Henry Ford
" Failure is simply the opportunity to begin again, this time more intelligently"(Henry Ford)
Many people know Henry Ford for the Ford Motor Company, one of the
most successful automotive companies of all time. However, what they
don’t know is that Ford failed two times before that abruptly resulted
in bankruptcies, prior to successfully launching the present incarnation
of his company.Ford is no stranger to failure, but he also didn’t give up. Yet, when we think about Ford, we don’t picture the failures because all it took was just succeeding one time. However, in 1899, at the age of 36 years old, Ford formed his first company, the Detroit Automobile Company with backing from the famed lumber baron, William H. Murphy. That company went bankrupt.
His second attempt was in 1901, when he formed the Henry Ford Company, which he ended up leaving with the rights to his name. That company was later renamed to the Cadillac Automobile Company. However, it was Ford’s third try, with the Ford Motor Company, that hit the proverbial nail on the head.
After that, we all know the story. Ford revolutionized the automobile industry, pioneering not only the Model T and the assembly line, but also the concept and notion of an automobile in every home. Driving became a “thing,” and subsequently, Ford’s Model T went on to sell over 17 million units.
Also Read:
- Hardwork Finally Payoff-Part I
- Hardwork Finally Payoff-Part III
- Hardwork Finally Payoff-Part IV
- Hardwork Finally Payoff-Part V
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