{"id":934,"date":"2013-03-22T15:21:57","date_gmt":"2013-03-22T20:21:57","guid":{"rendered":"http:\/\/sanfordrose.wpengine.com\/kempfgroup\/?p=934"},"modified":"2013-03-22T15:21:57","modified_gmt":"2013-03-22T20:21:57","slug":"should-you-do-business-with-an-ex-employee-featuring-jack-smith-president-of-sanford-rose-associates-milwaukee","status":"publish","type":"post","link":"https:\/\/sanfordrose.com\/kempfgroup\/should-you-do-business-with-an-ex-employee-featuring-jack-smith-president-of-sanford-rose-associates-milwaukee\/","title":{"rendered":"Should You Do Business With an Ex-Employee? \u2013 Featuring Jack Smith, President of Sanford Rose Associates\u00ae \u2013 Milwaukee"},"content":{"rendered":"

By Mark Henricks – Published on American Express – Open Forum,<\/p>\n

After news anchor Soledad O\u2019Brien leaves CNN, she\u2019ll start doing business with her former employer as head of a new production company supplying documentaries to the news channel. That will let O\u2019Brien pursue her entrepreneurial visions, while the broadcasting company can keep her familiar face on its shows. It\u2019s an approach all business owners would be well-advised to use.<\/p>\n

\u201cActually, working for a former employer is an absolutely typical path to entrepreneurship, and the employer is often delighted that it worked out that way,\u201d says\u00a0Rita Gunther McGrath<\/a>, a Columbia Business School management professor and author of the upcoming book,\u00a0The End of Competitive Advantage: How to Keep Your Strategy Moving as Fast As Your Business.
\n<\/em><\/p>\n

Ex-employees who become entrepreneurial suppliers\u2014or \u201cextropreneurs\u201d\u2014can offer advantages for both sides. \u201cFormer employees are a good bet as they can often be trusted and know the company well, so it can work out as a win-win for all,\u201d McGrath says. Companies often find it\u2019s cheaper and simpler to contract former employees to do work that the same employees had done in-house, she adds.<\/p>\n

It\u2019s also very common. To begin with, experience gained working for someone else is by far the most typical source of an idea for a new business.<\/p>\n

Sourcing an Idea<\/strong><\/p>\n

When researcher Amar Bhide, now a professor at Tufts University, surveyed fast-growing firms for his book,\u00a0The Origin and Evolution of New Businesses<\/a><\/em>, he found 71 percent were started by founders who \u201creplicated or modified an idea encountered through previous employment.\u201d<\/p>\n

The next most common method for identifying a winning business idea was \u201cserendipitously,\u201d according to Bhide. Just 4 percent of the founders he talked to used a systematic search to identify a new business opportunity.<\/p>\n

This finding is particularly relevant to small-business owners, because entrepreneurs are much more likely to have worked at small companies than large ones before venturing out on their own.<\/p>\n

Trying to understand this phenomenon, researcher\u00a0Simon C. Parker of the University of Western Ontario<\/a>\u00a0examined the possibilities in 2009. He found that the most likely explanation is that future entrepreneurs simply prefer to work in small organizations.<\/p>\n

Jack Smith has experienced the extropreneur phenomenon from several angles. As a corporate employee with a large manufacturing firm, he initiated an in-house environmental remediation service that eventually spun off with him as the head. After that company was sold to another firm, he returned to the corporate world.<\/p>\n

As a corporate human resources executive, Smith had one of his employees express a desire to start his own company. Smith not only encouraged him, he became a customer. \u201cWhen he got set up and his partners were ready, I invited him back as a supplier,\u201d Smith says.<\/p>\n

Eventually, Smith himself left his job to start his own business. At\u00a0Sanford Rose Associates<\/a>, the five-person-retained search firm he runs in Milwaukee, Smith says it\u2019s common for employees to get some experience and then leave to start their own firms. He\u2019s fine with that, up to a point. \u201cAs long as they\u2019re not taking my customers away, if somebody working for me wanted to launch something, I would facilitate that,\u201d he says.
\nRead the full story here<\/a>.<\/p>\n

