Comment Number: 522418-10338
Received: 7/16/2006 7:44:58 AM
Organization: The Fritsch Group LLC
Commenter: Raymond Fritsch
State: NJ
Subject: Business Opportunity Rule
Title: Notice of Proposed Rulemaking
CFR Citation: 16 CFR Part 437
No Attachments

Comments:

I have been and IBO with Quixtar for approx 13 years and have gotten results commensurate with the effort I have put in. I am pleased with returns on my time investment. I feel I have also gotten a great personal return on the training I have taken advantage of. I received as much information as I needed to make an informed decision about joining the organization. I make sure anyone considering the business gets all the information they need in order to be comfortable with their decision. I certainly make sure that people understand that this a business and that they must work to get results. And those results can take time, but consistent efforts pay off as in any business. The great thing about our business is the support and training and the team approach. The business model is extraordinary in that it so fair, in my opinion. I also inform a person that after the initial fee paid to Quixtar, less than $100, all expenditures are voluntary. It is up to the person to decide how much he will invest in developing his business. Respecting some provisions of "the proposed rule" the following are my comments and concerns: 7 Day Waiting Period - As long as a person can receive a refund (buyer remorse or whatever) for a reasonable period, as we do, a waiting period accomplishes nothing other than jeopardizing an energized business start-up, and also I run the risk of another person approaching my person. Litigation List - I have found that prospective IBOs research on their own, primarily on the internet, which I think is a major obstacle because most information is inaccurate at best. Having to make such disclosures as proposed would be burdensome and extremely detrimental to my business. It casts a negative cloud on an otherwise wonderful opportunity. Any sales person in any legal business is not compelled to make such disclosures. Unfortunately, every business has litigation issuses in this country, but they don't have to provide such disclosure. To me it would be extreme overkill and would benefit no one. Regarding earnings disclosures and finanial substantiation, our business requires disclosure as to earnings possible and what average earnings are. This is good. Providing detailed personal financial information is not. It is a forced invasion of privacy. How can one, particularly when one is building a business, give current personal financial data to a person when it may not reflect true income potential. That is self defeating and unfair to the prospective IBO. My overall feeling is that there are rotten businesses out there that should have rules to follow which we employ and we have in place, but are not invasive and detrimental to a person trying to build a business. This is hard enough to develop with a skeptical public mindset out there. An even playing field is good for us, but we should not be over burdened with such difficult compliance rules. As long a person has the ability to recover any investment in a business such as ours, in a reasonable time, a person is well protected from a bad decision. I love our business and the people in it. I am very concerned about my business being damaged any severely constrained unnecessarily. Thank you for the opportunity to voice my opinions