| Comment Number: | 522418-09160 |
| Received: | 7/14/2006 12:20:08 AM |
| Organization: | Quixtar |
| Commenter: | Joshua Englert |
| State: | FL |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Quixtar is a great business that benefits me more than just financially. I build meaningful friendships with others through meetings and strive for personal growth through mentor-ship, books, and tapes. I always make sure in talking to prospects to convey that this business takes a lot of hard work and there are no guarantees of success. Requiring a seven-day waiting period would not do any good for those considering Quixtar as a business they would like to be involved in. I make sure to give them as much information as I can personally, as well as other information packets that are more detailed. I never manipulate, coarse, trick, or convince anyone to be involved. I simply share with them an awesome business opportunity and if they like it great, if not, that's great too. This businesses isn't for everyone, and if they do join Quixtar and decide after or before 90 days that they don't think it's for them, they can get there money back. However, a seven-day waiting period would be harmful to the Quixtar opportunity. For instance, if I had shared the Quixtar businesses concept with a prospect and then at the end of the night told him sorry, he couldn't sign up for another week, and then after he signed up, and shared with his family, they had to wait a week and so on and so forth, and would dramatically reduce the amount of growth, excitement and profitability of Quixtar. It would also make the businesses harder to grow, and thus less appealing and less profitable. Meanwhile, it isn't helping the prospect, just lessening the value of the businesses he is considering. I can't remember ever having to wait seven days to buy a couch, television, pool table, or any other such thing. All of these cost more than it does to start a Quixtar businesses and there is no chance to make living or profit from these items. As for as providing references, I do that already, I take them to see my up-line, and to businesses meeting where they can meet and talk to dozens of other business owners and prospects, but being required to hand out of list of names with contact information is ridiculous, not to mention an infringement on privacy of those whose information has been given. Furthermore, what if one of those people on the contact sheet is an old buddy of my prospect and after contacting him, my prospect decides to get in the businesses with him? Now my hard work has been given to and benefited another. The litigation list proposed is most certainly, a lot of information, especially to have to carry around and be updated. Not to mention that they claims filed against Quixtar and other IBOs don't even have to be legitimate. I can't remember ever walking into a Wal-mart and being handed a litigation list to read before I can buy from there store, and oh yes, lets not forget that I cannot buy today, I have to wait seven days before I can purchase anything. This doesn't benefit me, nor Wal-mart, it makes poor business sense. If I don't like what I've bought, I can return it, and Quixtar will return the money invested, just like Wal-mart would return the money for an item purchased. For someone that is just starting, or someone that has been involved but has not put a lot of time or effort into making his businesses grow, being required to provide a financial statement would hurt his business. It isn't just about what I have done, but what I can do, what I am trying to do, and what others have already done. The brochure has statistical numbers of how many people reach certain levels as well as the average profit of an “active” IBO. I want to make sure that I say I appreciate the intent on making it harder and hopefully impossible for illegitimate businesses to operate in this country, but making rules that hurt the business man who is trying to make a living in a legal and respectful way is a crime in and of itself. Especially when these rules are ones that those operating an illegitimate business could simply over-look.