5 ms·
The funny thing about business plan competitions is how often the "failures" turn out to be massive successes. The one I know of best is Raising Cane's chicken
by joshhart 16y ago
The funny thing about business plan competitions is how often the "failures" turn out to be massive successes. The one I know of best is Raising Cane's chicken fingers. The business plan was given a C- and then the founders went fishing in Alaska to make the money for the downpayment.
http://en.wikipedia.org/wiki/Raising_Canes_Chicken_Fingers http://en.wikipedia.org/wiki/Raising_Canes_Chicken_Fingers
- metageek 16y agoI was once told (in 1987) that the business plan for FedEx had been developed for a class, and it got a C because the professor believed nobody needed overnight delivery.
- vietor 16y agoObligatory snopes link: http://www.snopes.com/business/origins/fedex.asp http://www.snopes.com/business/origins/fedex.asp Summary: The rough idea of using centralized switching for parcel routing was in a paper for a class, but not much else. Key quote: "in a 2002 interview Smith acknowledged that "I don't really remember what grade I got. I probably didn't get a very good one, though, because it wasn't a well-thought-out paper.""
- metageek 16y agoThanks.