Source –\u00a0http:\/\/www.openforum.com\/articles\/when-employees-become-extropreneurs\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By Mark Henricks – Published on American Express – Open Forum, After news anchor Soledad O\u2019Brien leaves CNN, she\u2019ll start doing business with her former employer as head of a new production company supplying documentaries to the news channel. That will let O\u2019Brien pursue her entrepreneurial visions, while the broadcasting company can keep her familiar face on its shows. It\u2019s an approach all business owners would be well-advised to use. \u201cActually, working for a former employer is an absolutely typical path to entrepreneurship, and the employer is often delighted that it worked out that way,\u201d says\u00a0Rita Gunther McGrath, a Columbia Business School management professor and author of the upcoming book,\u00a0The End of Competitive Advantage: How to Keep Your Strategy Moving as Fast As Your Business. Ex-employees who become entrepreneurial suppliers\u2014or \u201cextropreneurs\u201d\u2014can offer advantages for both sides. \u201cFormer employees are a good bet as they can often be trusted and know the company well, so it can work out as a win-win for all,\u201d McGrath says. Companies often find it\u2019s cheaper and simpler to contract former employees to do work that the same employees had done in-house, she adds. It\u2019s also very common. To begin with, experience gained working for someone else is by far the most typical source of an idea for a new business. Sourcing an Idea When researcher Amar Bhide, now a professor at Tufts University, surveyed fast-growing firms for his book,\u00a0The Origin and Evolution of New Businesses, he found 71 percent were started by founders who \u201creplicated or modified an idea encountered through previous employment.\u201d The next most common method for identifying a winning business idea was \u201cserendipitously,\u201d according to Bhide. Just 4 percent of the founders he talked to used a systematic search to identify a new business opportunity. This finding is particularly relevant to small-business owners, because entrepreneurs are much more likely to have worked at small companies than large ones before venturing out on their own. Trying to understand this phenomenon, researcher\u00a0Simon C. Parker of the University of Western Ontario\u00a0examined the possibilities in 2009. He found that the most likely explanation is that future entrepreneurs simply prefer to work in small organizations. Jack Smith has experienced the extropreneur phenomenon from several angles. As a corporate employee with a large manufacturing firm, he initiated an in-house environmental remediation service that eventually spun off with him as the head. After that company was sold to another firm, he returned to the corporate world. As a corporate human resources executive, Smith had one of his employees express a desire to start his own company. Smith not only encouraged him, he became a customer. \u201cWhen he got set up and his partners were ready, I invited him back as a supplier,\u201d Smith says. Eventually, Smith himself left his job to start his own business. At\u00a0Sanford Rose Associates, the five-person-retained search firm he runs in Milwaukee, Smith says it\u2019s common for employees to get some experience and then leave to start their own firms. He\u2019s fine with that, up to a point. \u201cAs long as they\u2019re not taking my customers away, if somebody working for me wanted to launch something, I would facilitate that,\u201d he says. Read the full story here. Source –\u00a0http:\/\/www.openforum.com\/articles\/when-employees-become-extropreneurs\/<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[93,4,105,110,106,30,124],"class_list":["post-934","post","type-post","status-publish","format-standard","hentry","category-sra-news","tag-career-opportunities","tag-human-resource-tips","tag-jack-smith","tag-jack-smith-president-of-sanford-rose-associates-milwaukee","tag-president-of-sanford-rose-associates-milwaukee","tag-retained-executive-search","tag-working-for-a-former-employer"],"yoast_head":"\nShould You Do Business With Ex-Employee?<\/title>\n<meta name=\"description\" content=\"Should You Do Business With Ex-Employee? Work for a Former Employer\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sanfordrose.com\/kempfgroup\/should-you-do-business-with-an-ex-employee-featuring-jack-smith-president-of-sanford-rose-associates-milwaukee\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Darren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/sanfordrose.com\\\/kempfgroup\\\/should-you-do-business-with-an-ex-employee-featuring-jack-smith-president-of-sanford-rose-associates-milwaukee\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/sanfordrose.com\\\/kempfgroup\\\/should-you-do-business-with-an-ex-employee-featuring-jack-smith-president-of-sanford-rose-associates-milwaukee\\\/\"},\"author\":{\"name\":\"Darren\",\"@id\":\"https:\\\/\\\/sanfordrose.com\\\/kempfgroup\\\/#\\\/schema\\\/person\\\/3a19b159d1fd2376d2dab6bea24e5a7d\"},\"headline\":\"Should