Keeping your valued employees....
Hi Duane!
You've got some interesting questions!
> 1) How would you stop your top employees
> from taking your idea/ideas and building a
> business of their own to compete with
> you?...
> 2) How would you get them to work for YOU as
> employees for the rest of their lives,
> without ever thinking of leaving?
> 3) Now here's the kicker, how do you do it
> without the Use of Contracts? and Have them
> be very happy to do it?
I would turn the questions around....
What would it take so that I wouldn't leave a business and compete?
I think for me, it would take:
1. A good work environment - one where I was respected and my input was appreciated
2. Good pay, and
3. Some kind of stock option or stock ownership plan - I'd like to be a part-owner of the business (even if my stake was small)....
I think it's impossible to stop everyone from necessarily leaving, but I think you could probably do quite a lot to keep your talent.... :)
> If you could please answer these questions
> and then I'll post my reply to your original
> post.
That's what I think, just off the cuff.... I'd love to hear what else you have to share! :)
- Dien Rice
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