|Received:||6/28/2006 4:07:46 AM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I am 32, a business owner of a dance studio, and with my husband- Founders Platinum with Quixtar's home based business. It has created a lifestyle for me and my family from home remodeling to vacations to new cars. My children,11,7,and 2 are a major part of our busi-ness. It has been a wonderful education for them and so much more than I can mention. I am concerned about the issues on the table. 1) Placing a 7 day waiting period on a presently motivated potential busi-ness partner means that I can't help this person start to suc-ceed for 7days and actually 14 because the next person I help them talk to, has to wait 7also. This would slow our success down to a trickle. We have found that the best time to get back with someone is after they have slept on it. 24-48 hours. Would you want to wait 7days to buy a car you want because the government says these are the rules? 2)Provid-ing references of people is something we already practice but it is based on success, not location.It is based on who has a vested interest in the prospect's success.They are given names during the presentation.After they are registered we introduce them to their support team-the people who will be helping them, ones who are already succeeding who will teach them what they need to do if they are willing to do the work and it is WORK!There are many people in this type of business locally who I would not ask advice of and what is stopping them from asking my refered, 7-daywaiter, to wait one more day and sign-up with them when I did the work to bring them in! Quantity will never be quality.10 is a ridiculous number as no normal human will seek them all out. Never mind the Privacy Act.This is a business of people helping people they are already acquainted with. If they don't trust the prospector, they don't join. We know that from experience.We have wasted many hours with people with no credibility.This is not necessary, should not be required and makes no sense in our business. 3)We already provide a simple, easily understood income disclosure of the average monthly gross income for active IBO's, and to provide multiple disclosures in one lengthy meeting makes everyone confused. Most people just want to see the bottom rung anyway.And the ones that want more can find it if they are looking for it. It's like showing them the formula for the law of gravity works when they can already see it working. 4)We don't see any need to inform new prospects of past litigation, they find out enough from the electronic bathroom wall (internet).You still eat at a major fast food enterprise even though they have hot coffee and their food will make you fat.They don't make you sign a disclosure. 5)Income levels vary greatly depending on the effort and structure of a business. Providing personal financial disclosures does not make good business practice unless required in an investigation. There are levels of success that when attained are recognized for maximizing the business plan. Those bottom line figures are enough to keep me informed and excited about what my potential is. Any more than that is just mind-boggling.6) We see alot of business oppor-tunities that are front-loaded and the cost of registration is amazingly high for the amount of goods and services a new registrant receives. Any legitimate business will provide something for your money. We expect some minimal charge for initiating start up. We paid $200 in 1996 to start our business and $170 was product we use in our home that we normally buy at a store. We now collect $300-350 (the choice of two packs) to register new IBOs, of which $260-$300 is product. All of which is totally refundable if they choose to cancel. We also know that if you get nothing and you gave something, someone else is getting something for nothing. I trust that the FTC understands home-based business. Provide only regulations that protect the honest business and eliminate anything that restricts our success.