What's The WORST Business Decision You've Seen?
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- Опубліковано 16 тра 2024
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The five-dollar season pass might work if you get all of your money from concessions, but it's likely at that price that you're going to be attracting a lot of people who don't buy concessions, most notably the sort of person who would use the park as a all summer daycare
Worked a gas station couple decades ago that had a mini food court that was 24/7. Each night we would sell between ~45 whole pizzas, ~30 various hot items like tortilla rolls, pizza slices, nuggets, wings, etc. ~120 hot dogs. During the morning ~60 breakfast burritos, ~20 hashbrowns, and ~20 breakfast tortilla rolls.
The store manager was awesome about it, sales were high enough and waste was low enough that he allowed us to write off end of time items to eat or take home. We didn't make more than needed since we had a build to for certain hours, and upkeep minimums to maintain. Waste was a given. Just wasn't as high as you think. Generally pizzas never had waste except for the super dead nights, and even then the highest was like 5. Rest of the stuff except hot dogs and burritos had between 1-3 waste. Hot dogs were very hit or miss. Some nights couldn't keep the case stocked to save a life, others had to waste the whole case, which was like 30. The store manager didn't care since they were such a high margin high volume item they broke even on even the high waste nights. The burritos swung as well but not as high. Either complete sell out or highest 8 waste.
The weirdest thing is that it was the burritos that the district manager got hung up on. Saying waste is too high and came down on the store manager to lower waste. Blamed it on us making more than needed to abuse the End of Time deal the store manager gave us employees.
Well, the district managers' idea to cut waste was to cut sales. Could only make 12 burritos max per shift. Then the rest of the items also gotten a large hit to the max allowed per day the following week. 2 months go by, foot traffic dropped like a brick after the change. Store manager retired due to the stress from it all, he was very open about his disdain for the changes. New store manager comes and removed the food court. Said it wasn't profitable to keep anymore.
The space got converted into a coffee self-serve station with cake snack racks.
The company got bought by another. But hey, at least waste was reduced, right?
Everything that playstation & xbox are currently doing to fuck up everything for everyone.
They're like, "this monopoly isn't good enough"
Sears. They had an entire supplier, warehouse, distribution, and catalog ordering system in place. If they had simply put the catalog online in the early 90s, Amazon would not exist. The executives didn't understand what the internet was going to do for retail sales.
Instead, the company stopped updating their stores, sold any valuable real estate they had, sold off all their name brands like Craftsman tools, and bought KMart to gut that company as well. Short-term massive cash in and stock price jump. The long-term result was the complete destruction of an iconic brand.
15:04 Never heard of that one. I have heard "never let perfect be the enemy of good" though.
Story 3 is proof of failing upwards.
Worked for a small gaming store as my first job. The owner had these idea that he was going to start the next major chain store. He had a small store to start that was very successful, it was in a prime location center of town and had about 100 or so loyal customers that came in once to twice a week to play games buy new stuff for their game, and so on. Well one day owner, we’ll call him J because honestly I can’t remember his actual name, gets into his head that he open not one but two other locations in different parts of town. So he drops a bunch of capital on a store front that is easily 10 times larger than his first store, like I think it was 4 suites that he rented out and knocked down all the walls to make one big store, great idea in theory as it had a large amount of both product space and play space for the customers coming want to play. He also did the same thing on the north side of town at the literal same time. Well what this actually did was divide the loyal customer base in to three camps, those in the center kept going to the OG shop, and so on for the north and south crowds. Now I play magic the gathering as well as worked at the shop and prior to J’s expansion is was not uncommon for 60ish people to be in the store playing on a. Friday night, after he opened the two other stores, no store got more than 20 people on a Friday, and those numbers dwindled because as it was a tournament with prize support people stopped going since the prizes got way smaller. Not to mention the revenues that came off of the magic folk buys drinks and snacks. Now J I don’t think ever actually understood what happened and why the other two stores killed his overall business, he would complain that the OG store did so well but that with all three stores his profits were actually smaller. The final straw was when he started trying to buy franchises of Trivelli’s sandwich shops, something that was a money pit from the word go as they were not popular in my city. J went out of business within two years of opening the other shops because he never could understand that while gamers may spend a lot of money they are also a very finite group in most places, if you have a great store bringing in hundreds of people a week, you probably have the corner on that market so spreading the market out is not a great strategy. Honestly he should have only opened one of the two new stores and closed the OG store after surveying his customer base to see where the majority of them lived or how far they would have been willing to travel for the great shop.
