|Received:||7/3/2006 1:05:27 AM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:Dear Sir/Madam: I am writing to express my concern regarding the proposed rule changes regarding business opportunities. I have had my own business affiliated with Amway/Quixtar for some time now and have found the company and my organizational leadership to be of the highest integrity. I agree that I am fortunate and have found other competing businesses that I have come across to be wanting in the areas of honesty and integrity. I agree with the intent of the FTC to eliminate the unethical practices currently in the marketplace, but the proposed rules do not do that. Instead they punish the ethical businessman, while failing to address the real issue. My business requires me to deal honestly with my prospective team members and clients. Otherwise, when they find out about my dishonesty, I have lost them from my team and that is bad for business (and my income). 1. The "7 day waiting period" rule. This proposed rule will require me to "back track" all over the country to revisit prospective team members to register them into my business. This is a waste of time, money and gasoline. A requirement of an "money-back guarantee" would accomplsh more and not burden the honest businessman. 2. The "10 references" rule. This proposed rule is not practical, due to the fact that my team members are located in other states. Why should I be required to give this personal information to prospects who could misuse it to harm them? 3. The "Substantiation" rule. Being a private business, I do not have to open my books to anyone other than the appropiate government authorities upon legal request. To do so to prospective team members would be a unreasonable violation of my privacy rights. 4. List all "Legal Allegations" rule. I do not know all of the allegations (true and false) entered in every legal jurisdiction against the companies that I deal with, nor would I care to keep track of such information. Again, if prospective team members are uncomfortable with me or the companies that I represent, a "money-back guarantee" would allow them to leave without loss. 5. The "income calculations" rule. The proposed rule is burdensome to use with every prospect in every meeting. I do show people how incomes are calculated when asked, but not on each and every income point. That would take hours for each meeting. All the FTC would need to do to eliminate most of the dishonest businesses, would require a reasonable "money-back guarantee" to recent registrants. The "get rich quick" boys do not care to have a long term relationship with their victims. They look to strike fast, get the money, and run. Thank you for providing the opportunity to address this issue.