|Received:||7/13/2006 4:13:02 PM|
|Organization:||Quixtar- Espinosa International|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I am writting in regards to the proposed draft that would cripple our business, and the idea of free enterprise. After seeing the Quixtar plan for the 5th time, and a month after my initial meeting, I made the educated decision to begin my own business. While attending the University of Illinois at Urbana-Champaign this has allowed me to cover books and tuition, instead of relying on additional student loans. A seven day waiting period for approval is not required by the government for ventures such as pizza shops, books stores, coffee shops, and it would be unfair to single out our business. We openly discuss failure, and in my first meetings I discuss the work that it will take to become accomplished. They realize that although it will be hard it does not take any special talent or previous expertise knowledge to grow. There is also no reason for a letter with references to be passed out. This offers prospects to chance to run into a highschool friend and get in their business, or the chance to ask an individual who did not see success and tells their "horror" story of the business. We see local business changing everyday with new shops replacing the ones that did not quite make it, so should we require new business to call others who have failed in the area and ask their advice on success? No. There is no doubt this bill will see much revision then become an asset to the company by shutting down fraudulant scams, but until that time it would be unfair to attack the industry as a whole.