Henry Ford Biography and Success Story
Hello, this is your friend, Bkc Biographer Friends, who was the world's motivational industrialist that had a car manufacturing company? And whose quotes are still popular. Who was that industrialist in the world whom Adolf Hitler praised himself on public stage? I'm talking about Henry Ford.
First Buisness Principle Of Henry Ford : Human Capital
Henry Ford used to believed in the 'Human Capital'. He believed achieving success becomes easier if we have talented team. He attracted talent by started giving Salary of 5 Dollar at that time. If compared with current times it is nearly 130 Dollar per day. During those times, the market was giving 2-3 Dollars. And, Henry Ford shocked the entire market. He believed the world's best talented team should work in Ford.
Second Buisness Principle : Avaibility Of Invention To All At Fair Price
He believed that buying in less and selling out more is not business. He believed that buying should be on fair price. Buy goods on fair price and do some value addition and make it available for the world. He believed that if you're making revolutionary product Then, it should reach all over the world.Henry Ford used to believe that a person should not free these two things.
Henry Ford's Belief Of Failure
Because every time you fail you are actually growing. That way you don't repeat those mistakes. So, you should not have fear of failure.
Henry Ford's Belief Of "Fear Not Future"
Because the ones who fear the future, limit themselves.
That's why, sometimes, people say, 'What will happen in the future?' Don't fear the future. Fear of unknown is the one of the world's most common fear. That's why Henry Ford had said, If you want success then defeat these two fears. Fear of failure and fear of future.
Henry Ford's Biggest Principle : Put Service Before Profit
Henry Ford's biggest principle. He used to say, 'Always Put service before profit.' He used to say that earning profit is not a bad thing. Profit is the core of any business. But, the core of business is also in doing service. The core of business is also to serve the needs of people. The core of business is also to look after the world. The core of business is also to care about the environment.
He used to say that if you're doing service with honesty. If you're protecting the environment. If you're worried about your people. If you're giving value addition. Then, no force can stop you from earning profit. Profit will come as by-product. That's why I want to advice every business owner through this case study of Henry Ford. Business should not be commenced only for profit. The main objective of business should not only be earning profit. The motive of business should also be integrity.
Henry Ford Background
Henry Ford was born on 1863 in Dearborn, Michigan. Right from childhood Henry Ford loved scrap and he enjoyed playing with machines and fittings. In 1891, Henry Ford was posted as Engineer in Edison Illuminating Company and after some years ,he was promoted to Chief Engineer
Henry Ford's Quadri Cycle
In 1896, he made his first horse-less carriage T
that means a vehicle not running by horse and he named it quadri cycle but he didn't stopped his planning with his dream of quadri cycle. After this in order to develop his next vehicle he sold quadri cycle and started working on next project.
Henry Ford Inspiration
Every great person in the world also get inspired by somebody.Henry Ford was inspired by Edison.Henry Ford met Edison and Edison said, 'You're doing very well, Henry. Keep it up' and after hearing this Henry Ford was filled with new energy.
Henry Ford's Failure In Detroit Company
After this, in 1899, Henry Ford established Detroit Automobile Company But pity, in 1901, it also failed. Today, I want to say this to you.Don't care about your multiple failures. Look at Walt Disney,Abraham Lincoln, Henry Ford You'll be happy because you'll think yourself in the same league as them due to failures various projects of these people had been a failure.Henry Ford didn't lose hope despite failures.
Henry Ford Established Ford Company
Once again, in 1903, he Established Ford Company with 28000 US Dollars. Unfortunately, all great people have to face huge challenges. He
did not had license after this and the whole automobile business People came for him. They came for him and closed his business. Henry Ford sought help from court and there too he lost. But he failed appeal after appeal. He didn't lose hope. He didn't lose hope of multiple ventures And, finally he won in court.
Ford Decide To Run Company
And he decided to continue running the Ford Motor Co. Ford motor co. made their first car called Model A.He made that in 1903 and in 1904, not 1,2,5,10,50,100 but 500 cars were running on road and, after this, Ford made world's most revolutionary car .
Ford's Revolutionary Car
In 1908, Model T brought a revolution. A stir in the world of car. And, at that time, it became the world's best selling car. Here, I want to tell you something that will shock you. The starting price of the car was 950 Dollar. In 1908, the price of 950 Dollar And, in 1927, he keep reducing the price and brought it down to 290 Dollars Just think of the range of price because he used to believe that car must reach to common man. This should not be only a decorative items for the rich and privileged. Everyone in the world can enjoy cars That's why he decided to bring our cars in the lowest prices Friends, such people are often a little crazy.I sometimes feel that to be successful it is necessary to have a little madness and passion.
Henry Ford's Town Fordland
He built a whole town in the middle of Amazon. He build a new town with his name Fordland. He built it to get the supply of rubber but the greater ones are tested more often. And, Henry Ford failed here but, losing hope was not in his DNA.
That's why, if you're also constantly failing and want to become like Ford or follow in his path then don't lose hope.Something good will surely happen to you.
Henry Ford's Assembly Line
Friends,
Henry Ford built the world's first moving assembly line. That is pioneer to maximum industries. the parts keep on adding one after another and the assembly line keeps on moving The credit for its construction goes to its father- Henry Ford.
Situation Before Assembly Line
Let me tell you a surprising fact before moving assembly line was build, it used to take 12 hours to manufacture a car And, as soon as, Henry Ford invented moving assembly line the manufacturing time of one car reduced from 12 hours to nearly 30 minutes So, if say that the present manufacturing of millions of car and the biggest speed and production capacity behind it is because of Henry Ford's moving assembly line.Then, there shouldn't be any surprise. He made the moving assembly line for two reasons.
Henry Ford As A Great Personality And His Death
Everyone has to go one day even if they are great personalities. But revolutionary people leave an impression in the hearts of people with their works. They become immortal in history. The body goes away but the soul remains immortal. Thousands of Ford cars arrived in India by 1947 and the year India got independence,in 1947, Henry Ford passed away.
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Thank you.
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