moral dilemma!

smokeyjoey

justpaper wrote: »

so in a nut shell your saying you want to copy his biz and give what ever "xtras"

ok if your going to open it in the same area thats going to be some battle so u better have the ideas and cash flow to keep the bizz a float untill the storm has passed,.

at the end of the day its up to you to go for it or not,.

My view is ... you aint got the cash live hence u will be going to loan it off x y b, and ur worried about leaving a Job then going bust rather then worrying about ur boss bizz,.

Quite the opposite actually. I'm very conservative by nature and lucky to be in a field that pays top dollar, swhich has allowed me to build up a nest egg that could see me through years even if I didn't make a single penny and lost all the money I need to invest.

come on lets face it, if you morally didnt want to do it you wouldnt be asking about it,

Don't follow your logic at all here.

V_tricky

But what's to stop your current employer, with their established book of business seeing your start-up business and it's USP's and then just adding them to their own portfolio or services/products?



PS I don't have a moral stance on this at all

thriftymomma

I say go for it! Good luck with your venture.

toastking

Everyone thats saying go for it is possibly being a bit optimistic, and in the mind frame that anyone working for themselves gets control over their time, finances, working hours and life but its a tough old ride and I am only doing it on a very small scale whilst studying a Business and Management degree.

I would say get some advice from someone who either knows the market or knows what they are on about, someone with a bit of experience. I don't have too long experience with running my own business, (a website selling DVDs which I am developing) but I do know a lot of the theory and deal with people with far more experience than myself frequently and have picked up a few things so PM me if you think I might be able to help.

Bismarck

to reiterate a point from before.....if it's a niche market, there must be some barriers to entry or the goldmine would have been plundered. If it's profitable and a competitor can just set themselves up, why haven't they?

myrnahaz

I have to reiterate FGUK's comment - have you checked your employment contract? If your boss is as sharp as you suggest, he's likely to have included a restricting clause.
Whereas nobody can prevent you from setting up a busiess in your chosen trade (regardless of whether you'd be in competition), you might have signed an agreement preventing you from using his client list to poach his customers etc. These restricting covenants (covering enticement; solicitation; confidentiality & IPR) usually last for between 1 & 2 years after your leaving date.