How Ex-Employees get unfair with their Ex-bosses?

Posted by David T. Heal

July 17, 2008

Competing-Ex-Bosses Achieving a successful business by using or exposing confidential information, violating a non-compete agreement or defaming a former employer, is no big deal for the former employees nowadays. To start a business, usually people choose the same industry they have been associated with, during their 9 to 5 job as their experience and expertise can help them establish their new-fangled business.

However, the story does not end here. Laid-off workers, who start their own business, get into an unfair competition with their ex-employers using all the confidential information of their former employer’s business, that is not generally available to the public — like customer contacts, pricing etc.

Many reputable companies make their employees sign particular agreements informing them about their professional limits and letting them know that they cannot solicit business with any of the customers they worked with, formerly.

However, I guess those days are gone when an ex- employee tried to be loyal to his ex-boss, avoiding using all the secrets of the trade to make his venture a success. To win this race of “greed for more” we see number of people joining big companies to learn tricks of a trade and then getting into a competition with the same company.

If you ask me to give an honest verdict, I am not against opting for the same profession for your small business but misusing the confidential success secrets of your ex-employer, sounds unethical.

So, all the striving small business owners out there, do you think I have let you on a decent path of success?

Small Business Strategies