The Fighting Entrepreneur

After giving you my abbreviated history the last couple weeks, I thought you might also be interested in a little battle I had with the US government. This article tells the story. It is from February 1997 and was printed in the Salt Lake Tribune.

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Best-Selling Author Wins in Court

The Federal Trade Commission has lost still another round in its fight with Utah businessman Mark O. Haroldsen, author of the best-selling How to Wake up the Financial Genius inside You.

US District Judge David Sam has dismissed the FTC lawsuit against Haroldsen’s FreeCom Communications and other defendants in the case. Sam ruled the government failed to allege in its lawsuit exactly how Haroldsen’s company defrauded anyone.

Last June, the judge turned down an FTC request to freeze the assets of Haroldsen’s companies. He also refused to appoint a receiver to take over the business operations.

“The FTC uses intimidation to cause businesses to spend hundreds of thousands of dollars to defend themselves against ridiculous allegations,” Haroldsen says. “I hope the FTC realizes they have lost and move on.”

The FTC, and a joint effort with the Utah Attorney General’s office, filed its complaint in Utah federal court in June 1996. It contended Haroldsen, three other individuals and six related companies made unfounded claims at seminars and in television “infomercials” to persuade people to buy $495 starter kits to help them launch home businesses.

The government contended that few if any consumers actually earned substantial income from the business ventures FreeCom detailed — ventures that included the resale of distressed merchandise, the operation of vending machines and the sale of vitamins and color-change T-shirts.

Shortly after the government filed its lawsuit, Haroldsen’s attorney Richard Casey responded that company records indicated customers’ complaints were low, less than a fraction of 1 percent.

Haroldsen’s hope that he will be able to go on with business without the cloud of an FTC lawsuit may not be realized.

Although he dismissed the lawsuit, the judge gave the FTC permission to file an amended complaint within 30 days.

“This is a setback, but we are not too concerned about it,” says Jeff Gray of the Utah Attorney General’s office, which has been working with the FTC.

— Written for the Salt Lake Tribune by Stephen Oberbeck

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That happened in 1997 but the FTC continued to file suit and, essentially, harass us until July 2001 when the court again found that “the FTC utterly failed to introduce sufficient probative evidence in support of its allegations.” In the end, we sued them for attorneys fees and won.

This whole experience is kind of a lesson in being an entrepreneur who thinks differently than everyone else. When you try something new, and especially when you’re successful at it, people might question what you’re doing. But if you believe in what you’re doing, if you’re offering a useful product or service and are helping people along the way, there’s no reason for you to question it yourself. Believe in what you do, and I think you’ll always come out on top.

2022: A Year of Action

Here we are again. We have a whole new year in front of us and many of us are making plans, renewing commitments, and generally trying to figure out what we want to accomplish this year. I know I have more than a few things that I’m ready to get to work on!

Regardless of what any of us plan to do, there is one thing we all have in common. We MUST take action, real solid action, for any plan, goal, or dream to become reality.

That first step, the one that shows true action and commitment, is more important than any other step you take because it will be the impetus and motivation for every step afterwards. But don’t fool yourself about what a first step is.

Reading a book, looking stuff up on the internet, or asking your friends’ opinions may feel like first steps, but they are really just part of the planning, and planning is not what actually makes things happen. The first real step occurs when you invest something valuable or take a real risk with your money, time, or ego.

For example:

• Throwing out all the junk food in your house is a true first step to a better diet.
• Paying a lawyer to draw up your business organization papers shows a real commitment to starting on your entrepreneurial path.
• Joining a writer’s group that requires you to write 10 pages a week makes you accountable and shows yourself and other how serious you are about writing that novel.

So, what is that first important, substantial, and invested step you need to take to get your plans rolling? If you’re not sure, take the time to write out what your first steps are. Then ask yourself which of those steps require so kind of personal, time, or financial investment. The ones that do are your first real steps, the ones that will get you truly get you on your way. So, make those your priority.

If you feel like you might still need a little push to take those first substantial steps, or you need some additional inspiration, try reading my book again, How to Ignite Your Passion for Living. If you haven’t read it, then definitely get a copy and read it. Then get to work.

Let’s see what wonderful things we can make happen in 2022 by taking action now!