February 15, 2010

A complete payday loan analysis

Marty and Jean are committed to working together and have completed a Partner Compatibility Analysis. Since they knew they needed to do this, they didn’t formalize their commitment to participate but simply verbalized their commitment to each other. As a next step, they used the Agreement Between Partners Checklist to create the following agreement:

1. We will coordinate the activities between Housekeeping and Maintenance to minimize extra work for both groups and yet attain our vision: Each guest will have a clean room in which everything works properly.We will review schedules.We will establish a process whereby maintenance work will take place before the rooms are cleaned.We will work on building a good relationship between the Maintenance and Housekeeping staff.

2. We will create a timeline for reviewing the scheduling of rooms for maintenance, reviewing the scheduling of rooms for housekeeping, developing a daily list of rooms needing maintenance, and coordinating the maintenance and housekeeping staff rounds.

3. We agree that our role is to coordinate the scheduling of the rooms that require maintenance and act as go-betweens for our staffs.

January 8, 2010

Building credit responsibility

Be aware that if you are the manufacturer and distributor of your product, you will be responsible for providing product liability insurance to the retailers who sell the product. All retail products, no matter how innocuous they appear to be, must carry product liability insurance.

If you are building a business around your invention, keep in mind that it is your responsibility to enforce your patent. If you should find your product infringed this could be a significant expense. Many independent inventors choose to license their products for this reason alone. They know that they would never have the financial resources to sue for infringement.

Large companies also know that small independent product developers are not likely to have the funds to force them to stop if they choose to infringe. This makes it more likely that a large company might consider it worth the relatively small risk that an independent inventor could make them stop producing and selling the inventor’s patent protected product.