Carl-Gould-#70secondCEO-The Issues that Happen When a Non Compete is Not Present

Carl Gould #70secondCEO

The Issues that Happen When a Non Compete is Not Present

Hi everyone, Carl Gould here with your #70secondCEO. Just a little over a one minute investment every day for a lifetime of results.

So it'll come from two places. One, and one thing we haven't talked about yet, is what this will do to the franchising industry as well because this will be very, very destructive there as well. But this comes from the person who signed the non-compete, now wants to leave, now wants to either stay within geography to work with a competitor, or work with a competitor outside that geography and is not able to do so and is complaining now. That's where this is coming from.

So it's not for the person who's trying to protect their intellectual property or their business. It's from the person who wants to move from that. So the complaints have come from franchisees who want to break their franchise agreement and go, you know, rip the word McDonald's off the side and put Bob's Burgers on the side, you know, right? Okay.

Or they own a Subway and now they're going to go into WaySub and, you know, the next day, right? Or there's somebody who left the business, wants to work for the competitor down the road, and can't do it, and so now they're complaining. And it's sheer numbers, Paul. 1 out of 15 people's a business owner.

14 out of 15 are not. So if you are in a position where you need votes and you get rid of non-competes, you're going to make 14 out of 15 happy. However, what you'll do is you'll cripple industries and you will, this will really be detrimental to their ability to do business.

Like and follow this podcast so you can learn more. My name is Carl Gould and this has been your #70secondCEO