|Received:||7/14/2006 2:12:31 PM|
|Commenter:||R. W. Bransford|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:My wife and I have been IBO's for12 years. We are silver producers and though not active for a time due to medical challenges in the family, we always received income. Our associates are given information of people who have been succesful, our sponsors and our mentors to contact. It is just good business. We promote being an IBO as a stable business venture that requires work and time just like any other small business. Normal registration with product pack and catalogs is a little over $150.00. All is refundable within 6 months. A couple have signed up, found the business was not what they wanted, requsted a refund and received it. Most who quit came to us and said - we have learned a lot, it's not for us, but what we learned will help us in our chosen fields. I have worked with Quixtar IBO's across the nation and find that most are just like us - want an income besides what our jobs are providing or want for one spouse to be able to stay home to raise a family. This is a venture they can accomplish without a great deal of monetary investment. To place excessive requirements of written notice, references, and such will be a burden to the small businesses. Most of the information listed can be obtained on the webb anyway and I know most of the people we have worked with have more information than we do about problems of being in business. However, we build our businesses on our reputation and strengths and work with people of the same attitude. We understand your concern in trying to protect the public from scams and "get rich quick" ventures that will only take their money. There are choices we all must make in going into a business venture. Putting the burdensome disclosure documents and delays in registering on a small business will hurt their ability to perform. Most likely the get rich quick schemes will figure a way to comply without ever blinking an eye. My wife and I have always owned businesses - a marina and repair business in Florida, a commercial sharpening business, a lakeside recreation business, and a Gun Safety school in Texas. All were very successful. We did sell a couple of them because we were tired of the red tape and regulations that had been placed on them. We ask that you reconsider placing more requirements and disclosures on these small businesses to further encumber independent business owners' ability to make a living and support their families.