The company I work for has been around for about 25yrs and does around $100m annually. They asked me to build a team but I want to build it with ownership. I have a plan to develop a service and a product that I think they will like but I want my "team" to actually be a company that we can spin out after certain milestones are met. I'm looking for someone to bounce ideas off of in terms of structure, how equity should be divided, milestones to trigger a spin out etc.
Talking from certain experiences as a serial entrepreneur, while the CEO of a large, hospitality industry organization:
Make "per piece" or "per unit" pay possible as much as you can for ALL areas/departments/roles. But transparency and ease of calculation for the users/employees would be of the essence.
Equity.
For those who continue to perform the role(s) consistently and productively for a certain minimum period, say six months or more, may qualify to acquire a certain designation or get promoted.
Structure. Career growth.
Only when you're making profits.
Spin-off trigger.
Give me a call if you have any further questions or need any "clarity".
Regards
irfan
