Okay so I've been kind of head hunted by a family friend who knows that prechildren I was a business consultant. He wants us to start a new company together related to a business he already has which turns over £1-2 million a year. My skill set is business strategy, sales and marketing and he is not the best at that (current business doesn't even have a website!!! I know but it's related to construction)
He has offered me a small % of the business and I will be the marketing director but also responsible for most of the operations. He plans to turn it into a large country wide business. Before I do much more work to launch this we need to agree salary and he wants me to suggest a figure as well as my long term aspirations. He knows that I am currently working as a teacher on chuff all money and doesn't want to insult me by offering a low figure.
I have suggested tying in my salary increases to the performance of the company and reviewing it every 6 months to start with or having a lower salary fixed for a year or 2 and being paid a monthly % of our revenue. Now it's time to talk cash. Does anyone have any idea? All responses gratefully received. As a ball part figure he us expecting a profit of £20k a week by the end of year 1.
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Help - anyone in marketing or run a business - what salary shall I ask for?
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Fragglewump · 26/06/2015 10:59
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