| Comment Number: | 522418-06481 |
| Received: | 7/6/2006 1:15:33 PM |
| Organization: | Shaklee |
| Commenter: | Donald Simecka |
| State: | CO |
| Subject: | Business Opportunity Rule |
| Title: | Notice of Proposed Rulemaking |
| CFR Citation: | 16 CFR Part 437 |
| No Attachments |
Comments:
Regarding the Proposed Business Opportunity Rule, the following thoughts are prevalent. We have been in the Direct Selling industry, full-time, since 1974. All of these years have been spent with Shaklee Corporation. In the process of building a business, traveling extensively in constructing our organization, we have obviously been exposed to the business practices of many other companies. Some of those have come and gone, others remain. In any industry there is the opportunity for abuse of good and decent business practices. We have been fortunate to be with a company that places integrity on a high priority. Nonetheless, others have not necessarily conducted business in a proper manner. When abuse occurs, regulation happens, but the real danger is to make rules that are unreasonable in the normal conducting of business. To hamper growth in an industry such as ours would not only be wrong, but it would be an economic disaster. We urge the legislators to use wisdom and common sense when issuing edicts that affect so many people. To me, a reasonable place to start is to have an inspection of the companies in the industry, checking their financial security, the principals involved, the efficacy of the products involved, the Business Plan being offered, etc. Before some companies are unleashed on the public sector, certain criteria need to be met. To have rules that require lots of background information to be required will get into the arena of privacy and would be an incredible roadblock to building this kind of business. People are more reluctant than ever to release personal information. Thank you!