An executive at an established corporation may be approached with a great business idea and the chance to be a founding member in a new start-up company. But before the executive makes a leap, consideration should be given to a couple key areas.
First, a young start-up company may not be able to provide competitive compensation, benefits, or support. Some start-up companies offer increased equity to offset low salaries, but this approach can be risky. Executives who are accustomed to large staffs and significant budgets must be prepared to downscale their expectations significantly.
Second, the actual duties involved in running a brand new company are vastly different than the duties involved in maintaining functions at an established corporation. An executive at a start-up company must be energetic, enthusiastic, and willing to undertake many tasks within the ever-evolving structure of a start-up company. An executive who is not excited about this type of work will not likely succeed.
To speak to a Dallas attorney about employment law advice or to ask a Dallas employment contract attorney to review an employment agreement, please contact the Texas employment law lawyers at Clouse Dunn Khoshbin LLP at [email protected].
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