|Received:||7/15/2006 3:52:06 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:As an automobile mechanic I have learned many things, but I have found one thing that is most important. That is having your income in more than one place. As a mechanic, there is a possibility of being hurt on the job, being laid-off, and pay-cuts, and possibly low amounts of work. When I saw this business opportunity I saw a way for me to establish a retirement plan that revolved around my "spare time". The entry fee for a new IBO is less than $150 and most of that can be refunded. That is an incredible deal compared to opening up my own mechanic shop, which has been a big dream of mine for a long time. Now, I can own my own business and work with my passion as a part time income also. I don't make any money for just registering people, nor do I make any money for them failing in this kind of business model. I must put forth time and effort to build their structure before I can benefit. It truly is an awesome concept! Prospects have access to an unlimited amount of material, presentations, and IBOs like myself at these presentations for free. Each prospect has the right to choose if he or she is ready and willing to work with this kind of business. This business is NOT a 'get rich quick' scheme or a pyramid! It is a long-term daily devotion to building people, lives, and businesses. The money is just a perk. When I read about this rule I was appalled at how quickly the FTC was trying to short the entrepreneur lifestyle to pinpoint the bad apples! This is a great way for people to start and own his or her own business do not take away our chance to be in control of our own destinies.