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Douglas s story, which started out as an underdog triumph, took a disappointing turn about nine months after his historic win over Mike Tyson. When he left the ring in February, he was in the best shape of his life and the new heavyweight champion of the world. He spent the next months doing the media circuit, appearing on the David Letterman show, posing for the cover of Sports Illustrated , signing autographs, and enjoying his fame. At the same time, however, he was still grieving for his mother. He also admitted to suffering from stress and depression due to a dispute with Don King, the boxing promoter with the electric shock of hair, who did his best to have the results of the Douglas-Tyson fight overturned. What he did not do was return to the training ring with the same intensity that he had when preparing for the Tyson fight. By the time he weighed in for his fight with Evander Holyfield, he looked like he d eaten every cheeseburger in the world. A neat way to understand this is to remember your school. Over the generations, elementary school has served as a window on the way our culture works. Two hundred years ago people worked as craftsmen. They had few mechanical devices, worked on just a few products at a time, and turned out objects that were unique and of very high quality. It is technology, the human conquest of nature, that has changed the world forever, more so than all the changes in political and ideological spheres What will affect your generation s lives more profoundly than any other factor is the increasing speed of scientific and technological change. Your lives will become healthier and longer because the human genome has been mapped. There will be a flowering of discoveries in biotechnology over the next few decades There will be more food and goods for consumption worldwide. Trade and investments will expand globally as consumer societies thrive in more and more emerging countries More people make for more economic growth, more prosperity. But more people worldwide also build up grave problems earth warming, rising sea levels, melting ice caps as carbon dioxide and greenhouse gases in the air change climates throughout the world. With a greater density of people, there will be more friction and conflicts as they fight for the same finite space in the world and for its limited resources, especially oil. There are other deep and abiding problems AIDS, drug smuggling, illegal migration, global mafias. They are part and parcel of the globalized world, like global terrorism. 16 Hackable, 225 Be cautious when making offers that include a percentage discount a fixed-dollar discount is better. Special package deals Many companies create a unique package or service just for their deal offer. You are usually not required to continue to offer that product or service beyond the term of the deal. For instance, say your company usually offers only hour-long dance lessons for couples and prices them at $40 per hour. For the deal only, you offer a half-hour dance lesson for couples valued at $20 but sold at $10. After the offer has expired, coupon buyers may be able to get $10 off the $40 price, but you aren t required to offer the half-hour lesson anymore. Bookkeeping nightmares These deals can leave you with a record-keeping headache, from tracking outstanding and redeemed offers at the register to holding potential entries on your books, even for expired coupons. Talk to your accountant about the impact on your financial statements for these ongoing liabilities. Waiting for payment Payment isn t swift, either. Some coupon services divide your payments into three installments paid over 60 days, which could create cash flow problems for you if large numbers of buyers redeem their coupons quickly. Price-gouging customers Nasty deal-seekers may threaten to write bad reviews if you don t meet their demands to provide more than the deal offered. They may demand a higher-priced product or service at the same discount, a greater quantity than you offered, or a deeper discount. Being unprepared If you can t provide high-quality service to meet the demand with the staff or space you have, you may lose not only the customer but also your reputation, if poor reviews appear online. Depending on the deal you re offering, protect yourself from unhappy customers by requiring appointments, stating subject to availability say, for a massage or a haircut , and allowing adequate time to redeem the offer.