Hey, Aelisha here, finally re-registered here after a break from this aspect of the community. I've been through the presentation, hit up their website and done a surface level of non-creepy digging on the Dr. Cauvier and Frank Codina.
Both of these individuals are self-help book writers and speech givers, with no evidence of experience in any form of economic or academic application of their skills besides some private business interests and the ability to convert lyrical carbon dioxide into currency. Essentially, they have a prime target audience of those that are desperate to change their lives, for reasons personal or fiscal, and are selling snake oil to lubricate the passage from their current lives into the supposedly rosy, currency swimming future.
Let's analyse the slides for a moment:
- Statistical assertions without reference to credible reports or published statistics
- No reference to an impartial survey or third party statistical auditing body
- Only 50 countries despite the internet having access to double that, not even counting countries with byzantine trading laws or internet security considerations. Why? Is this activity (essentially affiliate marketing) considered legally dubious in some of those additional 50 or more nations?
- No reference to the need to interact with competitors, when as Vikarion has said, you want a client-wide interface with your public, with a narrow-interface with your suppliers and potential competitors who may prove helpful in orders outside of your capacity to deliver (keeping it in the small biz family when it gets too big for 1 small business)
- 'One of the only business to be launched in two languages' <- unsubstantiated cow droppings, unless they mean LITERALLY no one has done PRECISELY two languages. Maybe 3 or more, maybe 1, but never 2. This is misleading and is an infantile attempt to exaggerate local and global cultural penetration
The presentation is damning. Unsubstantiated claims, statistics, only their two client-facing personnel have any form of public profile I don't have to go digging for. There is no basis for trust here as the two clearly identified individuals are clearly in the market of selling hope as it is.
Information specific to the domain and other domains owned by these individuals can be found here
http://www.simplywhois.com/whois/neurs.com . Of especial interest is their social media footprint, which is tiny despite having had ownership of the name and hosting since 2011. This may be representative of an emergent business, but those figures are still incredibly small.
To avoid reiterating previous points, I will end here with a simple breakdown: Is this legal? Probably. Is it 'legitimate'? I would say no, but I am no expert. I have based my assessment on basic expectations of statistical rigour and the use of supporting evidence to make claims, as well as the public-facing, publicly accessible portfolios and profiles of Dr Cauvier and Frank Codina.
If they have asked you for a single cent, run like the wind. If you have paid them any money, stop now. The only way to recoup losses in this kind of model is to spread the misery - schemes such as the one I suspect this is are economically bottomless, they require constant input from new affiliates who pay to schill for the company, with no stable business model providing a break even point without the influx of more affiliates or businesses referred by the original wave.
Should they provide a statistically rigorous, cited and independently verified business plan, I would consider retracting my statements, but this is the kind of material that would fail you in a Bachelor's degree business management programme.
Author
Topic: Ever wanted to start your own Business? (Read 1696 times)