4.7 • 643 Ratings
🗓️ 17 December 2024
⏱️ 24 minutes
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0:00.0 | What epic fails have you seen from people starting their own business? |
0:05.0 | At a place I used to work, we supplied printing companies with their ink. |
0:10.0 | Being that digital printing is well and truly established at this point, |
0:14.0 | there wasn't a whole lot of business for this kind of ink anymore, |
0:17.0 | so there was a lot of competition between suppliers. |
0:20.0 | One of the technicians somehow weaseled his way to the top despite having no business experience. |
0:25.6 | When he was told very simply just to make more money rather than go out and find new customers, |
0:30.6 | his bright idea was to make our company's ink weaker with the intention that our customers would just have to buy more product to complete their |
0:38.2 | jobs. Surprise, the customers didn't like that and went to the competitors. Business was closed |
0:44.2 | within a year. The CEOs of the parent company in Japan weren't fully aware of everything this guy was |
0:49.6 | doing to run the business into the ground. There was a lot more stupid crap he'd pull. I could probably |
0:54.2 | full a book with stories from that place. It was not a sound business plan that you could compare |
0:59.0 | to other products and companies, because we were already getting some complaints that some of our |
1:03.4 | colours were weak. This is what gave the guy the idea to make them weaker. He was told by several |
1:08.3 | people it was a stupid idea and that it wouldn't have the desired effect, |
1:11.6 | and that it would just drive our clients away. |
1:13.6 | He was certain, though, that they'd all just accept the crappier product and pay more for it. |
1:18.6 | The Banana Pudding Store. |
1:21.6 | One day, my ex-boyfriend and I were taking a stroll downtown in the city that we were living in at the time. |
1:26.6 | We passed a store |
1:27.9 | that was called the Banana Pudding Store, or some such, I don't really remember exactly. |
1:32.7 | Well, I say, let's go in. I'm sure that they sell more than just banana pudding. You know, |
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