raeoflyte
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Post by raeoflyte on Sept 16, 2024 21:48:49 GMT -5
There is something to be said for working for the man. It's nice to also not work for the man. Exactly.
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NomoreDramaQ1015
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Post by NomoreDramaQ1015 on Sept 16, 2024 21:58:32 GMT -5
My dad said working for the man sucks.
He also said self employment sucks.
It's just different types of suckage and depends on which type you prefer.
In his case at least they are his own headaches which he prefers at this stage in his life.
With kids working for the man was of more benefit to him and my mom.
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azucena
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Post by azucena on Sept 16, 2024 22:30:15 GMT -5
I got a job offer today from my old boss. Same people I worked with at the last company (not the team, but same branch). Base income is similar to what I'm making since insurance would be a lot cheaper. It really comes down to am I willing to give up my business, the possibility of making as much money as I want, and the alleged freedom. Hard choice. Can you ask for more money, better commissions, more pto, etc to tip the scales?
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raeoflyte
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Post by raeoflyte on Sept 17, 2024 9:39:28 GMT -5
I got a job offer today from my old boss. Same people I worked with at the last company (not the team, but same branch). Base income is similar to what I'm making since insurance would be a lot cheaper. It really comes down to am I willing to give up my business, the possibility of making as much money as I want, and the alleged freedom. Hard choice. Can you ask for more money, better commissions, more pto, etc to tip the scales? We talked about that a bit already. I can be an loa and a processor so I could get a base, bonus, and commission and with the right LO that could be good money. It sounds like they want me to process for several LO's which I dont like, but I should be able to get in with a handful of good LO's. I'm not getting in many new loans right now so this is the time to switch if I'm going to.
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Rukh O'Rorke
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Post by Rukh O'Rorke on Sept 17, 2024 10:47:21 GMT -5
Hard choice. Can you ask for more money, better commissions, more pto, etc to tip the scales? We talked about that a bit already. I can be an loa and a processor so I could get a base, bonus, and commission and with the right LO that could be good money. It sounds like they want me to process for several LO's which I dont like, but I should be able to get in with a handful of good LO's. I'm not getting in many new loans right now so this is the time to switch if I'm going to. seems like you need to take it right now? if so doesn't have to be permanent. good luck!
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raeoflyte
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Post by raeoflyte on Sept 17, 2024 12:10:56 GMT -5
We talked about that a bit already. I can be an loa and a processor so I could get a base, bonus, and commission and with the right LO that could be good money. It sounds like they want me to process for several LO's which I dont like, but I should be able to get in with a handful of good LO's. I'm not getting in many new loans right now so this is the time to switch if I'm going to. seems like you need to take it right now? if so doesn't have to be permanent. good luck! That's what I just said to dh. I hit this spot every month where I'm looking at the next month thinking there isn't enough. And then each month enough comes in. But I fired 1 LO, another has been slowly phasing out to the point that she got another full time job, my main LO was upset with me last month, and while he acts like everything is fine now he's only sent me 1 deal that was a rush and incomplete that I ultimately turned down worrying that it would make things worse between us when it went badly. All fine individually, but together it could be the hit to my income I'm always worried about actually happening. I've up'd my marketing to get in new clients but that takes time. If doing both we're an option it would be a no brainer.
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Rukh O'Rorke
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Post by Rukh O'Rorke on Sept 17, 2024 12:42:54 GMT -5
seems like you need to take it right now? if so doesn't have to be permanent. good luck! That's what I just said to dh. I hit this spot every month where I'm looking at the next month thinking there isn't enough. And then each month enough comes in. But I fired 1 LO, another has been slowly phasing out to the point that she got another full time job, my main LO was upset with me last month, and while he acts like everything is fine now he's only sent me 1 deal that was a rush and incomplete that I ultimately turned down worrying that it would make things worse between us when it went badly. All fine individually, but together it could be the hit to my income I'm always worried about actually happening. I've up'd my marketing to get in new clients but that takes time. If doing both we're an option it would be a no brainer. because having your own busienss is a COI? That does put you in a tough position then. The other side is if you go back to working for the man - could make a lot of new contacts for next time you do Rae, Inc.? I was worried about Rukh, Inc. Whenever I got a new boss (every year!) I would always clear that work with them. Then we had to start filling out conflict of interest forms every year and I was worried someone higher up might say I need to choose (and RI is very small potatoes! so choosing RI would not even come close to paying the bills), but 2 or 3 years of the COI forms and no one said boo. But since I report on a form now, did not mention my clients to new boss, and he might say something/have different POV. So far no new COI to fill out in 2024, but I'm sure he'd look at it and maybe ask questions or ask me to choose, but until then I'm just moseying along thinking it is all cool.....I reported on a form, right? and no one has asked since!
