|Received:||7/2/2006 9:23:08 AM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I have been an Independant Business Owner for approximately 18 months, have been working with an excellent group of people who have not once falsified or led me astray about the Quixtar Opportunity. I have found new friends, and a new purpose for my life. I received a bounty of information that allowed me to make an informed decision on my own, and the fact that my franchising fee was completely refundable made it so that I did not have to worry. I provide people that I sponsor with the exact same information and make every effort to help them make an informed decision of their own, whether that be to join me as a business owner or not. They understand that this business takes work and at any point they can make more money than me. They also understand there is no gaurunteed success. Franchise fee is approximately $180. The seven day waiting period would severely inhibit me to grow my business. Large companies don't require a 7 day waiting period to hire an employee, why should this be any different. The prospect receives all applicable information that they need to make an informed decision, a mandatory 7 day waiting preiod wouldn't help the prospect any, it would hurt all current business owners. Providing for references would be a violation of privacy. When I bring a prospect around my team, they have references immediately when I show them the opportunity. They can meet and talk face to face with any of my team members, they don't need a list of references in my area. What if I start a business in another city where I do not have a team? How would I be able to get references then, and how would I know if they are good references being that they would not be on my team? The requirement to provide a litigation list isn't a good idea. Walmart gets sued every single day, most of the lawsuits have no merit, just someone trying to get rich. That goes with all companies. Any person wanting to know about the history of Quixtar is recommended to go to the Better Business Bureau and/or Dunn and Bradstreet. Requiring to disclose how much an IBO earns doesn't help to decifer to a prospect whether the business opportunity they are seeing is legitimate (as Quixtar is) or illegitimate. The person may divulge information that seems appealing to the prospect, but it can still be an illegal business opportunity. I don't ask my boss how much he makes, the people I prospect are simply questioning whether they can do it themselves. This information is not pertinent, because my success is dependant on me, and my past successes or failures is not indicative of their income, nor is it indicative of my future income. I support the FTC's desire to weed out the illegal businesses which are hurting the Citizens of this incredible country. But if the business is illegal to begin with, what makes us think they will do any of the things required in this litigatiton? The best way to fight it is with education.