Off Topic: Stability vs. Money.

Chofrock · #1 12-30-2005, 11:43 AM

If you had the option, would you choose to stay with a stable company, or leave and work for a start-up company that is willing to pay you 30% more?

Assume similar benifits, similar work. The only difference being more stability or more money.

mark manda · #2 12-30-2005, 11:58 AM

the new company if it's a challenge and you like doing it as much. IMHO

godspeed · #3 12-30-2005, 12:09 PM

I vote stable, startups come and go, but the stable company business plan is working.. 64% of all new companys fail..

Danny..

szicree · #4 12-30-2005, 12:20 PM

How much will my good work impact the start-up's chances for success? Will the new job allow me to grow my skill set and increase my market value?

AntiGravity · #5 12-30-2005, 12:27 PM

Depends. Right now in NZ there's a major shortage in our industry so getting work is not a problem. I'd follow the money, since I have a a/c to build. If I didn't have the RV project and/or employment was harder to come by, I'd stay put. My Wife is in a similar situation. Where she is she pretty much has a job for life, though few advancement prospects; since she is a woman in a man's world and finds it difficult to get a decent job, we've agreed she will stay put.

FlyerJumper · #6 12-30-2005, 12:46 PM

Depends... If I were in the beginning stages of my RV build (which I am), I would stick with the stable company. If I were close to completing (i.e. having my RV paid off) I might consider the risk worth it

cobra · #7 12-30-2005, 01:13 PM

Job hopping is the norm these days. Most companies will offer higher salaries to new talent than they offer their loyal experienced workers

. Take the cash for a few years, invest the difference into YOUR future, and then use the higher salary to bargin for something better. That said, it is next to impossible to build wealth working for someone else.

rv8ch · #8 12-30-2005, 01:59 PM

Quote:

Originally Posted by Chofrock

If you had the option, would you choose to stay with a stable company, or leave and work for a start-up company that is willing to pay you 30% more? ...

Apologies if the following is all already totally obvious to you!

The Beaverton area has a lot of startups coming and going, so if this one does not succeed, there will be others down the road.

However, you need to ask yourself some questions, and give yourself some honest answers.

How will you feel if the other company becomes wildly successful, and you are still at your present job?

How will you feel if you are on the job market in 18 months, because the startup failed?

While I was working for a "big blue company", which I really loved, many people left for startups. I never heard a single one say that they regretted the decision.

You learn things in small, chaotic environments that you'll never imagine in larger companies. It's also possible that you'll bring an added measure of stability to this new company - something that they will need. Even if the company does not succeed, you'll learn another way not to run a startup.

Don't burn any bridges at your current company - they may become a customer, or you might want to recruit some of your current collegues.

Best of luck!

mark manda · #9 12-30-2005, 02:24 PM

jeez bob, I can't see well enough to read a 500 word paragraph. how about some paragraph breaks every 8 to 10 lines?

Bob Axsom · #10 12-30-2005, 02:55 PM

I wanted to help the fellow but I didn't want to study and compose it. I just started rambling - sorry. I went back and tried to edit it per Mark's request but it was so bad I deleted it instead. Basically you have to decide what is best for you and don't avoid all risks for the sake of security and never sell yourself into a job with no opportunity to develop your talent in an effective way. Money nor security are sufficient compensation for lost opportunity.

Bob Axsom