If I work for a company who sells a product and I leave this company to start my own business?

Question

..selling the same product, can I contact the old clients? I did not sign any non-compete contract, in fact, all I have is a basic letter of appointment and been working here for 3 years

Answer 1

Well, it is an ethical question. Your clients may wish to continue doing business with the original company. It is very difficult to start out on your own doing it that way because it just looks bad. It's also not ever a good idea to burn any bridges with an employer because you never know when you might need a reference from them.

However, there are subtle ways to go about doing this and letting them come to you. Sometimes they get used to a specific PERSON, not necessarily the company. So, you may let them know you are moving on to pursue the dream of your own business, and they may come to you anyway. I would not go after them. Try to get some NEW business lined up and perhaps do this part-time as a start.

Answer 2

You could face legal issues, many companies will have a time period in which you cannot sell their products within a certain square milage. Basically, you are poaching their clients and because of this they are losing revenues.

Could you do it anyway? Sure. But if it is a larger company and they find out you could get sued, especially if you take any of their same business practices and apply them in your business. Put yourself in their shoes and think how you would feel if you had a great company and then an employee left and took with him all that you had created to steal clientel.

Check witht the company first, however, I also read that you did not sign anything so legally it looks like they would have no ground to stand on so in that case I would definately go for it if you think you can do much better.

Answer 3

i've got not heard of ISI the two. My suggestion is figuring out your strengths and your passions. as quickly as you detect them then start up your seek searching for something that parallels your character. If that's rings then seek for rings, if it a provider that provides reductions on ordinary purchases then seek for that, if wellbeing is important to you or those close to to then you definately seek for something in that field. maximum people who are not efficient in abode based companies have chosen products or centers that they don't look to be captivated with or that it does not in high-quality condition their character. that's important which you look at various issues related to agencies you align your self with. Do they take great element approximately human beings? Is their a brilliant variety of turnover in human beings with regard to the employer? How sturdy is their help? How sturdy is their repayment plan? Are they ethical? What differentiates them from somebody else? Are the products or centers as sturdy as they say they are? Do people who use the products or centers have authentic memories of the advantages? Is the services or products unique? those variety of issues could be considered. i've got been in touch with various distinctive agencies and function been upset once I've considered the employer for myself. i've got those days got here across 2 agencies that are unique, furnish super products and centers, and function super repayment plans. So save looking and ask around. in case you quite need to discover something you will. If i could properly be of furher assistance enable me understand.

Answer 4

check law in your country and locality

in some areas, this is called 'theft of business opportunity' and is a felony. companies don't bother with those cluases in an employment agreement in those areas since the criminal law is much more powerful.


I know this is true in Florida where I live now.


oh

Answer 5

It doesn't matter if you signed a non-compete or not. It's called tortious interference with a business relationship.

You also may find that the distributor will sue you for unauthorized product sales per his/her own contractural relationships.

Answer 6

I would say yes, if you did not sign an agreement. That company was dumb not to have you sign something! But you do have to think about ethics. It really is not ethical, unless they are your clients that you found.