Comment Number: 522418-07421
Received: 7/10/2006 7:57:58 PM
Organization:
Commenter: Gregory Gempler
State: ID
Subject: Business Opportunity Rule
Title: Notice of Proposed Rulemaking
CFR Citation: 16 CFR Part 437
No Attachments

Comments:

To Whom it May Concern, Thank you for your time in reading my comments. I have been a Quixtar IBO since the company started in September of 1999. I have nothing but high praise for the corporation as well as the other individual business owners that I have been associated with or have witnessed. We strive to present our business opportunity as clearly as possible and are always careful to give a balanced outlook for prospects to consider. I am very concerned about the proposed rules that would unduly burden our opportunity and urge you to use restraint in enacting any more rules than are currently in place. Our business sets the standard for all other businesses to aspire to. Our money back policy ensures that no persons can be taken advantage of with start up costs or inventory requirements. The cost to start your business is so minimal that it is available to even the most humble of incomes, such as when I first started. I have been blessed to have a thriving Quixtar business that now allows my wife to be a full time mother for our children and simply can't put a price on the value that brings to our household. Putting rules on this business such as reporting any litigation ever brought against Quixtar or IBO's is like opening the door on a bathroom to read any bit of slander or false accusation that someone may want to hurl. It is unfair to all the people that work hard to build their businesses with integrity and professionalism. There are plenty of laws and safeguards and remedies for the real offenders and this rule would be a miscarriage of unvalidated information. Having a waiting period, particulary in light of our refund policy, is an unneccesary burden as well. Many of us build our businesses in the very little spare time that we have and having to put a time line on sponsoring a new IBO puts an undue burden on us as well. It would most certainly add weeks to a process that should only take a day and would harm our growth without provinding any benefit to the prospect, when if they decided to do so, they could be refunded and have no loss to them at all. Requiring a person to provide references of other IBO's in an area is also a poor business rule. I have worked hard to build my relationships on trust and respect and having to refer people to other IBO's just because they are in Quixtar also, is rediculous. Businesses never refer someone to another business that they are competing with. Telling us to do so is incredibly obtrusive and burdening. Regarding income disclosure, we in the Quixtar business use the SA-1440 to disclose income of all IBO's and is the appropriate document to do so. My personal income is not anyones business except my own and to ask people to provide that is an invasion of our privacy and is also asking others our prospects to take on too much. I can't imagine asking my doctor, CPA or mechanic how much money they make or how they prepare thier tax return etc., nor they asking me. I am not a publicly traded company. We provide ample information in the SA-1440 to give a very reasonable expectation of income. It is my sincere belief that other business opportunities need to conform to all the practices that Quixtar has enacted and the public would be well served and protected. Please do not burden us with the faults of others. Quixtar is the standard by which others should be measured. Thank you for your time and consideration. Sincerely, Gregory A. Gempler