My family runs an SME which is currently grossing approx 900k quid a year with 250k net profit...a lot as tax write-offs. Poblem is, this has been the situation for about 3 years. I am the son of one of the directors, of which there are 7 and each are 30 plus year professionals in their respective field. However, due to certain circumstances, expansion of the business ...obtaining new properties to run their enterprise... has stalled. Everyone seems content to be working their jobs despite being directors. Ive watched this with a bit of annoyance, as their company is doing very well and is poised to grow, but their reluctance to set a direction and goals has resulted in a status quo. While I dont have their expertise, I know enough about each part of the business that I can assess where the bottlenecks are and the potential for expansion. What I intent to propose today to my father, in a bid to get an audience with the directors at large, is a strategist position in the company. Not as a director, but as a low paid consultant. My job would be to basically kick them up the ass and address the issue of not investing their profits into a directed path of expansion. Turn the 1 house into 2 within the next few months, and 2 into 4 within 6 months. It seems to me they have the money and the experience, but not the directional drive to turn a family business into an expanding company. The downside is Im technically a NEET, but I'm an extremely well researched NEET, and have been consulted on decisions in the business before. I'm talented with analytical and economic skills, while lacking the practicality of going out and putting those skils to use. I currently live with my father and thus I will propose a wage of 500 pound per mo to work full time with the sole goal of developing a plan for the company and spearheading expansion. My incentive is when the company expands and I have proven my role, I will take a tiny percentage of profits, as a result of my input.
Poblem is, this has been the situation for about 3 years. I am the son of one of the directors, of which there are 7 and each are 30+ year professionals in their respective field. However, due to certain circumstances, expansion of the business (obtaining new properties to run their enterprise) has stalled. Everyone seems content to be working their "jobs" despite being directors. I've watched this with a bit of annoyance, as their company is doing very well and is poised to grow, but their reluctance to set a direction and goals has resulted in a status quo. While I don't have their expertise, I know enough about each part of the business that I can assess where the bottlenecks are and the potential for expansion.
What I intent to propose today to my father, in a bid to get an audience with the directors at large, is a "strategist" position in the company. Not as a director, but as a "low paid" consultant.
My job would be to basically kick them up the ass and address the issue of not investing their profits into a directed path of expansion. Turn the 1 house into 2 within the next few months, and 2 into 4 within 6 months.
It seems to me they have the money and the experience, but not the directional drive to turn a family business into an expanding company.
The downside is I'm technically a NEET, but I'm an extremely well researched NEET, and have been consulted on decisions in the business before. I'm talented with analytical and economic skills, while lacking the practicality of going out and putting those skils to use.
I currently live with my father and thus I will propose a wage of £500/mo to work full time with the sole goal of developing a plan for the company and spearheading expansion. My incentive is when the company expands and I have proven my role, I will take a tiny percentage of profits, as a result of my input.
>>717680814 Not really I had to Google wtf a "NEET" was, as I've never heard that shit before in my life, but I'm gonna take a wild guess here and say that you're some exec's kid and you think you know what's best for a company because you saw it on some TV show, movie or read it on the internet. Go to college and get a real degree, you cunt.
I'm 20 and I own a business with my dad which specializes in industrial electronics so I understand the logistics behind running/advising a business.
Go for it OP, what people usually want is others to show them the way to success. Make sure you build a solid plan for just that and allow them to be enticed. Make sure you account for all expenditures and potential risks, and make sure they do not outway the potential reward.
What many older companies need is a refreshment in youth and progressive thinking.
Good luck my friend, and remember, the goal is happiness through success.
>>717681622 You're getting OP wrong He's not like you, he just wants to get paid and get respect and tell people what to do just because he's a special little snowflake I hope I can raise my kids better than that, I'm so sorry for OPs father
>>717681622 Oh and I should also add, leverage your position for the future so that you are contractually in agreement with the company. You don't want to end up doing work which you are not fairly paid for.
I'm responding as a 50 years old that has just bought their sixth business
On the surface, what you say would be correct. However, and this is a BIG however, ALL expansion carries a large amount of risk (which comes in multiple forms). Have you factored the risk into your plans sufficiently? It may be that the Directors are aware of things you are not...
