My Business On Purpose

623: What Happens If We Build Process and An Employee Leaves To Start Their Own Business With It?

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Synopsis

We recently hosted an online Masterclass on how to build your entire business on one sheet of paper. Near the end of the Masterclass, a business owner lobbed this question into the chat window, “How do you ensure, your processes aren't stolen and replicated by employees who leave?” The short answer is, “you don’t.” Owning a business is risky, leading people is risky, serving customers and clients is risky, and bringing your product and service into an open market is risky. What are some things you can do to ensure that others don’t “steal” your proprietary process? First, legally it is always good to have each employee sign an employee agreement that has been drafted by a legal professional. Within that agreement, there can be language and clause that reflects the desire to maintain “trade secrets" and proprietary process.   Some would say that the agreement is as valuable as the paper it’s written on.  Maybe, however, you would rather have that signed in the rare case it would need to be referenced.   Second