Should I take a pay cut?

Hi,

I really need some advice for a major career decision.

I'm 36, really feel that I need to make a breakthrough in my career.

I currently work at a start-up, doing product management. My title is director, but I don't manage anyone. In my previous job, I managed a team of 6 people.

My current job is dead end in many ways.

I just got a job offer with P&L responsibilities to manage a product line. I'll manage 4 people. It all sounds good. However, the base salary comes in $10 below my current pay. And the over compensation (base, bonus, and stocks) is at least $25K below market rate (based on payscale.com).

This company is a public company, has struggled for years, but it's starting to get better in the past year or so. It's in a good market niche.

Should I take this job? I have never been someone who work for money only. But, as the only bread earner in the family, I'm getting a lot of pressure from my wife to make more money ...

Any feedback would be appreciated!