Comment Number: 522418-08545
Received: 7/12/2006 11:31:17 PM
Organization:
Commenter: Tamas Jakab
State: VA
Subject: Business Opportunity Rule
Title: Notice of Proposed Rulemaking
CFR Citation: 16 CFR Part 437
No Attachments

Comments:

My wife and I would like to share with you our personal experience with the Quixtar Business Opportunity and more specifically address certain areas in the “Business Opportunity Rule, R511993”. My wife and I have been IBOs since March of 2003. During this period we have been able to pay all of our debtors (numerous credit cards, school loan, home mortgage and car loan) and because of our current financial position my wife is able to stay home and is not required to work a job to earn income for our family. While only a small portion of the funds we used to get out of debt came from our Quixtar business, we know that our income will increase as we work harder and smarter. However, we also know that the solid financial mentorship we received from our mentors enabled us to get to this point. Additionally, due to the association with the business team and the reading of various books, my wife and I have grown closer as a married couple and our relationship is getting stronger every day. During the past three and a half years we have seen our mentors display the highest integrity and morals and they have gone out of their way to ensure that our business succeeds. Therefore, when we speak with a new prospect about the Quixtar business opportunity, our goal is to provide them with accurate and complete information and answer all of their questions with sincerity. There is no financial incentive for us to have new business owners register in our group and then quit when they find out that we have misled them in any way. We build our business based on trust and hiding information from a new prospect from the very beginning would undermine that trust. I would like to focus in on two areas of concern for us in the “Business Opportunity Rule, R511993”. Asking a new prospect to wait seven days after receiving disclosures to start their business does nothing to prevent dishonest companies from preying on innocent people. At the same time, if a new prospect decides that they are ready to start their business during those seven days we don’t believe that we need government regulation to stop them from being able to make that choice. This is especially true with the Quixtar business opportunity because, if for any reason a new business owner is not satisfied, they are able to receive all of their money back. We are glad to give a refund to business owners who decide not to continue with us because we know that our business is based on good word-of-mouth advertising and it has been proven that bad word-of-mouth spreads even faster. While everyone who uses Quixtar to power their business is taking part in the Quixtar business opportunity, there are several teams with different philosophies and we are only able to ensure that our business team does everything by the book. Providing new prospects 10 references to speak with does not help them decide whether or not this opportunity is right for them. This exposes a new prospect to several harmful things. They may get the names of people who decided not to do any work and have not succeeded in business, they may also speak with someone who decided they only wanted to achieve a certain level of income while this new prospect wishes to make a lot more income; additionally, they may also get to speak with someone in an entirely different team where things are done quite differently from our business team. At the same time, a new prospect has the chance to meet, speak with, and ask questions of business owners when they attend an information session about the Quixtar business opportunity. Indeed, we encourage new prospects to get as much information as possible and meet the team before registering and starting their own Quixtar Business. Thank you for considering our comments. Sincerely, Tamas and Carrel Jakab