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Continue or quit?
Hi,
I have my own company C now for several years where I work as freelancer. The last 4 years I'm working full time for company A and was winning good money and able to pay myself a salary of 1500€/month and having a car/phone/... on the company.
Last year I started a new company B with the shareholders of company A. I'm for 5% shareholder of this new company B. The problem for the moment is that company A is not running well anymore and company B is not making profit as we just started 1 year ago.
For the moment I'm not paid as good as before the start of the new company and I'm able to pay myself today 500€/month but the balans of my company C is not positive.
For the moment I'm thinking and doubting a lot about my current situation, me and my girlfriend are searching to buy our own property and soon there will be kids. I believe really in the new company we started but have bad feeling today because I'm not winning money as I would be just working as employee.
I put this question here on hackernews because I want to find people who are/were in the same situation as I am for the moment and to get some feedback what will be the best step for the future and career.
Feel free to give some advise or opinion about this scenario. Should I continue to fight for it or search some other freelance job? Is it part of starting new company?
- mc_hammer 11y agoanother option: set a goal for the company. and if they dont meet it leave. like: we will gain 1000 users and reach 1000$/MRR in 6 months or im out. gl.
- mikerichards 11y agoI'm confused with the statement, "e last 4 years I'm working full time for company A and was winning good money and able to pay myself a salary of 1500€/month and having a car/phone/... on the company." I understand english isn't your first language, but just want to clarify the phrase "able to pay myself" a salary. I'm assuming that was a slip-up and you weren't a partner in company A..you were just an employee. I'd bail out the entire situation. I know different parts of europe have different standard of living with regards to the Euro, but I don't know how most folks in the euro can survive on 500Euro/mos...especially with girlfriend and a kid on the way. My advice is go back to freelancing. I have a very good salary as a developer in the midwest and do some freelancing on the side. The way I look at it, I have to be able to afford to lose a couple clients and keep on chugging before I strike out on my own.