Comment Number: 522418-09976
Received: 7/15/2006 2:58:16 PM
Organization:
Commenter: Sawyer
State: MA
Subject: Business Opportunity Rule
Title: Notice of Proposed Rulemaking
CFR Citation: 16 CFR Part 437
No Attachments

Comments:

I have been a Quixtar IBO since June, 1999. 2 of our 4 children were born since we began. In this time I have seen our children listen and learn the business building principles and incorporate the personal development teachings we have access to into their own interactions. They are growing into value-oriented, compassionate, service-driven people who see the benefits of teamwork and serving others. The people we associate with are honest, hard-working, caring individuals whom I trust inplicitely with my childrens' safety, even those people I see only at our business development seminars. I would never trust the community at large this way. The honesty and integrity that are the underpinnings of Alticorp and its subsidiaries is beyond reproach. I understand this proposal is intended to target fraudulent schemes. Quixtar should not be included in this grouping, and legislation that targets these groups will severely cripple our industry. Having to wait 7 days for prospects to register, and having each new prospect in turn wait the same 7 days will slow the process down to the point that all momentum will be lost for the new people and they will consider it too much time and effort, being too complicated to do. We offer any IBO a full refund after registration if they are unhappy for any reason, so a waiting period should not be necessary. Requiring IBO's to provide references is a confidentiality issue and compromises the integrity of individual businesses, creating the possibility of people being stolen by other potential IBO's, and also negatively affecting an IBO's confidence if they see a person they would have talked to on another list. This also creates a panic environment and eliminates the team, with people feeling they need to get there first, and doesn't allow for relationships to develop, which is the whole foundation for each line of sponsorship. The same could be said for proposing income disclosures. Each business develops at its own pace, with its own structure, which makes incomes highly variable and succeptible to misrepresentation. An average income statement for activer IBO's would eliminate this. All of these proposed disclosures would compromise each IBOship because our businesses are based on not focusing on what other businesses look like and what they are doing but focusing only on what we need to do for our own business, with the direct counsel of our support teams, as each IBO's circumstances and financial situations are unique and require different strategies. Opening businesses up to public scrutiny and potential IBO's before they have decided to build with a group can only hurt the existing business, as people by nature, until they have begun living by the personal development teachings in Quixtar, are naturally drawn to finding the negative, whether it is substantiated or not. Unfortunately there are many scams and fraudulent, unfair, pyramid schemes that need regulation such as proposed by the FTC. They will find ways around any new rulings. These same rulings would do nothing but hurt the honest businesses like Quixtar who do not need these regulation anyway to operate in an upstanding way with integrity. My family is better because of Quixtar. We have made lifelong friends we would not have made otherwise. I am able to stay home and raise my children instead if putting them in daycare and going back to a job. My children are exposed to many undesirable things in school and life, but they are strong enough in their values and belief in themselves to withstand the pressures of drugs, alcohol, lying, stealing, cheating, violence and other influences because they have strong parents and a strong support network that have given them the confidence to believe in themselves and their potential. They want to build their own businesses with us in time and they know they have a team waiting for them when the time comes.