| Comment Number: | 522418-05212 |
| Received: | 6/30/2006 2:12:21 AM |
| Organization: | |
| Commenter: | Gevin Parker |
| State: | WA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
To begin with, there is no Utopia. However, being an IBO is the best thing out there. My wife and I have enjoyed being an IBO affiliated with Quixtar and believe 100% in the business model, the corporation & the people we work with. As with everything in life, our success thus far has been directly proportional to the effort we put into it. There are a few key points I would like to comment on: 1) Since we provide prospects with all the information they need to make an informed, intelligent decision, why require them to wait seven days if they are excited and want to get started. The prospects also have the right to a full refund if so desired. 2) Providing a list of references to prospects is also a wasted of supplies and effort as the prospect will meet the other people in the organization very soon anyway. Again, they are allowed a refund if they so choose. 3) An intelligent prospect can do personal research on the internet to learn about litigation issues if they so choose. Because every business in the world has likely been sued for one thing or another, I fail to see the importance of such information. 4) Prospects are already shown what the average IBO makes in this business model. They are even given examples of the possibilties. If someone applies for a job with a company in the corporate world, does the employer have to show pay stubs of the other employees? Of course not. Why should this be any different? I fully understand, and support, the purpose of such rules. There absolutely should be guidelines by which we all build our businesses. But, what good does it do to make the legitimate businesses work harder to prove their worth. Like most laws, they only affect the people who abide by the laws in the first place. The person who is going to break the law will break it regardless of the existence of the law. I have mentioned it before, but it warrants mentioning it again. With the current guidelines in place, intelligent research of decisions before making them, and the ability to obtain a full refund if so desired, there is little else that can be done to effectively govern private franchising. Thank you for the oppotunity to share my point of view.