| Comment Number: | 522418-10510 |
| Received: | 7/16/2006 3:58:15 PM |
| Organization: | Quixtar |
| Commenter: | Judith Henry |
| State: | GA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
My husband and I have been Quixtar Independent Business Owners for over 20 years. We have been able to supplement our income in order to all me to stay at home and raise my children and travel as a family throughout the years. We are working toward a goal of retirement with our later years secured financially. The Quixtar business has fit beautifully within our budget as building a home based business and our lifestyle. When we registered as independent business owners, we were supplied by our support team adequate information to make an informed decision regarding our business and nothing was withheld from us in regard to the time and financial investment needed to build a business. We fully expected that we would have to work hard and learn a new profession very different from our jobs. We are very careful to inform everyone that we present the business plan to of all the steps and investment they will need to make based upon the goals they set for themselves. We are careful to inform them that there is not guarantee of success, just as there would be no guarantee of success in other businesses they may start in other industries. They realize that the initial investment of approximately $200 which includes an optional product pack is fully refundable. The proposed Business Opportunity Rule 16 CFR Part 437 would have a very negative impact upon our business directly. The proposed requirement of a list of references in the prospect's area being provided to each prospect and a 7 day waiting period after receiving the disclosures before registration would be detrimental to growth of our business. First of all, this requirement is an infringement of privacy of every independent business owner whose name, address, and phone number is provided to a prospect. Also, any one of the 10 would be only too happy to register the prospect themselves leaving the original business owner at risk of losing his prospect. The 7 day waiting period is unnecessary because of the money back guarantee available to all business owners to who register. The proposed provision of a list of all lawsuits, arbritrations and other legal claims for the past 10 years involving Quixtar would open up Quixtar and other legitimate companies to false accusations while those that are dishonest would simply disregard the rule. Quixtar Independent Business Owners already have disclosure of average monthly gross income for active IBOs as required by the FTC. Thank you for an opportunity to express my view regarding the Business Opportunity Rule 16 CFR Part 437. Thank you for amending the proposed ruling as to not penalize legitimate business owners because of those that are dishonest. Sincerely, Judith A. Henry