| Comment Number: | 522418-05225 |
| Received: | 6/30/2006 4:20:46 AM |
| Organization: | Pierce-E-Commerce |
| Commenter: | Rich Pierce |
| State: | OH |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Hi, I'm writing in regards to the proposed rule that the Federal Trade Commision is wanting to set. While I agree that potential business prospects should receive adequate information about any business endeavor , I feel there are some things that should be remolded if you will. My concern comes from being an Independent Business Owner through the Quixtar Corporation. When I was given the oppurtunity to become active with Quixtar I was given the information I needed to research it by a person who had been my friend my whole life who in turn introduced me to the person who sponsored him.I am still great friends with both of them. I have now been in the Quixtar business for four years and don't regret any of it.I was told up front that you would not get rich quick with this business. But it does have a huge potential. You basically have a turn key private franchise put in your hand for about $50. I feel that the seven day waiting period would slow down progress as well as allow the prospect to become cold. I also feel that it would be redundant to give a prospect a list of 10 other IBO's any of which could steal the prospect from me. Once the prospect is given a formal invitation to view the business plan they will meet other IBO's. No one is going to steal my prospect under my own nose. I also feel the financial substantiationion is a violatation of my privacy. Its no one's business but mine how much I make from anything. The Quixtar corporation has been a blessing to me and my family.It teaches some of the traits this country was built on and has lost, such as the spirit of entrepreneurship.Believe it or not Quixtar could be the beginning of world peace. Some of these issues I have spoke of would hamper IBO's across the country. Why would anyone want to do that? Thank you for your attention to this matter.