Career advice

[Dukehorn]

I guess I’m confused. You’re at a start up that hasn’t given you options yet? In my mind that’s sort of strange, that should be part of the base compensation package at most of the start-ups that I’ve represented or interacted with.

As for options vesting, I do know of people that have done well (some at start-ups and some at publicly traded companies). My buddy at Cisco is house-hunting due to his options. My brother in law was looking at a $3 million dollar home due to his AMD options (which has withered from $40 down to $7)–so that got tabled. A co-worker asked me to review his option package from his old job. He got options at 23 cents and the stock is trading at $15. Not a huge number but a good $30k for his one year at the company.

I also was a tech-trans lawyer that represented a number of start-ups during the dot boom. So I saw plenty of clients hit it big (and plenty that didn’t).

If your company has products and growth, why not go into management? How is taking a pay-cut different than folks that give up 2 years of salary to go to MBA school? Just have to make calculations based on your circumstances.

[Raybyrnes]

The challenge with sales is that if you are capping your income out on overtimes as opposed to new clients you may face a paycut down the line.

While the pay disparity between what you are making now in sales vs what you might maek in management I might suggest this.

Work for another year in sales and work hard while the finace is in school. Before she gets out of school, if you like the challenges of management take the pay cut. During that year that your income is dopenw and your girlfriend is in school go ahead and get preapproved as a first time homebuyer. Your income will be low enough to qulify you for many state and federal programs. Could be tht your income goes down but your net at the end of the day is not that dieffernt if yopu play it right.

[Raybyrnes]

The challenge with sales is that if you are capping your income out on overtimes as opposed to new clients you may face a paycut down the line.

While the pay disparity between what you are making now in sales vs what you might maek in management I might suggest this.

Work for another year in sales and work hard while the finace is in school. Before she gets out of school, if you like the challenges of management take the pay cut. During that year that your income is dopenw and your girlfriend is in school go ahead and get preapproved as a first time homebuyer. Your income will be low enough to qulify you for many state and federal programs. Could be tht your income goes down but your net at the end of the day is not that dieffernt if yopu play it right.

[Raybyrnes]

The challenge with sales is that if you are capping your income out on overtimes as opposed to new clients you may face a paycut down the line.

While the pay disparity between what you are making now in sales vs what you might maek in management I might suggest this.

Work for another year in sales and work hard while the finace is in school. Before she gets out of school, if you like the challenges of management take the pay cut. During that year that your income is dopenw and your girlfriend is in school go ahead and get preapproved as a first time homebuyer. Your income will be low enough to qulify you for many state and federal programs. Could be tht your income goes down but your net at the end of the day is not that dieffernt if yopu play it right.

[Raybyrnes]

The challenge with sales is that if you are capping your income out on overtimes as opposed to new clients you may face a paycut down the line.

While the pay disparity between what you are making now in sales vs what you might maek in management I might suggest this.

Work for another year in sales and work hard while the finace is in school. Before she gets out of school, if you like the challenges of management take the pay cut. During that year that your income is dopenw and your girlfriend is in school go ahead and get preapproved as a first time homebuyer. Your income will be low enough to qulify you for many state and federal programs. Could be tht your income goes down but your net at the end of the day is not that dieffernt if yopu play it right.

[Raybyrnes]

The challenge with sales is that if you are capping your income out on overtimes as opposed to new clients you may face a paycut down the line.

While the pay disparity between what you are making now in sales vs what you might maek in management I might suggest this.

Work for another year in sales and work hard while the finace is in school. Before she gets out of school, if you like the challenges of management take the pay cut. During that year that your income is dopenw and your girlfriend is in school go ahead and get preapproved as a first time homebuyer. Your income will be low enough to qulify you for many state and federal programs. Could be tht your income goes down but your net at the end of the day is not that dieffernt if yopu play it right.

[Anonymous]

On the most basic level, it seems like you need to ask yourself if your career goals involve management or just sales. Secondly, if you decide to go the management route, determine whether now is the right time to make your move. Rarely is there ever a ‘perfect’ time to pull the trigger, so if an opportunity presents itself and you are comfortable with the risk, go for it. I am in a bit of a career crisis myself right now and considered posting my own situation just yesterday!

[Anonymous]

On the most basic level, it seems like you need to ask yourself if your career goals involve management or just sales. Secondly, if you decide to go the management route, determine whether now is the right time to make your move. Rarely is there ever a ‘perfect’ time to pull the trigger, so if an opportunity presents itself and you are comfortable with the risk, go for it. I am in a bit of a career crisis myself right now and considered posting my own situation just yesterday!

[Anonymous]

On the most basic level, it seems like you need to ask yourself if your career goals involve management or just sales. Secondly, if you decide to go the management route, determine whether now is the right time to make your move. Rarely is there ever a ‘perfect’ time to pull the trigger, so if an opportunity presents itself and you are comfortable with the risk, go for it. I am in a bit of a career crisis myself right now and considered posting my own situation just yesterday!

[Anonymous]

On the most basic level, it seems like you need to ask yourself if your career goals involve management or just sales. Secondly, if you decide to go the management route, determine whether now is the right time to make your move. Rarely is there ever a ‘perfect’ time to pull the trigger, so if an opportunity presents itself and you are comfortable with the risk, go for it. I am in a bit of a career crisis myself right now and considered posting my own situation just yesterday!

