Comment Number: 522418-11552
Received: 7/17/2006 1:14:55 PM
Organization: Crowe Team
Commenter: Todd Ryder
State: VA
Subject: Business Opportunity Rule
Title: Notice of Proposed Rulemaking
CFR Citation: 16 CFR Part 437
No Attachments

Comments:

To whom it may concern: We appreciate your efforts to protect consumers and citizens from unethical business practices and from dishonest people who are seeking something for nothing. However, the Quixtar Corp. and the Crowe Business team operate at a much higher standard. My wife, Nicole and I are both "retired" from our traditional 9 to 5 jobs and are solely supported with our income we generate from the quixtar business. We have a 4 month old son who has a full time Mom & Dad, thanks to the leadership, vision, & integrity of the Quixtar Opportunity. Additionally, both sets of parents and my wife's brother are part of "our family business". We are excited and very appreciative of the opportunities that Quixtar has presented us. We worked very hard to achieve success and are very pleased with what we have seen over the last 8+ years. While we understand that not all teams/companies do business the same way, we feel that some of the changes that have been recommended would significantly damage ones right to free enterprise and in some cases create a larger challenge. For example, if a new business owner gets started in an area where a team is just starting to expand, who are they supposed to list as 10 references? In my opinion, it would create more confusion by having them talk to multiple people who are not directly affiliated to the team they are a part of. If we were talking about professional sports, it would be like having 10 diferrent head coaches. I think you would agree that would create confusion and have the direct opposite affect that we are all looking for. It would make it very difficult to do business in a new area with new people who are looking for a great business opportunity. In addition, we follow exactly that business plan that has been approved by Quixtar and the FTC. My concern with additional financial dislosures is that an IBO should never be required to show tax returns, etc as a privacy issue. If that were the case, then every business/company, public or private should be required to do the same thing. The concern would also be for a brand new person who may not want to share the income that they earn while working their full-time careers. I think it is fair to respect their privacy. While we are in total support of following the rules, I think it is unfair to penalize or punish everyone for the mistakes and dishonesty of a few. There are dishonest people in every walk of life, unfortunately, we cannot control that. We are asking that you punish the guilty parties and not take out the penalties on the 99% that are pleased, happy and excited about the future of an incredible business that involves our entire family. Thanks for your support. Todd Ryder