|Received:||7/17/2006 1:11:48 AM|
|Organization:||Quixtar Independent Business Owner|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I have been an Independent Business Owner for 15 Years with Amway and now Quixtar. The benifits of the business have been both financial and personal because of the association with the support system. I recieved excellent information before I registared to make a quality decision and the honesty of the corporation and of the support team has been without exception the best thing that has happened to my wife and I. We have been business owner of other business for 25 years and have had good success, but the potential for success without any real risk in the Quixtar business has been amazing. We make every effort to give any prospective business owner the best information as when we start someone in business we are commiting to help them and the last thing we want is anyone who does not understand what is required to have a succcesful business. We want them to understand it will take time and effort but that although we cannot guarantee them success we will do everything in our power to help them succeed. The proposed 7 day waiting period before is totally uncalled for and makes no sense that I can see. I have purchased several business ( some for large sums of money ) and I would have expected to check out the the benefits and risk before I made a commitment. But to have a rule that simply slows things down and takes away the personal responsibility to make good decisions is typical of what is wrong with goverment intervention into private business and has made us a nation of people lacking personal responsibility and the ability to think for themselves. This will just keep the newest business owner for seeing early success in their business and would penalize the newest business owner instead of protecting them as I am sure whoever thought of this intended. The beauty of this business if that the success of the new business owner is not determined by the financial success of the person who registars them but by the system so the requirement to recieve a financial report on the sponsor would be of no value because the may and just started their business and may now have even recieved their first check. The requirement to supply a list of other IBOs would be an invasion of privacy and also would open up all sorts of possibilitys of problems in building relationships with new IBOs. We consider it very important to introduce new IBOs to several of their support team as these will be the people who will invest time and effort in the their business. The rule to provide a litigation list is uncalled for because in this world of blame some one else anyone is free to file a lawsuit no matter how unfounded so the value of such a list would have no real relationship to the facts. We already have so many disclaimers in place the I think are overkill on busines that cost less than $200 ( inculding about $100 of useable products with a complete rufund option ) to start. Most people spend that much most months on things that they don't need that If we are going to put these rules in place than we should put the same kind of requirements on purchases of more than $200 dollars from all stores and a 7 day waiting prior to those purchases. I have owned some kind of business for over 25 years and It seems apparent to me that whoever thought up most of these proposed rules has never owned a business and they have very little respect for the ability of the people in this country to make good decisions. I would be a real shame to subject a businss like the Quixtar to this unwarrented restrictions and to make it harder for some with ambition and the desire to get ahead to achieve the results that may only be offered here. These type of restrictions are not on " brick and stick" businesses that have a much lower success rate and a much larger risk in both time and money. So it seem very unfair to even consider them for anything like the Quixtar business.