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Trump Steaks

Launched: 2007

Service rendered: Steaks

Years in business: 1

What went wrong: Trump filed the trademark nearly ten years ago, noting that it would be used for “meat, namely, beef, veal, lamb, and pork.” The meat itself came from the Sysco-owned Buckhead Beef, and after first (and presumably, unsuccessfully) attempting to sell the Trump-branded meat on a custom steak-centric website...

...Trump decided to work out an exclusive deal with—where else but—The Sharper Image. A bizarre pairing, sure, but The Sharper Image had nothing to lose. From Think Progress:

[Sharper Image CEO Jerry] Levin described the licensing agreement as “unique,” noting that it lacked the kinds of things he had seen in traditional agreements, like minimums, which would have required the Sharper Image to pay the Trump Organization a set amount regardless of how many steaks they sold.

As you would expect of anything worthy of bearing the Trump name, the steaks didn’t come cheap. For instance, $1,000 would buy you 24 burgers, 16 steaks, and the dull pangs of regret.

For whatever reason, the wildly expensive steaks sold by a novelty electronics chain didn’t fly off the shelves. Or, as Levin put it, “The net of all that [media attention] was we literally sold almost no steaks,” Levin said. “If we sold $50,000 of steaks grand total, I’d be surprised.”

But how did they taste? According to one reviewer, “They are really greasy, have no flavor, over-priced and just gross!!”

Edited by Mainecat
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GoTrump.com

Launched: 2006

Service rendered: Travel search engine

Years in business: 1

What went wrong: Remember Orbitz? Expedia? What about Travelocity? GoTrump.com provided exactly the same service but with significantly more Trump (i.e. pictures of his face, a delightful mustard-gold trim, and “Trump Picks,” which highlighted “specific hotels and vacation packages that are his personal favorites”).

As Trump explained in the website’s About section, “I only put my name on the best, and at GoTrump.com you will get the best information and the best online rate available.” Unfortunately for the Donald, “the best” doesn’t really mean much of anything when you’re boasting both private jets and cheap hotel deals.

When the site launched, a financial analyst told The Washington Post that it seemed like “a vanity site” that “won’t make much money.” He was right. The site shut down the following year.

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Trump Airlines

Image: AP

Launched: 1989

Service rendered: Hourly flights between Boston, New York City, and Washington D.C.

Years in business: 4-ish

What went wrong: This was another case of Donald Trump attempting to turn a service that already exists into something a little more Trump-y. But this time, rather than build something entirely new, Trump purchased Eastern Air Lines Shuttle, which had been offering hourly flights on the East Coast since 1961 with moderate success. That all changed with Trump’s magic touch.

The airline had succeeded largely because of its no-frills service—you didn’t need a reservation ahead of time, there were no seat assignments, no check-ins, and no boarding passes. You’d show up and hop on a plane for relatively cheap. When Trump bought 17 of the company’s Boeing 727s for $365 million in 1988, “he added maple-wood veneer to the floors, chrome seat-belt latches and gold-colored bathroom fixtures.”

Apparently, customers who appreciated the service’s ease weren’t into the over-the-top makeover. Alienated customers combined with the high fuel prices of the late 80s translated to Trump Airlines never turning a profit. As Time explains, “The high debt forced Trump to default on his loans, and ownership of the company was turned over to creditors. The Trump Shuttle ceased to exist in 1992 when it was merged into a new corporation, Shuttle Inc. No word on whether the gold-plated faucets survived the merger.”

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Trump Casinos

Saul Loeb—AFP/Getty Images

Donald Trump’s gambles don’t always go as planned. Especially when that gamble is gambling itself. In February 2009, Trump Entertainment Resorts Inc. filed for Chapter 11 bankruptcy protection for the third time in a row — an extremely rare feat in American business. The casino company, founded in the 1980s, runs the Taj Mahal, the Trump Plaza and the Trump Marina. All three casinos are located in Atlantic City, N.J., where the gambling industry has faced a decline in tourists who prefer gambling in Pennsylvania and Connecticut instead. Trump defended himself by distancing himself from the company, though he owned 28% of its stock. “Other than the fact that it has my name on it — which I’m not thrilled about — I have nothing to do with the company,” he said. He resigned from Trump Entertainment soon after that third filing, and in August of that year he, along with an affiliate of Beal Bank Nevada, agreed to buy the company for $100 million. The company reported it emerged from bankruptcy in July 2010.

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1 hour ago, Skidooski said:

How many successful businesses has he had compared to how many you've had? :dunno:

I am not running for the presidency dumb ass.

 

There is lots more.

Edited by Mainecat
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Trump Mortgage
"I think it's a great time to start a mortgage company,"  Trump famously predicted to CNBC in April 2006. "The real-estate market is going to be very strong for a long time to come." In reality, the market had already begun deflating at that point and would collapse within a matter of months. Unsurprisingly, Trump Mortgage's business fell far short of its projections, doing less than a third of the $3 billion in business executives predicted it would to do in its first year. At the time, Trump blamed the failure on the executives who run the company. He had tapped E.J. Ridings for the company's CEO position; the company's website boasted Ridings as having been a "top executive of one of Wall Street's most prestigious investment banks," but Money Magazine later found he had just six months of experience as a stockbroker before he went to work a small mortgage company. Trump Mortgage shuttered in September 2007. According to the Washington Post, the company never paid a $298,274 judgement it owed a former employee, nor the $3,555 it owed in unpaid taxes.

