Gary Johnson says his future as Yeovil manager depends on the board's ambition, following their relegation back to League One.
The 57-year-old has led the Glovers to three promotions over two spells, but failed to keep them in the Championship for a second season.
Johnson is under contract until 2015 and when asked about his future he told BBC Somerset: "We are discussing it.
"I just want to make sure there's a bigger future."
He added: "We've got an ambitious staff and we think we are good at what we do. As a management group, we need to find out where the club sees itself."
Johnson first arrived at Huish Park in 2001, when Yeovil were a non-league club, and took them up to League One before leaving to join Bristol City in 2005.
He returned to the Somerset club in 2012 - a move which saw them go from League One strugglers to last year's play-off winners.
The Glovers won their opening Championship match against Millwall in August but only managed a further seven wins across the season, and their relegation was confirmed after defeat by Brighton last week.
Johnson worked with one of the smallest budgets in the second tier and says the board must now add further investment to keep them as one of the top teams in League One.
"I had to ask a few questions as to where the club saw itself in the next few years," said Johnson, after his meeting with directors on Monday.
"I wanted to make sure that the club were thinking about getting back into the Championship, rather than languishing in League One and maybe even flirting with League Two.
"There were a lot of questions asked and I've got to wait for those answers.
"But it was a happy room and we're appreciative of what we've done for each other."