Reply to What should I do to start a business in the same industry as my current employer?

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[quote=Anonymous]I work for a small, privately owned professional service company. Over the past 10 years, I have launched and successfully established a completely new business that did not previously exist. Today, this new business generates stable annual revenue and maintains the highest profit margin within the company.

For example, over the past five years, revenue from this new business has doubled but my annual salary has only increased by 10%. Considering inflation, this effectively amounts to a pay cut, and I am highly dissatisfied with my current compensation.

I have discussed this with the management several times, and they have mentioned the possibility of considering me as a partner. However, there has been no progress, and I am considering spinning off the new business and starting my own company. Are there any issues with this?

I signed a non-compete agreement when I joined the company. However, it is different from stealing the business that my current employer has built up. This is a business that I started and grew on my own.

What would you do in my situation?

Are there any conditions that would make it easier for my current employer to allow me to become independent? I would appreciate advice from those with similar experience.  Do I need a lawyer?[/quote]

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