I moved to my 'ideal' job 9 miles from home, great pay and the role I had always coveted about 7 months ago.
I am very happy there, it is at a fairly senior level (reporting to Managing Director) so has it's stressful days but I do love what I do.
I also have a passionate interest in a completely unrelated area and they are aware of this and that this is my hobby.
As part of my hobby I have come up with a concept/ invention that links back to this subject. Having worked on it in the evenings I speculatively sent a proposal over to the market leader in that industry (expecting to be told to b*^^ger off) and to my surprise they are extremely interested and I have a call with the CEO tomorrow on my day off.
The company interested know I am happily employed and know what my role is. I have a feeling they're going to ask me tomorrow what I want from this- the answer is I genuinely don't know, I just had a good idea!
For context, I earn a good living but have a lot of debt from doing up our house so would be delighted at the opportunity for any increase in income. Do I sell them the idea and walk away, try and do 3 days in current role/ 2 consulting on this project if my work will agree a compromise?
Again for context if this concept acquired just 1% market share its annual revenue generated would be in excess of £3 million.
I am worried about this call tomorrow because although it's the opportunity of a life time I didn't expect to be in this situation, please help!
Also I don't know whether I need to take legal advice on protecting/ selling my idea.
That's a good suggestion! I didn't know whether in an ideal world I'd be able to 'sell' them the idea then retaining a percentage share of the creation. I'm completely new to this and just had an idea in bed one morning in my pyjamas! 😂
You will almost certainly need legal advice. You may do well to post in business forums as they will have a greater understanding of the issues involved but with the money you’re discussing, you really need to be clear what your expectations are from the outset.
You also need to see what your current employment contract says about Intellectual property and second jobs/ moonlighting. Hopefully it will only cover IP arising out of your work but be very careful your job does not have any interest in your idea.