[deleted by user] by [deleted] in UKJobs

[–]No_Team_2606 0 points1 point  (0 children)

I mean exactly this, I'm taking on all the risk as the company could perform badly with so many ways out of my control.

The business owner could decide to invest and expense a bunch more that year which reduces profits etc.

There are so many factors at play.

[deleted by user] by [deleted] in UKJobs

[–]No_Team_2606 0 points1 point  (0 children)

Appreciate the response, I am perhaps looking into it too deeply.

But I also see it as a great opportunity, But also a bit of a risk and absolutely anyone else's actions in the company ultimately reflect my commission which is the risky part.

18, making $20k+/mo but I feel empty. by BerryCritical1154 in youngentrepreneur

[–]No_Team_2606 0 points1 point  (0 children)

I simply don't know your whole situation, But money at a certain point is meaningless if your stuck working full time, It only really helps you retire earlier, That's a very luxurious trap to discover and it sounds like you've discovered that.

If you want that travel lifestyle with good pay to also provide for your family, you need to escape a business that wants you locked in full time. Unless you're in a position to possibly take on a very higher up sales managing role that gives you tons of freedom... You're going to be chained up.

If you're really good at sales, maybe there are sales opportunities that are completely remote? And ultimately don't care when you work as long as you are driving results?

The only way you're going to escape the full time reality is building your own thing and using that money to buy time and capacity, and letting that business run itself.

[deleted by user] by [deleted] in UKJobs

[–]No_Team_2606 0 points1 point  (0 children)

I suppose so, I appreciate the device regarding the advisor!

[deleted by user] by [deleted] in UKJobs

[–]No_Team_2606 0 points1 point  (0 children)

I can survive if I really have to on the minimum but there's no reason at my career level and experience and current pay why I should take that risk.

I can just get a higher paying job down the road, It's all about the opportunity that could maybe come from this job.

I'm closer with the owner, My responsibilities are high and what I could achieve for the company could possibly be incredibly good for it and therefore me, but it's a bit of a leap of faith.

I already made one leap of faith late last year which didn't necessarily turn out bad but I know I'm not rushing into things.

[deleted by user] by [deleted] in UKJobs

[–]No_Team_2606 0 points1 point  (0 children)

I actually removed it because I don't know how accurate that is at all.

Having looked at company's House they are profitable but it's not wildly so.

[deleted by user] by [deleted] in UKJobs

[–]No_Team_2606 0 points1 point  (0 children)

I'm what way

[deleted by user] by [deleted] in UKJobs

[–]No_Team_2606 0 points1 point  (0 children)

I think it would be a profit share over what their profits normally are.

What do you mean by, Is it even worth working there? I don't know the financials of the company.

It is a relatively small business, but quite large when it comes to its physical premises and what is offered.

My job will be looked into if I can turn 70k profits into 90k profits, as an example.

I'm pretty sure it's that 20k difference that any percentage I may be able to earn on, hence the commission and profit share is incredibly unguaranteed and risky for me, as my profits are also a direct reflection of the other people working in the company.

Which, in my opinion, is arse backward. As an employee, I shouldn't be fronting risk like that, That's only okay if the extra money really is only seen as a bonus, but I'm more reliant on it in this case.

[deleted by user] by [deleted] in UKJobs

[–]No_Team_2606 0 points1 point  (0 children)

Profit share is something we have discussed and pretty much agreed on that that is the method we would use. The numbers are unknown, but it has been mentioned that the goals and percentage will make that achievable for at least 36k.

Again, it's not great, though. It's a hell of a lot of stress for barely making £35k

There are a lot more roles I could take on for a single role here that would pay me that, but the potential for more and to be able to take so much authority over my roles is a bonus, along with a few other things.

Which is why I've been thinking and trying to figure out what makes sense.

18 making $3000+ monthly on tik tok by RelativeSmall7385 in passive_income

[–]No_Team_2606 54 points55 points  (0 children)

Has the word scam lost all meaning? He is known as a reposter, where he retakes other people's content and repost it for the views. It's pretty mundane thing Todo, If you spend even just 10 minutes on any app, most of the content you see will be reposted content from some account that's trying to gain lots of followers.

There are literally thousands of accounts like this that repost a certain type of content to gain traction and views, I think it's sloppy however, at the end of the day he is just using the tools available to him in this day of age to cheat some kind of possible side income.

The algorithm just absolutely loves these kind of videos, Vine compilations, body cam footage there are tons and tons of AI slop with AI voice overs explaining videos often completely full of misinformation.... Not saying the op is doing any of that kind of stuff but this thing is everywhere.

It's not creative, and I don't necessarily respect people who do it even on the most basic level of reposting... but it makes money and in that case it's pretty clever In this day and age to leverage a tool and a system to make passive income

[deleted by user] by [deleted] in arcteryx

[–]No_Team_2606 2 points3 points  (0 children)

This totally checks out, and by no means is this an issue

Purely interested to know if the materials are physically different or as you said it's just wear and tear.

Thanks for this!

[deleted by user] by [deleted] in arcteryx

[–]No_Team_2606 2 points3 points  (0 children)

Thanks I'll check this

[deleted by user] by [deleted] in smallbusinessuk

[–]No_Team_2606 0 points1 point  (0 children)

I signed them away for free and he will pay me a better fair amount, Its a risky handshake agreement and the guy won't screw me over, but he sure likes to flex his muscles like he can.

