|Received:||7/5/2006 1:47:34 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:To Whom it may concern, I am very concerned about certain burdensome provisions in the proposed FTC Business Opportunity Rule. First of all, what has made and continues to make this country great is the freedom to create, own, and operate a business. All government and other funding comes directly from businesses. As the United States and the rest of the world changes from an industrial age economy to an information age economy the structure and character of new businesses is rapidly evolving. As always there are both legitimate and illegitimate opportunities. I do not believe the proper role of government is to restrict legitimate businesses because a vocal minority of people have been harmed by illegitimate activites because they did not perform their own due diligence investigations prior to paying their money. The criminal courts already have sufficient resources to handle this issue and people have the ability and the responsibility to deal with this issue prior to spending their money. There is no way any level of regulation can replace buyer beware and the personal responsibility and accountability that implies and additional regulation simply restricts and harms legitimate businesses. The criminal activities will continue unabated despite any new regulations anyway. People should be responsible for themselves and not expect others to issue rules that restrict and harm legitimate businesses and eventually the people, the government, and the country itself by damaging the productive base that provides all that we have and enjoy. I am qualified as an expert on business by both education and practice. I have a BSEE and an MBA and many years of practical and firsthand experience as a business owner. I started a business powered by Quixtar a little over 3 years ago and in my personal experience as a consultant dealing with thousands of business and business owners over a 28 year period I have never found a better opportunity to create financial freedom for anyone willing to work than the Quixtar based opportunity. Not only is the business viable, honest, and possessed of significant income potential but the people and associations and personal growth opportunites provided are far beyond anything I ever before saw or even imagined. This is the best training ground for information age business that exists -- even at the University level. Despite all of my education and experience, I have learned more about business and people in the last three years than in the previous 52. This opportunity is available to all ages (above 18) and is equal for all. I have never found anything else I can honestly say that about. That being said there are certain provisions of the Proposed Rule that concern me greatly since they would seriously hinder my opportunity without curtailing abuses by others. First, a 7 Day Waiting Period should not be imposed. Those in my organization can receive all money back within 30 days of registration and a 7 day waiting period would make it difficult or impossible to properly register people and help them to get their new business started. Second, everyone in this business is an Independent Business Owner and hence in competition with everyone else. By providing References of 10 other IBO's I would be helping my competition to the detriment of myself and my team. Third, Specific Earnings Disclosures violate privacy and provide no meaninful information since earnings can vary widely from month to month and there are many variables that can effect these numbers but the biggest is personal effort. If people do not work in our organization they make little or no money. This is not get rich quick. This is an opportunity to build a real, lasting business and that takes time and effort. Fourth, much like above the provision for Financial Substatiation provides no meaningful information and violates privacy. If you must issue this regulation please eliminate these burdensome portions first. Thank you.