|Received:||7/12/2006 6:46:52 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:To Whome It May Concern, I have been an Independent Business Owner for 30 years. It is an opportunity that has been strategic to me and my family. The information I received when I inquired about the business was complete and professionally given. We have followed the rules as given us by the Quixtar Corp. and find them to be very informative and helpful to the prospective individual. A prospective person can expect to spend an inital amount of @$60 to register plus an optional product pack of @$55. All of this is refundable if the individual decides to return it. We tell the individual this at the time of registration. There are no benefits to impose a 7 day waiting period before registering. As stated they get a full money back guarantee, so any waiting period becomes a penalty rather than a help to the individual, because they could begin generating income to their business immediately rather than waiting. No business I know of operates like that. We generally introduce prospective business partners to others who are doing the same so that they can share their experiences with the new prospect and give him/her insight as to how they view the business and this is helpful. Giving someone a list of references of other business owners in the area would be very impersonal, and we already give them an opportunity to meet and talk with existing business owners, so that seems unnecessary Providing an individual with a litigation list would be very negative and does not represent my business, my business practices or anyone in my organization. I don't see how this would benefit the prospect. I don't know of any other business that does this or would consider doing this as a means of giving the individual good advice. We presently use the standard information as provided by Quixtar as to income potential. We use approved literature and statistics. We find that way we don't have to apologize for any misinformation. We have other businesses that we own and run also. I can't imagine being required to show financial records to someone who may be looking into a similar business. Besides, they may have much greater potential, why would I want to stifle them?