That's basically what I'm going to do. They all "play director" while working jobs in the company. Since they only operate 1 house, it's not prudent to hire people for thiose positions, so they work them themselves.
I feel like they've got accustomed to a healthy paycheck where they are "their own boss" and own a state in the company, instead of actually building a business and risking capital to expand.
Their business model and expertise is solid, but I think they've lost sight of the expansion part. I'm basically going to come across and fill the "dedicated expansion planner" role and set goals and deadlines for achieving expansion or allocating a set of funds to expansion.
It also prevents a few of them from doing the expansion side "in their free time" which is what currently happens and why nothing's getting done.
>>717681862 My advice is for everyone, not just him. If he wants something and sees potential in it, he should go for it. The company will see his real potential anyways. It's not a wise business decision to hire an idiot and successful companies tend not to do so anyways.
>>717681837 >So you'd rather waste time trying to grow a business and accomplishing nothing. wat
Did you even read the post? The business has a 23% profit margin and over 200 years worth of expertise between the directors. They lack the time and foresight to allocate money to getting new properties set up. I'll fill that role.
Each new property adds 20k/ month to the company revenue, and from what I can tell they have over 500k stashed somewhere in unused funds.
I will literally be growing a family business, giving myself something better to do than NEET in my room, and get dozens of people employed by pushing the company to expand.
>>717681879 As it's a family business, I get a trickleback of information as to expenses, income, hiring, policies and market model.
At the moment they are having solicitor issues with getting their new property owner to accept their business (the business requires properties to operate and rentees don't like the kind of business that is operated)
Their risk is the money of renting, initial setup (about 70k) and hiring. They plan to do it all anyway and the procurement of new properties and setting them up is very standard policy they are all very experienced with. Their business model is very profitable, the current bottleneck is they arent proactively securing properties.
That will be my job, to make sure that the funds are secured and outline a plan for 2k17 and 2k18 to secure a number of properties. They have been operating for 3 years and have still only got their first property. In their original plan they should have a new property set up every 6 months.
I will re-vitalize that plan and work with the directors to make sure it's adhered to.
>>717682405 >You could always ask for a royalty based payment that is dependant on the extra revenue you bring in. Almost like a commission.
This is what I plan on doing, I mentioned it a bit earlier. Their profit is currently 250k/year, each extra house will bring in 100-350k/year depending on size and clientel.
I'm going to work £500/mo initially as a "well I don't ask for much and I will put in more work value than I'm being paid for" until I show results, at which point (hopefully) I will have agreed a portion of profits on each new property I help secure.
Considering the average profit per house is £15k/mo, even a 2% fee will bump my wage up £300 per month. At this point I'd negotiate a higher basic wage as well, because my £500/mo is basically a "NEETwage"
>>717683606 I've already spoke to one of them who shares my concerns about the stagnation of the company. My father will be my next discussion and I want to proposition him to let me speak to the board at large (my family).
They are generally aware of their stagnation in terms of expansion as far as I can tell, but they are individually too busy to dedicate time to it, and most are seemingly happy just taking in a large wage with a "business job."
What I'm offering is to be that person who is focused on growing the business so we can get more properties, doubling and tripling revenue, resulting in them being able to stop being "employees" and actually be directors with a sufficient cash flow to employ people for the positions they currently temporarily fill.
For example. One of them currently does HR. Ideally she wants to be the one looking for new properties, but the income of a single property doesn't allow for them to employ a specific person for that job, so she does it as a director.
They take a directors wage of £800/mo, tax deductable, and then the ones that "work" in the company take a £2k/mo wage on top of that.
I would be offering to work for £500/mo to basically fill that position of company expansion
>>717683963 I bring an objectively business-focused attitude as an impartial observer of their current state of affairs.
They all want to expand the business, but they've gotten complacent with "working jobs" in the company, despite being directors. Originally they were going to have their second house by the end of the first year. After 3 houses they can basically employ every component of the company they need, and they themselves can become "traditional" directors, focused on expansion, company direction, and playing golf.
