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.
Last month, the Chinese government announced that it was changing its one-child policy to a two-child policy. For more than 35 years, the Chinese government has mandated that its citizens refrain from having more than one child. Couples knew that if they violated the one-child policy, they would be punished with fines, job losses, and forced abortions.
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.
During the 1990s, one area of my law practice that did very well was collections. At its peak, my law firm was filing several hundred small claims cases per year to collect money that was owed to our clients. Many of our clients included doctors (past due medical bills), grocery stores (bad checks), video rental stores (late charges and failure to return videos), and landlords (past-due rent).