Stupid business model of the day
A Seattle shop owner lets people pay whatever they feel like paying for her merchandise…
…and then wishes for “magic” to happen when she can’t pay her rent.
Well, given the nationwide contagion of bailout-palooza, maybe it’s not such a stupid business model after all.
Posted in: Idiots
See what others have said
Note from Michelle: This section is for comments from michellemalkin.com's community of registered readers. Please don't assume that I agree with or endorse any particular comment just because I let it stand. A reminder: Anyone who fails to comply with my terms of use may lose his or her posting privilege.
Trackbacks
Comments
You must be logged in to post a comment.
Categories: Idiots
Power Line
» More From the East Anglia Archives
Doug Ross @ Journal
» ACORN pwnage part II: Breitbart's BigGovt Lowers the BoomBig Government
» BREAKING: San Diego ACORN Document Dump ScandalVillainous Company
» Amateur Hour in the Oval Office Continues....Nice Deb
» OGreen Room
» Times Slimes Obamic ClimesLegal Insurrection
» Nation Mag Outs Secret U.S. Anti-Terror Program
Howzabout I show up with a dump truck or U-Haul (depending on the merchandise
) pay you nothing at all, and clean you out? Are you amenable to that? Sucker.
What do you expect when this society has evolved to where “businessman” is a vile slur, and basic economic realities are no longer taught in public schools. If this keeps up we’ll be wishing we had an economy as strong as Russia’s.
How could they close just days BEFORE black friday? Did no-one even tell them what black friday is?
Wow. And she’s probably registered to vote too. May God help us all.
Wrong! It’s a “casualty” of stupidness.
Michelle,
When I was a kid there was a bakery in Tacoma like this but that was way back in the 60s and it was just doughnuts and coffee. Think aging hippies, this is the cult of the 60s we are experiencing right now that is who has gained the leadership in the Democrat Party. Think of all the 60s characters that came out while Barack Obama was campaigning. The thing is Barack Obama can’t do all the nutty things, they want him to do, and run the country too.
Obama is going to have to make a choice…the Liberal Media is already whinning about why he can’t take over the Government now…That Pesky Constitution our Republic is based on.
I want to pay 1 dollar for her car.
lol, That’s how i plan on paying taxws this year… “What I Want”
ZERO.
I’ve seen this before.
I assume she’s a Democrat.
*TAXES
Here is my business model.
I am an independant consultant. I will not take a job unless I am PAID in advance.
She is not forced to close. By not following simple business practices she has ensured her own closure.
I’ll give you 45 cents for your cash register. What a maroon.
Mister P I’m with you , I used to ask for 50% up front now it’s 100% on all orders. no exceptions.
She’ll be eating the magical “wish sandwich” soon also.
It is kind of like the obama economic plan, Wish really hard for good things to happen.
What an absolute loser…..moonbat to the nth degree…..
I would love to see the original business plan…..
LOL
Lady, it was magical thinking that got you into this fix in the first place.
I am guessing the “Jane Horowitz for Congress” campaign starts next week?
Her grasp of economics should make her one of the rising stars of the Democrat party.
I wonder if she took out any small business loans, and if so, where can I get one?
So she’s had a going out of business sale ever since she’s opened?
Yet another liberal Seattle “businesswoman” learns that her customers do not behave like Christians.
My collie says:
With her shrewd business-sense and style, she has eliminated shoplifting and the need for security. She is Brilliant.
Too many magic brownies…….
I got a chuckle out of this! How ironic!! She’s clearly not in tune with the business world/cycle.
Although she has an interesting theory, in the real world, her landlord has actual concrete bills (like rent) to pay with non-negotiable terms, deadlines, and CONSEQUENCES.
She can’t blame the economy for this one, she tried to circumvent economic principles and burned herself. Even kids playing store make up “real” prices and play with “real” money.
This could be expected to work if people have some idea of the value of what they are buying. Maybe their store would work better if they would post by each item what the prices are for similar items from various other stores. Otherwise I wouldn’t know if an ugly lamp was worth $1 or $100.
ROFL. The wife and I went car shopping and we brought in one of the “You Have Won” flyers. The babe at the table took our certificate and said we could have anything on the table. I took her BMW keys and stuck them in my pocket.
I was nice – I gave them back but she was panicked. I would have done the same thing to her – car for a dollar – if she left them in sight.
Too much rain and THC can make a person vulnerable to thoughts of being a business owner.