[Anonymous]

On the most basic level, it seems like you need to ask yourself if your career goals involve management or just sales. Secondly, if you decide to go the management route, determine whether now is the right time to make your move. Rarely is there ever a ‘perfect’ time to pull the trigger, so if an opportunity presents itself and you are comfortable with the risk, go for it. I am in a bit of a career crisis myself right now and considered posting my own situation just yesterday!

[kicksavedave]

Am I missing something here? You’re in a sales position, but only get salary plus OT, what about commission? Do the sales managers get commission? If not, then its not a sales position, its a customer service position, or marketing position, whatever. But sales jobs imply that there is a salary plus commission which makes up the total earnings target. Where I work, the sales manager’s salary is a fraction higher than the sales reps, but their commission scale is based on a larger territory, so their net income potential is greater… otherwise they’d never be able to hire any managers. Your company seems backwards. How much does the CEO make, minimum wage?

There is no such thing as a promotion, with a pay cut. A promotion implies a pay raise. I took less money for a new job once, and regretted it forever, it took more than a decade to get back what I gave up financially. If the total, guaranteed earnings potential for this management position is less than what you make now, run like hell. You’d be gambling on a future windfall instead of taking the sure thing. A better idea would be to save the money at your current position, and take it to Vegas and gamble it all there, at least then you can control the odds.

Or better yet, save the money at your current position, and KEEP it, invest it! Money in the hand is worth a whole lot more than the risky potential for a little more later.
Have you calculated how much money you’ll need to make in the IPO just to get back to even? What comes after that?

Just my humble $.02. Good luck with your decision.

[kicksavedave]

Am I missing something here? You’re in a sales position, but only get salary plus OT, what about commission? Do the sales managers get commission? If not, then its not a sales position, its a customer service position, or marketing position, whatever. But sales jobs imply that there is a salary plus commission which makes up the total earnings target. Where I work, the sales manager’s salary is a fraction higher than the sales reps, but their commission scale is based on a larger territory, so their net income potential is greater… otherwise they’d never be able to hire any managers. Your company seems backwards. How much does the CEO make, minimum wage?

There is no such thing as a promotion, with a pay cut. A promotion implies a pay raise. I took less money for a new job once, and regretted it forever, it took more than a decade to get back what I gave up financially. If the total, guaranteed earnings potential for this management position is less than what you make now, run like hell. You’d be gambling on a future windfall instead of taking the sure thing. A better idea would be to save the money at your current position, and take it to Vegas and gamble it all there, at least then you can control the odds.

Or better yet, save the money at your current position, and KEEP it, invest it! Money in the hand is worth a whole lot more than the risky potential for a little more later.
Have you calculated how much money you’ll need to make in the IPO just to get back to even? What comes after that?

Just my humble $.02. Good luck with your decision.

[kicksavedave]

Am I missing something here? You’re in a sales position, but only get salary plus OT, what about commission? Do the sales managers get commission? If not, then its not a sales position, its a customer service position, or marketing position, whatever. But sales jobs imply that there is a salary plus commission which makes up the total earnings target. Where I work, the sales manager’s salary is a fraction higher than the sales reps, but their commission scale is based on a larger territory, so their net income potential is greater… otherwise they’d never be able to hire any managers. Your company seems backwards. How much does the CEO make, minimum wage?

There is no such thing as a promotion, with a pay cut. A promotion implies a pay raise. I took less money for a new job once, and regretted it forever, it took more than a decade to get back what I gave up financially. If the total, guaranteed earnings potential for this management position is less than what you make now, run like hell. You’d be gambling on a future windfall instead of taking the sure thing. A better idea would be to save the money at your current position, and take it to Vegas and gamble it all there, at least then you can control the odds.

Or better yet, save the money at your current position, and KEEP it, invest it! Money in the hand is worth a whole lot more than the risky potential for a little more later.
Have you calculated how much money you’ll need to make in the IPO just to get back to even? What comes after that?

Just my humble $.02. Good luck with your decision.

[kicksavedave]

Am I missing something here? You’re in a sales position, but only get salary plus OT, what about commission? Do the sales managers get commission? If not, then its not a sales position, its a customer service position, or marketing position, whatever. But sales jobs imply that there is a salary plus commission which makes up the total earnings target. Where I work, the sales manager’s salary is a fraction higher than the sales reps, but their commission scale is based on a larger territory, so their net income potential is greater… otherwise they’d never be able to hire any managers. Your company seems backwards. How much does the CEO make, minimum wage?

There is no such thing as a promotion, with a pay cut. A promotion implies a pay raise. I took less money for a new job once, and regretted it forever, it took more than a decade to get back what I gave up financially. If the total, guaranteed earnings potential for this management position is less than what you make now, run like hell. You’d be gambling on a future windfall instead of taking the sure thing. A better idea would be to save the money at your current position, and take it to Vegas and gamble it all there, at least then you can control the odds.

Or better yet, save the money at your current position, and KEEP it, invest it! Money in the hand is worth a whole lot more than the risky potential for a little more later.
Have you calculated how much money you’ll need to make in the IPO just to get back to even? What comes after that?

Just my humble $.02. Good luck with your decision.

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