| Comment Number: | 522418-05476 |
| Received: | 7/1/2006 2:29:50 PM |
| Organization: | Quixtar |
| Commenter: | George W Love III |
| State: | HI |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Without getting too "wordy" I have never been associated with an organization that has ethical standards higher than Quixtar or my mentoring organization Wold Wide Group. We don't make unsubstantiated claims about Quixtar. The best part my association in this business has helped me become a better person - a server of people rather than a taker. I have a family instead of a broken home due to this business. What I am trying to say the benefits for having Quixtar as part of my business go far beyond dollar and cents. I worked for the Natural Resources Conservation Service (Soil Conservation Service) for nearly 30 years. Attempting to read the proposed Business Opportunity Rules brought back memories of attempting to decipher and interprit rules for conservation work. Trying to write for the average person and lawyers is very very challenging. The following is some ot the things I see. I'm looking at this from the perspective of someone that wants to add a second income stream to his job or business. Most people are doing this on the sice to what they are already doing. Oh! yes one other thing Quixtar has already gone thru the fire of very close scrutiny by the FTC why not set these same regulations for every business of this type. Maybe you alread do - I dont know. 1. Why have a waiting period to register? Require everyone to have a money back guarantee if they are unhappy. 2. Why require 10 referebces? The IBOs I know have jobs, families, and business building time. I would get shot if their time was taken up by people I was working with. We have a large meeting once a month and I have people go around with their own set of questions and talk to the Platinums to see if they say the same thing I said. 3. Past litigations WOW! When I worked for the Federal Goverment I cant see having to tell people about all the litigation involving a federal entity. 4. Financial discloosures - we already give what the average active IBO does when we discuss the business. 5. Provide personal financial information to a prospect. In a court of law but to every Tom, Dick and Harry. I am not against having this type of regulation. The concerns listed above would have an adverse effect on my business. People have to work into a business mode of thiking. They have to decide to add this opportunity into their already busy lives and unecessary regulations will chase them a way leaving them without the opportunity to create a second income stream for their fiamily.