| Comment Number: | 522418-09105 |
| Received: | 7/13/2006 10:56:26 PM |
| Organization: | Quixtar.com |
| Commenter: | Panat |
| State: | CA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
We would like to take this opportunity to express our views on this proposal. We signed into the business a few years back, however, have been ACTIVELY building the business for approximately 2 years or so. Our sponsors and mentors have been nothing but wonderful in letting us take our time in learning the business and it's ins and outs until we were ready to go full force. What the Quixtar business has done for us and our family, is absolutely precious, in that no job or other venture would give the options and opportunities that this business has. The Quixtar business has not only given us the opportunity for a financially free future, which we feel we would not have gotten from anything else out there, it has also instilled positive values, beliefs and upbringings that we were taught as children, and hoped to bring to our future. It has given us an opportunity to meet many people, given us incredible, lifelong friendships and mentors, and a positive, legal, way to the future without hurting or harming anyone or anything along the way. This is something we have never seen before, especially in other businesses (ruthlessness) and corporate America. The Quixtar business has also played a big role in acheiving many of our goals, which include our finances getting better, our relationship with each other & people around us improving, and has increase our awareness to healthy lifestyles. In regards to the proposal, touching on a few aspect, we would like to comment. The requirement of a 7 day waiting period is not necessary in our opinion. If someone is ready to build a business of their own, they should be given the opportunity to do so. If they require more information, they are more than welcome to research whatever they want, and make an educated decision when they are ready to do so. However, if they are ready immediately, that is their call nothing should stop them. Especially if they are ready to sign other people who are ready to get started, it is giving them a wrong impression, and the speed at which their business can potentially grow, can slow down for a matter which could be avoided. If they feel that the business is not for them, they have a money back guarantee (for what we feel, is a significant number of days). As for providing references, I feel as though it is invading personal (IBO's) privacy when giving out addresses and phone numbers. As it is, the (new) prospect is welcomed to meet many people who are building the business even before signing anything. They get an opportunity to ask questions to people of different backgrounds (ethnicities, jobs, financial,& success) and get enough information that they need/want. The requirement to provide a litigation list is also not necessary. If this were the case, EVERY company we ever worked for would have to provide this information, and if the prospect would like to know, they will get the info. Finally, the requirement for financial substantion. In our business, we have been able to use the income we get from the Quixtar business, to fund our business. In turn, we are profiting and are very happy about it. We feel financial information, regardless of what business or job you have, is a personal thing. They can ask and we can disclose to our discretion, however, they can get what an average "active IBO" makes from the plan. We were given the same information when we started building the business and were perfectly content with what we saw and heard. We have also seen our mentors increase their lifestlyes and get better with finances, which has given us enough proof of the money that can potentially be made in this business. We have also learned through research and experience, that this business is totally upto the IBO on what they want and how much are they willing to work for. We don't feel that it is necessary to disclose finances. Overall, these are our opinions and most of all, our experiences and feel that what is, just perfect the way it is.