| Comment Number: | 522418-10157 |
| Received: | 7/15/2006 8:26:22 PM |
| Organization: | Quixtar |
| Commenter: | Dick |
| State: | IL |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Re: Business Opportunity Rule R511993 Please make any changes necessary to force the owners to give a NET income figure to recruits. They brag of 6 figure incomes but never mention all the expenses. Perhaps there aren't any for those at the top? My son is involved at the entry level and is taught to not recognize the expenses of seminars in other states and the required TOOL order costs totaling in the hundreds each month. All he is allowed to hear is the supposed large incomes made IF you stay dedicated to the business. Actually you need to recruit the right number of new independent business owners and earn a specific number of points before any small profit check is issued. I do not know his specific net loss but I know he got a full refund on his income taxes and would have gotten more back if allowed. This says there are a lot more expenses then income and the millionaire lifestyle they promised isn't going to happen. Unfortunately young people only see and hear what they want and this particular business opportunity is more of a business cult that does more brainwashing than profiting the new owners. I realize a business sometimes takes money to make money but I think Quixtar is about using the new business owners to purchase seminar tickets, booklets etc. to profit the top people. Someone is making money but it isn't you. They tend to prey on college students or young people in low paying jobs. They discourage college education since all it does is gives you more debt so why pursue an education when they promise a 6 figure income in less time than your degree. Please stop this and other businesses from misleading people.