Not All Business Ideas Are Hits

March 4, ‘08

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Everyone who starts a business or has a business idea is worried about failure. This should not be something to worry about, but something to learn from. Not all of the businesses are going to be hits, and not all of your ideas are going to be failures. Every business has it’s up and downs, successes and failures. Look at McDonalds for example. Most people think it’s a well oiled machine and every product it comes out with is a smash hit and a great money maker. This is simply not true.

In 1996 McDonalds spend upwards of $300 million in research, product development and advertising for the Arch Deluxe. Consumers complained it was priced too high and and contained too much fat. The Arch Deluxe was a major flop and dies a quick death.

So next time you’re worried about something being a failure, don’t sweat it. Every business has them. Don’t consider it a failure, but instead think of it as a learning experience.

  • Written by Adam
  • Category: Misc
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