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 adviser 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 pure as snow.
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.
© Copyright 2008 Biz Guru Ltd
Lee Lister writes as The Biz Guru, for a number of web sites including http://www.startmynewbusiness.com where she provides advice and assistance for the new business entrepreneur as well as our Entrepreneur PowerPack.
With over 20 year's management and business consultancy experience with businesses large and small as well as being a serial entrepreneur, she now helps others set up, develop and market their businesses. If you require assistance in setting up your business and writing your business plan the visit http://www.BizGuru.us
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