Comment Number: 522418-05479
Received: 7/1/2006 2:55:57 PM
Organization:
Commenter: Monica McNassar
State: NJ
Subject: Business Opportunity Rule
Title: Notice of Proposed Rulemaking
CFR Citation: 16 CFR Part 437
No Attachments

Comments:

To whom It may concern: I am a very happy independent business owner affiliated with Quixtar. Through my own business I have afforded myself to stay home with my kids part time without having to sacrifice some important family needs to do so. This business is extremely flaxible and has mad a significant impact to my quality of life and that of my children. My next goal is to fully replace my income such that I can stay home from a regular 9-5 job and particpate fully in the growth and development of my children. When I was intorduced to this opportunity I was given plenty of information to may a quality decision of whether or not to pursue this business. There is also a money-back guarantee, so that if in 6 months I changed my mind I could get all of my investment back, which now would be about $200.00. The guideline provided us by the business group emphasize the importance of provided all fo the imformation necessary to make an informed decision. They, as I was, are informed that to be successful work is required and there is no guarantee of their success, like anything else in life. This process continues today. I disagree with the proposed law in the area of a 7 day waiting period because I do not feel that that waiting period needs to be specified by the government. Any person can make that decision in whatever time they deem necessary, and if someone is ambitious they should not be penalized if they choose to pursue something sooner than an allotted 7 days. Those that are ambitious are gnereally successful and coudl hold someone back could finacially impact their business and mine. I also disagree the the list of required references. Currently business prospects are invited to meet many others who are successful in this business. If I had to provide a list to them it could mean that I could potentially lose a prospect to another reference on the list which is not fair. There are plenty of opportunities for someone to meet othe successful independent business owner. As I was considering the business I was introduces to over 50 people that I could talk to and ask questions at three different meetings. I would also not be interested in providing a "litigation list". There is no way to discern from a list like that as to which cases have merit, which ones may be fraudulent, and or personal. There is not a good definition of seller. For me, would this include all cases against Quixtar and any other independent business owner affiliated with Quixtar? Earnings Disclosure: I already provide an FTC approved literature which describes the profit potential and current business owner statistics on earnings SA-4400. It would be ridiculous for me to have to provide approved material for every example of income potential I may use to desribe how the business plan works, not to mention the amount of paperwork and delay this would result in waiting for approvals from the FTC. Financial Substantiation: I almost never provide any concrete financial statements to my prospects, first it would do them a disservice, because they could do much more or much less than me provided their situation, and secondly my financial status in not really any of their business. If I choose to share, it is only because they asked. I can understand the desire to provide people with itme and information necessary for people to make "good" decisions, but I believe that there is enough information and sources that a reasonable person could be directed or could find that information on their own. Respectfully, Monica McNassar