Next week I have a meeting to negotiate a salary that I have no idea what could be. How would you approach this?
Some background: I am currently finishing my Ph.D, dissertation already submitted, just need to have the defense, which is already scheduled for next month. About a year ago, I was offered an opportunity to intern at a small company in the field of which I am obtaining my Ph.D. It was a dream opportunity because I have only had experience in the academic field (I have been a "professional student") for the past 6 years and I was extremely interested in obtaining experience in the private sector, both for professional growth and to see what sector I wanted to jumpstart the next step of my career in.
Long story short, this company offered me a full-time position of which I will start in a few weeks. It worked out great for me because I enjoy the work I do and I have decided that I prefer to be in the private sector for the time being. However, there has yet to be any discussion on the terms of what the contract that I will be offered entails. I have some numbers floating around in my head that are what I feel are appropriate for my title, skill sets and the position. However, I have been earning as an intern the past months, so very little, basically working for free, and I have no idea what kind of salary they are going to offer me.
I feel like it could go either way, 1. what I am looking for or 2. wayyy off base (meaning much lower than what I would like). If scenario #2 occurs, I am not sure how to approach the topic. I have never had to negotiate salary before and I don't want to come off sounding greedy or say something silly that later I might regret. The company is small (5 people), so I would be working on a daily basis very very closely with all of the members of the team (including the owners whom will be negotiating with me next week).
It is such a delicate topic and since I am really going into this meeting blind with what they are going to say, I am not sure how to prepare myself for it.
Has anyone else been in a similar situation? If so, what did you do or, if not, what would you do?
I need advice!