And this is why socialism does not work…
So, she BUYES stuff to virutally GIVE AWAY and wonders why she’s failing?
Must be a democrat.
MEAN old owner, to insist she pay her rent. What kind of a world does HE come from, to demand such a thing?
REAL one, maybe?
Exactly. It is this type of thinking that has our government furiously trying to “bail out” everybody and their brother with BORROWED FUNDS.
She donates to some charity or other from her profit and then tries to pay the rent. The last time I looked profit was revenue less expenses and rent was one of those pesky expenses.
Good grief.
I am wondering what the actors guild business model is as they threaten to strike.
Also the next bailout appears to be the 3 Networks.
Here is what the line for the 2.5 million jobs looks like.
This is the end result when you don’t allow children to play “tag” and other games in grade school. There are no winners, there are no losers…Kumbaya…bail me out.
This “businesswoman” (and I use this term lightly) didn’t know how to run a business and now she’s out of business. Human kindness and charity alone (or your customers determining the price of your goods) won’t pay the rent or take the bite out of an economic downturn. I think she, like a lot of other small business people, will fail because they had a bad business model.
There are a lot of fiscal and business pollyannas out there. How many wanna bet she thought Obummr was gonna bail her out of her sorry state? Man, a lot of these liberals are gonna be in for a surprise when human kindness and empathy aren’t restored overnight when Obummer begins his “rule.”
Wow. People here are harsh.
She seems like a nice lady who tried to do something nice for her community. I don’t think it was the wisest business model. But I don’t think she was necessarily profit driven, so perhaps for her needs it was the right model.
Also, let’s not forget, lots of places with set prices go out of business too.
PS: why do you care?
Well here’s your problem right here! (as accountant looks over the business owner’s books) Not enough Fairy Dust! Now, you just get yourself more Fairy Dust (ie: Government Bailout money), and you’ll be back in black (cue ACDC here) by end of next quarter.
Because a bunch of non-profit driven socialists who care more about being liked than effectively running an economy are about to be put in charge of the US Government.
Our budget and tax policies are going to be set by Jane Horowitz.
Nothing wrong with giving back, but the woman should have kept enough to show a profit, paid her bills, and then she could have had specials and giveaways.
It would see the lady is a victim of inverted priorities. OH WELL…..
It’s that new math! Numbers don’t have to add up anymore.
First of all, I think that last statement is a bit of a stretch.
Also, there are plenty of efficient, well run, sustainable non-profits out there. You need look no further than certain megachurches.
I also don’t think the aim of the government is to maximize profits, nor should it be. If that were the case, you would see government entering the free market even more so than they currently do. I do agree that efficiency is a concern. However, profit motives are not necessary for efficiency (see above).
she needs to change meds or get back on ‘em.
Why do you? Really… why do you? Because you have a bleeding heart like this woman?
I don’t mean to be cruel… but, business isn’t built on charity, even the non-profits have a budget that they have to live on and what kind of costs they can live with. If this woman wanted to run a charity, then she should have realized she was going to have to get a real job to pay for her rent. Nothing is for free in a capitalist society.
The only reason we’re discussing this woman at all is she’s a small symptom of a larger problem in this country. This country is no longer built on hard work, sacrifice, and saving for what you want. It’s now built on unrealistic dreams/expectations, gimme gimme handouts, and doing little yet thinking that can still propel you into a multimillion dollar reality.
We have a whole generation of kids (the gen Y’ers) who are so arrogant that they think they’re special and can get anything they want because Mommy and Daddy have built their egos up so high. Plus, the self-esteem movement has cossetted people for the past 15-20 years where there is no failure, no competition, everything will be taken care of for you if you just buy into certain myths like doing the bare minimum and getting the same result or going to college yet failing to recognize the big debt you’ll have to pay back. We have so many overly educated nimrods who only know how to do one thing, yet we have nobody to replace those who do some of the most sought after work such as welding.
Look at the bigger picture, bluesoc. This woman is one of millions in this country who are living in a “My Little Pony” universe. I’ve seen it in 8th graders I’ve taught who argued with me about why I gave them a C for a paper in which they didn’t read the instructions or accomplish the objectives of writing a well-thought out paper.
Basically, people don’t know how to function in a society without having their ego stroked and their head patted with an atta boy! for good measure.
Only in Queen Anne Hill would this happen…my missioanry work there never ends (re:my wealthier cousins from that community)..
