|Received:||7/5/2006 8:22:41 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I've been in business for myself since march of 2005 and through that time I've been able to make grow my independent business to include 8 different organizations that I've help develop an additional income in outside of their current jobs. I'm on a path to develop a more profitable business within the next 2 yrs. I plan on expanding my organization to more that 500 individuals with the assistance of my current mentors on my current business plan. When I first started in March I feel I was given adequate information to make a wise business decision about joining the current business team and I also provide the people that I currently sponsor the similar information. Our business model is built for those people that have want a little more out of life, I inform everyone on our initial interview that "This is not a get rich quick scheme & that some hard work is required, and that there are no guarantees of success". I explain to each prospect that with their consistent & persistent effort and with the guidance of the business support team we can help accomplish all of their short-term and most of their long-term goals. Usually the initial cost for getting the prospects started in business is about $150-$170 to gain access to a business team that will help them develop those long term goals that most people will be willing to work towards in their spare time to better their lives. I feel strongly that the requirement of a 7-day waiting period will only hinder the speed at which a potential prospect is willing to get started. It's important to develop a sense of urgency in this and any business venture because with the proper momentum & guidance the interest of most potential prospects will be propelled light-years ahead of the competition with these faster-than-normal results. Therefore, if there are restrictions this will cost countless of thousands of dollars of revenue to any new business owners that want to get their business started at a faster pace of people willing to operate on a higher level from their efforts. Another hindrance would be to provide a list of local IBOs for your prospects to contact before they decide to register. How inconvenient! I wouldn't be half as successful and neither would my potential prospect be if we had to provide that information to everyone that isn't sure if they want to become a part of my business team. More and more people are becoming aware that the job will not be providing them with most of their goals. I know that with this realization, more people will be willing to get into my business but if there are more restrictions to becoming an independent business owners that could cost a huge debt to the future business owners that will support the GNP. Please don't apply these requirements to businesses like my direct seller internet based business.