| Comment Number: | 522418-05069 |
| Received: | 6/29/2006 2:41:28 PM |
| Organization: | |
| Commenter: | Farrar |
| State: | NY |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Greetings I've been a Quixtar IBO for about three years. Becoming an IBO has been one of the best decisions I've ever made. Through this opportunity I've been able to pay off thousands of dollars worth of debt. The people of this great business have also been a blessing to my life. My former mentors in the corporate world taught me that there was no place for morals or ethics in business. The IBOs in this business taught me the complete opposite. When I saw a presentation of the business plan I received detailed information from the person(s) that exposed it to me. I was then invited out to meet with the other IBOs on the team. The third step was a follow-up. This was a Q & A designed for me to get all of my questioned answered. When I decided to register I had to read through many pages of disclosures and rules of conduct. A seven-day waiting period would decrease the profitability of new IBOs. I've seen many IBOs experience early success and a fast start when they draft off of the excitement they have within the first 7 - 10 days. A waiting period would be costly to people looking to become new Business owners. A requirement to provide references would jeopardize the privacy of IBOs. It would also cause confusion as to who they're supposed to register with and/or work with. Besides, Prospects have numerous opportunities to meet other IBOs outside of their line of sponsorship. This allows the prospects to gain insight from objective IBOs with no financial interests in the particular prospect. A requirement to provide a litigation list is a bad idea for any business. There are cases filed against companies all the time. Some have merit some do not. Nonetheless, providing someone with a litigation list can be misleading. This is especially true when a case is based on one individual's "experiences" or based on conjured up alligations. In my years of interviewing with hiring companies not once was I provided with a litigation list and some of them were involved in some heavy "legitimate" law suits. Quixtar does an excellent job of discussing specific earnings, average income, etc. It would be inappropriate to have to provide financial substantiation. It's an invasion of privacy.