| Comment Number: | 522418-05662 |
| Received: | 7/2/2006 10:33:48 PM |
| Organization: | Quixtar |
| Commenter: | Mark Kimpland |
| State: | NY |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
My name is Rev. Mark D. Kimpland. My wife, Lynne Kimpland and I are Independant Business Owner with Quixtar. I have been a Pastor for 21 years. At the time this was presented to us we were very willing to do our due diligence and get the answers to all our questions. The couple that registered us were very open, willing to help and answer any questions we had. Very simply this opportunity has changed our lives. It has not only increased our income but it has also profoundly impacted our thinking, relationships and hope for our future. We understand the importance of business ownership without overbearing governmental control and policies. In addressing certain requirements from the FTC I would like to share our thoughts: 1. We were so glad that there was no 7 day waiting period when we got registered. We got started on day one and completely understood that any where along the line we could get a full refund of our money within the first 180 days. We see no need for the 7 day waiting period and see it as a stumbling block in our business. 2.We were aghast at the recommendation to provide 10 references to new IBO's. First, there are privacy issues that I feel would be violated. Next, it makes no sense from a business standpoint. New IBO's always have an opportunity to network with other IBO's and attend training meetings. This would profoundly effect the new IBO just getting started as their references may be limited. I thank God that I didn't have to provide my local church with 10 people's "opinion" before I was given a church. My credentials, enthusiasm and hard work was enough. 3. Providing a litigation list seems upsurd. People are all very apt to GOOGLE the business any ways. I can not imagine a Walmart, General Motors, etc providing a litigation report to all its shoppers. Litigation does not mean wrongdoing but most people do not understand this. This one recommendation would be very detramental to our business 4. Presently we provide ALL prospects an earnings disclosure for the Quixtar opportunity. It is in black and white! While we must be careful about making false claims we also must provide the potential of this opportunity! "IF" the new IBO does what the material sketches out the money will be there. As far as a personal financial information disclosure you must be kidding! How very inappropriate! Is there any business that operates that way? Lawyers, doctors, dentists, CPA's, etc. The simple fact I understood from day one is that it did not matter what our sponsors made it was dependant on what we did. I hope the FTC will truly understand the potential and service provided by small business in relation to the American economy. While ALL business should be fair, just and ethical, I feel that this opportunity is just that. As a Pastor, if it wasn't, I would not be involved. We are setting the pace and feel that the FTC new recommendations would be a grave hinderance to an already thrilling opportunity. Mark & Lynne Kimpland Proud Quixtar IBO's