.. accept payment in shares of that company until cash flow was sufficient to pay wages?
2006-08-26 04:46:43 · 10 answers · asked by James 6 in Business & Finance ➔ Careers & Employment
Suppose you were doing nothing anyway, and your choice was do nothing and get nothing, or do nothing and get something with the value of nothing?
2006-08-26 05:09:12 · update #1
If you do not add anything to the value of a company, then why should someone employ you? Surely by employing you the companies value would increase dramatically? Anyone who says no is not worth employing anyway!
2006-08-26 05:25:01 · update #2
NO WAY. I think that may also be illegal. There is no guarantee the company would ever get up and running and to expect employees to work for free is not fair. Would you work for someone for free? I don't think you would.
2006-08-26 04:53:31 · answer #1 · answered by MadforMAC 7 · 0⤊ 0⤋
From the bases of my profession, a consultant, I would advise any employee being presented with such an offer to consider two things:
1. The guaranty that the organisation expects valid financial returns high enough in the near future (I would say till 2 years from agreement) so that it can pay the employee their wages due
2. The personal needs and expectations of the individual personnel whereby they could sustain their living from other financial sources while earning only shares ( which are represented by nothing more than paper documents) here.
Annexed to the number 2 above, is a hidden potential benefit termed Capital Gain, or Net Profit, from the sale of the amount of the shares received by the employee as an alternative to wages (actual money)
The actual money to be realised can only be obtained provided the company allows its employees to sell off their shares if need be if allowed in the employment contract.
And guess what: ANOTHER CLUE:
In case you stay in employment long enough such that taken as a group, if the workforce has earned sufficient number of shares that account for a minimum of 50 % and above of the Share Capital of the organisation, then my friend, YOU GUYS CAN RE-OWN THE COMPANY BY USING A SPECIAL MECHANISM CALLED MANAGEMENT BUY-OUT: (To be explained later)
2006-08-26 12:16:36 · answer #2 · answered by Dave 1 · 0⤊ 0⤋
That's the way many companies get started. I've set up as many as 15 people sharing shares to start things up. Often legal, accounting, and operations take little or no cash out but get shares based on a good business plan.
2006-08-26 12:20:14 · answer #3 · answered by fiftycentsthisyear 3 · 0⤊ 0⤋
Shares will not pay the rent.
However, if you've absolute faith in the company, if you really want to do the job, and if you have money to live from in the mean-time then it might be worth a gamble.
2006-08-26 11:56:42 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I love my job, my OWN business, you can check it out at
www.ytb.com/diamondk
My direct line is 620-376-8117
It comes with a guarantee if you do not make at least $6,000 in the next 12 months the company will make up the difference!
Call me!
2006-08-26 22:01:02 · answer #5 · answered by TrinaSue K 1 · 0⤊ 0⤋
no way
speak to anyone who got burnt with dotcom shares
u say u arent doing anything now, but the fact is if you are willing to do this then you would be willing to work somewhere for cash, so the opportunity cost is the paycheque you are foregoing while you collect peices of paper
2006-08-26 12:11:57 · answer #6 · answered by capollar 4 · 0⤊ 0⤋
Seems like you'd be putting the cart before the horse.
2006-08-26 11:49:08 · answer #7 · answered by Ya-sai 7 · 0⤊ 0⤋
People who go to work do so to get paid - end of.
2006-08-26 12:58:10 · answer #8 · answered by bambam 5 · 0⤊ 0⤋
no way dude
2006-08-26 11:51:17 · answer #9 · answered by mesun1408 6 · 0⤊ 0⤋
no way!!!!!!!!!! would you???
Of course you would not
2006-08-26 11:54:39 · answer #10 · answered by lenny 1 · 0⤊ 0⤋