I got to work on my first sets of Swiss watches today! Very exciting stuff. I busted a knuckle, scraped my hand and cursed quite a bit 😀 However, there really is no other feeling like that when I fix something that was broken (particularly when I was the person who broke it in the first place!) I feel very accomplished now that I have fixed two watches today. It is rather fulfilling!
It’s going to be 6-9 months before things start moving into recovery, and they are going to get much worse over the next 3 months. And that is a best case scenario. Why is this recession going to be so long and so severe? Simple, we denied it was happening for almost an entire year!
Remember, according to our government our economy was fundamentally strong just 3 months ago. That wasn’t the case then. That wasn’t even the case a year ago.
Recessions are fairly simple to recover from if they are dealt with responsibly. Ignoring it for 12 months just dug us a deeper hole. It would be like ignoring a broken leg for 12 months. Your leg would take longer to heal and would probably heal incorrectly (i.e. via $700 billion government bailout = $15 billion automobile industry bailout).
During the holiday of 2006, I posted a verbose blog about how Sharper Image is going down the tubes. My prediction was off by a few months, but reality has finally hit The Sharper Image management. Sharper Image Bankruptcy is now reality.
I had to update this blog as news about Sharper Image’s Bankruptcy started hitting the news all over the place:
Of course, it was all over the major news networks yesterday and today as well. So, I decided to a couple of section.
When Analyzing the Sharper Image Bankruptcy, You Might Know You’re Crazy If:
You think Sharper Image won’t be sued by it’s investors
You think Sharper Image was going to turn things around after firing founder Richard Thalheimer
You think Brookstone is going to fill the shoes of Sharper Images
The decline of any giant like Sharper Image is always good news for others. For instance, there will be countless lawyers and collection agents who will have additional work because of this monumental blunder. Richard Thalheimer will have to hire additional employees to handle the added traffic to his RichardSolo.com. Also, it gives the media plenty of work and has kept a lot of stockbrokers busy as of late. There are likely bound to be countless books about Sharper Image coming out. Here are a few title suggestions:
Death of a Gadget Salesman: Why Firing Richard Thalheimer Expedited the Decline of Sharper Image
The New Face of Innovation: Bankruptcy
The Rise and Fall of the Holy Gadget Empire
After having slept through most of the 2 hour premiere of the new Knight Rider on NBC last night, I was about to say it would have one season of life. That was until I paid closer attention to the sponsors: Ford and Microsoft.
The new K.I.T is a Mustang. Depending upon what happens to sales of the mustang over the next television season, we can expect Knight Rider to be back because Ford will be willing to pay for the show.
Microsoft has considerable interest in NBC (MSNBC). Depending upon how well Ford vehicles with Microsoft’s Sync system sell, you can bet that Microsoft will be willing to help pay to keep the show on their television partner, NBC.
In much more simple terms: Knight Rider is an infomercial for Ford and Microsoft. I’ve tried this before on a much lower budget when I produced a television talk show starring Christine Eads. It is a brilliant idea if sales pan out for Ford and Microsoft.
Is Microsoft on the verge of creating the modern equivalent to Soap Operas? Will we call them Sync Operas? Stay tuned to NBC and Knight Rider to find out!
What would happen if everyone in America watches The Big Idea with Donny Deutsch on CNBC? First, there would be a run on the cable companies because you can only get CNBC on cable. Second, fellow blogger Tony Iovino would take his $600 check he’ll receive from the Federal government in May and actually cash it to invest it into a new invention (and he would start using the vastly superior WordPress blogging system). Third, the US economy would flourish.
Today, Bush signed his stimulus package, creating checks for millions of people in our economy. Lots of people love to complain about the symantics of the deal. Call it welfare. Call it a rebate. Call it what you want, it is our Federal government giving money to people that live in America.
Using some of the people I’ve seen on The Big Idea as an example, what those $600 checks have the potential to do is generate billions (yes, you read that correctly, BILLIONS) of dollars in revenue/income for Americans. How? Well, you should watch The Big Idea. The show has featured scores of people who have started their business for little more (sometimes even less) than $600. These people has created jobs, used resources that support other businesses, and made people a lot of money.
