| Comment Number: | 522418-07561 |
| Received: | 7/11/2006 9:43:55 AM |
| Organization: | Quixtar |
| Commenter: | Lisa TeRoller |
| State: | MI |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Thank you for the opportunity to share my comments regarding this proposed Business Opportunity Rule. I have been an independent business owner for 14 years and have been affiliated with the previous Amway Corporation and currently Alticor Corporation. I am building a Quixtar business full time and it is my primary source of income. I am a former C.O.O. of a national ministry and replaced my income five years ago through my Quixtar business and quit my job to pursue this opportunity and volunteer my time at my church. When we share this business opportunity, we call prospects to check interest and then schedule a meeting to sit down with them and explain how the business operates. It is similar to a typical interview process for a job. We explain that this is a business which is built long-term. If someone is looking for a "get rich quick scheme," we end the interview. We are looking for people who want to build a business, just like if you were to build a dental practice, a shopping mall, or a restaurant. This is a business and we stress that it will take work and that we have a business system in place to assist them in attaining success. During our business presentations, we inform prospects that the cost to register in Quixtar is approximately $53 and that entire amount goes to the corporation. We do not receive any compensation for registering business partners. We explain that we only make money if we help them make money. We give prospects a form called an SA4400 that draws out the business plan and shows the compensation. I think it is absolutely ridicoulous to think we would have to disclose all litigation involving Alticor, Quixtar, their employees, or other Quixtar Independent Business Owners. It would be the size of a phone book. Do traditional business owners do this? If hiring at Walmart, Sam's Club, Starbuck's, or other places, they would have as many cases. Why would you make us as Independent Business Owners do this and not make a traditional business do the same? Most litigation involving Quixtar is a result of someone who wasn't willing to do the work it takes to build a profitable business and wants "free money" by suing. I appreciate the legal system in this country and the protections it provides, but I totally disagree with this proposed rule. It definitely does not protect, but would hinder the growth of my business and would scare away potential business owners who are looking for an opportunity of such high integrity as Quixtar. Thank you. Feel free to contact me. Lisa TeRoller