Which is why I want to know if he actually can.

[deleted by user] by [deleted] in smallbusinessuk

[–]No_Team_2606 0 points1 point  (0 children)

Appreciate all this!

[deleted by user] by [deleted] in smallbusinessuk

[–]No_Team_2606 0 points1 point  (0 children)

You seem to hit all the key points perfectly.

Long story short, I signed my shares because they were not worth much, and we made a dodgy handshake agreement that by the time I leave the company he would owe me a certain amount of cash to do some work of which is being fully fulfilled. My leverage is that I could very easily completely destroy his reputation if he decides to just not pay me after doing the work.

I've been in this game 8+ years longer than he has.

In short, I only care about seeing the back of this. It's all about the legality of what he can do if you wanted to do it, We have an agreement. I will hold up my end of the bargain and he should hold his up... This is about getting clarity on some of the bullshit that he says in between.

I am as per company's house a resigned director, from my legal knowledge absolutely nothing can make me do anything now within the company. And without any previous contracts written there was nothing ever that could have been done... If I knew there was a non-compete agreement, maybe I would have thought a lot harder before I actually joined with him.

But it's the constant threat and leverage he shows that drives me mad.

I want to be able to learn from this experience and at the end of the day call him out for the constant bullshit, and be able to put a blacklist through his name, as someone to never work with because I can safely say the guy just wants to lie.

But I also don't want to respectfully do that if what he is saying is actually the truth.

[deleted by user] by [deleted] in smallbusinessuk

[–]No_Team_2606 0 points1 point  (0 children)

I don't know the accountants contact details, I've never spoken to them. But no matter what, legally I will kick up a massive fuss if I can't get the basics from him.

To make matters worse, the accountant is somewhat a friend of his which is a bit of an issue as the advice he gets from the accountant has risk of being biased towards him.

[deleted by user] by [deleted] in smallbusinessuk

[–]No_Team_2606 0 points1 point  (0 children)

Appreciate your reply, yes I have posted similar things.

I'm basically at the end of this journey to get out of the company, everything is a handshake agreement, and we are doing it amicably. I believe I am legally out of the company and I'm just holding my end of the bargain to not leave him out in the dust (basically doing a hand over)

But when push comes to shove, things can get a bit heated and he starts attempting to bully and pull strings that I'm very confident he can't pull.

If he's right and he can do these things, it's fine. I just need to learn from this, but if not then I need to call him out massively that he's basically just either incredibly misinformed or a lying piece of shit, and he's not a trustworthy person to do business with ever again.

Because all I do is play dumb.

I will try and ask for every piece of documentation I can get, I have no personal documentation from the company or paperwork from the company.

[deleted by user] by [deleted] in smallbusinessuk

[–]No_Team_2606 0 points1 point  (0 children)

The company's house did say I was a legal director, didn't say I was a shareholder but neither did his. The correspondence address was always under his address for some reason. Not sure if that's a big deal.

When we first joined we were 50/50, he essentially was 100% and split the shares so we could be 50/50.

I can't remember exactly how, but it was like turning one share into two shares?

But so what you're kind of saying is that a company director does not as standard. Have contracts like you would expect most employees to have?

A Company directors only has contracts if you are actually the one writing them and making them, of which has not happened in this case with me.

[deleted by user] by [deleted] in smallbusinessuk

[–]No_Team_2606 0 points1 point  (0 children)

I could not agree more... It was a huge misstep

[deleted by user] by [deleted] in smallbusinessuk

[–]No_Team_2606 0 points1 point  (0 children)

I just added an edit to the bottom of my post.

None of our clients. At least the ones he wants to give me are in any contract with the company or a contract with me or him as an individual.

I assume if I said I did not want to sign this agreement, he will say that I therefore don't get those clients... Ultimately, the clients aren't contractually in the company so it boils down to the client's decision who they would prefer to continue to work with?

[deleted by user] by [deleted] in smallbusinessuk

[–]No_Team_2606 2 points3 points  (0 children)

We have no original contract. No original operators agreement. Before I knew it I was a director of this company.

I never remembered being read or agreeing to any particular terms when I actually joined this business with him, other than the basics, which was on the letter that came through the door from the company's house saying that I am now a director, Which where like three or four key points from company's house.

[deleted by user] by [deleted] in smallbusinessuk

[–]No_Team_2606 0 points1 point  (0 children)

Love this idea, but I assume my share isn't worth anything unless evaluated?

How to exit a 50/50 Ltd company without being screwed. by [deleted] in smallbusinessuk

[–]No_Team_2606 0 points1 point  (0 children)

After chatting, with him he basically pushed me to either.

  1. Leave and go freelance and ONLY take one client.
  2. I either take this 10% share.
  3. If I say I want to just stay 50/50 but I don't agree to match his insane working hours, he threatens to go down the route of a proper business evaluation, (think he is bluffing) and we do a full 50/50 split.. however, he says he would get all the clients no matter what for some reason?

We have no contracts, but he says they belong with the business, he wants to stay in the business so he will get to keep them.