Worst Business Decisions People Have Ever Seen

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mattstaff
Nov 7, 2021 9:00 AM EST

Unfortunately a reality of being human is that there will come various times when your judgment is seemingly chucked right out the window. Hopefully, when this happens you don't find yourself in a position of power where you're being held responsible for the very health of a business. Or, maybe if you've already suffered a self-created business blunder of your own, then these fails will make you feel a bit better about whatever cringe from the past keeps you up at night. 

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  • 01
    Font - Strokedoutbear · 7h In my hometown there was an independent fast food and homemade ice cream place, long established and run by close friends. It was a goldmine. They decided to sell and retire. New owners immediately changed everything. Painted it a wild color, removed some attractions on the grounds, changed the 60 year old menu and switched to commercially made ice cream. They lasted 8 months. G Reply 1 3.3k 3 ...
    via r/AskReddit
  • 02
    Font - RaceToYourDeath · 7h Knew this guy who wanted to start his own BBQ and hot sauce line, here was his process: 1. Get high with buddy and make the decision go into business together. 2. Argue about who should be financing the business 3. Get a loan from Grandma 4. Order a bunch of bottles 5. Use a sharpie and some blank labels to put on the bottles 6. Fill the bottles with bulk BBQ sauce. 7. Try and sell these to Walmart 8. Get upset that Walmart won't shelve your sketch sauces 9. Have seve
    via r/AskReddit
  • 03
    Font - kor_hookmaster · 7h Property management company I used to work for had a number of student properties and high-rises that were always a struggle to fill in the summer months when students went out of town. Head office came up with an offer that anyone who signed for two years got the four summer months at 50% off. Sounds like a good deal, 50% rent is much better than zero. We signed tons of students. However the lease templates that head office sent over showed the reduced rent rate on th
    via r/AskReddit
  • 04
    Rectangle - USSMarauder · 8h Target's expansion into Canada collapsed in 2 years and cost them Billions G Reply 513 3
    via r/AskReddit
  • 05
    Font - amalgamas · 7h Take a help desk that has been consistently rated extremely well by its customers for their first-call- resolve, attitude, and helpfulness; outsource it to a company that's been rated towards the bottom of the list for over a decade because it costs less than the salaries/benefits of your former in house help desk. Then complain when your first-call-resolve drops through the floor and your customer satisfaction is at an all time low. G Reply 4 634 3 ...
    via r/AskReddit
  • 06
    Rectangle - BussySlayer69 · 6h AT&T bought warner media for 80 billions in 2016 just to sell it for 40 billions now Buy high sell low É 6 Reply ↑ 286 3
    via r/AskReddit
  • 07
    Font - mechanicalsam · 6h When my boss for a small brewery bought a bottling line without doing any research from the first sale men that contacted him. Was a company that did bottled water before, not carbonated beer. Was a huge disaster that almost sunk the business. Or maybe it was the "hype vehicle" he bought that spent it's whole life in the shop because he knew nothing about buying used cars. Never got health insurance there either. .. G Reply 197 3 + ...
    via r/AskReddit
  • 08
    Font - PhillipLlerenas · 8h I worked at Hollywood Video from 2006 to 2009. At that time Netflix was growing by leaps and bounds and our revenue was dwindling from year to year. Instead of copying Netflix's model and using their more recognizable brand name to edge them out of business, Hollywood shrugged their shoulders and continued renting single DVDS for $4.99 for 3 days plus late fees. Where they at now? G Reply 4 429 3 ...
    via r/AskReddit
  • 09
    Font - DiaHosein · 8h A friend of my husband's owns a sports bar. A few months ago he offered $1 beers. The place QUICKLY became overloaded with homeless people and the regulars didn't like it and stopped going. Special didn't last lon G Reply 928 3
    via r/AskReddit
  • 10
    Font - NitroJ7 · 8h Start a company with no vision, no plan, no strategy. Hire freshers who are energetic, creative and willing to lead. Start growing because your team is good and motivated. Feel insecure about team not working enough. Refuse to hire experienced folks. Refuse good hikes. Demotivate your team with your insecurity and drive them out of the company. See decline in profits and growth. Hire freshers again. Start over.
    via r/AskReddit
  • 11
    Font - ambrosiadeux •7h Cafe I work for decided it wanted to fire everyone except for the leads and the manager. Then told the manager they weren't paying her salary anymore AND she needed to take on more work. Assumed people would do it because they "love their jobs" A G Reply 4 617 3 ...
    via r/AskReddit
  • 12
    Rectangle - EdithHammell · 8h The guy who took the decision to refuse The Beatles for his record company must be pretty bummed O G Reply 4 307 3
    via r/AskReddit
  • 13
    Font - Stevie-Avail •6h Circuit City was pretty stupid. When the recession hit, they decided to stop selling appliances and instead focus on DVDS and televisions and such. (Appliances are known as being a recession proof item. People always need refrigerators and microwaves. They don't need DVDS.) They also wanted to cut down on labor costs, so they fired a lot of managers and assistant managers, and just left a lot of entry level employees because they were cheaper to pay. Well, entry level emp
    via r/AskReddit

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FAIL cringe askreddit ridiculous dumb Reddit business funny stupid
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