| Comment Number: | 522418-04603 |
| Received: | 6/27/2006 3:28:46 PM |
| Organization: | |
| Commenter: | Lerner |
| State: | NY |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Involvement in the Quixtar business has greatly benefited me and my family. We value our fine reputation and support efforts to curtail fraud. A 7 day waiting period is restrictive , implies the possibility of fraud,planting the suspicion of illegality of all who are honestly pursuing business. It greatly slows the rate of business growth. Since personal interaction is essential to our growth, the time delay( with location and scheduling difficulities) punishes those earnestly helping others grow their businesses and slows the growth of new business owners. A reasonable refund policy would be easy to effect and show honest representation. Because each business owner functions independently,working with different efforts to obtain income, their results will vary also. When I work more,I earn more.A truer, more clear disclosure is the official literature that shows exactly how much is made for the movement of a certain business volume. No one can guarantee that a person will do what is necessary to earn that money. A mandatory referral to other business owners and disclosure of their finances is intrusive, breaks their confidentiality and has no bearing on the success or failure of the prospective business owner. It would stop many from becoming business owners since they may not want all to know of all their business invovements and have access to their finances.Referral to other business owner places undue burdens on the referring business owner and the referred owner. Also the referring business owner risks losing business to the referrals. Even more restrictive would be the demand to refer to 10 business owners in the area. Whay if the prospective business owner is the first in the area? Or the first one in your business? Again, others' successes or failures do not determine the success or failure of the other. The official standardized income disclosure (in print) should be used. It is straightforward and clearcut. This is an opportunity, not a guarantee. We are adult Independent Business Owner. No one can make us put forth the effort so no one can guarantee we will earn the income. I tell all that this is no get rich scheme, it is a genuine opportunity to work and make money in proportion to one's efforts. As long as the company they are affiliating with, honestly provides (in print) monies made and to be made at the certain level of sales and honestly pays it out, this is the most effective disclosure. How on earth could an individual business owner be responsible for disclosing all claims and lawsuits? If there is a legitimate claim and it is rectified, isn't this a good thing? In today's litigious society,how would one individual have the means, expertise to interpret the legitimacy and effect of a claim or lawsuit and the time to keep track of all of this information? When would we have time to build our businesses? What if we overlooked one? With all due respect,the intent to curtail fraud is honorable but the suggested solutions greatly hamper business growth. There are two easy, clear, effective solutions: #1 Official Standard Compensation disclosure forms backed by the company with money paid ,as presented, for each determined level of sales. #2 A reasonable cancellation refund policy. In our business, we have and use both. Thank you for your consideration