|Received:||7/16/2006 2:14:57 PM|
|Organization:||Teambuilders (powered by Quixtar)|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I have been an IBO for a little over two years. The rule changes proposed will affect my business and I believe the spirit of the changes is positive, but the proposal to accomplish this task exhibits a misunderstanding of the way we do business. Ours is a business of integrity & we are not hiding anything; the materials we use to present the business to prospective business owners list the average income currently earned by IBOs. And the documentation mailed from the Quixtar Corporation to every new business owner reiterates that average, along with other disclosures and a one-hundred-page Compendium. Also, there are links on the Quixtar homepage to the Better Business Bureau and Dunn and Bradstreet websites. Does the FTC proposal imply that the BBB does not provide a valuable service? Perhaps it is the BBB who should be scrutinized, if this is the case. We recommend that prospective business owners meet our local team as soon as possible, and get to an educational seminar, where they will learn more about the larger group and the opportunity, because we want them to make the right decision—Is this the business for me? Is this the team for me? Do I have confidence in the leaders? We make it clear that this is not a get-rich-quick scheme; rather, it is a business which requires consistent, hard work and patience—the person who works the hardest will have the most success. Please understand that all new business partners I bring on-board receive a significant time investment from our team. Similarly, when joining our team, new business-owners are expected to invest time and effort in new partners. If this strategy is understood, then why, for any reason, would I, or any business-owner want to compel someone to partner with us against his or her will? It just doesn’t make sense. The money we invest in our business is miniscule compared to what one could spend to buy or start a business. The most one could expect to spend on business tools, education and conferences is $3000 per year —$22,000 less per year than my parents spent on my college education, which did not guarantee any income—& those who are committed to building their business start replacing their income within two to five years—we see evidence of this every day! We stress to prospective business owners that everything we do in this business is voluntary, but success is also optional—what business could succeed with nothing invested into it? The books we read, the audios we listen to and the seminars we attend are essential for the personal growth required to build lasting relationships with our teammates (and with ourselves), and to provide continuing education on a solution to the dismal financial state of the majority of our society. A seven day waiting period? This is a business, not a handgun! If someone signs up and decides within a month that they’ve made a mistake, they can get their contract fee returned & nullify the IBO agreement. We build business teams as quickly as possible —though not without a great deal of care and thought—and a seven day waiting period could, potentially, slow things down. Before I was introduced to this business, no one ever offered to help me earn & reach my goals. I will be ever grateful to the man, my friend, my business partner, who introduced me to Teambuilders, an organization of Quixtar-powered-business owners, who offer leadership toward success like nothing I have ever experienced before in my 29 years, and I’ll be proud that he regarded it as a worthy investment of his time and effort to help me accomplish my goals. This is a legal business and a positive opportunity for people to work hard to earn money—is it to be treated like something criminal? We stand for something good & offer it to those who want it. It concerns me that this proposal puts little responsibility on the prospective business owner to do her due diligence & make an appropriate decision for herself.