|Received:||7/14/2006 1:22:01 PM|
|Subject:||Business Opportunity Rule|
|Title:||Notice of Proposed Rulemaking|
|CFR Citation:||16 CFR Part 437|
Comments:My husband and I have been IBOs since 1991 and have received financial rewards as well as educational benefits. I have been able to become a full-time mom after 17 years as a physical therapist. My husband's cabinet business has grown greatly due to the education and association from our independent business powered by Quixtar. We have helped other IBOs to reach their goals as well. We have achieved much more than money from this business and it impacts our relationships with our family and friends every day. Our initial sign-up cost was about $ 150 which was minor compared to what we had both invested in conventional businesses. We registered within 48 hours of seeing the opportunity and did not expect anything more than to buy from our own business at first. We started telling others about the business and, within 8 months, we were making $ 2000 a month. Understand that we put work and effort into this and we tell everyone that this is not 'get rich quick' nor is it 'something for nothing.' The new rules concern me for several reasons. I totally agree that prospects should be informed; however, a 7 day waiting period for an investment of a few hundred dollars will destroy momentum and slow growth dramatically. Also, personal financial disclosures do not seem appropriate due to privacy issues. My income does not reflect the benefits gained from the business. I also would not want to discourage nor create false hopes for income because this business is based on work and effort. Independent business owners are volunteers who decide how much time they can commit and ultimately, how much money they will make and how quickly. I also do not agree that IBO references in the area should be provided. I would not want my privacy invaded by strangers calling for references although my response would be positive. Our focus is to introduce new IBOs to other team members as quickly as possible and to avoid cross-line situations. Past litigation disclosures also seem unreasonable as I would be judged by the mistakes of others. We are business owners who agree to function under the rules and ethics of the corporation. Unfortunately, some IBOs do not follow the rules, but I should not be punished for their crimes. Quixtar is a reputable business-opportunity company that has been a standard in the direct selling business for many years. Their 47 year history indicates a solid business plan and I believe Quixtar should continue to be the model of how independent businesses should function. You don't need a specific degree or even a certain income to become successful in this business. Anyone can succeed with the help of a team, the support of the corporation, and an amount of sweat equity. Thank you for hearing our concerns as we work to make a difference in other people's lives.