Violation of act--Cease and desist order--Injunction A. False or misleading statements unlawful It risk and opportunity business plan unlawful for any person to make or cause to be made, in any document filed with the Administrator or in any proceeding pursuant to the Oklahoma Business Opportunity Sales Act any statement which is, at the time and in the light of the circumstances under which it is made, false or misleading in any material respect or, in connection with such statement, to omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they are made, not misleading.
And then use those comparisons to revise projections in the future. In case of contumacy by, or refusal to obey a subpoena issued to any person, the district court of Oklahoma County or the district court in any other county where service can be obtained on one or more of the defendants, upon application by the Administrator, may issue to the person an order requiring him or her to appear before the Administrator, there to produce documentary evidence if so ordered or to give evidence touching upon the matters under investigation or in question.
No person is excused from attending and testifying or from producing any document or record before the Administrator or the Administrator's designee, or in obedience to the subpoena of the Administrator or the Administrator's designee, in any proceeding instituted by the Administrator, on the grounds that the testimony or evidence, documentary or otherwise, required by the Administrator may tend to incriminate him or her or subject him or her to a penalty or forfeiture; but no individual may be prosecuted or subjected to any penalty or forfeiture on account of any transaction, matter or thing concerning which he or she is compelled, after claiming his or her privilege against self-incrimination, to testify or produce evidence, documentary or otherwise, except that the individual testifying is not exempt from prosecution and punishment for perjury or contempt committed in testifying.
Each product has a different profit margin and this is stated with each product as a certain number of points. The three-year income projection will enable you to undertake this analysis. The rights and remedies under the Oklahoma Business Opportunity Sales Act are in addition to any other rights or remedies that may exist at law or in equity.
For the purposes of this paragraph, a personal meeting shall mean a face-to-face meeting between the purchaser and the seller or their representatives, which is held for the purpose of discussing the offer or sale of a business opportunity.
How is the business going to attract new customers?
A statement describing any contractual restrictions, prohibitions or limitations on the purchaser's conduct. The Oklahoma Securities Commission or a majority thereof shall make such order as is deemed proper, just and equitable within sixty 60 days of receipt by the Oklahoma Securities Commission of the written petition of the appealing party or at such later time as agreed to in writing by all parties.
You can use experiments to observe where problems occur, and to find ways to introduce preventative and detective actions before you introduce the activity on a larger scale. Your goal is to thoroughly understand the characteristics and purchasing ability of potential customers in your market.
Like a Business Experiment, it involves testing possible ways to reduce a risk. Husband and wife team Trevor and Karen Blake set up Wikaniko after seeing a gap in the market for eco-friendly products at reasonable prices, and they wanted to set up a network marketing company that was run for the benefit of the distributors.
It may be better to accept the risk than it is to use excessive resources to eliminate it. What is the population and spending habits and levels? Short title Sections through of this title shall be known and may be cited as the "Oklahoma Business Opportunity Sales Act".
Additional Resources The Federal Trade Commission's guides and rules regarding franchising, including a consumer guide to buying a franchise.Assess Opportunities and Risks to Risks (ICOR) Analysis (Figure 1). The approach melds risk management enables the team to plan for possible roadblocks. The Risk and Opportunity Management Plan, from happening and to ge\൴ the benefit from those things that can enhance the program or attract new business.
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What is a business plan? In its simplest form, a business plan is a guide—a roadmap for your business that outlines goals and details how you plan to achieve those goals.
Few areas of business attract as much attention as new ventures, and few aspects of new-venture creation attract as much attention as the business plan. Risk is the possibility of losing something of value. Values (such as physical health, social status, emotional well-being, or financial wealth) can be gained or lost when taking risk resulting from a given action or inaction, foreseen or unforeseen (planned or not planned).Risk can also be defined as the intentional interaction with uncertainty.Download