It still holds true, that the role of a company director, is a prestigious title. It conjures images of besuited men and women, operating from swanky offices. This title tells the world you’re successful, and you’ve made it in business. However, taking on this role is not for everyone!
Before you accept the role as a company director, it’s important to do as much research as possible into the company. There are a lot of factors to consider including contractor accommodation London. If anything untoward happens, or something scandalous raises its head from the past, it’s your reputation that will be on the line. Do you have what it takes to do this job? Let’s look at the role in more depth…
Pros: money and status
One of the deciding factors for many people when deciding whether to take on a more challenging role, is money. You’re likely to see a large increase in your salary. Whilst earning more, is not the be-all and end-all of job satisfaction, it does give you the opportunity to pursue your personal goals. For instance, making it easier to buy a house, get married, or have that dream holiday in the Bahamas.
Pros: improved job satisfaction
Being a company director, affords you great responsibility. If this is something that motivates you, then it’s a big bonus. You must be able to work with the knowledge that your decisions will have a major impact on the company, as well as the people who work for it. For some, this can be daunting – remember the old adage: ‘with great power, comes great responsibility’. But if you’re a confident soul who thrives in a challenging environment, this position might be perfect for you.
Cons: extra challenges
It can bring about some extra challenges; for example, mortgages for company directors, can be somewhat harder to come by. This is due to the fact your income, as the director of a limited company, may be a little harder to explain. However, this should not be a deal-breaker, as there are lenders out there who understand and are willing to help. You just need to know your provable income, before applying to any lender.
Cons: workplace attitudes
If you’ve worked hard and moved your way up in a company, it’s possible that your colleagues will treat you differently. Of course, this is not always the case, but it’s certainly something to consider. The people you used to work with, may have a different attitude towards you, and feel they cannot relate anymore, due to your increased authority. It is also true that it may not be professional for you to treat them the same way you did before.
These are just a few of the pros and cons of being a company director. If you are offered this prestigious position, it’s important to take your time, before you sign on the dotted line. Make sure you’re aware of all the advantages and disadvantages that come with this career – then you’ll know if it’s the right role for you.
