|Received:||7/14/2006 2:09:19 AM|
|Organization:||1 Life 1 Shot Enterprises|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:My Quixtar story... I have been a part of the Quixtar business opportunity for a little over 9 months now. I decided to pursue this opportunity just before my 19th birthday. I was in the process of trying to start a real estate investing business when Quixtar came into my life. Because the Quixtar opportunity had little risk, little restrictions, and fantastic rewards... I was able to make the decision to do this instead of real estate. Now that I have done even more research into the different trends our economy is going through, I'm very glad I made that choice and didn't purchase a home. I now have the perfect way a 19 year old can take part in e-commerce. Some of the things I have been able to accomplish in the business are; putting myself on a personal development program, learning about business (Which I personally think should be taught in schools.), getting around successful people who are willing to help me succeed, and putting together a growing organization of 14-16 people. My next goal is to retire from the workforce so I can go full time in building my Quixtar business. I love how this business fits into my lifestyle. I can be myself, learn and grow at my own pace, succeed as much as I want to based off my work habit, and much more. I really feel this proposed business opportunity rule would add much un-needed stress into my life. Here are some of the key points... 7 day rule: I think people can make a decision when they want to... they do anyways! I don't feel that this rule is that big of an issue to me, except for the fact that its just more government control. The more open and free a country is, the more it will succeed. History proves that fact over and over again. Period. Providing references: I already do this anyway. I always connect prospects with my up line as quickly as possible. Though, I feel I shouldn't have to give a certain amount of references with phone numbers and addresses! I feel this is a violation of privacy and the line of sponsorship. Also, what about the person just starting their business... where are they going to find 10 references? This rule would cause way to many issues and problems. If they want to meet people in the business and learn about key issues and stories, they can come to a business overview, regional rally, major function, or tie into a conference call. All of these events happen on a regular basis. Providing a litigation list: This is really just pushing the line. It would be such a hindrance on my business and any other type of business this would effect. If someone wants to get information like this about a company, the can do so. I do not think it should be given to every prospect I speak with. Earnings Disclosure: I know that we already do this with the SA-4400. I don't think it should be needed for every income statement made. It should just be something like... "average gross income for 'active' IBOS was... " or "1 out of every..." ect. Financial Substantiation: This doesn't seam that bad to me, except that it would be a requirement to show personal financial records. I show people the checks I receive from Quixtar, but I don't want to show them all my records since I've been in the business. It’s a violation of privacy to require something like this. I just hope the FTC realizes that more government control just limits success in this country. Look at China or Japan... the more they open there country up, the more the country grows and more success is created. Free Enterprises is the best thing out there... please do not put any more restrictions on business.