Entrepreneurs - Do You Disagree With Your Boss And Want To Start Out On Your Own?
Entrepreneurs - Do You Disagree With Your Boss And Want To Start Out On Your Own?
First things First
As the Biz Guru, I provide information on business matters so unfortunately cannot provide legal advice – sorry but I will help you from a business perspective. I suggest very strongly that you contact a legal advisor before your set up your new company – just so that you don’t get sued!
Secondly as the owner of the business, your boss is quite entitled to run their business as they seem fit, just as you are entitled to work for whom you wish to. That said, I can quite understand that it must be very frustrating to you and that, with all the ideas you have, that it would be a good idea for you to start your own business.
You have four things that you need to address:
* Setting up a competing business. You should look very closely at your contract of employment, many restrict you in setting up a competing business within a certain time period or geographical area. This is why the term “gardening leave” was invented. It means that you may have to spend some time gardening as opposed to working, whilst you adhere to your contract. You MUST take legal advice on this matter. It is hard enough to start a new business
* Taking existing clients with you. Again this may be against your contract. There are not many companies that will allow you to approach their clients with a view to taking them, whilst they are paying you to do so! Similarly many of the clients may be loyal to your employer and news of your exploits may get back to them, leaving you very quickly without employment. Lastly is poaching clients – the kind of message you want to give to future clients?
* Taking other staff with you. Again this may be against your contract and is actually illegal in some countries. Never build your businesses on a promise that other staff will join you. A start up business cannot offer the same security and salary that they currently have – this matters to many people.
* Business ethics. You don’t state what business or country you are in, but your potential customers will want to view your new business as being honest and reliable – so keep your ethics as white as white.
My suggestions to you are that you stop offering advice – instead spend the time designing your own business, learning from the mistakes that your current boss is making. Learn as much as you can about the business, where you can make improvements and what you can do that your potential customers will really want.
Then and only then, make your move, leave your job and set up your new business as you are legally able to do. Your current work friends will follow you if they feel that you are onto a good thing.
The best result you can have is to make a success where your former boss has failed.
Entrepreneurs Do You Disagree With Your Boss And Want To Start Out On Your Own - To learn more about this author, visit Lee Lister's Website.
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Do you have a problem with your existing boss and think that they will not listen? Have you made numerous, time tested, industry accepted suggestions, but cannot seem to get this person to make changes that would benefit the company? So do you want to distance yourself from this company and do it yourself? Set your own company up and do things your way? Here’s a few suggestions for you.
First things First
As the Biz Guru, I provide information on business matters so unfortunately cannot provide legal advice – sorry but I will help you from a business perspective. I suggest very strongly that you contact a legal advisor before your set up your new company – just so that you don’t get sued!
Secondly as the owner of the business, your boss is quite entitled to run their business as they seem fit, just as you are entitled to work for whom you wish to. That said, I can quite understand that it must be very frustrating to you and that, with all the ideas you have, that it would be a good idea for you to start your own business.
You have four things that you need to address:
* Setting up a competing business. You should look very closely at your contract of employment, many restrict you in setting up a competing business within a certain time period or geographical area. This is why the term “gardening leave” was invented. It means that you may have to spend some time gardening as opposed to working, whilst you adhere to your contract. You MUST take legal advice on this matter. It is hard enough to start a new business
* Taking existing clients with you. Again this may be against your contract. There are not many companies that will allow you to approach their clients with a view to taking them, whilst they are paying you to do so! Similarly many of the clients may be loyal to your employer and news of your exploits may get back to them, leaving you very quickly without employment. Lastly is poaching clients – the kind of message you want to give to future clients?
* Taking other staff with you. Again this may be against your contract and is actually illegal in some countries. Never build your businesses on a promise that other staff will join you. A start up business cannot offer the same security and salary that they currently have – this matters to many people.
* Business ethics. You don’t state what business or country you are in, but your potential customers will want to view your new business as being honest and reliable – so keep your ethics as white as white.
My suggestions to you are that you stop offering advice – instead spend the time designing your own business, learning from the mistakes that your current boss is making. Learn as much as you can about the business, where you can make improvements and what you can do that your potential customers will really want.
Then and only then, make your move, leave your job and set up your new business as you are legally able to do. Your current work friends will follow you if they feel that you are onto a good thing.
The best result you can have is to make a success where your former boss has failed.
Entrepreneurs Do You Disagree With Your Boss And Want To Start Out On Your Own - To learn more about this author, visit Lee Lister's Website.
