| Comment Number: | 522418-11856 |
| Received: | 7/17/2006 4:04:46 PM |
| Organization: | Quixtar - E Cook Connect |
| Commenter: | Terri Cook |
| State: | CO |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
To Whom It May Concern: My name is Terri Cook and my husband and I have been Independent Business Owners with Quixtar since November 1999. Through this business we have been able to set many realistic financial goals, and have achieved many of them. With the flexibility this business offers we are able to build while we do our other jobs. We have met great people, learned sound financial principles and have been able to set family goals. I understand that you are considering changing how businesses such as ours are run. I can appreciate your concern for people starting new businesses. I think that there should be some guidelines, but I am concerned that some of the new proposals will have a negative affect on new business owners who begin now. If a new IBO starts a new business tomorrow, how will they personally provide information on their own business to someone they want to help get started? Providing accurate information that is generated by Quixtar should be required, but personal information seems to be a bit overdoing it. Does my success in the business guarantee someone else’s, or my lack of success mean that others cannot be successful? I think that it is important to note that we have had success because we chose to use the training system provided by our up line. Without this system we would have never known what to do. What about a seven day waiting period? Would that help or hinder my business. Do people have to wait seven days to buy a car? Or do they have to wait seven days to sign any other contract? Since people who sign up with our business have at least 30 days to change their minds after they become IBOs I am not sure why we should be required to make them wait seven days to invest in their own futures. This would mean additional work for everyone, and could hinder a new IBOs ability to have success. I do believe that a money back policy within the first month is a good idea, and will help people who have second thoughts. Quixtar is a business opportunity that many people are finding success in. We are careful to let people know that it is not a get rich quick scheme. We are looking for people who want to build a business, and being honest upfront benefits everyone. It would be nice if all companies had to give honest information about their growth and success, but I think that should be more company bases than individual based. Many people have built more profitable businesses faster than we have, but how fast we have built our business has been our choice. Please do not take that choice away by regulating home based business so much that we are paralyzed.