|Received:||6/27/2006 10:37:58 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I have been an Independant Business Owner (IBO) affiliated with Quixtar for less than a month. I have already earned a 3% commision bonus for my sales, and have personally saved over $200 (this June) buying products from my own website. Had I not decided to further myself and career using Quixtar as a foundation, I would have spent the more than $200 at someone elses business, furthering THEIR business and ambitions -while putting myself into further debt. When I CHOSE to purchase my own business, I was fully aware of the risks that starting an independantly owned business entail. By requiring a prospective IBO to wait 7days before making a decision, I believe you would be costing them money (they wouldn't be able to sign anyone on as a client during that time, or be able to purchase necessity products through their business, products they would be forced to buy elsewhere by necessity.) Regarding the requirement to provide references, the requirement for specific earnings disclosures,and the requirement for financial substantiation: these requirements would impose on my privacy rights as an American Citizen, let alone my status as a business owner. Applying for a "regular job" I have the right to ask a prospective employer for their financial records, earnings, and list of 10references regarding their credit, but this is not commonplace in America. Nor should it be expected or even required that anyone, whether they be a business owner or not, have to divulge their personal information regarding earnings, how quickly or slowly they earned their income, or advertise their known associates including names and all aformentioned personal information! The FTC proposal has many serious flaws within it's contents and needs to be re-written with more emphasis on the prospective business owners rights, than those rights the Business would have to give up to service the Law.