Director help required - I'm lost!
Discussion
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Hi,
I'm sure the PH fountain of knowledge can help me.
I've just been offered a new job as Managing Director of a printing firm. All my life i have worked for blue chip companies that offer job security, loads of benefits and therefore financial stability.
The owner is willing to offer a decent salary but what I need to know what to push back with in terms of shares in his company and how to do it! I realise that shares are worthless if the net value of the business is zero however I don't belive this to be the case. The guy has grown the business as far as he can and is now looking to expand but needs my experience to help him. I'm very conscious that if the company grows to projection then I want a share of it. On the other side he may not be willing to lose control of what he has. A mate has told me that there are a variety of different share options available -i.e. not controlling shares .....
Ultimately if it doesn't work out I want the security of a pay off and a share of the success.
As you can probably tell I'm in new teritory and lost.
What should I do?
Cheers.
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