Comment Number: 522418-09662
Received: 7/14/2006 10:14:41 PM
Organization: Quixtar
Commenter: Veronica Warner
State: CA
Subject: Business Opportunity Rule
Title: Notice of Proposed Rulemaking
CFR Citation: 16 CFR Part 437
No Attachments

Comments:

Thank you for working to create an ethical environment for independant business owners. I have been an IBO for 7 years. There are some parts of this proposal that I disagree with and I will explain why. The 7 day waiting period- I beleive this hinders the newest prospect. They are provided with detailed information about average incomes and meet people within the business structure. They are excited and see a vision for themselves and we get them started and help them to build at team. They can begin growing their business quickly and gives them the opportunity to speak to a potential prospect right away reducing the chance that someone else might speak with their potential prospect first. Different people have different ways of researching things- this idea is punishing those that are quick processors who are ready to begin building a business for their family. A prospect is encouraged to take the time they need to research this business,we provide everything they need, and the corporation will answer any questions presented to them at any time- we just have to call. Providing References- Firstly, I wouldn't want my personal information given out to people just investigating the opportunity. Many people look and research but not all become IBO's. I don't want my information out there for anyone especially in this time where identity theft is such a concern. Prospects have the opportunity to meet and talk with active IBO's at meetings throughout the week and can attend as many as they need to before and after making a decision to get involved. My mentors will also call a prospect to answer any questions that I may not be able to address. The Litigation List- All litigation is not true and that disclosure is like spreading negative gossip. Specific Earnings Disclosure- When presenting the opportunity we have a standardized way of showing an average business. It is easier to learn and duplicate and gives potential IBO's an idea of a common structure. It is always presented as an average (when spoken and in literature) and is stated that everyone's business is different- How can you come us with specifics when there are 1000'sof IBO's with 1000's of possible business structures? That is not realistic. Financial Substantiation- All our literature gives an average for each level of business. Every business has different goals and levels may differ. I wouldn't want to deter someone from reaching a high goal because I am fine at a lower goal. At work I do not share my paycheck- and that is discouraged and it's even illegal for management to disclose to others. Why should I have to disclose my monthly earnings or my mentors- that I believe is another privacy issue. I appreciate the reasons behind the ideas I just see some of these issues negatively affecting current and potential IBO's and the growth of their businesses. Thank You for your time