Next time you rue one of the couldashouldawoulda missteps every leader inevitably makes, know that your fumble can’t possibly be worse than these three, recently rated the biggest business goofs of all time by BusinessInsider.com:
- Passing on Google. In the mid-’90s, Google’s founders offered their startup to Excite.com for $750,000. No sale. Excite’s stock shortly tanked, while Google is now valued at $340 billion on $60 billion in annual sales.
- Saying “thanks but no thanks” to the Beatles. In 1961, Decca Records decided against signing up the Fab Four, reasoning that guitar bands were a passing fad.
- Failing to patent the oil drill. Back in 1858, Edwin Drake invented the drive-pipe system on which the entire oil drilling industry has been based ever since. He never registered his revolutionary innovation with the Patent Office.