Sure, if everyone who receives a check goes a spends it on a toy at Walmart, it won’t do much for boosting the economy. However, let’s have a little fun with the math here. 130,000,000 Americans are going to receive a check. If even 0.1% of the people who receive checks become Donny Deutsch success stories, we are talking about generating $130,000,000,000 of revenue for the US economy over the next year! That’s correct, just one-tenth of one percent of the people who receive the checks need to become Donny Deutsch success stories for the checks to pay for themselves in just two year. One-tenth of one percent. That is about the same as a run-of-network banner advertisement on ValueClick!
Anyone who says the Bush stimulus package of a $600 tax rebate is not going to stimulate the US Economy hasn’t been watching The Big Idea with Donny Deutsch. I’ve seen more millionaires made from $600 or less on that show than I ever thought was possible. The moral of the story: Your wealth is what you make of it.
Every time I watch that show, I’m completely inspired. Regular people making it big because they had a dream that they pursued. My favorite episode was a few days ago. I can’t remember the guy’s name, but there was a venture capitalist on the show who said that the “side job” never becomes the next million dollar idea. Got me thinking about how many “side jobs” I’ve had over the years. None of them took off. Watching the show, I see nearly all of the stories have something in come: they quit their job went after the dream.
What dream is worth dreaming but not pursuing? Time to take the plunge. Grab that $600 tax rebate and do something with it!
Think again! Gotovertime.com has compiled a list of common reasons we think we are exempt from overtime:
- Paid on a Salary
- Paid more than $95K
- Supervise two people
- Comp time given for overtime
- Only clocking 40 hours
- Not clocking in and out
- Not paying for travel time
Chances are you’ve fallen into one of these traps. I know plenty of people who have. Most of which are computer programmers. For some reason people in IT seem to really be disgruntled by the amount of work they provide, the amount of value they provide to the company, and how little they are compensated and valued by their employer.
Guess what IT folks? You’re rights to overtime are changing and not for the better. Here’s a bit of news to help you feel even more upset about your unfair treatment at work. Of course, you’ll probably just sit there and complain rather than do something about your unfair treatment. Good luck with that.
oooooooor… Do yourself a favor and be the first guy at your company to must up enough guts to make a difference for all the people in IT who have been taken advantage of before you’re rights to overtime are whittled away to nothing.
Sometimes chalked up as “hippie consumerism”, green products have not received as much mainstream coverage as some of these great innovations deserve. Nor have they been accepted as widely as there is a true market for green products. There is a laundry list of reasons that green products have been muddling along for the last 15 years.
Often times green products are seen by some of the media as products that are developed by finger-pointing environmentalists who want to find fault in modern consumerism (watch Fox News). Some times, there are short-sighted green products that look green on the outside but fall short. For example, someone sent me a “hydrogen fuel cell charger” the other day. Thinking that I would receive something that I could just refill with distilled water, I was completely disappointed with what I found: a unit that I need to send back to the manufacturer to recharge! Let’s do the calculation on the UPS truck picking up the unit to send it back to the manufacturer. Not really green, sorry.
But things are reaching a tipping point for green products, making it one of the most impressive opportunities for business in years. Green products are not just “good” products or products that make the environment happy. What green products really are is the evolution of product development. After inventing hundreds of different types of batteries using limited (and mostly dangerous) resources, what is next? Developing a portable power source that is made of renewable and less toxic materials. After more than a hundred years of the internal combustion engine, what is next? Just think back to the replacement of the steam engine. Sure, there are steam engines around today, but they have mostly been replaced by better technology.
Our cars. Our homes. Our appliances. Our energy sources… These will all change into green products in the future. Remember the source of light for most homes in the United States at the beginning of last century? Wasn’t the light bulb folks! Remember cash registers from the 1800s? Weren’t swiping credit cards my friends! Remember how we traveled across the Pacific for most of the 1900s? Wasn’t in an airplane like today!
So, what is next for business? What is the next great industry that will take us through the evolution of the silicon age? Green products. This shift in industry won’t be led by the picket lines and inconvenient truths. It will be led by good old fashioned pioneers of innovations. People like Richard Branson and Bill Gates and George Westinghouse and Benjamin Franklin and Leonardo Da Vinci and Archimedes… and anyone who puts their ideas out there and makes it happen.
Be on the lookout for big news about green.
Any of us who use Windows (you know who you are by the sucker written on your forehead), have seen the “You have unused icons on your desktop” message pop up from time to time. But most of our screens are not displayed on a screen the size of a 10 story building like this guy:
I kinda wish I had stuck around to see them clean the desktop 😛