The Faith of Donald Trump a Spiritual Biography Review
Investing in a business to ensure yous have a stable income seems like a wise decision — until information technology isn't. Even celebrities who already have a ton of cash can't be careless about choosing investments if they want to stay rich. From restaurants to wearable lines, the opportunities are plentiful, just it takes careful planning to avoid embarrassing concern disasters.
Depending on your age, yous probably call back these unforgettable celebrity business flops. Call back you tin can judge who lost the about? Let's take a wait!
Britney Spears – Nyla Eatery
When Britney Spears opened Nyla Eating place in 2002, the buzz was real. She was in her prime number years, and information technology seemed logical she would invest in a different type of business. Nyla was located in the Dylan Hotel in Manhattan, New York Urban center.
Her divergence from the business occurred in the same yr subsequently she butted heads with the management, who claimed she was responsible for the eating place's debt and other fiscal issues. Fun fact: The restaurant was supposed to be called "Pinky," which was the nickname Justin Timberlake gave Britney when they were dating.
The Kardashians – Kardashian Kard
The Kardashians are definitely concern moguls, but not all their business concern ventures have been a success. Take the Kardashian Kard, for instance. In 2010, the Kardashians announced a controversial debut of a prepaid debit carte du jour featuring the sisters' faces on the front. The business concern failed a month afterwards its launch when the legality of certain fees raised concerns.
An attorney claimed the high fees were unfair and unethical, particularly for the Kardashians' largely immature adult fanbase. Many reputable websites took note of the "Kardashian Kard ripoff," which prompted the Kardashian family'southward chaser to take firsthand activity and end the business to protect their reputation.
Kanye West – Pastelle Clothing Line
Yeezy has had plenty of fashion debuts during his career, and not all of them have been successful — or inspiring. Before his other manner lines, there was Pastelle, the debut that never saw a debut. In 2006, Kanye planned to release his Pastelle article of clothing line in collaboration with Adidas.
In brusk, a lot of drama happened, and according to reports, the investors didn't desire to invest a sufficient amount of money to get the business concern off the ground. Kanye himself said you need to invest at to the lowest degree $100 one thousand thousand when you're making a new brand, and it clearly didn't happen.
Donald Trump – Trump Shuttle
Number 45 is a known businessman, but not many people know well-nigh his business failures. One of those ballsy failures was a very ambitious airline. Back in 1988, Donald Trump introduced his own branded airline shuttle. The luxury shuttle service was supposed to run between Washington D.C., Boston and New York.
Ruby carpets, gold and other luxury elements cost Trump $ane million per shipping. Three months after the launch, 1 of his planes virtually crashed. The near miss, rising fuel prices and a bank loan of $380 million made Trump decide information technology was fourth dimension to leave his aviation dreams backside and endeavor something else.
Paris Hilton – Dollhouse Drove
Information technology has been proven plenty of times that Paris Hilton knows what she's doing when it comes to business organisation. The Hilton heir has made quite a name for herself, but not every thought resulted in cash in the bank. In 2008, Paris Hilton for Dollhouse was released.
It was a collaboration between Hilton and the popular vesture characterization, and absolutely everyone was buzzing about it. The collection basically had Paris' face up and name on almost every wear. Unfortunately, the celebrity didn't last long, and Paris moved on to other business ventures that garnered more than appeal.
Oprah Winfrey – Own
In 2011, Oprah was the talk of the town when she decided to operate a cable channel attainable to 80 meg homes. The Oprah Winfrey Network (OWN) was an aggressive idea, with more than than $500 million invested in the projection. Unfortunately, her team failed from the first to sympathise what people responded to and how they watched cablevision channels. Low ratings and viewership striking the network hard.
OWN was arguably Oprah'due south biggest failure, just dissimilar other celebrities on our list, Oprah even so hasn't completely given up on her business concern venture. Who knows? Mayhap OWN is finally on rail to pull itself out of some dark days.
Jennifer Lopez – Madre'south Eating place
Celebrities have a thing for restaurants, but not all restaurants have a thing for celebs. Madre's was inspired by J.Lo's mom and grandmother's cooking, and it started its bumpy journey in 2002 in Pasadena, California. In her own words, she described information technology as "a family unit restaurant with a little bit of sexiness to it."
It lasted about six years before mysteriously endmost its doors in 2008. The Latin American restaurant featured some of the culture's well-nigh typical dishes, just J.Lo'south proper name wasn't enough to entice the public. No official reason was ever given for the decision to close it downward, only the supposition is poor performance.
