If I leave my 30 LPA job to start a business and it fails in 3-5 years, can I expect the same or a higher CTC if I want to rejoin corporate
Will the employers be okay to pay same or higher CTC?
Or do I have to take a paycut if I rejoin corporate? If yes, then by what % ?
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Some employers do value your entrepreneurial experience. So, you may get a tad better salary but there are also employers who will try to get you to agree at a lower rate so they will advise a paycut. The answer truly depends on you and you alone. Thanks
So here’s how it works. If you are able to gain valuable skillset(which you should if you out in everything to your business), and companies are looking forward to such skills, you will definitely be rewarded. If you aren’t able to gain much skillset applicable at that point of time(post 3 years)? It would be difficult for you to get a job even for the present CTC, and you may have to take salary cut.
Technology changes very fast. After 3-5 years if you back to market lot of new things will get changed
Can’t tell depends on market sentiment and situation in those 3 years someone else may step up but your experience is valued no changes there
Entrepreneurial experience is not a gap. Heard of former founders joining Big 4 with good packages. Will depend then on the company and how you negotiate.
Who knows what the market would be like in 3-5 years. You would have to explain the gap to big companies for sure, but it's a risk worth taking if your business idea is good. Worst case you join back to corporate at 20lpa? Doesn't seem too bad to me, the upside may be crores, evaluate the risks