Beware of the true intentions of this company!
I have decided not to invest in a Certified Agency with the company.
I believe that the company is more interested in collecting the $15000-$25000 Certified Agency fee than they are in hiring good business/sales people. This is my opinion and I could be wrong, but "if it sounds too good to be true" bla, bla, bla...
Reasons why I decided not get involved:
1) If they have such a great thing going then usually you would want to protect it a lot more then what I saw them doing. They should make sure that only very qualified people would ever promote and represent the company. They don't seem to care too much about whom they sign up, a warm body with a pulse (and $15000) and perhaps a wee bit of business experience is good enough for them! They never truly interviewed me to determine my sales-skills and aptitude.
If they don't want to hire me for my good sales-skills and business acumen, then I must be careful.
2) I find it peculiar that the company is so interested in selling this through a Master Agency (MA) that perhaps costs $150, 000 and up. The MAs are allowed to sell (and profit!!) when selling up to 20 Certified Agencies in each major city within their territory? I was informed that the telecom industry used this method successfully in the 90.
Maybe, maybe not I wasn't convinced.
3) My lawyer commented that they don't have enough geographic area and industry (verticals they call it) protection clauses built in to the agency contract, and I believe that it's a potential lawsuit pending with regards to territory protection and infringement (a candidate at the company presentation commented on this as well).
4) The CEO is hired and works as a Director for a Canadian mining company..., why, what does he know about mining? Mining companies, ... we have all been told to watch out for them!!
5) My lawyer commented that the contract layout had a ring of "pyramid" to it?
6) One of business associates has a colleague that had been somewhat involved a while back and was surprised that the hand to hand selling aspect of the business was what made it work, and not the product itself.
7) I turned down this opportunity over the phone explaining that I found them to be more interested in selling the $15000 agency then their products, and they certainly did not have a different story try to tell me (read sell me) right there over the phone!
This is why I decided not to invest my $15000 and I do believe that I am right about this company, but please check it out for your self. I certainly could be wrong about the company and this might turn out to be the next best thing, so I will watch the stock and perhaps jump in with $15000 when the time is right!
Frank
Vancouver, British Columbia
Canada
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