| Comment Number: | 522418-04641 |
| Received: | 6/27/2006 7:22:47 PM |
| Organization: | My business is Powered by Quixtar.com |
| Commenter: | Boone |
| State: | TX |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
First --- I want to say that I support any legislation that will protect our society from bad business frauds, or scams. I've been around long enough to have witnessed people that have been hurt by people claiming to offer a get rich quick scheme. What I'm against is punishing the good business models for the wrong doings of the bad businesses. What may be necessary is a sort of compromise/tailored approach. Let me share a little about my experience with the Quixtar business model. I've been associated with the Quixtar.com business for several years. The business environment, along with the skills learned in order to be effective have helped me to develop a business that has paid in more ways than just financially. In addition to the financial rewards from the business (considered substantial by some, and pennies by others), I've been able to provide a business atmosphere for my family, use the skills that I've been taught by mentors (associated with the Quixtar business) to perform better on my job, which has positioned me for promotions/incentives, and other perks associated with the implementation/use of strong leadership skills. I don't have a problem with the seven day wait period myself as I typically don't register people for that period of time anyways. I do have an issue with the need to disclose how much money I'm making...that may encourage or discourage the potential business owner. Why allow my current income to play a role in weather or not the prospect chooses to become involved. Just as "my" grades shouldn't have an impact on whether or not a person goes to college, I don't think me disclosing my income should be a factor in whether or not a person becomes registered with Quixtar.com. I think what we provide currently "avg monthly gross income" is sufficient. I'm also opposed to the need to provide references of other local IBOs. I don't want people that I don't know using me as a reference for their business without my consent. How could I give a fair referral without knowing the person that the individual would be required to work with, along with what plan is used with the quixtar business model. I can only be a referral for someone that I know. The litigation list would be just another thing that we would have to explain that most woudn't use as a determining factor on whether to register or not. If the peopel are dealing with me -- they don't have anything to worry about. If I'm not handling my business in the proper way then ---- the company IBOA board has rules/regulations that will handle me, and protect others from being impacted by me with respect to the business. Well that's all that I wanted to say. Thanks for listening, and I hope that things can be handled in a way that wont' hurt those of us that are conducting a legitimate business.