| Comment Number: | 522418-10120 |
| Received: | 7/15/2006 6:52:43 PM |
| Organization: | jbandassociates |
| Commenter: | John McMunn |
| State: | CO |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
I am an independant business owner affiliated with Quixtar. As an ibo I enjoy the oppertunity to help others create more income and encourage them to begin a self improvement program. When I was recruted by my mentor I was given all the time I needed to chose if this industry was something I wanted to be a part of or not. While I commend you for seeking a way to standardize the income disclosures from all direct sellers, I do not feel this proposed bill is the answer. I give all prosective business owners the same unlimited time and information to make an educated decision as my sponsor alotted me. I see no need for an imposed seven day wait for someone to register to own a business of their own. Quixtar offers a return of your fourty five dollar registration fee if you change your mind within a reasonable time period! As for having to provide 10 ibo references or disclosing of past litigations, both would be a burdensome task that might prevent me from building my own business. I also see no need to disclose my financial records to prospects! I feel that my income from my day job or my own business is no-one elses business. I am provided with some income figures to show prosects potentual income oppertunities that are approved by the FTC. This is all the income figures I feel necessary to share. If I lie to prospective business owners about my income they will see through my lies quickly and I will not have the success my family knows is available when we are honest and simply practice the "Gold Rule".When asked what my personal income from this business is I share my opinion that personal information such as income should not be discussed. I also see disclosing all Quixtar's lawsuits as detrimental to my business because anyone can make any claim they wish, true or not, in this great country we call America. What one person thinks of Quixtar or any other company is irrelevant. Prosects in my business are not only given all the time they wish to research Quixtar but I highly encourage them to call the Better Business Bureau and check with the FTC to find out how my business is veiwed by said groups. Again I applaud the FTC for recognizing the need to set some guidelines for home based businesses, but please work on this bill more before passing it into law. As the bill currently stands, I feel my personal right to privacy and my right to free enterprise are both at risk. Thank you for allowing me to share my perspective.