|Received:||7/9/2006 4:32:22 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:I am responding to the FTC proposal that would require us to allow 7 days before registration, list fnancial statements and litigation. I have been an IBO since September 1999. I registered a few days later after I saw the opportunity twice. I was given time and resources to do my due diligence before registering with the Quixtar opportunity. Knowing what I know now, I would have registered sooner. I do believe there is already in place a 3 day right of recision in all states for any opportunity that one may sign up for. I think that is enough time for anyone to make a decision. If I had waited 7 days and consulted with friends and family, I would not have a business today. I was informed that Quixtar is a business opportunity, not a get rich quick scheme, that it would require work and change; changing myself from an employee mindset to a business owner mindset. They provide a training system which is recommended, not required. I have never been forced to buy tools or training seminars. I have freely chosen to do so as they provide the environment for success in this business and other areas of my life. In fact, because of the training and mentorship, I was able to avoid getting involved in a "traditional" business with some friends. There were no regulations to prevent them from forcing their poorly laid out business plan and partnership agreement on me. Providing a list of local IBO's isn't helpful. This is an internet business, and some enterprising individual may be the first in his area to launch their business. Would they be able to do that if there were no other local IBO's to consult with? This is a referral based business and it would be unfair to me if my prospect registered with someone else from the list. It is a violation of privacy to disclose all my personal contact information. Besides, we provide prospects with many opportunities to meet IBO's directly through business presentations, conference calls, small group meetings, seminars, etc. Financial disclosure is not a good idea. If I owned a restaurant, I wouldn't allow someone who is thinking of opening a restaurant to look at my books. Besides, how I do financially in Quixtar or any other business or my profession has no bearing on another's success. Like any traditional business, we share averages earned to give people an idea of the potential income. If I become ill or choose to take time off and my business income declines, showing those numbers isn't going to help anyone. It's really up to the person to make any opportunity work. Litigation disclosure would not be helpful. Whenever there is a focused exposure of events, it tends to color the whole unfairly. If individuals choose to behave in ways that break the law or defraud others, it is not a reflection of the business, but of those few bad people. Information is available out there if someone wants to research it. If required by the FTC, it would require too much time on my part to defend my honest business and is not going to help anyone build theirs. The way we are organized now to build the business allows one for fast growth if they choose. The requirements suggested by the FTC would definitely slow the process down, discourage people from pursuing their goals and start off on negative footing. That would be a shame, because timid people like myself wouldn't have a chance to get started, then where would I be today?