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Am I the Genius?

What EPIC FAILS Have You Seen from People Starting their Own Business?

Am I the Genius?

youtube.com/@amithegenius

Self-improvement, Education

4.7643 Ratings

🗓️ 17 December 2024

⏱️ 24 minutes

🧾️ Download transcript

Summary

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Transcript

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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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