I’ve written before about Shark Tank, the television series that premiered on ABC in August, 2009. The show which is currently in its 7th season, features business owners who make presentations to five potential investors. The investors are referred to as “sharks.” Each of the sharks is an experienced entrepreneur who became wealthy by successfully starting and growing multiple businesses.
One of the greatest technological breakthroughs of the past 100 years was the perfection and mass production of the automobile. Although the initial design of a steam-powered “motorized carriage” dates back to the 18th century, it was the invention of the internal combustion engine that allowed the automobile industry to dramatically change our way of life.
Last week, I wrote about how I was able to convince a prosecuting attorney to agree to reduce a felony charge to a misdemeanor for a client who had been accused of committing a serious crime. The attorney accused me of being a whiner when I refused to stop pushing him to work with me. In the end, I got what I wanted; he agreed to reduce the charge.
If you pay attention to the news, you know about the recent resignation of our local U.S. Congressman, Aaron Schock. Schock is currently under investigation for violating federal law while he was in office. Some of the violations include using campaign funds for his own personal benefit, overcharging the government for mileage expenses, and flying around in private jets that were owned by individuals or companies who donated money to his campaign.
Earlier this month, at the age of 81, Joan Rivers passed away. I first became familiar with Rivers in the 1970s, during my high school years. I was a fan of The Tonight Show with Johnny Carson, and Rivers was selected by Carson to fill in for him whenever he was gone from his television show. Back then, there were only two female comedians who had any notoriety: Phyllis Diller and Joan Rivers.
One of the things I wanted to cover in my series of articles concerning Jeff Bezos and Amazon.com is the process of creative destruction. Have you ever heard of “creative destruction”? It’s a term that was originally used by an Austrian economist, Joseph Schumpeter (1883–1950). Schumpeter described creative destruction as an essential process that takes place in a free-market economy, wiping out entire industries after new technologies are discovered and put into place.
If you use the Internet to shop for items, there’s a good chance you’ve purchased products from Amazon.com. With 96 fulfillment centers located throughout the United States, Amazon is a financial threat to a number of local and national businesses. Products that are ordered from Amazon are routinely delivered to customers’ doorsteps within one to three days.
The recent tornado that ripped through Washington, Illinois, destroyed the home of my office manager, Kenna. When she heard the sirens and realized what was going on, she barely had enough time to wake her daughter and get her out of bed to run down to the basement of their house. As soon as they got down the stairs, the tornado took out her daughter’s bedroom and then tore through the rest of the house. If Kenna had delayed her decision to get her daughter out of bed by five seconds, neither one of them would be alive today.