Job offer with profit share

C

comraid

Registered User
Messages
25
Hi

I am looking at a job offer for a new venture in Ireland and intend to ask for profit share in the company. What is a reasonable percentage to look for - don't want to look for too much or to sell myself short.

Thanks in advance
 
Re: Profit Share- new company

For a new venture and not to many employees then why not go town and ask for loads, they can only say no.

It would be in the company's interest that you do well to make them a success and shares are a great incentive.
 
Re: Profit Share- new company

I would be only employee in Ireland for the moment but don't want to go OTT on the package and start off on the wrong foot.
 
Re: Profit Share- new company

What basic are they offering?
What is the prospective turn-over?
What is the profit margin on sales?
Are you selling a product or a service?
Is there a technical sell required?
What sort of investment is the parent company making?
What sort of ROI are they looking for?
Will you be getting technical, clerical, sales or advertising back-up?
If so what proportion of turnover will it account for?

With all due respect this is a bit of a “how long is a piece of string” question.
 
Re: Profit Share- new company

Thanks for advice. Whilst all the above are of course relevant in how the bottom line i.e. profit is arrived at I am nevertheless interested only in what is considered a reasonable % of that bottom line to look for. The salary meets my expectations but I also feel I should be rewarded for my efforts to make the new venture a success.
 
Re: Profit Share- new company

You could be selling machines that cost €10’000’000 each with a 20% margin and all presentation and promotional material provided and a strong technical support as part of the pitch and forecasted sales of €50’000’000 a year or you could be selling niche goods with a 40% margin and annual revenues at €50’000. The machines may have a 18 month lead time with massive up-front cost for the manufacturer, the niche product could have a 30 day lead time with no up-from cost for the company you sell for. Do you think that the salesperson in each of the above scenarios should look for the same profit share?
Asking what % of profit you should look for is meaningless.
 
You must log in or register to reply here.
Back
Top