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My family runs an SME which is currently grossing approx 900k

The stories and information posted here are artistic works of fiction and falsehood.
Only a fool would take anything posted here as fact.

Thread replies: 87
Thread images: 9

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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.

Thoughts?
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>>717680478
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>>717680478
Stop being a NEET
>>
tldr

>use this
>>
>>717680610
That's what I'm trying to do.
Did you read my OP?
>>
>>717680478
Speak American you piece of shit.
>>
>>717680708

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.

easier for you to read?
>>
Nice one, OP
It seems youre getting the deal done, theyre gonna eat that bait and youll be getting teh moneys without studying or any dedication or compromise. College is for fools, amirite?
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>>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.
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>>717680478
Just tell him you have autism and offer your opinion
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>>717680695
You spend a lot of time researching as a NEET. Clearly it isn't getting you anywhere if you've come to 4chan to get opinions.

When I say stop being a NEET, I mean you should go to school or flip burgers. Set yourself up for success or at least get a flow of money into your pocket on a bi-weekly basis
>>
Just tell your dad that if he doesnt give you more allowance to keep buying more anime body pillows you're gonna marry a nigger. Money will start flow your way, homeboy
>>
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.
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>>717681265
>flip burgers
>or actually help my family's company to grow

hmmm. Yeah, nah. I'll grow the business instead of wasting my time flipping burgers.
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>>717681669
So you'd rather waste time trying to grow a business and accomplishing nothing. Best of luck to you friend.
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>>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.
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>>717680478

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...
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>>717681622
Thanks for the post.

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.
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>>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.
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>>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.
>>
>>717682059
>>717681837
I think this anon is triggered that people are doing business related work rather than hard labor. This is what socialism has become.
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>>717681873
I'm going to propose to work for £500 a month initially (as I need at my dad's house and I don't bring any experience/investment to the company)

And as my own "investment" if I'm successful in growing the business and providing value, I'll take a small percentage of the produced profits or a significant pay rise per extra property.
>>
>>717682185
You could always ask for a royalty based payment that is dependant on the extra revenue you bring in. Almost like a commission.
>>
>>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.
>>
So much bullshit, OP
Go to school
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>>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"
>>
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BEAT
UP
MARY
POPPINS
>>
>>717682600
Not OP here. And what do you do for a living?
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>of which there are 7 and each are 30+ year professionals...

Good luck to make them move out from their comfort zone. Especially if the business is OK ATM. They will bind together to make you stfu
>>
Brothels?
>>
>>717680478
What leverage do you have?

How will you make the other directors listen to you, and more importantly, invest their hard earned money into expansion?
>>
>>717681031

>I had to Google wtf a "NEET" was

This site is not for you.
>>
>>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
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>>717680478
>>717681896

here's a tip - learn to say all that without using terms from management theory.

nobody gives a shit if you're smart - you represent instability
>>
is 250k net profit supposed to be good? My mummy makes more than that as her yearly salary without a bonus XD
>>
>>717680478
>>717680478
What can you offer that someone else cant (apart from the fact that daddy is a director)?

What skills do you have? What experience? If the answer is none, then why do you deserve to boss these experienced people around and tell them how to spend their money?
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>>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.
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>>717680478
OP, they dont want to expand.

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.
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I wonder how much money a director of a company that only grosses 900k a year makes...
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>>717684246
Retard that's net profit after salaries and wages. not OP btw
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>>717684272
> then why do you deserve to boss these experienced people around and tell them how to spend their money?

That's not going to be my role. I would be under the directors as an employee. I would be there to ensure targets are met and ask questions when they aren't.

They already know how they want to spend their money, they are just too busy to organize it themselves.
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>>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
>>
>>717684451
900k amongst 7 board members and a few lower tier employees is probably enough.
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>>717684379
But your levrege isnt unique. Someine else with more experience could come in and do that role beter thn you.

Most importantly, such role would require independence, something you dont have as you dad - who is also a director - will have, in effect, got you the job.

