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I have the opportunity to increase the equity I hold in a SME that I'm a director of. This would also give me a 20% pay increase which would pay for that equity purchase in 2 years, as well as giving me additional dividend. Yay!
However, there is an "up-and-coming" person who is undermining me at every opportunity, which makes me quite unhappy, to the point where I've also written my letter of resignation.
I work in a relatively specialised field and being of a middle aged nature, do worry about the likelihood of being able to acquire further employment.
Anyone else been in this situation? Any "helpful" comments or suggestions welcomed, Bombers etc I have already thought of but I'm not really a violent person....
Over to you...
the payback period makes this a no-brainer
as to the up and coming person, if you are superior to them surely you can "let them go"?
Does the up and coming have a holding? If not then double your holding and explain that as you own 40% you make the rules? If they have a holding then what's you current holing worth and can you live off that?
Sounds tough.......seriously........no wonder the youngster is making a mug of you if you can't make an important life decision without asking members of the public! 🙄
I was given the advice "don't be afraid to surround yourself with good people". Presumably if you are a director you've got some influence and a couple of brain cells. Work out what Mr Threatening wants, then work with him so it makes both of you look good, do the equity thing.
Collect your money, and be happy.
Feel free to send a small commission my way.
you have 2 separate decisions - why are you combining the two ?
Q1 - is this a good investment? of course it bloody well is, get it done
Q2 - what do you do about mr Arsey? either get rid of him, find a way to use him to your advantage or or hold on for 12 months to keep buying the equity and then start looking for a new job and be someone else's staff, retaining your equity as a sleeping partner. Remember that mr Arsey may be more use to the continued growth/profitability being there that working for the opposition, this is a decision you need to make with your 'I'm a business owner not an operational head of' frame of mind
Sounds like a goer to me. As for the upstart, how skilled are you at planting porn in people's inboxes?
I'm pretty good at it but my prices are high.
*now* you have a conundrum.
+1 for what DT78 said.
Is there not another route to go down here.
If you're being offered more equity it shows how important you are to the business and, in theory, how good you are at what you do in this specialised field.
Is this not a chance to set up and go it 100% alone and build your own business with 100% ownership?
Suppose it depends on your ambitions and the barriers to entry in your field.
Unless you have clauses in your employment contract that stipulate that you have to sell the shares upon resignation as a director (been on the wrong end of one of these) then I'd go for the equity increase. Others have given good advice on the Newboy.
Acquire two "Hired Goons", Have them Asail "young upstart" until he gets it.