Wearable technology is one of the newest market trends that can be seen in the popularity of products such as Google glass. Many companies in Michigan and elsewhere have become profitable by offering wearable technology products to consumers. However, there are still some risks associated with this particular sector. One of these is the possibility of business litigation resulting from defective products.
The toughest thing for any entrepreneur is to find funding. Brilliant ideas abound but funds are scarce.
Hiring lawyers to prepare a private placement memorandum is expensive and the money raise requires endless meetings and telephone calls to cobble together the full offering amount. Rewards crowdfunding (kickstarter.com, indiegogo.com) has exploded but its limiting.
Believe it or not, the weather plays a large part in many markets. This is definitely the case with the energy industry in Michigan or in any other state. One energy company is finding this out following a recent spate of cold weather in its area. This caused energy bills for consumers to increase, which has prompted consumers start business litigation against the energy company.
Privacy is important to most Americans. This has become a pivotal issue in American society in the midst of the rise of the NSA and the Edward Snowden scandal. Now, Google is being accused of invading the privacy of its users, including many people in Michigan. The company is now facing business litigation that may become a class-action lawsuit.