Those are the words of wisdom that hundreds of people would recommend when reviewing this or any ”business opportunity”.
STOP! Don’t be lured into a business opportunity with come-ons such as “Hurry up and join now so we can get you into a training session scheduled for August 27-28th”, “This is a limited time offering at a reduced price and is limited to the first X number of applicants”, “This is a streamlined version of our full program and offered at a substantially reduced price for the remainder of the month”, “We are offering a ‘scholarship’ to a specific group”, “You can buy a ‘shell’ company and receive the full benefits for a huge discount”, or any other special deal that is just for you, a time limited offering, or substantial discount off what “others” will pay.
THINK! Consider the ulterior motives in offering these “call to action” specials. Why are they being offered? Why do they need to offer incentives to entice people to buy in? What do they fear in you taking a lengthy period of time to evaluate them, their process, and their record of failing people that bought in before you? Why did the company change its name and what are the underlying facts behind this sort of “business opportunity”? If a company is a continuation of a flawed business model, a predecessor sued for alleged fraud, or founded by a drug felon, is it something you want associated with your name? If you are REALLY going to make the tens of thousands of dollars per month in their business opportunity what difference will it make in the long run if you take your time, perform a thorough due diligence and it costs more money? If they are stating that one $15,000 per month placement is $180,000 per year, you should ask how many of their members (past and present) are achieving that number. When they say they can’t provide those kind of statistics you should ask how they are then able to state those numbers.
INVESTIGATE! Understand that meaningless badges on their website don’t legitimize a flawed business model. Understand that when you are given people to speak with in the organization they will necessarily paint a glowing picture for you (after all they’re being compensated for “interviewing”). Check with your State’s Attorney General for complaints. Check with the State of Missouri for litigation against the predecessor company https://www.courts.mo.gov/casenet/cases/searchCases.do?searchType=name . Check http://www.bluemaumau.com , http://www.scam.com , http://www.fraudster.com , http://www.ripoffreports.com and any number of other web reporting places for articles, comments, and discussion about their “business opportunity” and record. Ask for a copy of their balance sheet to determine the financial strength. Ask how they fund day-to-day operations. Some businesses actually rely on new member sign-ups to pay this month’s electric bill and rent rather than revenue from continuing operations supplied by members making money from their plan. Ask about the company in forums and blogs while trying to avoid their “shills” that toe the company line. Check out the company and how it treats those that voice critical commentary as it may portend of the treatment you’ll receive when you become dissatisfied. Avoid paying a large amount of money upfront, deferring the majority of money (without obligation) until after they have assisted you in becoming successful. The golden rule: “He who has the gold rules”, so keep most of your money until the “plan” is proven with your bank account deposits. Question EVERYTHING!
CHOOSE WISELY! Learn from others mistakes. If you see a red flag – bail out. There are many different “business opportunity” ventures to choose from in many different spheres of industry. Sometimes when you are reviewing and investigating a potential business opportunity you just need to grab a couple of beers, deploy the emergency exit chute, and move on to another opportunity.
I was recently reviewing a franchise opportunity in completely different industry when I learned about the parent organization’s oppressive litigation against one of their franchisees for voicing dissatisfaction. That was the only red flag I needed, because if the company can’t address their flaws without going to court in an attempt to persecute and silence one of the people that bought into their plan, it’s counter to the principles of enterprise.
More thoughts and opinion about reviewing a potential business opportunity can be found at http://www.scaminacan.com