Previously, we discussed the Federal Trade Commission’s desire to eliminate most noncompete agreements. One common use of noncompetes is for the protection of trade secrets. If the FTC eliminates noncompetes, a possible substitute that can help protect your trade secrets can be a non-disclosure agreement. A non-disclosure agreement requires the signer to agree not to share the trade secrets ...
The Federal Trade Commission wishes to eliminate most noncompete agreements, causing concern in the business community. If I sell you my business, it would be foolish for you to allow me to start a competing business across the street. A noncompete can be a reasonable solution. But some companies force employees to sign restrictive noncompetes that jeopardizes their employee’s ...
According to the Wall Street Journal, Graza, a startup that sells squeezable bottles of olive oil, recently had a packaging and delivery problem that negatively impacted thousands of customers. The CEO, Andrew Benin, did not hire a consultant, instead he drafted a raw apology email to 35,000 customers. The key to his apology was that he personally and sincerely ...
While doing research on “Servant Leadership,” I stumbled across a quote credited to a seminary professor named, J. Carla Northcutt. She stated, “The goal of many leaders is to get people to think more highly of the leader. The goal of a great leader is to help people to think more highly of themselves.” The Apostle Paul understood this ...
A challenge in counseling a troubled business is to recognize the gap between theory and reality. It’s one thing to develop an aggressive action plan. It’s another to confront past due creditors and frightened employees. It takes courage to communicate pay cuts to employees. It takes compassion to recognize the impact your decisions will have on those employees, and ...
In this series, we’re discussing different approaches to leading a company through a recession. Many financially driven leaders will jeopardize their supplier relationships during a recession. The financially driven sometimes start demanding price concessions and begin paying their vendors much slower. A visionary may take a longer-term view. By offering to pay your vendors early, or at least ...
In this series, we’re discussing different approaches to leading a company through a recession. Visionaries often differ from the financially driven in that they view a recession as a time to expand market share. If your company has the strength financially, recessions can be a great time to expand. While Blockbuster Video stores still dominated the video market, ...
If you’ve ever been hurt or disrespected by a peer at work, your feelings can be deeply hurt. Out of this hurt, many people seek revenge. A different approach is how David handled Saul’s attacks. Even though David had been a faithful servant to Saul, Saul became jealous and continually worked to kill David. David eventually found Saul unprotected. Rather ...
A friend of mine is a Dean of a business school. Recently, he shared with me that one of his more common problems with freshmen students is plagiarism. When he asks his students to write an essay, it’s become common for some of them to turn in a paper that was produced for them online. What troubles my friend the ...
Previously, we discussed the Federal Trade Commission’s desire to eliminate most noncompete agreements. There are usually two primary reasons for noncompete agreements: protecting customers and/or protecting trade secrets. To protect the loss of customers, you might use a non-solicitation agreement instead of a noncompete agreement. Non-solicitation agreements prevent former employees from pursuing your customers after they have left your employment. ...
Equipping Others to Do Work Differently
