I Want a Business Opportunity
From Franchising.com:
Business Opportunity!! The words practically leap from the pages–whether in well-known national business publications such as the Wall Street Journal or Entrepreneur magazine, or in the classifieds flooding the back of the smallest daily and weekly newspapers in every city and town in the world. But what exactly is a business opportunity?
Let’s start with what a business opportunity is NOT. In the strictest sense, a business opportunity is not a franchise (though a franchise clearly is a business opportunity!). Nor is it a chance to buy an independent business and call it your own (although this also is a business opportunity).
Confused? Good. Keep reading, all will be revealed. Perhaps the Federal Trade Commission (FTC) can help clear things up, at least from a legal perspective. Yes, yes, we know: “We’re from the government and we’re here to help you.” Nevertheless…
In 1979, in an effort to protect potential buyers of business opportunities from being fleeced by unscrupulous companies or individuals, the FTC published the FTC Franchise Rule. In its easy-to-read guide (really!) to the rule, the FTC differentiates between two types of continuing commercial relationships: 1) traditional franchises and 2) business opportunities.
Related Posts:
Guidelines for Choosing a Business Opportunity
Top Franchise and Business Opportunity Questions
How to Research a Business Opportunity
This entry was posted
on Tuesday, February 27th, 2007 at 11:55 am and is filed under Business Opportunity.
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