@5:50 - Unless it's entirely unavoidable ( _like unit unexpectedly catching fire or customer freaking out and smashing things_ ), not even getting a slap on the wrist for something that's not only got a well-documented plan that the co-manager failed to implement in every way? Nope, that's a nepotism baby right there.
BlockBuster not partnering with Netflix.
They were offered to buy them out for like 2 million back when Netflix started.
7:40 the cop was kinda wrong. Fault on that citation would end up on the company and owner if op would have taken it to court.
No, the cop was right. At least in locations that don't have laws to put the ticket on the registered owner at least anyways. Whether op could take it up with the courts to pass on the citation doesn't change it though. It is just proof that the cop was right and op would have had to take a drastic step in order to protect themselves. And being a commercial driver, it is even more so not on op's side. Cop gave that guy a huge break, because you are supposed to pay a lot more attention when you are driving for a living. Pre trip inspections are a thing, even on non class 1,2,3 vehicles. Any reputable employer will have you do a pre trip inspection to make sure this stuff is caught, because liability is huge. And even if they don't, as a employed driver one should be doing it themselves anyways to protect themselves from stuff like this and other situations such as pre existing damage, dangerous equipment and so forth. "I didn't know" is a poor excuse when you could have known had you simply paid more attention before you started.
Thanks for the video. I enjoyed it
Season passes at most places are less then the price of two one day passes. It’s wild
They make more money on concessions than they do on their ticket sales. Making it cheaper to get in means people are more likely to spend on concessions, too, since there's the illusion of "I've saved money, so spending more won't hurt".
First. Love you Rufus!
do you ever do stories from YT comments? or are we wasting our time typing them here? lol jw
Yes it is a good video
battlestate games is a perfect example, same with sony and what they did with helldivers 2
I'm quite sure that I know what "water park" that was because I got one of those $20 passes.
What water park was it?
Schlitz beer. Reduce quality to increase profits = become a great example of how to destroy a product and brand!
Note: I did not actually see that happen.
Just the usual: rewarding incompentent idiots for failing. Nothing out of the ordinary.
Cutting production hours so that production workers can’t fill a portion of the wall. (Big grocery store).
While i could see benifit of lowering the season pass to the water park a bit to drive up new attendees. Prices that low on top of a 20 follar gift card to walmart is idiotic. Personally, i would have driven the price to around $110 to $120 from the original $150 price and added a $10 one time use voucher per pass for the consession/merchandise stand, or it could be used to get a discount on the quick queue, i would have also thrown in 1 quick queue per visit per pass. This would allow the passholder to feel that they got a good deal, and you've not put yourself in a position to loose much money.
Canceling “inside job”
Real
Rufus, kudos for using Firewatch footage. A read along youtuber of quality
There have been a lot lately that we've all heard about.
All of modern gaming atm
I am curious what the game is.
Firewatch. Absolutely incredible game.
@@hidden_animator522 I should have guessed. Thanks for the info!
Yeah, wish he would put it in the description instead of leaving us to guess.
Oh snap I know the waterpark the second story is talking about. That’s seven peaks waterpark in Utah! 😂😂
Abused the hell out of that! For an additional $5 you get a year long tube rental. Another offer was $15 for season parking.
Absolutely, nobody was surprised when they went out of business.
16:51 is straight up fraud
Bro! You play WH40K!? What army you run?
Windows S Mode...