426: Let's Talk About the FTC Non-Compete Ruling

Your Virtual Upline Podcast

Bob Heilig

Careers, Business, Education, Self-improvement

4.9 • 1.7K Ratings

🗓️ 7 May 2024

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

In case you haven’t heard, the FTC recently announced legislation banning non-compete agreements, essentially making it illegal for any company in the United States to have a non-compete on an employee or in our case, an independent contractor.

Today, I want to share my thoughts on this development, and more importantly, provide a warning and a word of caution because I know for a fact that the “vultures” are starting to circle.

So what does this all mean for you, your business, and the industry as a whole? Tune in to find out as I break it all down in this episode!

Listen to Learn

3:26 - My opinion on whether this new ruling from the FTC will be a good thing or not for our industry

5:34 - The two important clauses that are in most distributor agreements and are not covered in the FTC ruling, plus why this is important to be aware of

7:49 - Exciting details on our brand-new workshop, Transformed!

10:51 - Why I believe that this is a just rule, based on my past experiences and what I see in the industry

15:46 - What will never change for you, despite this ruling or any other ones that are introduced

Are you tired of all the transactional strategies being taught today? Check out our brand new program, Transformed! (and get it for less than $10 right now) at: https://yourvirtualupline.com/transformed

417: The Downside of Selling Products from Multiple Companies

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Transcript

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0:00.0	Hey Bob here and welcome back to the Your Virtual Upline Podcast where we give network marketers the mindset, strategies, and skills that
0:16.2	you need to build a business and life of your dreams.
0:20.9	Hey Bob here, welcome back to the show episode 426. Okay, so get comfortable, sit back and sit back and get your popcorn ready. Sit back and get your popcorn ready.
0:36.0	Because we are going to talk about something today
0:39.0	that I know people are going to have an opinion one way or the other.
0:43.8	Let's talk about the FTC non-compete ruling.
0:49.3	So if you haven't had a chance to hear yet,
0:51.3	just a week ago, the FTC announced some legislation banning
0:57.0	non-compete agreements. This is just in the US just so know. But so essentially what they're saying
1:03.8	is that it is now illegal for any company
1:07.0	to have a non-compete on an employee
1:09.6	or in our case an independent contractor.
1:12.4	And so non-compete, meaning that you are able to essentially move to another company or another business,
1:18.4	and your company can't place any restrictions on you.
1:21.6	And so I wanted to do an episode.
1:23.8	I thought it was important.
1:25.2	We've kind of been embracing some of these more difficult conversations,
1:28.2	and this is something that you can expect us to do pretty consistently
1:31.9	from this point forward.
1:33.4	But I felt like it would be important for me to do an episode
1:36.0	to share my perspective.
1:37.7	And listen, I'm not an attorney.
	...

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