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Kim CastleWith nearly two decades in the advertising and design business, with clients like Domino's Pizza, General Motors, Direct TV, Pedigree, Wolfgang Puck, Higher Octave Music, Hollywood Celebrity Products, Disney, and Paramount, as well as thousands of entrepreneurs around the world define, structure, communicate, and position their business for greater profits, BrandU(R) co-creators Kim Castle and W. Vito Montone discovered that entrepreneurs could experience the same power that big brands command for a fraction of the cost with the world's only process-based results-drive Integral approach to business creation. BrandU(R) is helping entrepreneurs grow with the power of extreme clarity from idea...to brand...to market(TM) and helping one million entrepreneurs become successful and whole so that they can make a difference in the world. Are you one of them? If you want to experience clarity all the way to the bank(TM), get started now at http://www.brandu.com. - Visit Kim Castle's Website |
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Staging DivaDebra Gould, aka The Staging Diva®, is President of Six Elements Inc., an internationally recognized home staging company. Inspired by many requests from aspiring home stagers wanting to start similar businesses, Gould created the Staging Diva Home Staging Business Training Program. Gould has trained over 1000 Staging Diva Graduates worldwide to start staging businesses. Buying decorating and selling six of her own homes in four years lead to an interest in real estate staging which she turned into a career with the launch of sixelements.com in 2002. Since then she has staged hundreds of homes in addition to teaching home staging training. Gould is the author of several home staging resources including a series of popular ebooks made up of a Design Guide, Color Guide and Portfolio Guide. For more information about Debra Gould visit stagingdiva.com. - Visit Staging Diva's Website |
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Joe DagerJoe Dager is President of Business901, a progressive coaching company providing no-nonsense direction in areas such as Lean Six Sigma Marketing and organized referral marketing. What others say: In the past 20 years, Joe and I have collaborated on many difficult issues. Joe’s ability to combine his expertise with “out of the box” thinking is unsurpassed. He has always delivered quickly, cost effectively and with ingenuity. A brilliant mind that is always a pleasure to work with.” - James R. If you want to learn more about Business901, start a conversation with us. We can be found @ Web/Blog: Business901.com Web/Blog: FundingYourNonprofit.com LinkedIn Profile Follow me on Twitter - Visit Joe Dager's Website |
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Jeff FosterWebBizIdeas.com is a Minneapolis website design company founded to help people start an internet business by providing them with website, business, and internet resources that help foster the growth of successful online businesses and develop innovative Internet business ideas. We specialize in internet consulting & internet marketing. - Visit Jeff Foster's Website |
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Linda RichardsonLinda Richardson is the Founder and Executive Chairwoman of Richardson, a global sales training and performance improvement company. As a recognized leader in the industry, she has won the coveted Stevie Award for Lifetime Achievement in Sales Excellence and she was identified by Training Industry, Inc. as one of the “Top 20 Most Influential Training Professionals.” Ms. Richardson is credited with the movement to Consultative Selling and is the author of ten books on selling and sales management, including Sales Coaching — Making the Great Leap from Sales Manager to Sales Coach, and Stop Telling, Start Selling. She teaches sales and management at the Wharton Graduate School of the University of Pennsylvania and the Wharton Executive Development Center. Linda is a frequent speaker at industry and client conferences, has been published extensively in industry and training journals, and has been featured in numerous publications, including The Wall Street Journal, Forbes, Nation’s Business, Selling Power, Success, and The Conference Board Magazine. Learn more about Richardson's sales training and performance improvement solutions at http://www.richardson.com web - Visit Linda Richardson's Website |
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Stephanie RobeyStephanie Robey is President and CoFounder of Pivot Positive, LLC - an Internet marketing business focused on helping people start work at home ventures. Previously, she was employed at The Search Agency with over 20 years experience in graphic design and 10 years experience in online marketing. She was responsible for launching the Conversion Path Optimization (CPO) unit where she and her team have conducted hundreds of optimization tests for online companies across multiple verticals. She is a successful entrepreneur having started and sold 2 companies and remains on the board of directors of the third, PhotoSpin.com Stephanie began her career in the direct marketing realm creating and producing direct mail for many of the major cable television companies and directly attributes her understanding of Internet marketing to those early offline experiences. Stephanie is a graduate of San Diego State University with a BFA in Graphic Arts and also holds an Executive MBA from the Graziadio School of Business and Management at Pepperdine University. Read Steph's Blog Meet Steph and Dave Sign up for our Free 7-Day BootCamp: Self Employed & Rich - Visit Stephanie Robey's Website |
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