Originally Posted by Hiway2Hell
Just read the whole thread...
How vital are you to the day-to-day business of this venture?
How vital are you to its future success?
At the beginning of the thread you were in a weak position. Now you seem in a much better place and are in a strong position where it might be worth renegotiating everything. Is my sense of the situation accurate?
Just caught up on this thread.. sorry for the break.
I would say I am essential at the moment to the day to day business & it's success.
My understanding of the market, the brand, and the elements that bring the company together would be difficult to replace.
I have an excellent team of people now with various attributes, some sales people, some admin / finance / marketing / compliance etc but there is no-one currently in the business or the group who would have the time, experience, understanding or passion to take the business forward as successfully as I believe I am going to.
Your sense of the situation is accurate, although it's difficult even now to negotiate up my salary or equity they have made it clear there will be opportunities for salary increase and higher equity share in the future if things continue to go well.
I have since the start of this thread renegotiated my base salary up to £35k (from £30k), and some of my bonuses are now paid monthly which helps my personal cash flow. (5% monthly / 5% Annual as opposed to 10% annual)
The company has been profitable for the past 6 months which helps.
We have also grown in numbers and now have 10 people in Manila, Our expanding team of 14 in the UK will move to new premises next month & we opened an office in Rio, Brazil last month.