Naomi Campbell & Friends – The Fashion Cafe
In her prime (mid-1990s), Naomi Campbell decided information technology was fourth dimension to enjoy some passive income in the form of business ventures. In 1995, she became the confront of a glamour-themed cafe chain chosen Fashion Café forth with Christy Turlington, Elle Macpherson and Claudia Schiffer.
It had a solid outset and adept buzz, but the novelty eventually faded, and it failed to make the necessary profit to stay open. To top information technology all off, the business partners got involved in a money laundering scandal, making it clear that it was amend for this cafe concatenation to close its doors for practiced.
Steven Spielberg – Dive Restaurant
Steven Spielberg's mind seems to overflow with amazing ideas, but Dive Restaurant wasn't 1 of them. In 1994, he decided to open a nautical-themed restaurant in Beverly Hills. The identify was filled with impressive swoop-themed decor and even featured a simulated diving session feel.
That still wasn't enough to charm the demanding Beverly Hills crowd, and the novelty of it started to vesture off, resulting in dismal merchandise sales, which were a huge selling indicate for the business. In 1999, the eatery officially shut its doors and became a learning lesson for what not to do in the niche of themed restaurants.
Blob Hogan – Pastamania Restaurant
When Hulkmania was at its top, Blob Hogan decided to introduce Minneapolis' Mall of America to the ultimate Hulk eating experience. Who wouldn't want to be strong and tough like Hulk Hogan, right? Although information technology definitely seemed like a solid business investment idea back in 1995, it didn't work out in the end.
The carte du jour wasn't that different from your standard pasta restaurant carte du jour, apart from the fact that it was branded by everyone's favorite wrestling guy. The restaurant shut its doors about a yr later, allowing the Pastamania proper noun to be used by a fast nutrient chain from Singapore.
Donald Trump – Trump Mortgage
The Trump Shuttle wasn't the only Trump concern venture that failed to turn a profit back in the day. With his focus on existent estate, it's not surprising he tried to dip into the mortgage business. The success of this venture was very brusque lived.
Most of the Trump Mortgage failure came down to poor timing, as the 2006 recession struck, and the mortgage lending industry began to crumble with the market crash. Everything was questioned, including the CEO's background. In 2007, Trump Mortgage officially closed downwards subsequently failing to thrive in the struggling market.
Pete Wentz – Angels & Kings
In 2007, Pete Wentz, a pop member of Fall Out Boy, and several other musicians decided information technology was time to open up a nightclub. Wentz claimed he simply wanted a identify for him and his friends to hang out. Later, the gild launched in several other locations, including Chicago.
The hype of the celebrity-owned nightclub died downwards after it was reported that the New York location got caught serving alcohol to minors and had to close downward in 2012. A few years afterwards, they also airtight the Chicago location — and that was the end of the Fall Out Boy nightclub.
Jim McMahon – McMahon's Steakhouse
Ex-Chicago Carry Jim McMahon made a name for himself in the NFL in the '90s and besides thought he could make a name for himself by investing in a restaurant — a steakhouse in Chicago. Unfortunately, McMahon got into concern with some pretty questionable characters whose reputation wasn't pristine among those in the bank loan world.
The eating place was outset called Chicago Stadium, simply the owners of the Chicago Stadium chop-chop sued McMahon and his other business partners. Co-ordinate to reports, the restaurant participated in some shady business practices, and McMahon had to distance himself from information technology.
Eva Longoria – Beso Restaurant and Nightclub
Eva Longoria is no stranger to the culinary scene — remember her office equally a invitee gauge on season iv of MasterChef? In 2008, she backed a Los Angeles restaurant called Beso. The place was a hot spot for quite some time before closing its doors in 2011 amidst a ton of drama.
The business filed for bankruptcy in order to restructure $five.vii million worth of debt, and Longoria has reportedly been involved in several lawsuits. Beso later relaunched under new buying (without Longoria) and with a new name, Viva Hollywood, but that restaurant somewhen closed as well.
Jay-Z – J-Hotels
The globe's start billionaire rapper is no stranger to successful business ventures, but the idea that "the heaven is the limit" definitely doesn't apply here. Jay-Z definitely reached a limit with his investment in J-Hotels. The luxury hotel was supposed to open in Manhattan's Chelsea expanse, but lack of funding and a recession halted the construction.
