| Comment Number: | 522418-05356 |
| Received: | 6/30/2006 7:30:38 PM |
| Organization: | Quixtar |
| Commenter: | Steven Graf |
| State: | NV |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
A waiting period of 7 days to register prospective IBO's would hinder the growth of my business because it would hold up some of the fast growth spurts that may happen and hinder that person from getting right into building their business; and is not necessary because they have 90 days to get their money back and exit the business after they register anyway. Giving the prospective IBO 10 references from my business would be unfair because any of those 10 people could call them and register them before me if I did that; which would cause too much tension. Disclosing past litigation cases is unfair representation to our Quixtar business because many of those cases were unfounded but would still create negative thoughts in the prospective IBO's mind anyway. Because people are naturally skeptical. If a person needs to know the reputation of a business all they have to do is check with the Better Business Bureau and Us Dept of Commerce for facts. It is unethical to require me to show my income from any business to a stranger. That is breaking my privacy and the business plan already discloses the potential income a person can make at all levels of the business model. We already share the average income of IBO's in our plan and let them know that success is optional. Also, if a person is not feeling like they want to progress with the business or is not happy with any of the materials involved they already are guaranteed all of the monies back. When we share the business plan all of the above information is disclosed immediately which allows that prospective IBO to make an informed decision. They know with the information they receive that it is not a get rich quick scheme and that hard work will be required.