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raeoflyte
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Post by raeoflyte on Sept 17, 2024 14:25:47 GMT -5
That's what I just said to dh. I hit this spot every month where I'm looking at the next month thinking there isn't enough. And then each month enough comes in. But I fired 1 LO, another has been slowly phasing out to the point that she got another full time job, my main LO was upset with me last month, and while he acts like everything is fine now he's only sent me 1 deal that was a rush and incomplete that I ultimately turned down worrying that it would make things worse between us when it went badly. All fine individually, but together it could be the hit to my income I'm always worried about actually happening. I've up'd my marketing to get in new clients but that takes time. If doing both we're an option it would be a no brainer. because having your own busienss is a COI? That does put you in a tough position then. The other side is if you go back to working for the man - could make a lot of new contacts for next time you do Rae, Inc.? I was worried about Rukh, Inc. Whenever I got a new boss (every year!) I would always clear that work with them. Then we had to start filling out conflict of interest forms every year and I was worried someone higher up might say I need to choose (and RI is very small potatoes! so choosing RI would not even come close to paying the bills), but 2 or 3 years of the COI forms and no one said boo. But since I report on a form now, did not mention my clients to new boss, and he might say something/have different POV. So far no new COI to fill out in 2024, but I'm sure he'd look at it and maybe ask questions or ask me to choose, but until then I'm just moseying along thinking it is all cool.....I reported on a form, right? and no one has asked since! That and licensing issues. The new company will sponsor my personal license.
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Works4me
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Post by Works4me on Sept 17, 2024 14:54:47 GMT -5
Would paying for your personal license yourself make it possible to continue Rae Inc on the side? Is it possible to reduce or even eliminate COI? I understand your need for constant income and unfortunately, IMHO, RE may be much slower in the next year or so.
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raeoflyte
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Post by raeoflyte on Sept 17, 2024 16:27:48 GMT -5
Would paying for your personal license yourself make it possible to continue Rae Inc on the side? Is it possible to reduce or even eliminate COI? I understand your need for constant income and unfortunately, IMHO, RE may be much slower in the next year or so. No, it's not about the cost. It's licensing regulations.
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raeoflyte
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Post by raeoflyte on Sept 17, 2024 16:34:14 GMT -5
I'm definitely leaning toward the job. I got a little more info. 3 weeks vacation, 1 week sick leave. I prefer a pto bank because sick leave is a joke but it's still not a bad amount of time.
I can't come up with a real downside. Which is funny because last week I was saying I couldn't imagine working for someone else again.
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raeoflyte
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Post by raeoflyte on Sept 17, 2024 16:59:48 GMT -5
I also spoke with another contact who said the company can probably go up on pay too. So that's tempting.
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raeoflyte
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Post by raeoflyte on Sept 18, 2024 15:37:58 GMT -5
I still need to talk to the operations manager but I'm going to take it. My main client royally pissed me off today and I need a break from him. This seems like the perfect opportunity to get that break.
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finnime
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Post by finnime on Sept 18, 2024 15:45:25 GMT -5
It sounds like a good opportunity all considered, raeoflyte. Good for you, to have choices.
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Rukh O'Rorke
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Post by Rukh O'Rorke on Sept 18, 2024 16:50:45 GMT -5
good luck Rae!
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chiver78
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Post by chiver78 on Sept 18, 2024 17:28:53 GMT -5
well, I guess I find myself back here for real this time. I had a call this am with my boss's boss, where I learned that my position has been eliminated, among a big number from our overall organization. I found out later that my boss was also included in that RIF (I haven't spoken with him yet), and one other guy in our immediate group. so that's basically a cut in half for our group. 🤯
my last day is 2mo out, and there's a severance package. so I have a bunch of time...but I need to get off my ass and seriously look for a new spot. I'm taking today to loaf, and I have a Q&A session on Tuesday where I plan to ask about some restrictions that have already been placed on my user accounts to protect IP info. right now, I can't send a recruiter my resume as an attachment. 🙄 I'll check in again soon.
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Rukh O'Rorke
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Post by Rukh O'Rorke on Sept 19, 2024 9:46:11 GMT -5
well, I guess I find myself back here for real this time. I had a call this am with my boss's boss, where I learned that my position has been eliminated, among a big number from our overall organization. I found out later that my boss was also included in that RIF (I haven't spoken with him yet), and one other guy in our immediate group. so that's basically a cut in half for our group. 🤯 my last day is 2mo out, and there's a severance package. so I have a bunch of time...but I need to get off my ass and seriously look for a new spot. I'm taking today to loaf, and I have a Q&A session on Tuesday where I plan to ask about some restrictions that have already been placed on my user accounts to protect IP info. right now, I can't send a recruiter my resume as an attachment. 🙄 I'll check in again soon. oh wow chiver, sorry this happened but glad you have so much notice+severance. that is a good place to be at least.
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