| Comment Number: | 522418-07573 |
| Received: | 7/11/2006 10:37:03 AM |
| Organization: | IBO of Quixtar |
| Commenter: | Brian Littrel |
| State: | FL |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Greetings, I congratulate you in trying to spruce up our way of doing business, however there are a some things that could hurt us real companies. 1. The 7 day waiting. This would impede the new person and their ability to register their friends and family. I am not sure how this would help them have a better understanding of our business. 2. References. This is terrible, this could cause real business alot of confusion, if a prospect fails to mention that the were showed the plan by another IBO, then one of the references could register that prospect, leading to people thinking that this is a fraud of a business. thus having the opposite affect intended by FTC. Not to mention possible lawsuits over who was to register who. 3. Litigation List. Wow! this is a doozie, a litigation list. This opens credible companies to fraudulent litigation that is ALLEGED. Compitition companies would file lawsuits that may or may not be true, or disgruntled IBO's who didn't get their way. Moreover fraudulent businesses won't comply anyway, this would only harm real businesses. Do traditional businesses have to do the same? businesses that have a long record like Quixtar,Avon, Mary-Kay. These companies should be exempted as they have already proved themselves. Also, only decided cases of guilt should be required for other companies, not alleged, and not pending, only those where the company was guilty. All businesses should be required walmart, hyatt, ect. 4. Specific earnings. This is a waste of time, I know that on the material we (IBO's) use it is listed the average IBO income, we also use a specific form sa-4400 that gives average income info for a variety of income ranges. I don't think this propasal would be meaningful, as again fake businesses won't comply or they would lie anyway. also do traditional business have to complyu with this proposal? Besides, what about the new IBO in their first year? most don't make much because they are in a learning phase, learning to think like business owners, some like me have been involved for years, and I'm just now understanding how to be effective with Quixtar. About me. I am married, with two children. My wife is an anesthesia provider at area hospitals. I have served honorably in the Army 14 years, and have owned a traditional accounting business. I chose this business over traditional business, because it alows me to spend more time with my family. I have not missed any major milestones with my kids, like first words, first steps, ect. If I still owned the accounting practice, I would have missed it all. My wife has been able to reduce her hours at work, because of the guidance we've recived from the leaders in our business, they are the greatest! The Quixtar business has changed the way I treat people, I no longer bark orders, and demand perfection. I am more peaceful, and calm. People now like me because I'm not hard on them. Even if we don't become a "Diamond" or millionaires, I will always know this was on of the best choices I ever made. I think that if you go through with these proposals, there should be exclusions for companies who have sales of at least one billion dollars annualy and above, or that have been active in business for seven or years. Parent compaines existance would not be included in the time requirement, nor would their sales. This would not waste the time and money of real businesses who have already proved themselves. Thank you for your time and for thinking these proposals through a little more, and refining and clarifying the proposals. Sincerely, Brian Littrel