|Received:||7/15/2006 11:12:01 PM|
|Organization:||The Goal Getters|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I oppose the proposed business opportunity rule. As a Quixtar IBO since its creation, and in network marketing on and offline since 1990, I believe this proposal would cripple my business as it is as well as its future growth rate. Our business has upheld all suggested FTC disclosures and clearly used FTC standardized information when sharing our business plan. And we have an excellent cancellation policy that makes it very easy for any person who reconsiders and decides not to partake to opt out and be refunded. A seven day waiting period is like pouring poison on possibility thinking! It would suggest that this is a very serious decision. Our business can be started with less than fifty dollars, or when accompanied with a product pack- around 150$. And it is retunable for up to a year! This is not a major investment up front. In what other business does one prospect a potential client, make the offer, get their approval, and then say wait 7 days?! Perhaps this should apply to dentists before they vigorously start putting thousands of dollars in your mouth! The proposal to require references and diclosures of past litigation is misguided. There are no such moves when dealing with insurance agents, realators, and other businesses or sales.Regarding references; it invades my privacy as well as those that need to be referenced. Who I chose to work with is my business. What suspicions people may think are taking place may be more indicative of their integrity than mine. For 16 years I have built my business with honesty and integrity. These disclosures would only cause confusion, delay and suffocation of my business. Concerning financial disclosures, that breaches privacy rights. Will I need to show my IRS statements? And I cannot discern of what benefit this would be to my prospect. Certainly every individual has there own potential and drive as well as life circumstance. Were I to share the temporary decline of my income when I put this 'part time additional" business aside to help with a family crisis, that loss might be understood as a fault in the business plan. Any business owner has income fluctuations. Will I need to explain my personal experiences to defend my income disclosures? Personnaly I often tell prospects that this income replaced and surpassed my fulltime airline income in 14 months. Some people want only to make 500$ extra a month. Someone else 5000 extra a month. Either is possible and should not be misunderstood as ones own income potential. The opportunity is theirs, and is the same regardless of what I have or have not done with it. I understand these measures are to protect people. And I need to be protected from people who see a good business opportunity but don't want to work, (they can get a refund). Please reconsider these proposals. I am grateful that you do try to keep it a level playing field. Free enterprise is not a guarantee. It is possibility. Please do not crush opportunity and current income with a 7 day delay in decisions or reference and financial disclosures. Thank you.