****ing hell. The directors have just dropped a bomb. They're retiring next year. Want to know if us consultants want to buy the business. I've no credit rating so I can't borrow anything. The gobshite manc bitch who's been here 5 minutes says she can get the brass together. My mate here isn't sure if he wants to buy in. I'm too old for this ****. No one else is likely to recruit me. If we don't have it, they'll flog it and that's a totally unknown variable. Happy ****ing Christmas
Not nice over Christmas mate. We only ever know three months ahead and Christmas is usually tight for funding so is month-to-month. This year is abnormal, we've got funds until the summer at least for a change.
You could always not go to the pub for a week and buy your share of the company with the money you would have spent on pseudobeer.
Look, you know your stuff and have a portfolio of clients. Start collecting the data for yourself now cos the market place is jammed with gobshites recruiting off linkedin. You must know who your type of clientele also use as main rivals etc.
I'm one of those gobshites It's not what you use. It's how you go about it. In the sector I'm in, I need a guaranteed salary as well as commission. I won't get that on a self-employed basis.
No but there's a few things: A) your owners might be getting out before brexit and looking for a sucker. They might be seeing this business going down so you should probably be thinking about that. I wouldn't buy it in the current climate no matter what. B) You must know your main rivals in your sector and who you could get a job with especially if you've a list of clients you've headhunted and haven't placed or are just looking about? surely you've as good idea of recruiting businesses around your area and industry? C) Maybe you'll just get bought and continue one irrespective?
A) Nothing to do with that, although Brexit won't do science in general any good. They've got the money to do it and they're both 60 +. I couldn't get my hands on the money as I don't have a good credit rating. The Manc bitch has, as does my mate. B) The beuty of this business is that it's 'family run'. They treat you like grown ups and let you get on with it, and if you have a bad patch, they understand. There aren't many recruitment companies around like that. C) If we don't buy it, someone will as it's a known 'brand' in the market. What are you buying when you buy a recruitment company? The people.
Just because you haven't got the money doesn't mean you can't get involved. Two ways: 1) speak with the Manc Bitch (and by the way, if she has the money you might want to drop the attitude) and ask whether you can be involved. It could be by buying your way in over a period of time by taking a cut in salary, in return for a share, or as a paid employee. If you are good at your job they will want to keep you. 2) speak to the owners and ask whether they will be prepared to take a staggered payment approach so that you can pay out of profits. It may cost a bit more than an upfront payment but it provides a means of buying in without an initial capital In the first place I would ask to take a long hard look at the books, preferably with some advice, to determine whether its actually generating sufficient profit/money to make it worthwhile investing in rather than just as a way of keeping your job.
1. She doesn't know I have that attitude (she's citeh, by the way). I don't really want to have that type of interest in it. I've had my own business before (for 13 years), so I know the upsides and the downsides. I really only want to be an employee now and I am good at what I do. 2. See above. 3. It is profitable.
does your company have client companies it deals with that others would love an in with? I dunno but the timing just seems suspect to me. they want to sell up just at the dawning of brexit. Are they if age that retiring is really the thing to do? it might be profitable now bit are they getting out before the dip? who knows.... obviously from this remove I've no idea. why not start looking around? garlic can get you a job with a car and 140k a year
They've been through 2008 - 2016. Can't see how Brexit will be much worse than that. As soon as they sold the building we were in, I thought it was on the cards. There are certainly clients that I've worked with for 13 years in life science who wouldn't deal with anyone else but me, and the same for my mucker here.
well, don't be afraid to trade on the basis of those clients. don't undersell yourself due to age at all.
Go freelance or start up as a consultant bro. I know there's a tendency for age to be considered a negative in employment, and it can be in a lot of circumstances. But it can add value as well through experience, client/customer relationships, knowing more about an industry, and like you say a level of maturity and knowing how to conduct yourself (not at das cheeze)
Freelance not an option. My game is to up and down. I'm profitable, but over a 12 month cycle. There will be months when I don't invoice anything, so I can't service my monthly outgoings. I need what I have now. A decent monthly salary and commission. Where's #Skylarker
TBH I've talked to 45 year olds and 50 year olds who were panicked by this age thing. in the present climate age shouldn't be a factor. if it is the company itself isn't worth working for anyway. You can't get good people. I've been contacted 5 times in the last 2 weeks. One place wanted to interview as head of engineering. I told them i'd not move kids until after summer hols. They went ape and had a hissy fit. It was a biggish move and there wasn't too many places to rent there either. It'd be a 2 hour drive. They failed the test imo. I didn't. They won't hire too many with that attitude. 3 i told to piss off contacting me about contract jobs in pharma and tech. Not interested. One i said ok maybe, tell me more just to see. Its just a senior post of sorts but no harm looking. Its like this.... recruiters are falling over themselves to find people even in this brexit thing. unemployment is officially 4% not seen in uk since the 1970s. I'm sure its the same for recruiters. If you've a list of 100 high quality candidates they'd bite your head off to get it into their company and to bring a new client company of 3 into the fold would be huge too.
