|Received:||6/26/2006 2:46:22 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I am writing as a Quixtar IBO. I have been an IBO since November 2004; we run our business as a family my wife and I work together as a team with the support of our 2 daughters. It has brought my wife and me closer together, we work hard to reach goals that support our family give us hope and excitement for what our future holds. It isn’t just the increased income that has improved our lives it is the personal growth we have both gone through which has made us more caring and positive people. When we were sponsored in this business it was made very clear that this was NOT a get rich quick scheme, but something that would take hard work, honesty, and a willingness to help others that we had not yet developed in our lives. The income potential was shown clearly and honestly and it was made clear that it was and “example” and not a guarantee. When we sponsor people into the Quixtar business we do the same thing. Another thing that made us very comfortable when we started was the 100% money back guarantee… no fine print, no ** see below, just 100% money back if not completely satisfied every last penny. Every company should be as easy to deal with. (If it had been like my cell phone company “sprint” I would have run.) This is and honest Company supporting honest business owners. Some things that I feel would be crippling to my business is the 7 day waiting period before sponsoring a new IBO, occasionally we start long distance business relationships where traveling back to a location that is a 12 to 20 hour drive away, driving back one week later is not beneficial and also it appears to me that if someone were to start this business then have “buyers remorse” they would be covered by the 100% money back guarantee I mentioned in paragraph 2. Also it would cripple a new prospects business by limiting the amount of business they could accomplish in a short period of time if they were motivated to excel. Giving a list of other Ibos in the area to a new prospect is like giving away business to someone else, new IBO have opportunities on a regular basis to meet other IBO at continuing education meetings and other events. Also I don’t feel very comfortable with my personal information being handed out to large numbers of people I have never met. As far as disclosing litigation issues with the company this large is simply crippling for a small business owner, not only am I trying to learn a new business I now need to become a legal professional. That would destroy many many businesses. No one needs to know my personal financial history but my CPA my wife and the IRS, period.