If your so good, why dont you start up your own company?
>>
OP reading all of this just makes you seem severely retarded, go flip burgers and get an idea of what your working life will be like when your fathers shit company eventually fails
>>
>>717684565
Who would set those targets?

And what would be the consequences if they were not met?
>>
post this on /biz/, I'm sure you'll get a response within a few days
>>
>>717684671
So the 250k is profit?

Or declared turnover?
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>>717684678
>>717684451

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.
>>
>>717684544
And? That's still complete shit. Maybe not for some shitty family run business though
>>
>>717681622
>outway

idiot
>>
>>717684882
So what happens to those profits at present?
>>
>>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
>>
>>717684877
900k turnover, 250k profit. Not sure about after taxes because I'm not directly involved in the accounting, but I know they take in at least 20k after tax per month on average.
>>
The fact you are even putting this on b just shows how autistic you are. What are you trying to do, brag? Nobody here is actually going to give you any meaningful advice.
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>>717685024
Not sure. But the only thing they could be doing is training, or purchasing property. They aren't doing either, so i assume they're just stacking up somewhere, which is a big problem.

Some of it goes to paying setup loans though which total about 90k.
>>
>>717685134
I've already got some useful advice.
I want people to poke holes in my proposition before I present it to the directors.
>>
>>717685052
>No money, no work experience, no degree.

And you expect these ppl to trust their livelihoods - the money that pays for their houses, their kids food, thier clothes, and futures - to you?

Are you smoking crack ?
>>
>>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
>>
I'm sure everyone will take you seriously when you haven't done anything in schooling since graduating from high school.
>>
>>717685180

You dont know the business at all if you don't know where the profits are going.

For gods sakes, you can find out about share dividends from companies house.

You are out of your depth mate.
>>
>>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.
>>
>>717685102
Are those profits paid as a share dividend? And if so, are they franked?

These are the kind of answers to will need to understand the business and be able to drive it forward.
>>
>>717685372
I talked to one of the directors, even she didn't know what was happening to the profits, because 1 director manages that.

The only place the profits could go is in training or property, and neither is being done, therefore they can only be accruing.
>>
>>717685439
That's company proft, 20k/mo after taxes. That's for one property. Each property would generate about 10-20k after taxes.
>>
>>717684758
This is a good question. Do you think you can answer it OP? It will be the first thing they ask you.
>>
>>717680478
Well, I'm going for the meeting now. Wish me luck.
>>
>>717685281
For those of you that can't be bothered to look it up.
NEET stands for Not in Education, Employment, or Training.

It's the Japanese version of a basement dweller essentially. People that don't contribute to society.
>>
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>>717685584
Let us know when it inevitably fails due to the fact you're an uneducated retard that thinks he is a genius.
>>
>>717685446
Thats the biggest load of BS ive ever heard (and im a 37 yo corporate lawyer, so ive heard a lot).
>>
>>717685573
they would
>>717685376

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.
>>
>>717685357
This
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>>717685649
Actually, it the UK version (not Japanese).
>>
>>717685748
Fair enough. It originated in the UK. I'm just Otaku trash so my first exposure to it was from japanese shit.
>>
>>717680478
Just based on all the posts you've made so far you kinda sound like this dumb gook
https://www.youtube.com/watch?v=7Z6TecVZAhk
>>
>>717681031
Hahaha had to google what a NEET is

>Nice meme
>>
>>717685446

kek

there's your problem

don't be surprised if that member of your family is the main opposition to you - they're probably embezzling
>>
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.
>>
>>717684671
Saying 250K is taxable does not mean they have 250K cash to invest. Cash, book profit/loss and tax profit/loss are all different.

Also, what are the start-up costs for each property? It may be that initial start-up costs render a property to a loss position for a few years and your % will be zero.

Not saying you shouldn't do it. For nothing else the job would give you some experience you can put on your resume.
>>
>>717685649
No shit well now i know
.
.
.
nerd
>>
>>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.
>>
can i get a name for OP's picture or sauce pls make me believe in god again
>>
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>>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.
>>
>>717686418
what's the general area of business the company is in?
sounds like brothels to me indeed
>>
>>717680478

OP, after reading all you replies here

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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