Historically Dumb: The Biggest Business Blunders in History

Mistakes are a part of life and as the saying goes, “you can always learn from your mistakes.” However, sometimes that’s not the case, especially if you’re running a multi-million-dollar business, one wrong move or slip-up can end up costing your business millions (or even billions) in missed revenue and even worse it can give your competitors an edge in the market.

Today, we will discuss the top ten business blunders that have gone down in history. Read on and try not to cringe.

Decca Record rejecting The Beatles

Imagine saying “no” to The Beatles, well … that’s exactly what Decca Records did in 1962.

Although it was one of their first auditions and it did bring out their nerves, The Beatles felt confident that they would land the record deal. However, Decca’s A&R Representative, Mike Smith made the terrible mistake of going in a different direction, instead signing a local band and declining The Beatles … who would later go on to become one of the “greatest bands of all time.”

The reason for Smith’s decision was he felt “guitar groups were on their way out,” but little did he know The Beatles would become a staple in the music scene, and would eventually start a cultural revolution. I am sure Decca Record’s had a hard time “letting this one be.”