“Should I buy my child a cell phone?” is a question that parents often have. The problem with the question is that there is no clear-cut, well-defined answer. There are multiple things to consider and because every child and every situation is different, you may not be able to find a perfect answer.

In business, you must always be on the lookout for so-called Black Swan events. This may seem a bit illogical, but the point is that everything you rely upon in business has the potential to completely upend or destroy your business. Many years ago, my business sold a driver’s educational DVD that we had produced ourselves. We had first released it in the year 2000. It sold very well due to a single high-volume affiliate.