|Received:||7/15/2006 2:47:17 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
|Attachment:||522418-09972.pdf Download Adobe Reader|
Comments:To whom it may concern: I have been an independent business owner (IBO) in the Quixtar opportunity for almost nine months now. This has been a phenomenal opportunity to develop an additional income stream and an opportunity for personal growth. When I was initially approached regarding this opportunity I was prospected in a professional manner and was provided a great deal of information regarding the opportunity, the business model, the potential profit, as well as the average profitability of other active independent business owners. At no point in this process did I feel misled or uninformed, nor did I feel that there was additional information that woud have been more helpful that I was not provided. Additionally, in my brief experience over the last nine months of building my own business I have always made the commitment to provide potential business partners with the same level of information and detail regarding their potential for profitable growth. I have found for myself ,and those people that I have spoken to about the business opportunity that the Quixtar opportunity is by no means a "get rich quick" scheme, and should not be treated as such. In fact, having been a business owner outside the Quixtar opportunity, as well, I can assure you that it takes the same dedication to hard work and consistent effort in order to achieve your goals, and whether in the Quixtar business or any other business (dry cleaning, restaurant, you name it...) there is no guarantee of success -- that is the world of business and free enterprise. Also, as far as business opportunities go the Quixtar opportunity could not be more affordable, in order to get registered as an independent business owner with Quixtar it cost me less than $150, including tax and shipping fees. In my other business I spent more on tools at home depot each week. The Quixtar opportunity is incredibly affordable and it was also made clear to me that if I changed my mind about pursuing the Quixtar opportunity I was entitled to a full refund. Now, I ask you, how much more understanding, disclosure, or honesty in business could one ask for when first starting or opening a business? Also, I would like to address a few of the specific issues raised in the proposed ruling. The requirement of a seven-deay waiting period does not provide any clear benefit to business as far as I can tell. In fact, this seems only to hinder the development and building of a business in a free market economy, and could seriously affect the profitability of this or any other business oportunity. It is not clear to me how a seven day waiting period woud benefit a prospect, having been provided the information I felt in every way ready to get started building my business, why should I be forced to lose a weeks worth of potential revenue? Why not get started contributing to the economy right away? Also, having to provide references to other IBO's could undermine my business building efforts in a variety of ways. First, this certainly violates the privacy of myself and other IBO's by having to disclose address and phone numbers, in a day of hieghtened security and privacy concerns this is a slippery path to go down. Additionally, at meetings or seminars prospects already are introduced to and have the opportunity to speak with other IBO's already active in the business. Meeting these IBO's in person certainly seems like a more effective way to find out others' experiences than just giving out personal information. On the subject of litigation, this certainly seems like we are putting IBO's in the guilty until proven innocent department since having to provide a list of past litigation would not clearly indicate what volume of that litigation was frivolous. Can you imagine if restuarant owners had to disclose how many people had gotten sick in their restuarants, regardless of whether it was attributable to the food that they ate in the restuarants? Additional comments attached.