| Comment Number: | 522418-10101 |
| Received: | 7/15/2006 6:23:22 PM |
| Organization: | Quixtar Independent Business Owner |
| Commenter: | Kevin Gokmen |
| State: | FL |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
To Whom it May Concern, My wife and I have been Independant Business Owners associated with the Quixtar Company for 7 years. We wanted my wife to be able to be a full time mom and stay home. She's been able to do that and has not needed to work since our children were born. We have aquired many great friends over the years and because of our training system I have gained new skills and almost tripled my salary at my job. When we registered we were given plenty of information to make a solid decision on. Our website was also a great source of information. When we invite someone into the business we provide them the same quality information that helped us make our decision. Everyone we talk to knows that this is not a Get rich quick scheme. First of all because we tell them, but more importatnly, all of our training material, the start up information and the website discuss the fact that time and effort will be required. Just like any other legitimate business, you will have to work hard to be successful. The proposed seven day wait period would be tough on our team and the way we do business. If we show the program to a prospect and they like what they see, understand what we do and have read the first night information, a wait period would send an unclear message. We have a great business but you can't register for seven days. A lot of our business happens quickly. When we have a new person that really wants to move fast, we've just taken income and opportunity away from them with a 7 day wait. The proposed providing of references would hurt my business. First of all, a brand new person that just got started doesn't have 10 people they can reference. So the references would come from some other business owner. There is also a danger that one of the references might sign up the new prospect instead of the one that was supposed to. One of the first things we do with our new prospects is get them to meet other business owners at a seminar or fun get together. We want them to know others but having them get a list of refernces prior to getting involved would never accomplish what we are already doing. I'm also not interested in having my name, address and phone as a reference. My families privacy would be illiminated. The proposed litigation list would be harmful to what we do. When you look at almost any major corporation from WalMart to McDonalds, they all have many lawsuits and claims against them. I don't believe those businesses are required to give that information to new employees or owners. With todays litigous society, many claims are frauds anyway. Someone looking to get rich by sueing a big corporation with deep pockets. How many lawsuits are there against the Government? As long as our business is legal and the corporation operates under its strict, self imposed code of ethics we shouldn't be required to disclose what is being handled in arbitration or the courts. Disclosure of earnings is a rule that isn't needed. We currently inform our prospects of the average incomes and back that up with a document called a SA-4400. If we had to make a disclosure for every example we give we'd never be able to do business, we would be bogged down in details that don't show the true benefits of our business. I also don't believe that we should have to give financial substntiation. The business plan details the amount of money available. The income that the business owner currently makes from Quixtar is of no use to the prospect. First of all, business income should be private no matter what. But the amount of money I make will not help the prospect. They have to incorporate the business plan and build their own business. I would like to keep my business income private just as I do my paycheck from my day job. I do believe that prospective business owners should get the appropriate information to make a good decision. Please don't regulate our fantastic business and impair our opportunity. Thanks you.