| Comment Number: | 522418-11177 |
| Received: | 7/17/2006 6:16:48 AM |
| Organization: | ebuyeronline.biz/k&l enterprises |
| Commenter: | Kent Horiuchi |
| State: | HI |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
To Whom It May Concern: My wife and I have been Independent Business Owners (IBO) with Quixtar as our servicing company for over 6 years. Our training organization, Worldwide Dreambuilders, has helped to develop us as business owners. The side income we have made over the years is fair commensurate to the time that we have are able to commit. This business provides an opportunity for every person to succeed. It does not require high capital or a business background. Like those who came to America with nothing but a dream, a desire and a willingness to invest sweat equity, everyone starts at the same level - whether you are a high school graduate or an attorney. The common man can start a business and achieve his dreams and goals. You cannot "buy" your way to a higher level. Our registration experience was very informative. It was not done overnight, as we met with our sponsor and platinum several times prior to us making a balanced rational and emotional decision. We present this business in the same upfront manner, never portraying it as a "get rich quick" scheme but more often than not, advising them that it is otherwise. We present this business opportunity with hope but no guarantees. We advise that they will get out what they put into it, meaning work is involved on their part and we are there to support and help them. Although the value of money is relative to each individual, the registration fee is insignificant relative to starting a traditional business. In regards to the proposed issues: No IBO signs up under duress but under his or her own accord. Therefore, why is there a need for a waiting period? In this business, a prospect cannot be cornered into doing something he does not want to do because he is NOT and employee. Hopefully, he or she has reviewed all the information given, read the available literature, spoke to those successful in the business, met other IBO's building the business and are comfortable with the organization that has approached them. The time to do all of this research already allows the prospect time to consider if this is what he or she would like to pursue. If this was a business where the investment was significant, we can understand the reason for disclosing personal information for reference sake but it’s not. There is so much protection over personal information in other industries why would this be any different. Prospects are invited to informational meetings, given required information and if diligent enough can be resourceful in getting more information elsewhere. Why doesn’t Wal-Mart or other large corporations disclose any of their past lawsuits openly to potential employees? Our business has more safeguards in place for protecting potential IBO's than most large corporations do. Income averages and potentials are already disclosed in informational meetings and in hard copy form SA-4400. These figures have already been reviewed by the FTC so should be sufficient for prospects. Again, it is up to the individual to do their due diligence on the company as many attorney's in the business do. To be required to disclose personal income would be discouraging to those just starting their business. This is not a get rich quick business, which means that some IBO’s may be quicker at making money than others. We edify our upline platinums and above on the income they have produced until we can do the same. They provide the credibility until we have created our own.