BizOps. I Was Scammed! (Or Not)
Summary:
So you searched business
opportunities for sale</a>. And you bought into that claim about how you
would make thousands of dollars per day without even working? You could even
make money in your sleep, right? So you thought, this sounds so good, I must
buy the business program or e-book. How could you lose?
Keywords:
businesses for
sale, business for sale, franchises, franchisor, franchiser, franchising,
franchise opportunities, the business market, the business market, colorado
businesses for sale, California businesses for sale, buy a business, selling a
business, business brokers, buy a franchise, buy a business opportunity
Article Body:
So you searched And
you bought into that claim about how you would make thousands of dollars per
day without even working? You could even make money in your sleep, right? So
you thought, this sounds so good, I must buy the business program or e-book.
How could you lose?
Very quickly you
learned that the opportunity was “not as advertised”. Your new business failed.
Not only did you lose your cost of investment, but think of the time you
wasted. And then there is the embarrassment factor, you had to go back and tell
all of your friends and relatives that it really was just a scam.
But was it really
a scam? Merriam-Webster’s dictionary defines a scam as “a fraudulent or
deceptive act or operation”. The fact is, most likely you were not scammed. You
see, you were not scammed, you just didn’t do your homework. You bought into
the hype, not the substance.
These business
programs and e-books are considered “Business Opportunities”. A Business
Opportunity (BizOp) is defined as a system that delivers a business system,
training, equipment, or service to the buyer. In some cases, the seller may
also make residual income for the ongoing sale of products or services, but for
the most part, the relationship is over once the purchase is final. Since there
is no ongoing royalty payment, there is no vested interest by the seller to
ensure that the buyer succeeds in the business. Although many business
opportunities provide system training, they may not require or monitor
performance. Sellers generally don’t invest in local marketing or operational
support, but buyers are given complete freedom to run the business.
To
succeed with any BizOp, you need to do your homework! Research the opportunity
offered. Research the company. Research the industry. Talk to others in the
industry. Seek professional (legal and accounting) help. Trust me, your
accountant has probably seen many of his or her clients venture down a similar
path. And above all, make sure that you have the time, energy, capital,
expertise, and desire to work your tail off. It’s a job!
Many business
opportunities are very successful. Many industries are niche industries, where
there is a high demand for a product or service. Often times it pays to get in
on the ground floor before everyone else gets in
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