The recession going on at the time basically fabricated it harder to get the funding needed, and the whole business projection was put on concur in 2008. It looks like it never resumed, probably because Jay-Z became interested in enough of other appealing ventures.
Natalie Portman – Té Casan
Let'due south take a break from restaurants and hotels for a while and go to 2008, which really seemed to be a prime time for celebrity business investments and hotels. Natalie Portman was ahead of her fourth dimension when she collaborated with Té Casan to create a vegan shoe line.
Equally a long-term vegan, she felt the need to invest in something she believes in, and she felt a shoe line was definitely the mode to become. Unfortunately, the high price of the shoes didn't exactly appeal to consumers — not even diehard vegans — and the shoe line's website disappeared past the stop of 2008.
Jermaine Dupri – Café Dupri
Jermaine Dupri rose to popularity in the '90s. From forming the iconic Kris Kross to producing music for all your favorite celebrities, Dupri was definitely at the acme of his game. In 2005, he decided to attempt other business ventures and invested in a large café in Atlanta that seated 105 guests.
The carte consisted of loftier-quality dishes that were as well considered healthy. Although it seemed like a decent idea and the cafe had big expansion dreams, the success didn't last. Three years later, Cafe Dupri had to shut its doors afterward struggling to make plenty profit.
Beyonce – House of Deréon
That's correct — Queen B has experienced many failures along with her success. Sounding like a firm out of Game of Thrones, Firm of Deréon was a way line Beyonce collaborated with her mother, Tina Knowles, to create in 2006. The name paid tribute to Beyonce's maternal grandmother.
The fashion mixed the influences of hip hop with high style, and although it seemed like information technology was taking off at first, information technology was ultimately criticized for its high prices. In 2008, the line also came under burn for its advert with little girls wearing full makeup and high heels. The star discontinued the line in 2012 without formal discover.
Lily Allen – Lucy in Disguise
Lily Allen also tried to dabble in the fashion world. The eccentric singer is known for her fashion sense, so information technology seemed merely off-white to run across if the balance of the world (or at least London) would catch on to her look. She opened Lucy in Disguise, a vintage habiliment store, with her sister in 2010.
The store's location was ane of the reasons for its failure — London'due south Covent Garden. High real manor prices forced the company to move to a somewhat cheaper property in Soho, but it wasn't enough to save the business organization, and it ceased operations in 2012.
Neil Immature – PonoPlayer
PonoPlayer was a adequately modern business venture launched by Neil Young in 2014. Information technology was actually successfully crowdfunded via the popular platform Kickstarter, where it raised $6.2 million. The device was advertised equally a modern-mean solar day iPod with hello-resolution music service, but it was criticized for its poor pattern and loftier toll tag ($400).
Three years later on, Neil Immature ceased operations and closed the PonoMusic store, which sold downloadable music. The reason? Tape companies were charging too much for how-do-you-do-res music formats, and the concern couldn't brand a profit, despite the steep price of PonoPlayer and its initial funds.
Sylvester Stallone, Arnold Schwarzenegger & Bruce Willis – Planet Hollywood
Planet Hollywood was a '90s awareness and boasted more than 100 locations. Stallone, Schwarzenegger and Willis were its investors and the faces promoting the brand. The initial hype of eating amidst popular movie props attracted endorsements from some of the biggest Hollywood names, but information technology wasn't all sunshine and rainbows.
The business filed for defalcation twice and reduced its number of restaurants to less than a dozen to ensure information technology could financially sustain itself and make a profit. This prompted investors similar Arnold Schwarzenegger to move on and cut ties with the business. Planet Hollywood is still around only with much less hype and fewer restaurants.
Kevin Costner – The Clubhouse
Themed restaurants were extremely popular investments for celebrities, and Kevin Costner was in on the idea likewise. In 1997, he dabbled in the food manufacture in an endeavour to make more than money, of course. The theme of The Clubhouse was golf, and dissimilar many other celebrity restaurants, it managed to last a surprisingly long time.
Based in Costa Mesa, California, it featured the sectional look and style of a golf clubhouse that was open to the public. Ironically, information technology opened right across from Planet Hollywood, which was endmost at the time. The business concern began to fail in 2007.
Curt Schilling – 38 Studios
A unique business venture for its fourth dimension, 38 Studios was the brainchild of Short Schilling, who had a dissimilar vision than nigh sports celebrities. The former Cherry Sox pitcher wanted to try something new, then he launched a video game business in 2006. Unfortunately, game development takes years, and that was hard to sell to investors.
