| Comment Number: | 522418-08611 |
| Received: | 7/13/2006 1:58:44 AM |
| Organization: | Quixtar |
| Commenter: | David Nagy |
| State: | WA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Gentlemen & Ladies, I find it necessary to provide comment on your proposed Rule to regulate 'Business Opportunities.' Let me describe my experiences with this organization and how I became an Independent Business Owner. About 1 year ago, I was approached by my Sponsor and asked if I was interested in taking a look at a business opportunity. As I alway keep my options open, I agreed. My Sponsors, husband and wife, came over to my house to show me a business plan, talk about my dreams and goals, and provide a foundation for me to do my own research about this opportunity. I was provided a business overview with disclosures and a prospectus on the operation of the business. I was also afforded websites to go and research, both positive and negative to help me form my 'own' opinion as to my participation. I was promised nothing except for a helping hand to develop my business. It was made clear that this would be my business and through hard work and dedication to the process, would I see an income. Needless to say, I did my research and seized the opportunity. This type of face-to-face business building and opportunity should continue and be supported by your proposed laws. I support the idea of leveling the playing field for those businesses like Quixtar, while forcing compliance with some regulation on so-called get-rich-quick schemes. Your proposal is flawed and is excessively inhibiting to allowing me to build my business in an ethical and developmental manner. Why would you force legitimate businesses like mine to wait seven days to sign up and begin securing a future for interested parties. Our membership fees are guaranteed and refundable! We promise nothing but an opportunity to build independent businesses through hard work and dedication. A seven day waiting period....come on gentlemen, we are not selling firearms here. Your proposal also require me to give names of 10 Independent business owners to a prospect. Why would you enact such a rule if it forced you to disclose pricate information. We would be allowing disaster as it could potentially harm my ability to build my business and possibly help another steal my prospect. Why should I go about handing out money to everyone? I am an independent business owner, not Santa Claus. I hope you can tell I am passionate about myh business. I have built my business in my spare time and am earning approximately $300-$400 a month in residual income. I am ethical and I follow the rules. Lastly, providing litigation information to a prospect is burdensome. This is unnecessary. Due diligence gentleman, that's what is required and that is what we deliver when we speak with a prospect. I believe your proposal needs to be revisited and revise to either exclude such verbiage as discussed above or change it as to not inhibit my ability to build my Quixtar business. Your proposal does nothing but muddy the waters and allow those fly-by-night organizations to continue with reckless abandon. You are punishing legitimate businesses like Quixtar. Please reconsider your proposed rules. Thank You for listening.....Dave Nagy, IBO, Quixtar