F-1 Enterprise Inc.'s Highlight Biggest Business Blunders Ever Made

    NEW YORK, NY, January 22, 2015 /24-7PressRelease/ -- Poor decisions are an inevitable part of life, many choose to learn from the experience and come out the other side wiser and better prepared for the future. However, some business blunders often take place in a very public setting which can sometimes make overcoming them successfully rather challenging. In an attempt to save face business leaders can come off far worse than if they simply owned up to a mistake and faced the repercussions head on. F-1 Enterprise Inc. are urging business leaders not to be afraid of making mistakes and even believe that in some cases a mistake can lead to new opportunities and new perspectives that would otherwise have gone unnoticed. However, the firm are keen to encourage business leaders to fully understand the consequences of their mistakes so that they can have a plan of attack should their decisions not pay off in the way they would have hoped. To help business leaders understand the impact a poor business decision can have, F-1 Enterprise Inc. have shared some of their favorite blunders ever made in the world of business.

About F-1 Enterprise Inc.: http://www.f-1enterprise.com/3-reasons-to-hire-f-1-enterprise-inc/

Excite passes on Google
Back when Google was just a small young company, the lesser known search engine Excite (now known as Ask.com) found themselves in the position to buy the plucky young company. Despite a relativity reasonable asking price of $750,000, Excite turned down the opportunity to buy Google, who are now worth $365 billion. As a consequence of their actions Excite could only sit back and watch as Google rose to worldwide success, proving that sometimes it pays to take a risk in new innovation.

Blockbuster Video passes on Netflix
When it came to movie and television rentals, Blockbuster used to be king. However, the company made the fatal error of refusing to move with the times and recognize the consumer call for online video streaming. The company turned down the opportunity to buy Netflix, the on-demand Internet streaming media giants who back then were a fairly small business. Blockbusters shortsightedness ultimately led to the company's demise, whilst Netflix grew to be a leading provider in online entertainment.

New Coke
Back in the 80s Coca Cola took the radical decision to 'improve' the classic recipe for their popular drink, much to the dismay of their consumers. The change only lasted 79 days, and after a backlash from consumers the soft drink company was forced to return to their original recipe. The lesson learnt? Always listen to the consumers and only deliver products and services that they actually want.

William Orten
Proof that blunders have cursed the business world for centuries comes from the tale of William Orten the man who famously turned down the opportunity to invest in the telephone back in 1870. Orten, who had a monopoly on the telegram failed to see the potential in the new invention and turned down the patent at $100,000.

F-1 Enterprise is a New York based sales and marketing firm who offer a range of innovative and engaging direct marketing solutions to businesses across the US. Through face-to-face marketing and promotions the firm help their clients connect with their audiences and build stronger customer relationships, which leads to increased customer loyalty and a high ROI.

F-1 Enterprise are specialists in personalized marketing methods because they believe this generates a high ROI for their clients.

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