS A3003 using Tapatalk
 

MJ DeMarco

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Wow I love the knowledge in this community. So many questions I didn’t even consider for such a big decision.

After digesting what everyone said I’m going to go with option one. If i’m gonna bust my a$$ for 80 hours a week it will be for myself and not for someone else.

Working 35-40 will allow me to invest way more time into my own endeavors, not to mention the commute is 10 mins versus 1 hour.

Glad I asked because the guys in option two sold the sh*t out of the opportunity and I bought into the pitch.

Thanks again everyone.
You're welcome.

While we usually steer away from "what do I do" life questions, if your ultimate goal is your own business, the better job is clearly the one with MORE TIME and MORE MONEY.

The empty promises of the other offer is simply too great a risk. That only becomes a consideration IF you go into it with a % of the company -- THEN, you are a business owner.
 

Roli

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They didn’t mention it during hiring process but they did strongly imply . . . .
Anytime anybody in sales strongly implies anything; they are lying, get it in writing, or get screwed.

Glad you took the first job, use the extra time to go fastlane, don't get too comfortable, live as if you are earning 30k.

Good luck!
 

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HackVenture

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Glad to see you've made your decision, I would have suggested the same.

1. Go with job 1
2. Start a progress thread
 

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