You Do Business With an Ex-Employee? \u2013 Featuring Jack Smith, President of Sanford Rose Associates\u00ae \u2013 Milwaukee\",\"datePublished\":\"2013-03-22T20:21:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/sanfordrose.com\\\/kempfgroup\\\/should-you-do-business-with-an-ex-employee-featuring-jack-smith-president-of-sanford-rose-associates-milwaukee\\\/\"},\"wordCount\":570,\"commentCount\":0,\"keywords\":[\"career opportunities\",\"human resource tips\",\"Jack Smith\",\"Jack Smith - President of Sanford Rose Associates\u00ae - Milwaukee\",\"President of Sanford Rose Associates\u00ae - Milwaukee\",\"retained executive search\",\"working for a former employer\"],\"articleSection\":[\"SRA News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/sanfordrose.com\\\/kempfgroup\\\/should-you-do-business-with-an-ex-employee-featuring-jack-smith-president-of-sanford-rose-associates-milwaukee\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/sanfordrose.com\\\/kempfgroup\\\/should-you-do-business-with-an-ex-employee-featuring-jack-smith-president-of-sanford-rose-associates-milwaukee\\\/\",\"url\":\"https:\\\/\\\/sanfordrose.com\\\/kempfgroup\\\/should-you-do-business-with-an-ex-employee-featuring-jack-smith-president-of-sanford-rose-associates-milwaukee\\\/\",\"name\":\"Should You Do Business With Ex-Employee?\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/sanfordrose.com\\\/kempfgroup\\\/#website\"},\"datePublished\":\"2013-03-22T20:21:57+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/sanfordrose.com\\\/kempfgroup\\\/#\\\/schema\\\/person\\\/3a19b159d1fd2376d2dab6bea24e5a7d\"},\"description\":\"Should You Do Business With Ex-Employee? Work for a Former Employer\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/sanfordrose.com\\\/kempfgroup\\\/should-you-do-business-with-an-ex-employee-featuring-jack-smith-president-of-sanford-rose-associates-milwaukee\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/sanfordrose.com\\\/kempfgroup\\\/should-you-do-business-with-an-ex-employee-featuring-jack-smith-president-of-sanford-rose-associates-milwaukee\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/sanfordrose.com\\\/kempfgroup\\\/should-you-do-business-with-an-ex-employee-featuring-jack-smith-president-of-sanford-rose-associates-milwaukee\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/sanfordrose.com\\\/kempfgroup\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Should You Do Business With an Ex-Employee? \u2013 Featuring Jack Smith, President of Sanford Rose Associates\u00ae \u2013 Milwaukee\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/sanfordrose.com\\\/kempfgroup\\\/#website\",\"url\":\"https:\\\/\\\/sanfordrose.com\\\/kempfgroup\\\/\",\"name\":\"Sanford Rose Associates\u00ae - Kempf Group\",\"description\":\"Finding People Who Make a Difference\u00ae\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/sanfordrose.com\\\/kempfgroup\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/sanfordrose.com\\\/kempfgroup\\\/#\\\/schema\\\/person\\\/3a19b159d1fd2376d2dab6bea24e5a7d\",\"name\":\"Darren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0f7c564577ea40fe43cd9dbc567067e10fa638db42eb7b7e8148aec82394349?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0f7c564577ea40fe43cd9dbc567067e10fa638db42eb7b7e8148aec82394349?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0f7c564577ea40fe43cd9dbc567067e10fa638db42eb7b7e8148aec82394349?s=96&d=mm&r=g\",\"caption\":\"Darren\"},\"description\":\"Sanford Rose Associates: Finding People Who Make a Difference\u00ae The Sanford Rose Associates\u00ae Executive Search Network is comprised of independently-owned firms who are committed to \u201cfinding people who make a difference\u00ae\u201d. Executive Search Review has recognized the totality of the Sanford Rose Associates network as being one of the Top 10 Search Firms in North America. Sanford Rose Associates network has 100+ offices worldwide.\",\"url\":\"https:\\\/\\\/sanfordrose.com\\\/kempfgroup\\\/author\\\/darren\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Should You Do Business With Ex-Employee?","description":"Should You Do Business With Ex-Employee? Work for a Former Employer","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/sanfordrose.com\/kempfgroup\/should-you-do-business-with-an-ex-employee-featuring-jack-smith-president-of-sanford-rose-associates-milwaukee\/","twitter_misc":{"Written by":"Darren","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/sanfordrose.com\/kempfgroup\/should-you-do-business-with-an-ex-employee-featuring-jack-smith-president-of-sanford-rose-associates-milwaukee\/#article","isPartOf":{"@id":"https:\/\/sanfordrose.com\/kempfgroup\/should-you-do-business-with-an-ex-employee-featuring-jack-smith-president-of-sanford-rose-associates-milwaukee\/"},"author":{"name":"Darren","@id":"https:\/\/sanfordrose.com\/kempfgroup\/#\/schema\/person\/3a19b159d1fd2376d2dab6bea24e5a7d"},"headline":"Should