Right now they are stuck working. They take in a really good wage since they have a director salary on top of their salary, but they don't have time to make a concerted effort to step back, organize the resources, and invest in expanding the business and attaining more property.
My leverage is that I fill that role, and expand the business, while they continue working, and in 6 months, they see their company's income double because I've set up a new house.
Re-read your original post- the end of the first sentence.
>...a lot as a tax write off.
The busiess is a tax write off. These experienced pros make their money elsewhere/have already made ample, and now use the co. as a vehicle to write down their tax liabilities. they have no desire to risk there pots of gold, especially not to give daddys little snowflake some relevance on this planet (especially not if he cant find his own...).
TLDR: you are out of your depth and clearly a moron.
>>717684440 Tax write off is to reduce declared profits at the end of the year.
They are currently declaring 250k a year that is taxable. It would be my job to make sure that's invested in setting up more properties which brings them even more profit. I know and have seen their business plan and know all the inner workings. Right now they are just working wages
All of the directors take a £800/mo directors wage and the ones who also work take an extra £2k wage on top. They all own shares that are worrth several hundred thousand each. Their business is hugely profitable and that 250k is raw profits from 900k.
>>717684709 >But your levrege isnt unique. True. But I'm offering to fill the role at £500 a month as a family insider, meaning the family has complete admin control. An outsider would probabl;y charge 2k+ a month easily to do the same role, and they won't have known the family's business ethics for 20+ years.
> dad - who is also a director - will have, in effect, got you the job. I will propose this position to my dad, which he may decline. My goal is to go before all 7 board members, who each have a vote.
>If your so good, why dont you start up your own company? No money, no work experience, no degree
>>717684060 To be fair to him I dont know what it is either, never bothered to look it up. But I'd guess it's the same as "nerd" right? Cause ive seen japanese shit being posted at the same time and noone but pedos and victims of bullying like japanese bullshit
>>717685252 They won't be trusting it to me. As I've already said, I won't control anything. I will be there to set up an official strategy (designed by the directors) and work to ensure it's consistently followed. I will also know all of the details of the company by keeping close contact with all directors, so I can provide a clear overview of the company and its direction.
As I've already said. There is already a clear business plan, but they have got complacent and don't have any way to currently follow it or adhere to it.
Their "punishment" is lost revenue through uninvested profits being taxed, and failure to generate more income through more properties.
They are like a loosely organized voting bloc on company decisions. Right now they are severely disorganized. I will be there to keep them in contact witho eachother and ensure that the company goals are actively worked towards.
For example, they don't have monthly meetings. That's the first thing i will impose.
First of all 900k in revenue and 250k in profit isn't respectable especially if a lot of it is write offs. Secondly, you lack any tangible qualifications (i.e a degree) and don't have any practical experience. Thirdly, the notion that anyone would give a fuck about what you say is completely assinine and judging by this post you lack the necessary critical thinking skills to hold any semi respectable position. You seem like a fucking deluded moron who is reliant upon his dad to get his career started.
>>717686266 property setup is approx 70k, but placements are usually immediate as they are previously negotiated before the property is set up. There's about 4 months of rent to pay and admin before the property is operable. You are looking at 100k setup and 5-6 months to recoup that.
>>717686255 T H I S Op, you're delusional and you should probably accept that fact even though it will be hard for you. In the world of business you are currently a fucking joke, nobody in their right mind would trust you with any position or amount of money. A retard that gets a bba from a community college has a vastly superior understanding of business than you do. Please accept the hard reality and stop trying to rely on your father to get you a shitty job because you were too autistic to go to university.
You have no chance. Why would they listen to some NEET with zero skills, degrees or any prior experience?
Just because you're the son of a director, do you REALLY think they'll just go "Oh ok, sure we'll give you control of our money"
And you know, sometimes people are happy with what they got. Maybe they don't want to expand? Maybe they are comfortable with their salary and don;t want to risk fucking that up.
You can try and sound business savvy all you want, but truth is you have no fucking clue what you're doing, and there is no way you will be able to convince them to just let you try and invest without an actual PLAN.
"you guys aren't investing, I will do it for you" is not a fucking plan
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