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She also has to maintain the records of her rental patrons, and ensure their privacy by not releasing those records to the public.
6. Vicky will have to have motor vehicle liability insurance, (minimum $500,000), along with any other insurance her business requires, such as small business insurance that covers her property and employees. She also has to have a surety bond that is on file with the Colorado Public Utilities Commission.
7. Vicky will have to have liability insurance for her employees, especially if they operate the scooters, plus she will have to pay state insurance, such as unemployment, disability, and other insurance required by the state.
8. Vicky should structure her business so that renters sign a release that releases Vicky from damages in case of operator accident or error, renters have to be 21 years of age or older, have a valid driver's license, and they have...
However, even if they sign a release or waver, some accidents can still be her liability, so she has to make sure that the scooters are maintained regularly and are safe, and that she checks the driver's license records before she rents to anyone. Ultimately, there is little she can do to totally protect her business from liability, and that is why rental agencies cost so much to insure and protect.
Personally, I would not open this business, although it seems as if it could be profitable if it was managed effectively. With 30 scooters, she qualifies as a fleet, and certain regulations apply to that, including some tax limitations and reductions. However, the liability of this business is far too high, in my opinion, and since she has $50,000 of her own money invested, she could stand to lose a lot more than that if she was sued for negligence, property…
Organization Behavior Business Model Development & Analysis Virgin Galactic has planned to launch its LauncherOne aircraft which will help the Planetary Resources to explore and develop valuable resources from asteroids. The LauncherOne will have capability to make various journeys into the Space every year. Virgin Galactic has also planned to start human flights to the moon in the near future. While this strategy can give it the first mover advantage in the
Business Plan INSIGNIA SYSTEMS Insignia Systems, Inc. Business Plan The Business Profile: Insignia Systems, Inc. Business Description "Insignia Systems, Inc. markets, sells and supports in-store advertising and promotional products, programs and services designed to provide retailers and consumer goods manufacturers with highly effective in-store programs and point-of-purchase display materials" (Insignia Systems, 2012) Insignia is engaged in advertising to customers in a retail environment who may otherwise not see the product advertised. One of the slogans that
There are significant risks, therefore, associated with dealing with Dupont. If we only used Tyvek for part of our product, Dupont can be expected to be an excellent partner, because of its substantial production and distribution capabilities and reputation within the home construction industry. Butyl rubber is another product that can be used in the product. First developed in the 1930s, butyl rubber is a commodity product that is easy
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In this context, the learning curves followed by the collective of entrepreneurs place that collective of entrepreneurs within the still larger setting of the global marketplace. Taylor and Asheim refer to an economic geography that is more than merely a map of where economic activities take place (Taylor & Asheim, 2001, p. 315). A modern learning organization integrates itself on virtually every conceivable level. Much as its individual members make
It is critical for people to have a voice in what's required of them if they are going to change their behavior and take responsibility for their jobs. Second, employees need to be recognized as the authorities in their jobs, no matter how trivial to complex, a job must be a source of respect in any organization if the employee is going to actively take responsibility for accomplishing its