|Received:||7/16/2006 10:41:42 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I have been an IBO associated with the Quixtar business for 11 years. I believe the 7 day waiting period takes away a person's right to make their own decisions when they want. A person can decide to buy a $30,000 vehicle within an hour and not have to wait for 7 days, why would they wait to spend $70-150 to register as an Independent business owner?? I feel that it's a very socialistic approach to control a person's life. We are supposed to live in a free country without these types of limits. I also believe that requiring a list of references is violation of someone's privacy. I know that with our business our first goal is to encourage new people to meet other IBO's in our business so they can see the diversity of people around that have success, that encourages everyone. But to require that an IBO have a list of other IBO's or that IBO's be on a list available as a reference could be a huge road block to building a successful business. The key in this business as in any other business is education and communication. To achieve this we all learn from the same source but as with any education we all learn at a different pace. To have a new person talk to someone who may not be on the same page, or even taking advantage of the education could be extremely detrimental. Just as with opening a franchise, such as Mcdonald's, to send someone to talk to another franchise owner who may be experiencing any number of challenges in their life or business, would not necessarily be a great representation of the potential of their Mcdonald's franchise. Again, if a person is serious about building a business they should be asking to meet other successful people and we, as leaders, would only want them to meet them. The pending litagation disclosure seems a bit ridiculous in our society. Innocent till proven guilty is what our justice system is based on. Anybody these days will say anything to bring about a lawsuit, evidence by the number of lawsuits brought up everyday. It's almost epidemic in our society. I think it's unfair to disclose litagation that is not yet settled, it is really meaningless. Finally, the disclosure of my business net profit or loss would be inappropriate for the kind of business we are in. The people that we are registering are doing so as Independent business owners, they are not buying my business. I may invest more money into my business then they are willing or able to do, that should not be used as a discouragement. In a traditional business that you are seeking to purchase, a look at the financials is important, but really it comes down to what the business offers and it's potential. It's the same in this business. We are offering people hope, and a future that is more bright then where they are headed on now. 401k's, pensions and Social Security are not going to cut it. People need an opportunity to develop something on their own, not limitations and govenmental controls. That doesn't work.