| Comment Number: | 522418-05702 |
| Received: | 7/3/2006 6:06:15 AM |
| Organization: | Austin Industries |
| Commenter: | Marti Austin |
| State: | WA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
To whom it may concern: My husband and I are new IBO's and I have some concerns about a few of the proposed regulations in your initial draft. Regarding the proposed 7 day waiting period. I cannot think of a single reason why that should become a regulation. We would have lost a bonus check we were able to acheive in the end of May when we signed up and we would have lost valuable time learning and becoming competent as new business owners. The ability to sign up immediately is and should remain my right. I should be able to use my own judgement in these matters. Since this business model is one of integrity and opportunity unmatched in corporate America, I see nothing but degradation to what we have with a regulation like this. Regarding a requirement for references. That is silly and redundant and just wastes trees (paper). We already have a wonderful system that brings prospects into association with successful business builders. That is what we do. We associate with people who know how to build a successful business and in this forum new prospects can ask questions, get additional research resources, and see the fruit of this business, helping them with goal-setting and so much more than I can write in this number of words. There is nothing a regulation like this will add to this business model. We have a level playing field with an organization that supports business owners who want to grow their business. The litigation list seems really ridiculous. Why would we dignify frivolous litigation by requiring something like this. I say that because there are so many checks and balances built in to The World Wide Dream Builders Organization and Quixtar that I cannot imagine a valid dispute. This is an organization of integrity and corporate America ought to be taking notes. Regarding earnings disclosures and financial substantiation. If we had to be specific it would make the business model more appealing because the disclosures used are worst case scenarios. In this business model those who work the hardest make the most money. Mostly for new IBO's this would just be a lot of unnecessary information. They already have enough information to process when they are starting out. We have been in just over a month and I did not need all that information. Questions are answered as they are asked and the information on the wwdb website as well as from sponsoring IBO's and uplines are an open book. I have never had a problem getting an answer about anything. I have grown to be so committed to this business model because it allows average people and professionals, able-bodied and disabled bodies, male and female, all walks of life to build a business on a level playing field with the best support you could imagine. I cannot say enough good about this business model and all it's support. It is an open book. These regulations would only serve to degrade what it has to offer business owners and customers alike. Sincerely, Marti Austin