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1099 business ideas
Posted on 9/25/22 at 12:39 pm
Posted on 9/25/22 at 12:39 pm
I’m currently employed as an insurance agent for a national broker and make very good money but layoffs have been a thing since the summer and chances are we’re going to see more in the coming months. Now, I’m confident that if I’m laid off, I’ll be released from the non-compete agreement that I signed but just in case I’m not, I’d like to start researching a few backup plans not related to insurance since it states I’m unable to work in literally any related field for one year after termination. I know, this site loves to tear non-competes apart but let’s assume it’s rock solid and I’m not released from it, causing me to stay away from my field for one year. What are some businesses I could start or things I could do that would be reliable income-producing ideas/businesses?
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Posted on 9/25/22 at 12:54 pm to TDsngumbo
I know you addressed it, but they can't say "you can't work here anymore, but you can't work anywhere else either"
Making more money and having ideas is always good, but we don't need to worry about "having to" because of your non-compete
Making more money and having ideas is always good, but we don't need to worry about "having to" because of your non-compete
Posted on 9/25/22 at 1:19 pm to Mingo Was His NameO
That’s what I’ve gathered by my research as well. It says that I can’t work in any related field in any area that they either do business in or have customers OR potential customers. Which in my case would be the entire United States of America 
. I lean towards it not being enforceable but I’m still trying to have my ducks in a row just in case. I’ll probably be contacting a good employment attorney soon.
. I lean towards it not being enforceable but I’m still trying to have my ducks in a row just in case. I’ll probably be contacting a good employment attorney soon.This post was edited on 9/25/22 at 1:20 pm
Posted on 9/25/22 at 1:27 pm to TDsngumbo
I know a dude that had a non compete and while working for his old employer he started his own business and started siphoning off clients. He did that for a year or so then stole a bunch more when they caught him. He didn't suffer any negative consequences from this...
Posted on 9/25/22 at 1:30 pm to TDsngumbo
quote:
That’s what I’ve gathered by my research as well. It says that I can’t work in any related field in any area that they either do business in or have customers OR potential customers. Which in my case would be the entire United States of America . I lean towards it not being enforceable but I’m still trying to have my ducks in a row just in case. I’ll probably be contacting a good employment attorney soon.
It's not enforceable, but even if it were I can't imagine a company laying off employees and then bringing legal action against them if they go get another job.
Again, it's always good to have other options, but you are wasting your time and money worrying about this
Posted on 9/25/22 at 3:57 pm to TDsngumbo
quote:
non compete....layoff
If fired without cause the non compete is useless.
Non competes are tough to enforce.
If laid off without cause, they can't do shite. You are free to earn a living.
Posted on 9/25/22 at 4:03 pm to TDsngumbo
It seems likely your best option is to get a job in a field where you have expertise and experience.
So why not investigate a competitor in a not quite next door location? If you live in a populous city a job on the other side of the city may not be directly competing.
Once you are laid off your negotiating power and perceived value both dramatically decrease
So why not investigate a competitor in a not quite next door location? If you live in a populous city a job on the other side of the city may not be directly competing.
Once you are laid off your negotiating power and perceived value both dramatically decrease
Posted on 9/25/22 at 4:05 pm to TDsngumbo
quote:
contacting employment lawyer
Don't waste time and money.
They can't lay you off and prohibit you from working elsewhere.
This post was edited on 9/25/22 at 4:06 pm
Posted on 9/25/22 at 4:52 pm to Privateer 2007
quote:
They can't lay you off and prohibit you from working elsewhere.
What about if I get fired? Because today's rumor is they're going to start firings instead of layoffs so that they don't have to pay as much severance. This rumor stems from the fact that they fired five people on Friday for this reason. I'm a top agent in the company so I doubt I'd be fired but you just never know. I assume if fired then I don't have a leg to stand on, correct?
This post was edited on 9/25/22 at 4:53 pm
Posted on 9/25/22 at 5:49 pm to TDsngumbo
So what does a state farm rep make? I know it can vary a good bit bit someone who does well like you?
Posted on 9/25/22 at 5:58 pm to GREENHEAD22
frick State Farm. I don’t work for them.
Posted on 9/25/22 at 6:24 pm to TDsngumbo
You said a national carrier so I just threw one out. Is it safe to assume you are with a similar company though with similar offerings?
I am not being a smart arse, genuinely interested. I am always evaluating backup plans like yourself.
I am not being a smart arse, genuinely interested. I am always evaluating backup plans like yourself.
Posted on 9/25/22 at 8:21 pm to TDsngumbo
quote:
what if get fired....firings instead of layoffs less severance
Just don't get fired for cause.
Severance is not ever required unless in a union contract or something.
Save emails.
Don't discuss shite on company channels like teams. Don't give them ammo to fire you for cause.
In Texas non competes are enforceable if they are deemed "reasonable" I think.
No court is going find it reasonable for your employer to fire you and then prohibit you from working elsewhere.
You aren't taking trade secrets to a competitor like a research scientist or something.
You literally have nothing to worry about on this front.
Posted on 9/25/22 at 8:41 pm to TDsngumbo
You should relocate and/or open up your own brokerage.
Insurance is recession proof.
Don’t change fields.
Insurance is recession proof.
Don’t change fields.
Posted on 9/25/22 at 8:45 pm to TDsngumbo
quote:Its definitely not enforceable if its as broad as you describe. My understanding is that Louisiana makes non-competes difficult to enforce unless its very specific as to covering a handful of parishes, certain number of mile radius, or pre-existing clients/prospects of the prior employer.
It says that I can’t work in any related field in any area that they either do business in or have customers OR potential customers. Which in my case would be the entire United States of America . I lean towards it not being enforceable
Just saying you can’t sell insurance in Louisiana for a year is not going to be enforceable at all
Posted on 9/25/22 at 9:43 pm to GREENHEAD22
Not a similar company.
Posted on 9/25/22 at 9:44 pm to Tiger Prawn
quote:
Louisiana makes non-competes difficult to enforce unless its very specific as to covering a handful of parishes, certain number of mile radius, or pre-existing clients/prospects of the prior employer.
Actually, a certain mile radius is 100% not enforceable.
In Louisiana, it has to state specifically parishes and/or municipalities for it to be enforceable. Mine just states “all counties in each state we do similar business in or have customers or potential customers in”. Not sure if “all counties” is going to fly in Louisiana because I think Louisiana requires the parishes to be specified. I’m not an attorney though, just going off of my google law school certificate
This post was edited on 9/25/22 at 9:47 pm
Posted on 9/25/22 at 10:25 pm to TDsngumbo
So not going to answer the question?
Posted on 9/25/22 at 10:27 pm to TDsngumbo
When we drafted ours, our attorney told us it has to state the specific jurisdiction (we went w cities) and the actual job function the employee would be precluded from performing. Can’t just say “if we do the work, you can’t seek employment doing it”, it has to be the exact work that you perform and the non-compete has to call it out. Makes it interesting when people get promotions
Posted on 9/25/22 at 11:07 pm to GREENHEAD22
No I’m not going to state on a public message board who my employer is.
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