We have all the term business opportunity but you know what he business opportunity actually is? Most of us have also heard the term Biz Op and this of course is just a shortened version of the word business opportunity. The actual legal definition of “business opportunity” is set by the Federal Trade Commission or FTC. And that legal definition may actually be changing soon if the Federal Trade Commission has anything to say about; and they do.
The new proposed definition of the business opportunity as outlined in the Federal Trade Commission’s report on business opportunities and proposed rule changes is listed below;
Proposed section 437.1(d): “Business opportunity”
“This definition establishes the proposed Rule’s scope. The proposed definition of “business opportunity” is intended to capture the sale of true business opportunities without regulating the ordinary sale of goods and services to businesses. The three definitional elements of the …