The company released an action function-playing game called Kingdoms of Amalur: Reckoning. Unfortunately for Schilling, the gaming company declared bankruptcy in 2012 subsequently only releasing a single game. Despite the business concern' failure, the game was pretty well received past the gaming community.
Pharrell Williams – Qream Liqueur
Pharrell Williams ever had big visions and a expert ear for music, but in 2011, the popular producer ventured into the world of liqueur with much less impressive results. He worked with Diageo to launch Qream strawberry and peach liqueurs, specifically marketed to women.
Williams blamed Diageo for insufficient marketing efforts to launch the liqueur, and he sued the company in 2013 after it appeared to carelessness the deal before the contract was over. The drinkable wasn't marketed finer, and the Qream dream died with minimal fanfare.
Flavor Flav – Flavor Flav'south Craven & Ribs
Who doesn't know Flavor Flav? In 2011, the popular rapper decided to combine his love of fast food with business concern by opening a restaurant in Clinton, Iowa. Although it sounds yummy, the business really didn't concluding that long. In fact, it's ane of the shortest examples of business failure on the list — three months.
The restaurant closed its doors due to a fallout between Flavour Flav and his business organization partner, Nick Cimino. The two clashed over operations and money management, leading Flav to determine that fast food really wasn't for him after all — at least when it came to running a business.
l Cent – Magic Stick Condom
Magic Stick was 50 Cent's effort at a unique business venture — in condoms. Yes, you read that right. In 2008, the rapper created a line of condoms, but he apparently failed to understand the reason behind condoms in the showtime place. His company's condoms were laced with chemicals designed to increase the wearer'due south sexual performance.
The rapper was asked virtually his failed concern venture, and he said, "It just didn't work out because I wanted things in it that wouldn't work." P.S.: "Processed Shop" lyrics were written way before the Magic Stick line was launched.
Blake Lively – Preserve
Blake Lively is known for the awesome sense of humor she shares with her even more crawly husband. In 2014, she decided to launch a lifestyle website. The timing was perfect, every bit celebrity lifestyle websites were at their peak, only Lively wasn't a big plenty lifestyle figure to concenter much interest.
Celebrity product endorsements are often also expensive for the full general public and can as well feel fake, which raises concerns when it comes to trust. The website was abased about a year later, and her lifestyle venture was never mentioned again. That's okay, she's still owning the Instagram game.
Heidi Montag – Heidiwood
Welcome to Heidiwood, a fashion line that failed to connect with its customers and make sufficient profit. Information technology belonged to Heidi Montag, a pop reality television grapheme who wanted to be known for more than just her dramatic Idiot box roles. She launched Heidiwood in 2007 in collaboration with Ballast Blue Retail.
Although the line looked promising, customers didn't actually care for the overpriced items, and her contract wasn't renewed the following yr. She returned to reality Tv set and is still a prominent figure in the celebrity gossip world, so she bounced back financially from the failed venture.
Nicky Hilton – Nicky O Hotels
Paris Hilton wasn't the only Hilton making money moves. Back in the day, her sis Nicky Hilton wanted to stay true to her family legacy and open a hotel chain of her ain. Nicky O Hotels was a premier luxury hotel brand, set to launch in Miami and after Chicago.
Hilton planned to work with Roberto Cavalli to design a luxurious penthouse suite for the Miami location. Her appetite was to combine the earth of entertainment with luxury and blueprint. However, the projection failed to see the light of day after a lawsuit against Hilton highlighted an alleged breach of contract.
Jennifer Lopez – Sweetface
Making the list again, J.Lo's high-end Sweetface wearable line was yet some other failure in the celebrity fashion globe. Attempting to combine urban streetwear with modern fashion, the line failed to deliver anything unique that couldn't exist found for a cheaper price in a store downwards the street — according to shoppers' feedback.
Customers complained almost high prices also as the quality of the wearing apparel. Negative feedback and poor sales forced Kohl's to completely cease the line's product in 2009. Fun fact: Sweetface was J.Lo'south nickname, given to her past her erstwhile manager.
Source: https://www.consumersearch.com/technology/celebrity-business-disasters-donald-trump?utm_content=params%3Ao%3D740007%26ad%3DdirN%26qo%3DserpIndex
0 Response to "The Faith of Donald Trump a Spiritual Biography Review"
Post a Comment