|Received:||7/7/2006 11:33:11 PM|
|Organization:||United Business Development|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I support fully the idea of clear and simple disclosures that apply to all business opportunities. It is important to also help prospects understand that in any business the ultimate income is determined by the individual and their ability to be teachable. There are many indicators of success in a business outside of income, particularly one with explicit success teaching available, thus I feel the disclosure of any individual income is no help in the evaluation of an opportunity, and is only an indication of that particular individual's level of success in the particular system. A clear explanation of the "potential" of the system to produce income is very important, ie...an exponential income curve capability is preferred over a straight line capability. A reasonable cancellation policy for any subscriptions is paramount, however the idea of delays for any registration and references would be like requiring people to wait for a Sam's club card and Sam's club forced to provide references of people with the card. How valid is a reference who never entered the store after they acquired the card? Any past litigation is totally arbitrary, may not even be completed and cannot possibly be of any value to a prospect since it is specific to an individual case and may in fact be totally unjustified regardless of the outcome. Check out "WalMartsucks.com" as an example. Financial records are also totally useless to a prospect and in fact have nothing to do with the system to be evaluated or the prospect's possibility for success. The best we can do for a prospect is to help them understand "they" are the only one responsible for their success or lack of same. Thank you for the opportunity to have an input.