| Comment Number: | 522418-12312 |
| Received: | 7/17/2006 8:21:25 PM |
| Organization: | |
| Commenter: | Egger |
| State: | GA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
As an Independent Business Owner associated with Quixtar I would like to comment briefly on the proposed new business opportunity rules. To put my comments in perspective I feel it is important I explain how important my business is to my family and I. When I was first shown this business I had no idea that this sort of business existed and how powerful it could be for change in ones life. I have been in business a number of years and it has become a very important part of my life. We would be devastated if we were for any reason unable to continue our pursuit of our business goals. One thing I truly appreciate about our business is whatever success or challenges we have they are entirely our responsibility. You get exactly what you put into it. I agree with the purpose of these new rule propositions as every day we pay the price for there being unscrupulous operators out there. I do however respectfully disagree with the proposed remedies. They would severely burden the hard working ethical business owners such as myself. It is challenging as it is. These rules definitely fall under the category of " don't throw the baby out with the bathwater". The rules that would be most burdensome are the following. 1. The wait period. In todays world things move at the speed of light. A wait period would serve no purpose in this age of instant information. This would in essence make the growth of my busines seven times slower. If a prospect had to wait seven days it would be that much more time they would have to wait to make money. From the very first I tell prospects if they find anything they feel was misrepresented not only will they get their money back but I will personally guarantee it. 2. Supply references of other business owners in the area. Who's to say they won't sign up with someone else after the work I've done. Not good. 3. Specific earning disclosure. Quixtar in particular has always been upfront about and has to best of my knowledge been accurate about average incomes. 4. Supplying personal financial information. This in particular would not only be burdensome but is incredibly personally intrusive and is approaching the problem from the wrong direction. The point is not how much I have made but how much the prospect can make. As I stated above anyone who enters this business is responsible for their own success. If I explained the business properly whether I've been successful or not should make no difference to the prospect. The problem you are considering is whether the information the prospect has is enough to make a decision about their own probable success. A simple average income disclosure should be enough. I am very proud of the ethical business practices Quixtar has made as a matter of routine. Don't punish us and our business model unfairly in the pursuit of unscrupulous business operators. " Don't throw the baby out with the bathwater". To sum up thank you for attempting to solve the unethical practices practiced by the few but don't hurt everyone else in the process. Thank you for the opportunity to respond.