| Comment Number: | 522418-07532 |
| Received: | 7/11/2006 1:38:56 AM |
| Organization: | Quixtar |
| Commenter: | Tim McGaughy |
| State: | FL |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Dear FTC: This letter is in response to potential changes that are being explored for Direct Sales Businesses. My wife and I have been involved with the Quixtar business opportunity for over 10 years. We have found the people, the corporation and our mentors to be of highest integrity. We have raised our children in the environment of this business and they have thrived, our son has joined our business and our daughter will shortly do likewise. This business teaches so many principles outside simply being a way to generate money. But, from the standpoint of a business, where else can an individual or couple create a residual income without having to invest many thousands of dollars into a business opportunity, where there will be no true mentorship and which lacks the principles which make a business of this type thrive? The business opportunity works for many reasons. From a cognitive standpoint it works on pure logic, however logic sponsors few people. From an emotional perspective, the business works on momentum and excitement. Fortunately, there is room for both. We favor general proposals of disclosure about the business such as income possibilities, cost of running a business of this type, return policy, etc, but many of the ideas that are being explored could potentially ruin a business of this type and that would be very unfair, not only to those already involved in the business, but also to the many people who register on a daily basis, hoping to achieve their personal goals and dreams, that their current income and lifestyle will never provide for them. For example, if there were a seven-day waiting period to register, momentum would slow and this would ultimately affect outcome and the chance for success. Also, if we had to provide 10 other references of business owners there would be no guarantee that our prospect would get into business with us. It would be a logistical nightmare. Likewise, proposals for business owners, who have litigation against them, rightly or wrongly, to be exposed or for business owners to have to disclose personal finances to business prospects, would send the wrong message to potential business partners and friends. This is not done in the regular business world, why do that here? Whenever someone decides to join this business, the corporation sends out financial information about the opportunity. We also provide business disclosures when we are bringing on a new partner. Potential incomes are readily shared as well as actual average monthly incomes for active business owners. It should also be remembered that full refunds are always available. Personally, we cannot imagine a more ethical, fair and supportive business opportunity than that offered by the Quixtar Corporation. Sincerely, Tim W. McGaughy, M.D., Ph.D. and Ellen M. McGaughy