Comment Number: 522418-10215
Received: 7/15/2006 11:00:59 PM
Organization:
Commenter: McWatters
State: FL
Subject: Business Opportunity Rule
Title: Notice of Proposed Rulemaking
CFR Citation: 16 CFR Part 437
No Attachments

Comments:

I have been involved as an independent business owner since 1998. Every sale and every expansion of my business has provided exactly what I was promised prior to my registering as an independent business owner. I am retired military, and have found that the principles taught through my business opportunity have made me a better person in dealing with people. The information I provide to prospects and those that choose to register is current, accurate, and approved by the servicing corporation. I have had one person decide to leave their business, and their money was refunded in full. They turned in their registration and product pack. I was allowed to keep the product pack, at no extra cost to me. A seven day waiting period would provide no benefit to prospects, as we offer to provide opportunity meetings for them before they even register. This is so they can see that the business works before they register. Providing a list of local business associates would be a gross invasion of privacy. We are not allowed to use our line of sponsorship for other than our personal business transactions. The same applies for our clients. I am not willing, or is it just, for my name to be given to anyone that I don't wish to be privy to that information. We have a close knit team, and would not knowingly recruit another business owners prospect. It is normal practice to refer a prospect back to the orginal business owner they talked to. We provide opportunity meetings on a one-on-one basis, a home meeting involving 2 - 40 people, and weekly meetings where the whole business team is together to support the opportunity meeting. This provides prospects opportunity to meet people at all levels in the business, and see that at what ever level you choose to operate at, you are accepted. When the opportunity is presented to prospects, it is stressed that work is involved, and that it will take 2 - 5 years of hard work to produce the income that is presented in the business plan. There are no guarantees made, except that if they do the work, as instructed, income will follow. Since we are independent business owners, we should not be required to provide any litigation information concerning our servicing corporation. That information is available through the Better Business Bureau. If a particular business is not listed there, I would not recommend being a part of it. I do not provide any information concerning my personal income earned through my business, as it has no bearing on the earning potential for the prospect. If I choose to earn $10 a month, that is my business, and does not benefit the prospect in any way. If they do the work, as instructed, they will earn they type income described at every level in the business plan. It would not be appropriate for the prospect to know my personal income, as that is based on each business owners desires. They may have completely different plans. They will receive the same help and encouragement if they do the same, more, or nothing at all. Everything is based soley on individual desires. Privacy invasion will do nothing but hinder this business and personal opportunity.