It seems like an obvious thing to do. You spend time with a company – as a manager perhaps, or a technician – and when the time comes to go it alone and start a business, you set out your stall in the same sector.
There are several advantages to leaving a big company and launching a business that might ultimately become a competitor. You know the industry and you’re up speed with how things are done. And perhaps you have also identified the practices that can be improved. Equally – and this is not something your former bosses will be overly keen on – you may well have some handy customer contacts.
But starting up in the same sector can also be tough, particularly if you have been working for a business is that produces iconic products that