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Hi Folks,
Hope you all are doing well.
I have multiple offers in hand from the below-mentioned companies.
Need your inputs and suggestion regarding which company would be better to join in terms of career growth and opportunities in Data Engineer role.
ITC Infotech
Telstra
Teklink International
Factspan analytics
Bosch
All companies are giving offers around 18-20(Fixed +Variable).
YOE - 3.4 years
Tech Stack - SQL Server,SSIS,Azure ,ADF,ADB,Pyspark,Azure Synapse, SparlSQL
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It’s called, “Reasonable Assurance"
Hi all! Looking for a roomie in Culver City. New Yorker getting into the startup life and transitioning from data engineering to data science.
Looking at the Harlow for a 3 bedroom, want to convert the extra room into a home office: https://www.thewestsidecollection.com/harlow-culver-city-ca/
If you’re interested in the area lemme know!
Additional Posts in Succession Planning: Buy/Sell Practice
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$300k of revenue given to you. Chance to buy out a $400 mm book. New revenue getting a 30/70 split. Can not believe you are complaining.
BTW prospecting is a huge part of being groomed to take over the book. Most books age out with their representatives. If you don’t learn to prospect you will not succeed when she is gone.
Pick up the phone and make 599 calls a days. Oh and work 12 hours a day too without any vacation for a year.
You have a life changing opportunity. Don’t piss it away by being lazy and spoiled! Now start setting goals to contact 20 people a day. 10 mid morning (no lunch until 10 completed) 10 in the afternoon ( don’t leave until 10 completed). This is literally how I grew my business from scratch to $75million in 7 years.
What market did you cold call? Nice work. Much respect.
I feel like 90/10 is being short changed. Also am I wrong not to really go out and prospect if I am only going to get say 70/30 of new business and also have to pay the senior out once she retires....
I’m just trying my best to take this post seriously and not laugh this off. All I’m gonna say is, you will need to learn to prospect if you want to be successful in this business. You are not entitled to the business, you need to earn your keep and that includes hard work.
You’ll have to learn how to prospect, but your AUM you need to gather is probably already in this book. Focus on getting really deep with each one of these clients. Uncover assets that may be floating out there. If you can sell insurance, work on those opportunities as well. Ask about family members and extending your service to them. These warm opportunities will be a heck of a lot easier to cultivate than cold calling.
Is your deal in an official contract? If not you better get that done immediately. Otherwise your just an employee.
The split will be modified once you demonstrate the willingness and results to acquire clients and develop your own book.
You may find better luck in an employee channel like Schwab or Fidelity where you don't need to prospect. At this point, your Sr. partner is going to either get rich AF by selling the whole practice to an aggregator or find someone else who has a proven record of rainmaking to take over with a lifetime of passive income paid out to her.
This idea of coming in as a Jr. and being "groomed" to "take over" is one I hear all the time. But unless its in writing, in a contract or agreement, you may have missed some cues that suggest that was never the case at all.
To answer your question, I don't think there's such a thing as a reasonable split anymore. Jrs are making a salary plus sales bonus for exactly this reason.