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Just now, Mainecat said:

I am not running for the presidency dumb ass.

 

There is lots more.

So you have zero, zip, nada? No successful businesses of your own 

How about Hillary then? She's running :read:

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1 hour ago, Skidooski said:

So you have zero, zip, nada? No successful businesses of your own 

How about Hillary then? She's running :read:

Nice try as usual deflecting. This thread is about Trumps failures and everything he touches turning into shit.

 

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Trump Vodka

Images: AP

Launched: 2006

Service Rendered: Drunk

Years in business: 5

What went wrong: After labeling the drink as “The World’s Finest Super Premium Vodka” and proudly quintuple-distilling it in Holland from “select European wheat,” Trump was proudly telling anyone who’d listen that T&Ts (Trump and tonic) were about to become the number one drink in the country.

Trump was supposedly attempting to rival Grey Goose for a spot on the nation’s top shelves. No one else seemed to have gotten that message, though, and the drink went out of production in 2011 when no one ever wanted to drink it.

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Just now, Skidooski said:

So you have zero, zip, nada? No successful businesses of your own 

How about Hillary then? She's running :read:

He thinks when his brother or BIL, or whoever the fuck hired him the job, he really was the most qualified for the position.

There are many businesses that do not make it.  There is one business owner I worked with who is a billionaire who basically had one successful smash hit and a string of about 30 losers.  

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Just now, Mainecat said:

Nice try as usual deflecting. This thread is about Trumps failures and everything he touches turning into shit.

 

So comparing them to Hillary is acceptable then since they both are running. What successful businesses has hillary had?

Using your logic from post #11 of yours 

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Trump University

Screenshot: Archive.org

Launched: 2005

Service rendered: For-profit, non-accredited fake business degrees

Years in business: 6

What went wrong: For a “school” that can’t actually give you any sort of recognized degree, $35,000 is a hell of a lot of money to spend on tuition. Especially when that school, according to the lawsuit four students filed against the business in 2010, consists of classes described as “extended infomercials,” sells “non-accredited products,” and takes “advantage of these troubled economic times to prey on consumer’s fears.”

Screenshot: Archive.org

Once the lawsuit hit, state education officials started hammering the school for operating under the name “university,” since it was never chartered as such and was operating as an “illegal educational institution.” So that same year, Trump changed the name to the Trump Entrepreneur Initiative. Already outed as a fraud, though, the business shut down a year later.

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Just now, ArcticCrusher said:

He thinks when his brother or BIL, or whoever the fuck hired him the job, he really was the most qualified for the position.

There are many businesses that do not make it.  There is one business owner I worked with who is a billionaire who basically had one successful smash hit and a string of about 30 losers.  

So he's the family plan token employee trying to define what a successful business person is

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1 hour ago, ArcticCrusher said:

He thinks when his brother or BIL, or whoever the fuck hired him the job, he really was the most qualified for the position.

There are many businesses that do not make it.  There is one business owner I worked with who is a billionaire who basically had one successful smash hit and a string of about 30 losers.  

I have been in the industry 45 years. Next dumb ass fuckin question from the moron squad

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1 minute ago, Highmark said:

Most entrepreneurs fail more than they succeed.   Only those with little knowledge of business don't realize that.

And how many attempts vs failures has Trump had? 

MC compare this to Hillary's 

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and a pyramid scheme......

 

The Trump Network

Launched: 2009

Service rendered: Vitamin pyramid scheme

Years in business: 2

What went wrong: Since the folding of Trump Magazine proved that people clearly didn’t have money to spare after the bubble burst, Trump decided to change strategies. With the Trump Network, Trump offered a get-rich-quick scheme centered around what else but nutritional supplements. The motto: Discover the Difference between Opportunity and Success.

The supplements came from Ideal Health, Inc, which Trump purchased in 2009. In addition to the supplements, though, Trump also offered the PrivaTest, which Trump’s site described as “a scientific window into your personal biochemistry.” A test that the Trump Network recommended be repeated every nine months for $100 a pop, which would be outrageous even if the test actually worked. But as Dr. Stephen Barrett, of health watchdog site Quackwatch, noted, “No single test can provide a rational basis for dietary supplement recommendations.”

What’s more, the company didn’t even deliver on its promised scam. A FOIA by Quackwatch in 2004 turned up the following complaint on Ideal Health filed in 2001:

The consumer states that she was working for this company trying to sell their dietary supplement products. The consumer states that she paid the company $5,412.50 for promotional leads, and marketing programs. The consumer states that the company never did the promotional leads, and took the consumers [sic] money and ran

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2 minutes ago, Skidooski said:

And how many attempts vs failures has Trump had? 

MC compare this to Hillary's 

Trump lives in a world none of us will ever have.  Like him or not, he has build up more success than failures. Some seem to be butthurt over this.

 

His kids also seem to have a good business drive and are not useless trust fund drainers.

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