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Today, I got an interesting question. How do you deal with conflict of interest with team members from your team, from your company have gone out there and kind of started their own ventures. If you don’t know me, my name is Dan Lok. We have generated over a hundred million in coaching and digital course sales in the last couple of years alone. During that time we have hired and fired hundreds of people. So throughout this process, what I’ve learned is this. I used to get pissed off and frustrated when my employees or my team members, you know, went out there and started their own ventures and felt like they are betraying me. How could they do this? How come they’re not loyal and things like that. I used to have this kind of concept. Now, after now we have hired and fired so many people and all, sometimes they just quit.
Here’s what I’ve learned. You should not look at your business as a manufacturer. This is not the industrial age. This is not like, Hey, you know, come work for my company and you are gonna be here until you’re 65. And then you’ll retire well with the internet, with social media, with technology, you are lucky. You are very lucky. If you have someone staying with you more than three years, because things change. I mean, people’s career people’s needs. They change. So I don’t look at it as, Hey, if you’re here, you should be here forever. Instead, the way I look at it today, instead of how I looked at it from the past is my company. I want my company to be a training ground, to be a stepping stone. What are goals that they have? Right? If they coming into my company, I want them to grow.
I want my team to grow. I want their skills to grow. So while they’re here, it could be one year. It could be six months. It could be two years. It could be five years. It doesn’t matter. You shouldn’t be attached. I’m not attached, but when they are here, they are developing their characters. They’re developing their skills while they are here. And we are building something, we are growing the companies. That’s good. We’ve gone through ups and downs, but nothing losses forever, no relationship lasts forever. Eventually they will leave. But what we want to do is, you know, they leave gracefully, right? They transition well. And while they here, they can look back and say, Hey, while I’m here, I have learned a lot. I’ve grown a lot as a human being. That’s how I see it. So I no longer get pissed off or anything like that.
Now, of course, while they are here, before they start working, you should sign an agreement with them. Basically. It’s if it’s non-compete or making sure everything is confidential, they don’t share information without permission, things like that. I mean, that’s a very common, uh, employee agreement. We want that. In fact, I just met one of my ex-employee, who I fired a few weeks ago. His name is Hasan. I haven’t seen him in, in a few years. And when he was working with me, he was a young guy, you know, like young, young, young, right below 20 years old. And now he has grown he’s mature. He started his own agency working on some big projects. I’m very, very happy for him. And we talked. And so those team members, I’m very proud of. They’ve gone of there and built something on their own. They have matured.
So those, we, we keep a good relationship. Of course, I also have some team members who didn’t leave gracefully, right? They left, they, they stole my customers, right? They talk shit about me and all that stuff. Don’t focus on those people. You always have some of those bad apples. Don’t worry about those. You focus on your mission and you focus on making your company as a way to nurture and grow people. This is the training ground. So when someone comes in, maybe they’re here for one year. Maybe they’re here for two years. Maybe they here for three years or five years. It doesn’t matter. You want this period of time for you and for them as well, looking back and say, Hey, this period of time that I have worked for you for your company, for this person. And they would say, I’m very proud of that, that I have grown. I think if you have done that, you are a good CEO. You are a good leader until then go high ticket.