| Comment Number: | 522418-05791 |
| Received: | 7/3/2006 3:09:33 PM |
| Organization: | Harris Development Consultants |
| Commenter: | Melva Harris |
| State: | NJ |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
As an Independent Business Owner, I agree that the FTC should create a level playing field by requiring clear, simple and standardized income disclosures that apply to all direct sellers. I also agree that any business into which you must buy into must have a reasonable cancellation policy. Often, people are caught up in the intro of a business and later decide that it is really not for them and they should have the right to exit without damages. A true business does not want those who do not wish to be involved since they will add nothing to the ongoing business anyway. If there is a fair and reasonable cancellation policy, there is no reason to have and there should be no requirement for a seven day or any other day waiting period for a person to register. The very fact that they can opt out is sufficient for them. As adults, at some point, the government must allow people to be adult and use their own mind and judgment in deciding what to do with their lives. Even if it is a legitimate business, it never precludes a person from living life and getting into a business that they are unwilling to work. That is what being adult and responsible is all about. We, as adults, then learn from our own mistakes. The government is not the parent to the nation and should not take on that position. There is absolutely no reason for an IBO (Independent Business Owner) as myself to have to provide prospects with references to a prospect when the business is old enough to speak for itself. The number of persons who have put their mind to build the business and have succeed is very available to anyone interested. The record speaks for itself. Whether you start an accounting firm or a grocery store, your success will always depend on what you are willing to do. That is no different for an IBO. Many people enter this business as any other and are not willing to make the effort. They walk away before ever getting serious. The government can not mediate anyone success. The fact that there are rules to protect them from dishonest businesses is sufficient. There is an offense to requiring anyone to reveal their financial records to a prospect. That should be as illegal as making us disclose our health records. Protect the IBO and protect the prospect. Do not penalize the IBO to make it supposed secure for the prospect.