| Comment Number: | 522418-11130 |
| Received: | 7/17/2006 2:51:37 AM |
| Organization: | Quixtar |
| Commenter: | Satish Kamarthi |
| State: | TX |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Dear Sir, I have been in the business for about little over a year. What a life can be through this business is something incredible. Although, I haven't been able to accomplish much of financial goals, there are lot of intagibles in it. Absolutely, the next goal is to accomplish the platinumship where one would be able to replace a professinal income, which will give peace of mind. One thing, what I learned from the incredible BWW system, is that one should always strech themselves. What I found out is that victory is never going to come with mere trials, but by executing a carefully layedout gameplan. Doing a 9-5 job is not what a winner would do. One should always strive for excellence. The normal system teaches one to go to job come back home and have fun by watching in front of the idiot box(TV). There is no progress in the normal system. What I could accomplish throug the BWW system apart from the above things is trust in GOD. That there is always GOD and GOD's delay is not GOD's denial. When I was approached about this business, I actually took 4 business meetings before I made a decision. So, it was almost more than a month that I looked at this oppurtunity, before acutally signing up. When I am talking to the prospects about the oppurtunity, I intention is to let him know the business plan and then followed up with the more formal business meeting so that they could actually see why others are doing this business. When we sign up any prospect, he would typically be spending around $300.00 as a startup cost, wherein $50 is for franchising fee and the rest towards the products so that he can have a look and feel of the products. The rule… • Should create a level playing field by requiring clear, simple, and standardized income disclosures that apply to all direct sellers. • Should provide a reasonable cancellation policy. • Should not require a seven-day waiting period before a prospect could register. • Should not require IBO references be provided to prospects or disclosure of past litigation. • Should not require financial records to be disclosed to prospects. Regards, Satish Kamarthi