| Comment Number: | 522418-11462 |
| Received: | 7/17/2006 12:05:31 PM |
| Organization: | |
| Commenter: | Dina Barboza |
| State: | TX |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
We are writing to you in reference to the proposed ruling for independent business ownership opportunities. I, along with my husband, have been in business for almost 3 years and I must say that this business opportunity has allowed us to save and heal our marriage. How? Through the mentorship of this business (Quixtar & BWW) and the local mentorship that is in place. Also, as we continue to show the plan to prospects, we are very clear and passionate about what we speak. First, we are clear when we say that this business provides more than just income. It can provide restoration/healing to marriages and/or relationships. It can also provide Spiritual guidance, discipline, self image, self confidence, and financial mentorship. Second, we explain that this business is not a get rich Quick scheme, but a get rich SLOW plan, which is better than get rich NEVER. Third, we explain that there is money to be made via volume, not by the number of prospects they register. Our company pays us on volume, not on people. Lastly, we explain in complete detail that this business takes time to build. This is not an overnight sensation. Furthermore, as we read the proposed guidelines for this Rule, we are concerned about a few statements. First, we are against that fact of providing personal financial statements to a prospect. Why? Because not all prospects get into our business; some choose not to builid it, therefore, if we're obligated to show our financial statements, then our financial situation will be made public and we may not be willing to disclose such private information to the public. This would put us in a vulnerable situation for credibility purposes. This is not corporate world; we do not have shareholders. Second, we don't understand the waiting period of 7 days. What's the purpose for this? When we show the plan to a prospect, we "interview" them thoroughly so that they are able to provide the committment and the time that is needed to build this business. So, a waiting period is not necessary. Third, we are unclear for the purpose of providing a list of references. When the prospect attends our private meetings, he or she will be able to see the successes among the teams simply by "seeing the fruits on the tree". Such provisions will hurt our business rather than enhance it. We request that you revisit this language and make modifications so as to benefit the many independent business owners throughout this country. We hope to have made our voices clear. We are Against the above proposals outline within the FTC Rule. I appreciate your reading our concerns and anticipate that the language be corrected or modified to benefit the Independent Business Owners. Sincerely, Dina & Daniel Barboza Houston, TX