DTEJD1997 Posted January 23, 2017 Share Posted January 23, 2017 Hey all: I want to get a thread going on a slightly different tack.... I am going to start a competition between us for the most idiotic business idea! In order to poast, you must have personally witnessed your submission or have had first hand knowledge of it. I will get this thread started with the following: I personally know somebody very well who is going to start selling bugs & worms as edible food. This person has a TERRIBLE track record of businesses. He has lost money in everything that he has done...going bankrupt a couple of times. He has lost real estate, filed bankruptcy, etc. He is a University of Michigan graduate.... He read on the interwebs that the world is running out of food and that bugs & worms are viable protein alternatives. Namely meal worms, crickets, and perhaps earth worms. So he has researched raising meal worms. He is going to sports bars & strip clubs in the Metro Detroit area to sell them on this idea. His line of reasoning is that people in sports bars & strip clubs are drinking alcohol and are willing to try new things... Mind you, he has never done sales before. He has a TERRIBLE, look, disposition and frequently gets into arguments/fights with people. I am afraid that if he is not INCREDIBLY careful in doing this, he is going to receive a terrible beating. Getting arrested might be another alternative. Who is going to buy BBQ & Sirracha meal worms from some dude wandering in off the street? Meal worms grown specifically in his garage? He has already ordered supplies, growing tubs, etc. In addition to this being a bad business decision....he also risks tremendous collateral fallout. He has 10KG of BBQ meal worms coming to his house. He, his wife, & kids are going to eat them. He has formulated this idea completely by himself without any support/input from family. He is also going to give them out as his samples when he goes the bars/clubs. I only shudder to think how his wife is going to react to them having to eat KGS of BBQ meal worms.... He will farm them in his garage, which has a workshop space and plenty of room. What are his margins/yield? He does not know, not even a guesstimate. What will he sell them for? He does not know. Can you even produce food in your garage and then bring it around for human consumption in bars? Aren't there laws about food production? A: I don't think there are any for worms/crickets/bugs. Do you have sales brochures/website? NO Do you have a sales pitch? NO This goes on & on...but I predict that he will get ZERO in revenue, will have a disgruntled wife/children, wasted time & capital, might be arrested or beaten/robbed. Can anybody top this example? Link to comment Share on other sites More sharing options...
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