Two things you have never seen during the five+ year existence of this blog. One, anyone saying how busy we are as an explanation for our not having posted. My father is a retired college professor and one of the things I remember him saying was that no professor really cares how busy a student is in his or her other classes. The same is true in the practice of law. I cannot tell one client, sorry we missed your filing deadline because we were just so busy with our more important clients. Two, an open forum where we just throw out one or more things to our readers as a stop-gap for our not writing a real post.
Well, that is about to change. I got an email the other day from an undergraduate at Indiana University and I have been feeling rather bad about my somewhat flippant response ever since. Here’s the email:
Dan,
I enjoy your blog a great deal. it’s fun learning. I am a West Coaster and finished my schooling at IU-Bloomington. I’m getting a bit of the China bug…
My questions to you:
1. If one has an idea that they want to further explore, what criteria would you use to decide whether to manufacture (in China) vs. attempting to license an idea to a company?
2. Since you have dealt with so many smart and not-so-smart businessmen, what are the 3 biggest mistakes most business people make and 3 biggest reasons that have led to their success?
3. If you were a recent graduate and interested in China business, what areas would you delve into?
Jeff
And here was my less than enlighting response:
Jeff,
Thanks for writing. As much as I would love to answer your excellent questions, I just do not have the time to give them the attention they deserve. I’m not even sure I’d be that good at answering the last two and I think the answer to the first would mostly depend on what the US business wants to achieve and what capabilities it has.
Dan
So how would you have responded?
I truly do think all three of these make for excellent questions but I also think they are better suited to a businessperson rather than a lawyer, especially the last two. The legal answer to the first one is the classic, it depends. Surely someone out there can do better than I did and by doing so help poor Jeff.
Have at it, in this our first, and probably last, open forum.

