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Option 1 - Stay at current job w/ excellent base salary and opportunity for 40% annual incentive (although earning it is totally based on company goals and not individual contribution). Mid-level management position in a centralized office enviornment.
Pros - good base salary, 4 weeks vacation, flexible schedule, like my direct manager
Cons- distant upper management (department heads), low morale, work is not challenging or engaging.
Option 2 - regional sales manager position. selling financing solutions to business owners to offer their customers. I've done this in my prior career and really enjoyed it.
Pros - work from home, local & regional travel, half days on Fridays, car allowance, gas card, expense account, commission is uncapped and would 'potentially' earn more than current position wihtin 24 months. Totally in control of earning potential vs high level company goals.
Cons - base salary is 45% cut. It would hurt financially, but I could swing it....
So basically - should I take the risk of the base salary reduction in order to do something I have always wanted to do. Also - the new opporunity is with a growing company and they are just now expanding to my state so I would get in on the ground level. Both positions offer the similar health coverage, 401k, etc so not losing anything there. I'm leaning towards option 2, but I just wanted to get others thoughts.
Anyone else taken a chance and it worked out well? Or wish you had never done it?
Option 1 - Stay at current job w/ excellent base salary and opportunity for 40% annual incentive (although earning it is totally based on company goals and not individual contribution). Mid-level management position in a centralized office enviornment.
Pros - good base salary, 4 weeks vacation, flexible schedule, like my direct manager
Cons- distant upper management (department heads), low morale, work is not challenging or engaging.
Option 2 - regional sales manager position. selling financing solutions to business owners to offer their customers. I've done this in my prior career and really enjoyed it.
Pros - work from home, local & regional travel, half days on Fridays, car allowance, gas card, expense account, commission is uncapped and would 'potentially' earn more than current position wihtin 24 months. Totally in control of earning potential vs high level company goals.
Cons - base salary is 45% cut. It would hurt financially, but I could swing it....
So basically - should I take the risk of the base salary reduction in order to do something I have always wanted to do. Also - the new opporunity is with a growing company and they are just now expanding to my state so I would get in on the ground level. Both positions offer the similar health coverage, 401k, etc so not losing anything there. I'm leaning towards option 2, but I just wanted to get others thoughts.
Anyone else taken a chance and it worked out well? Or wish you had never done it?
Can't really comment with such limited information. Need to know your age, tolerance for risk, attitude towards working another 5 years at your existing company.
Right now, based on pay alone it seems like a no go. I mean a 45% reduction in pay is huge. You should never change jobs for a pay cut unless you are grossly unhappy with the present situation. However, you did bring out one point I would highlight. Career advancement/satisfaction requires risk taking and it seems you have this in mind. I am just not sure that a huge pay cut to do something you like is a wise move.
Can't really comment with such limited information. Need to know your age, tolerance for risk, attitude towards working another 5 years at your existing company.
Right now, based on pay alone it seems like a no go. I mean a 45% reduction in pay is huge. You should never change jobs for a pay cut unless you are grossly unhappy with the present situation. However, you did bring out one point I would highlight. Career advancement/satisfaction requires risk taking and it seems you have this in mind. I am just not sure that a huge pay cut to do something you like is a wise move.
Currently 33 y/o, so still have time to figure out other options if the new gig didn't pan out. However, I feel I've stalled at my current company.
Prior company I was promoted 3 times in less than 9 years and had great respect for upper management and really enjoyed the work. Once we were bought out, the new company just seems to not be well managed, morale is low, and although I do the same job, it's just not enjoyable. I can also say I'm not sure not sure about upward potential here anymore either. It just seems like my trajectory has been stifled although I haven't changed my approach...
Basically - it's enjoyment and potential over secure and mundane. I feel like I'm too young to settle at this point but also don't want to wish I'd never made the change. But also don't want to wish I'd made the jump and didn't. Ugh - life can't present easy decisions, can it?!
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