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July 19, 2023
By
The Admiral Staff
The article explores a collection of failed business ideas, ranging from the bizarre to the seemingly logical, offering lessons for aspiring entrepreneurs. Examples include RantBlogger, Breakfast Cola, a drive-thru strip club, and even chocolate sausage. While some failures stemmed from offensive concepts or poor execution (like Homeless Tours and Laxative Potato Chips), others highlight the importance of market testing, brand association, and avoiding dangerous product combinations (like Colgate Frozen Meals and Caffeinated Alcohol). Despite the humor in these flops
April 26, 2023
By
The Admiral Staff
In 1993, 8-year-old Abbey Fleck invented “Makin’ Bacon,” a microwave bacon cooker that gained widespread popularity and led to a deal with Walmart, making her a multimillionaire. The story highlights three key business lessons: solve a problem (in this case, healthier bacon cooking), don’t dismiss seemingly silly ideas, and be persistent with marketing, even after facing rejection. Abbey’s family’s aggressive marketing, including a partnership with Armour and media
September 22, 2022
By
The Admiral Staff
The Thiel Foundation, founded by Peter Thiel, offers the Thiel Fellowship, which pays young people aged 14-20 $100,000 over two years to forgo traditional education and pursue self-directed projects aimed at changing the world. Fellows receive mentorship and support while working on innovative ideas, such as developing biotech startups, creating new technologies, or disrupting industries—with some fellows already launching successful companies and employing over 130 people. Acceptance requires a compelling plan and a
