| Comment Number: | 522418-04401 |
| Received: | 6/26/2006 7:46:25 PM |
| Organization: | Team 100 |
| Commenter: | Mitchell Fuhr |
| State: | NJ |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Dear Sirs: I am reviewing your concerns in reference to your proposal about "get rich quick schemes" and how to handle it. Here is a little bit of me and my wife. We have been IBO's since 1999. So what....this is not a time game. This is not a chance game. This is a work game. We have definitely NOT been putting in the work required to get the job done, but weI do have a small group and do some retail on the side. We do receive the checks for the work we put in the past and the present. What keeps us involved is the potential and the high ethics of the people and our support team. Put in the work and get the results. Also the high level of learning and comprehension is unbelievable. I was downsized twice from corporate America, banking industry, and changed careers. I believe this was all accomplished by our learning from successful business people. Become better inside and become better outside. Issues: 7 -day waiting period: 1) You will slow the process down to a crawl ... if you are worried about take the money and run., put a minimum investment of $1,000.00 for a 7 day. References, specific earnings and proof Compared to who... even if a person buys a tailor shop and sees the numbers, you know that the business will then go up and down depending on the new owner and relatability. Fact there are people, timing, network of friends and 20 other factors that decide why a person can or can not make it. Isn't it true that 4 out of 5 traditional businesses fail in the first 5 years. Fact: No guarantees and no promises. I hope this letter will address some of our concerns that I have with the new proposal. True entrepreneurs and free enterprise are what built America and what keeps it going strong. If you have any comments, please reply at Thank you, Mitchell Fuhr Proud Independent Business Owner