Comment Number: 522418-05851
Received: 7/3/2006 9:20:55 PM
Organization:
Commenter: Debora Trainor
State: TX
Subject: Business Opportunity Rule
Title: Notice of Proposed Rulemaking
CFR Citation: 16 CFR Part 437
No Attachments

Comments:

This is a continuation of entry w tracking number 522418-05814. c) Requirement to provide a litigation list: Although it is a good idea, that information should already be available through the Better Business Bureau which monitors all business. Providing access to resources which openly monitor the companies would be plenty enough. Providing this information will not encourage the either the prospect or the new independent business owner. Since less than 20% of the prospects who see this business, and less than 20% of those who do choose to participate remain in business after two years, knowing the legal statistics apart from what is listed at the BBB and other monitoring sites would be overkill, at least in this business. d &e. Requirements for specific Earnings disclosures: In my business presentation the average earning of the "active" IBO is stated, and although the item is only the average, it is often enough to attact attention with the proposed growth plan presented. I think promising anything would be unreasonable, as the work invested determines the income at every level. No IBO in Quixtar that I know of started at any level worth mentioning, all success was earned. Those who prosper are those who keep doing, and those who do not, for a number of different factors. As far as substantiating my income from participating in the Quixtar marketing development plan, I feel the revealing of my income based on this business is my personal affair as well as the IRS. It is not something to be published or shared for public consumption. If I am a starting IBO with little to show for my efforts , providing a statement of my income earning will serve as a discouragement for those who perhaps are more financially sound in other jobs and businesses, and who would chose to participate with me due to my dedication and energy to pursue this business if my current earning did not have to be revealed. The revelation of my income in no way reflects what they could earn, and for those who want a get rich quick scheme with lots of money right away, this is not the business for them in the first place. Quixtar has a way of leveling the playing field so that all Independent business owners regardless of race, gender, experience, language, ancestry, socio-economic status, age and others have the opportunity to build and see for themselves what it means to work for themselves and to have "the American Dream" of freedom. It would provide an unfair advantage for those more successful in other areas who can afford to do more, buy more, and know others who can also over those who are working their way out of debt, poverty, and do not have many productive relationships yet with people not in the same boat. I am a single mother, my challenges are my own. I have earned back my investment annually, and intend to proceed with this business until I am successful. Leaving the opportunity only to the financially successful in the first place would make the pursuit of happiness a meaningless act. I love this business, the people, the personal development, and eventually I will learn to love the income which I am diligently working to earn.