October 16, 2009, Newsletter Issue #261: Business Term Definition - Business Opportunity
Tip of the Week
A business opportunity is defined as being an investment made into a potentially profitable venture that is billed as an all-inclusive package. Many states regulate business opportunities, with each state listing different requirements for a legitimate business opportunity to meet, such as:
A business opportunity enables a buyer to start a business by selling or leasing them a product, service or equipment;
The fee paid to begin the business opportunity must exceed $500;
The seller guarantees a higher selling price for the product or service than the buyer paid, so as to ensure demand; and
The seller will buy back any unused product from the buyer if there is no opportunity to sell the product to the end consumer.
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