Despite some unfortunate (but not devestating) financial events, my wife and I are in agreement that next year I'm not going to work full time. I shared the happy news with a couple of my partners and I'm getting some push back. My thought is that a "normal" work year for the younger guys includes 10 days of holidays like Christmas, New Years, July 4, etc., when the office is closed. I don't keep track of their "vacation time", but I think its typically 2 to 3 weeks. That means to me that "full time" is about 47 or 48 weeks a year. I've told them I want to reduce my compensation to 75% and reduce my time to 75% of 48 weeks a year, or 36 weeks. FWIW, I took 5 weeks vacation this year and received the same compensation as the other 4 partners. Fortunately, it was a really, really good year for me and my revenues were much, much higher than anyone elses. Next year, I think my revenues will be below the other 4, especially working part time.
We're discussing it. I'm hopeful it will work out that way for a year or two because the extra income would be nice.
It's like working part time, I guess. Anybody else do anything like this?
We're discussing it. I'm hopeful it will work out that way for a year or two because the extra income would be nice.
It's like working part time, I guess. Anybody else do anything like this?