Business opportunity can be described as a packaged business investment or sales of any service, product or equipment that will make the purchaser- licensee to be able to start a business. Basically, the business opportunity seller declares that it will assist the buyer to find a suitable site or provide avail the products to the person purchasing the license.
The business opportunity seller typically has no control over the business operations by the buyer. Basically, there is no continuation of a relationship between the buyer and the seller after making the sale in many business opportunity programs. In Vancouver, for example, all entrepreneurs used to do all business with 100% correspondence to the law. Very often such entrepreneurs turn to Vancouver accounting specialists who can help manage such business opportunities with the local laws.
Even though business opportunities are known to offer less help than franchises, this could still be an advantage for anyone who thrives on freedom. One is not obligated to obey the very strict specifications and the detailed program that franchisees follow. With many business opportunities, people can simply buy some materials or equipment, and then operate the business in the way they want and under any appropriate name. However, there are no on-going royalties in many cases, and trademark rights are not sold.
Business opportunities are somehow difficult to define and describe because the term has different interpretations to different people. To make matters more complicated, twenty three states have passed laws which define business opportunities and also regulate their sales. Most of the times, drafting of these statutes is very comprehensive making the experts to include franchises. Above all, all states with business opportunity laws do not define the term in the same way.
The most common business opportunity ventures are distributorship, Rack jobbing and vending Machine Routes. Distributorship can be said to involve making an agreement to sell and offer the product of another while still not entitled to use the trade name of the manufacturer as part of trade name of the agent. Rack jobbing is the selling of other companies good or product using systems of distribution involving racks in a number of stores serviced by a rack jobber. Vending Machine Routes are almost the same to rack jobbing in that the investment is usually bigger for a business opportunity venture of this type and the business person buys the machine together with the merchandise sold in them.