Comment Number: 522418-08534
Received: 7/12/2006 11:14:30 PM
Organization: Web Enterprises
Commenter: John Webster
State: MT
Subject: Business Opportunity Rule
Title: Notice of Proposed Rulemaking
CFR Citation: 16 CFR Part 437
No Attachments

Comments:

I have been an independant business owner for just over three years now. Currently I use the profits from my business to suppliment my other income. My plan is to build my business to be my sole income. I agree there needs to be a fair and even playing field for all businesses and that there is a uniform code of conduct. I contract with Quixtar to supply products to my customers and myself. The registration process is quite clear and I was told to check out the business plan before considering registering. When I speak to prospects about the business opportunity I tell them to see the presentation more than once and they can not register at the first plan presentation. Anyone getting into a business must do their research which I encourage. I tell them it is hard work and not a get rich quick scheme. If they are willing to do the work they will be rewarded. This business is also affordable for most people to get started. For under $200 a person can start their own business. I have been supported and trained in depth from my sponsor and others in the same business. I provide this same training for people who I sponsor. I feel the proposed 7 day waiting period before being allowed to register is not needed. Persons I sponsor are making an well informed decison before they register and know they will receive my support and training just as I have. I also oppose the proposed requirement for providing references. If I had to provide references of other independant business owners to a prospect I could loose sponsoring that prospect to another IBO. By requiring this it is feasable that I could do all the work to locate and inform a business prospect only to loose all my work to someone else. This could potentially cost me substaintial earnings. I also find the reqirement to provide a list of litigation of the "seller" unmerrited. Just who is the seller is not clearly defined. Also should every person in business be required to post a list of litigation on their store front. Not at all a realistic proposal. The proposal for financial substantiation is also too vague. There are no parameters to even comment on. What I do share with business prospects is where I am at. I use a verifiable form that explains what a person can make in the business and discloses the average business owners income. Thus I already have a verifiable statement for this business model. I see no need for personal substantiation when this business model alerady provides disclosure. Free enterprise opportunity is what makes this country great and provides everyone who desires the opportunity to be financially independent and provide valualbe products and services to many. I agree there needs to be a standard for all business owners to abide by. However these guidlines should not inhibit small business opportunities. I urge the FTC to carefully examine the proposals and their effects on small business. Small businesses are the largest section of commerce in this country, please do not over regulate my opportunities. Thank You, John Webster Missoula, MT