1. From the current circumstances and the amount to invest in hand, Regina must initaite the project as a sole propreitorship. Because, it is where a single owner operates and controls the whole business. The revenue generated and the taxes paid by the owner is only generated from the personal income. As an entrepreneur, Regina must reduce the risk of loss by investing her savings in a smaller proportion so that whenever the sales increases, she can slowly shift from sole propreitorship to a partnership and later to corporation. But one of the major limitations comes under sole propreitorship is that the person must meet the licensing requirements associated with their types of businesses.

2. Regina must include product warranty for the slingers as it must make awareness to the buyers that the product must provide safety to the child. She must provide lifetime guarantee covers for the product and limited warranty for manufacturing defects with the clause of replacement of parts. Here, the term lifetime means the products' approximate time period of deterioration must be focused which subject to wear and tear.

3. By availing suitable insurance plans for the businesses and creating emergency funds might help Regina from taking risks at important circumstances. According to bankrate.com, an average American households saves about $8,863 in their lifetime. As she invest most of the savings into the business, she must consider a certain amount of money as emergency funds for contingency purposes to reduce risk. By insuring the business might also help her to minimize huge losses when difficult times arrises.