You Do Business With an Ex-Employee? \u2013 Featuring Jack Smith, President of Sanford Rose Associates\u00ae \u2013 Milwaukee","datePublished":"2013-03-22T20:21:57+00:00","mainEntityOfPage":{"@id":"https:\/\/sanfordrose.com\/kempfgroup\/should-you-do-business-with-an-ex-employee-featuring-jack-smith-president-of-sanford-rose-associates-milwaukee\/"},"wordCount":570,"commentCount":0,"keywords":["career opportunities","human resource tips","Jack Smith","Jack Smith - President of Sanford Rose Associates\u00ae - Milwaukee","President of Sanford Rose Associates\u00ae - Milwaukee","retained executive search","working for a former employer"],"articleSection":["SRA News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/sanfordrose.com\/kempfgroup\/should-you-do-business-with-an-ex-employee-featuring-jack-smith-president-of-sanford-rose-associates-milwaukee\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/sanfordrose.com\/kempfgroup\/should-you-do-business-with-an-ex-employee-featuring-jack-smith-president-of-sanford-rose-associates-milwaukee\/","url":"https:\/\/sanfordrose.com\/kempfgroup\/should-you-do-business-with-an-ex-employee-featuring-jack-smith-president-of-sanford-rose-associates-milwaukee\/","name":"Should You Do Business With Ex-Employee?","isPartOf":{"@id":"https:\/\/sanfordrose.com\/kempfgroup\/#website"},"datePublished":"2013-03-22T20:21:57+00:00","author":{"@id":"https:\/\/sanfordrose.com\/kempfgroup\/#\/schema\/person\/3a19b159d1fd2376d2dab6bea24e5a7d"},"description":"Should You Do Business With Ex-Employee? Work for a Former Employer","breadcrumb":{"@id":"https:\/\/sanfordrose.com\/kempfgroup\/should-you-do-business-with-an-ex-employee-featuring-jack-smith-president-of-sanford-rose-associates-milwaukee\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/sanfordrose.com\/kempfgroup\/should-you-do-business-with-an-ex-employee-featuring-jack-smith-president-of-sanford-rose-associates-milwaukee\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/sanfordrose.com\/kempfgroup\/should-you-do-business-with-an-ex-employee-featuring-jack-smith-president-of-sanford-rose-associates-milwaukee\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/sanfordrose.com\/kempfgroup\/"},{"@type":"ListItem","position":2,"name":"Should You Do Business With an Ex-Employee? \u2013 Featuring Jack Smith, President of Sanford Rose Associates\u00ae \u2013 Milwaukee"}]},{"@type":"WebSite","@id":"https:\/\/sanfordrose.com\/kempfgroup\/#website","url":"https:\/\/sanfordrose.com\/kempfgroup\/","name":"Sanford Rose Associates\u00ae - Kempf Group","description":"Finding People Who Make a Difference\u00ae","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/sanfordrose.com\/kempfgroup\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/sanfordrose.com\/kempfgroup\/#\/schema\/person\/3a19b159d1fd2376d2dab6bea24e5a7d","name":"Darren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0f7c564577ea40fe43cd9dbc567067e10fa638db42eb7b7e8148aec82394349?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0f7c564577ea40fe43cd9dbc567067e10fa638db42eb7b7e8148aec82394349?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0f7c564577ea40fe43cd9dbc567067e10fa638db42eb7b7e8148aec82394349?s=96&d=mm&r=g","caption":"Darren"},"description":"Sanford Rose Associates: Finding People Who Make a Difference\u00ae The Sanford Rose Associates\u00ae Executive Search Network is comprised of independently-owned firms who are committed to \u201cfinding people who make a difference\u00ae\u201d. Executive Search Review has recognized the totality of the Sanford Rose Associates network as being one of the Top 10 Search Firms in North America. Sanford Rose Associates network has 100+ offices worldwide.","url":"https:\/\/sanfordrose.com\/kempfgroup\/author\/darren\/"}]}},"_links":{"self":[{"href":"https:\/\/sanfordrose.com\/kempfgroup\/wp-json\/wp\/v2\/posts\/934","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sanfordrose.com\/kempfgroup\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sanfordrose.com\/kempfgroup\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sanfordrose.com\/kempfgroup\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/sanfordrose.com\/kempfgroup\/wp-json\/wp\/v2\/comments?post=934"}],"version-history":[{"count":0,"href":"https:\/\/sanfordrose.com\/kempfgroup\/wp-json\/wp\/v2\/posts\/934\/revisions"}],"wp:attachment":[{"href":"https:\/\/sanfordrose.com\/kempfgroup\/wp-json\/wp\/v2\/media?parent=934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sanfordrose.com\/kempfgroup\/wp-json\/wp\/v2\/categories?post=934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sanfordrose.com\/kempfgroup\/wp-json\/wp\/v2\/tags?post=934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}