|Received:||7/6/2006 7:39:54 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:This gives my wife and me extra income we will need in retirement. We don't practice deception at any level. We deal with a very reputable servicing company. We hand pick the people we wish to work with in our business development efforts. Their registration fee (about $180) is 100% refundable even after six months has gone by. The potential prospects go through a 3 step interview process, usually over several days, to determine; interest, accountability, teach-ability, and ambition. Our business is not for everyone and they are told that up front. The third step of the interview gives them the information they need( approved literature pack and web sites) about our servicing company to let them make an informed and educated decision. We will follow-up with them between 24 and 48 hours to answer questions and register them if they choose. At that point 5 to 7 days has already passed. In my estimation that is ample time to make an informed decision. Another 7 days would make it very difficult to get anyone registered due to the passage of to much time. There is no investment in a franchise agreement, no requirement for land and building, there is no collateral involved, and in my opinion you should not require disclosure statements for income potential. We do not tell them what our personal income is and we don't ask them what their income is either. They agree to make a good effort by following a prescribed business plan and we mentor and coach them on building their own business enterprise. The amount of money they make is solely dependent upon the effort they put forth in following the business development plan. In a sense we work for them for free. If they are successful, we share in a percentage of that success. I find that for me it has put me in an environment with like minded people. We celebrate success and applaud the work effort that goes into achieving that success. I have made some wonderful friends as a result of this business. We have an entire education system at our disposal that teaches success principles that can be applied in any business venture. I enjoy financial, family, spiritual and marrital success as a result of this business and the team of people I associate with. I have great mentors and coaches that want me to succeed. We build our business with ethics and accountability. We use a plan structure that was approved by the FTC years ago and average income for all business owners is shown clearely on all literature. This is a bright light for people who are looking for a better way to live life.