| Comment Number: | 522418-02963 |
| Received: | 6/16/2006 6:39:47 PM |
| Organization: | Cavco International |
| Commenter: | Phil Cavanaugh |
| State: | IA |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Greetings, I am writing in concern to the proposed "Business Opportunity Rule", (NPR) R511993. This proposal will greatly reduce the efficiency of business to contribute to the well being of our State's economy and to that of the Nation's as well. I have been involved as a business owner and leader here in Iowa for over 25 years and know that service and price are some of the fastest and reliable communicators in the world of commerce, and any other for that matter. This new rule would stifle productivity for almost all of the Direct Selling and marketing industries. It would place unnecessary admin. & regulatory burdens on an incredible amount of our Nation's commerce! A big reason is because so much of commerce is attributed to represenatives, distributors, and dealers who in the beginning of their business project purchased such "opportunity". From Amway to Mary Kay to Zango in network marketing, which by the way did around $90 billion in global business last year alone!! From Auto dealers, to Zoo suppliers, and most everything in between, an opportunity of business was proposed and latrer started. The delays and burdens created by this new ruling would in short time be directly felt by the consumer. In addition, revenues generated from co. and personal income would reduce revenues to our government as well. Another big reason why this rule is not needed, or at least needs considerable overhaul, is because SELF REGULATION, STATE AND FEDERAL RESTRICTIONS / GUIDELINES AND AGENCIES ARE ALREADY IN PLACE TO POLICE AND PROTECT CONSUMERS OF HARM IN OPPORTUNITY DEALINGS. From DSA Direct Selling Association, to the BBB Better Business Bureau, as well as State AG's and your own FTC, just to name a few, already exist for this purpose. Let's keep free enterprise free, and keep enforcing existing laws and regulations to protect folks from scams. Thank You for consideration of my concerns, Phil Cavanaugh Owner & Founder, Cavco International www.bizbuzz.com/cavco P.S. (please note from my site that seekers of our services or opportunity with Bizbuzz can sign up for FREE and or upgrade to "Silver" for a one time fee of only $99 , making it fully compliant of any Fed. or State regulations!!) It is developing into one of the best opportunities on the net worldwide. Lord knows that it's needed. Right here in Iowa, Rubbermaid announced yesterday it's closing a plant, 500 will lose their jobs. Maytag Corp. was purchased a few months ago by Whirlpool and the Maytag Hdqtrs. and plant are closing, affecting over 1200 workers. This in towns of about 10,000 and 20,000 population respectively.