What does it mean to be licensed, bonded, and insured?
Licensing: A possible requirement Bonding: Protects the customer against theft Liability Insurance: Protects the petsitter
by Elinor - 5 hours ago
Pet sitting for example is not an business that has to be licensed - but if you offer this service - the public is owned some assurance that you are not a felon - will steal the clients pets - etc. A business license is given at a certain address to register this to a certain person to do specific services, and these businesses are charged to act in legal and ethical ways. Now as to bonding - when you handle clients money or possessions - including their pets - you must provide proof that if anything goes wrong - and a loss occurs that you can provide prompt and ready funds to replace any loss. Insured - well, even people who own houses have to have insurance against natural disasters and that would include payments for medical care is someone has an accident and slips and falls on their property. And service businesses have to have Liability insurance. Benefits? none for the entrepreneur - but people may not want to use your business if others offer assurances that you don't.
by Judge Julie - 5 hours ago
How a Start-Up Should Think About Bookkeeping Before It’s Needed
While you may be focused on developing your business model, creating and launching a viable product or service solution for...
Managing your Marketing: A Business Rockstars Minute
Pretty much every entrepreneur knows what an elevator pitch is. It’s the one minute speech you have ready to deliver...
Need ideas? Take a Vacation: A Business Rockstars Minute
In this BUsiness Rockstars Minute with Ken Rutkowski, he talks about a cornerstone for any new business owner or...
4 Ways To Manage Your Sales Team Like You’re In The FIFA World Cup
This is one of the most exciting times of the year. Not only is the weather (finally) getting better, but the FIFA Women’s...
How to Increase Customer Engagement Just By Doing Customer Service Right
Many companies are searching for and inventing new ways and tools for boosting customer engagement. My way is do everything...
How HR Metrics Help You Make Smarter Decisions
HR Data is becoming incredibly sophisticated. I met with a business the other day that has four dedicated PhDs in their HR...