I Left My £75k Salary To Set Up My Own Business

Illustration by Eutalia De la Paz.

In our series Salary Stories, women with long-term career experience open up about the most intimate details of their jobs: compensation. It’s an honest look at how real people navigate the complicated world of negotiating, raises, promotions and job loss, with the hope it will give young women more insight into how to advocate for themselves — and maybe take a few risks along the way.

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Age: 32
Location: Manchester
Current industry and job title: Influencer Marketing, Founder & Fractional COO
Current salary: £65,000
Number of years employed since school or university: Nine

Starting salary: £18,000 in 2015
Biggest salary jump: from £30,000 to £60,000 in 2021
Biggest salary drop: £75,000 to £0 in 2022

Biggest negotiation regret: When you are in the earlier stages of your career and doing more entry level roles there is usually not much room to negotiate anything substantial but that being said it sucks to be paid less than your peers for the same job role. I was promoted with a pay rise from £24,000 to £30,000, only to realise that others in my team were actually on £35,000 for the same role. It was around the start of COVID so I felt lucky to still have a job and settled a bit too quickly. That bit extra would have made a real difference to me at the time. Also don’t under-estimate the wider package at the company. Many of my friends now in their 30s really value decent pension contributions when at 22 we definitely weren’t considering these things properly.

Best salary advice: Treat yourself like a business. Approach any salary or progression conversation armed with data about your performance. If you have regular one-to-ones with your manager try and keep a structure around the conversation and where you can document outcomes. Keeps accountability between you both and it should be clear where and what the next promotion is. Look at the same role in the industry and do some benchmarking against that.

Something that is becoming more and more common are businesses valuing their employees being an extension of their own brand through social media content. Particularly in start-up tech, media and marketing you see a lot of people doing “employee generated content”. It really helps develop your own network and personal brand which can do a lot of heavy lifting for you when looking to move jobs or demonstrate the added value you can bring to your current role. Your career requires strategy and long term planning and I firmly believe the future of work will mean that those with personal brands have more of an edge when it comes to formal discussions around pay, progress and opportunities.