|Received:||7/9/2006 11:57:40 PM|
|Organization:||Gilligan Motivational Enterprises|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I have been a Quixtar Independant business owner for 6 years. I read the proposal and have 4 issues I would like to discuss. In the first place,when I was registered I received a bunch of information from my sponsor on how this business functioned and the business compendum from the corporation describing in detail all the rules and regulations to make this business work. Since then the IBOs that I have sponsored have been inadated with the same mass quanities of information requarding this business. Secondly, I do not think that the proposal should include making a prospect wait 7 days before registration... I registered Tom ( who later became my husband ) the night before flying out to Oregon for a business seminar.. He could not have attended this function if he was not a registered already...so that part of the proposal would have kept him back from attending that function. Another issue that I have with the FTC's proposal is the requirement to provide references to prospects. Other IBO's have just as much right to protect their personal information as the prospect has a right to meet other people in this business. Before I was sponsored, I went to the next local meeting where I met many IBOs from all different walks of life. I think that if you want prospects to know who they are getting into business with then they should actually MEET other IBOs, not just be handed a list of references (which should they choose not to get into the business then other IBO's information would be open to violation). The third issue I have with the proposal is the list of litigations that we would need to provide. We all know how little it takes for people to sue someone else - for some reason our generation has decided to not take responsibilty for the things they do, a lot of people like to blame others for their problems. It just isn't an accurate picture of our legal background and business competency. The final issue I have with the proposal is the requirement of financial substantiation. Again this breechs a privacy issue for other IBOs. My income in this business has gone up every year (that I am very proud of) but that income amount reported to a prospect who earns 100k in his job would not be that impressive; thus selling short the opportunity of this business all because of my income ( that was, in my case,able to replace the money I made from waitressing) Thank you for considering my input!