The Right Reverend Love2Rumba has spoken…
/sarc
Theoretically no, but as a practical matter in the real world, people spend most efficiently when spending their own money on others. People spend less efficiently when spending their own money on themselves, and less efficiently still when spending other people’s on themselves. The least efficiency of all comes when people spend other people’s money on other people.
Common sense, something deplored by left-wingers.
No offense, but you need to take a look at what constitutes a “non-profit” business…they sustain themselves by not making money? Plze now.
Employees for corporations spend other peoples’ money on other people all the time.
From the comments:
Umm, no. These bailouts are not to preserve capitalism but to subvert it. If Capitalism were operating, we’d let the incompetently managed companies die and be replaced by ones that were managed well.
So?
I’ve worked at a nonprofit as a paid employee. I don’t think I ever said they don’t try to make money.
Also, corporations don’t confiscate people’s money by force like the government does. If I don’t want Starbucks or Rainforest Cafe to have my money, I can just refuse to purchase their products. So, I have no reason to complain how they spend it.
The government takes my money away under threat of imprisonment. I am very much within my rights to demand that they be responsible with it.
(Explaining markets to socialists is like explaining poetry to robots, but alas… someone will benefit.)
Why do you think I’m a socialist?
Perhaps I wasn’t clear enough.
I did not finder the posters comments to be accurate. I think corporations can be quite efficient, perhaps even more so than an individual spending money on himself.
Otherwise known as “survival of the fittest.” Which leads me to wonder, why do libs try to force the evolution agenda on our children in the classroom (where it has NEVER been anything but a theory but of course must be taught as if it is a settled fact), but can’t allow “natural selection” in the business world? Yet another example of the left’s hypocrisy…it’s a pretty long list.
I am willing to pay 28 cents for the last $500.00 she has in the business checking account.
Only if employees are incentivized to be efficient. An employee who receives a bonus for reducing costs, for example. In which case, the employee is no longer strictly spending other people’s money on other people, but has a financial stake in the outcome.
The Federal government works precisely the opposite way. Agencies are encouraged to spend to the limit of their budgets so they can demand increases the following year.
Whoh that’s so affordably-licious dudette. I’ll be right over with my trailor and my pocket change.
Reminds me of the old joke…
A man is talking to his future son-in-law. He asks him, “How are you going to provide for you and my daughter?”
The boy responded, “I am a biblical scholar and God will provide.”
The man asked, “Do you have a job?”
The boy responded, “I am going to school and God will provide.”
The man asked, “If you have children, what will you do?”
The boy replied, “I will study, and God will provide.”
After the talk, the man’s wife asked how the converstation went. The man said, “Well, he does have one redeeming feature; he thinks I’m God!”
I’ll bid 29 cents.
eBay sniper!
The amount of money spent does not decide efficiency. Rather, it is how that money is spent that is important.
Incentives to spend an entire budget do not preclude incentives for efficiency. It’s possible to have both.
That is exactly what I tell my children about the inefficiency of the public schools:
It’s not that you spend money, it’s how you spend money.
Unfortunately, the public schools are pretty much run by idiots like Jane Horowitz. They have no comprehension of the value of money. The money is spent on over-inflated teacher salaries, useless administrators, and sub-standard education.
If we had a voucher system in our schools (a true voucher system, not a socialist sliding scale), we would see a vast improvement in the intelligence of our students.
Can’t have that, though. Then the young ones might not vote democrat.
It’s all good – Obama will pay her rent, mortgage, food bills, whatever. He said he would – he wouldn’t LIE, would he?
Um… I wish to associate myself with these remarks. Absolutely SPOT ON.
Cicero,
You’ve been watching too much “The Price is Right” over the years, huh?
The only thing magical in her shop are the mushrooms.
“A fool and his money…”
Enough said.
Probably? Absolutely no doubt she pulled the lever for Obama.
I’ve often wondered how a fool and his money got together in the first place.
ROFL… THANK YOU SO MUCH… I needed a laugh today.
This really is hilarious. I GOTTA MEET THIS PERSON. I cant believe anyone would be this nuts.
Good job liberals. Reminds me of something I saw on tv where a woman started a business where everything was free… people traded what they had rofl.
I am reminded of the “free stores” that hippies used to try during the 1960’s and early 70’s.
As we like to say in the submarine force, “the stupid shall be punished”.