Today, Henry Ford is an inspiration for billions of prospective Entrepreneurs. Most of us see him as the founder of Ford Motors – The Automobile Company with valuation of $200 Billion! But what about the journey that took him to this destination? Did you ever think about that?
Probably you did not as it is human nature to see just the destination a person reaches. We all judge a man by his success or failure not by the work that he has put in for such success (or failure! – Failure too is not free; it demands a lot of exercise as in return it gives you experience). So, by this small virtual journey of Henry Ford, We want to let you know the hard path that Ford crossed before it turned to smooth success highway.Failure too is not free; it demands a lot of exercise as in return it gives you experienceClick To Tweet
Henry Ford was an American Businessman who invented 1st automobile that a middle-class man could afford. After founding the Ford Motor Company, he shortly became one of the richest & well known people in the world.
Born in the family of farmers, Ford had an aversion for farm work and once wrote “I never had any particular love for the farm—it was the mother on the farm I loved”I never had any particular love for the farm—it was the mother on the farm I loved - Henry FordClick To Tweet
Ford had a passion for engineering from his childhood. At the age of 15, Ford used to de-assemble and re-assemble watches of his friends and neighbors & became to be known as watch repairman. Just at the age of 16, Ford left home to pursue his interest in mechanical engineering. With his immense passion for engineering, Ford was hired by “Westinghouse” to service their steam engines & later became an engineer with “Edison Illuminating Company” – a company established by Thomas Edition to construct electricity generation stations. At the age of 30, he was promoted to Chief Engineer.
By then, Ford starting doing experiments on engines. All his experiments connected in 1896 when he successfully innovated a self-propelled 2-seat vehicle dubbed as “Ford Quadricycle”. On testing his first invention, Ford felt the need for some improvements & designed an improved version within 2 years in 1898.
Very excited with his innovation, Ford resigned from the Edition’s company and built his own company by the name of “Detroit Automobile Company” in 1899 and the first company of this great industrialist was born.
Now it was the turn for fruits out of hard work put in by Ford in his new innovation coupled with resignation from his great and sophisticated job.
What are you expecting? At least a million dollar company as such a lot of hard work and sacrifice deserves even more than that! But the result was just opposite and Ford’s first company resulted in total failure. The reason was that the vehicles produced was of a lower quality and were priced at a comparatively high price. Therefore the company was dissolved within 2 years of its formation. So, that was first failure that Ford faced before Ford Motors became a Global Success!
Defying the failure of his first company Ford built another automobile in 1901 and formed the “Henry Ford Company” before the end of 1901. Later on, due to some disputes, Ford left the company formed after his name and the “Henry Ford Company” was renamed as “Cadillac Automobile Company”. This way, his second innovation was also failed to knock the doors of success.
Despite being failed for the second time, Ford neither lose hope nor his passion for engineering diminished. Ford came up with his next innovation featuring an 80+ horsepower racer vehicle and to start a business with this, Ford formed a partnership with an old companion – “Ford & Malcomson, Ltd.”. The main goal was to design inexpensive vehicles for middle class persons. But the sale was not as expected that resulted in crisis ending partnership in a nightmare. Third innovation too brought a failure 🙁
This is what Ford faced before he finally formed a company that today is one of the biggest and reputed Automobile Company – “Ford Motor Company” that marked the era of success in the career of Ford.
In 1903, being set back 3 times by the destiny, Ford launched another company “Ford Motor Company” with a set of investors who trusted him based on his new innovation – a newly designed car with speed of 147 kilometer an hour (Great! Isn’t it?).
With that new innovation of Ford, Ford Motors hit the sale of its cars to sky level and that made Ford Motors a global brand in automobiles. So, Today, we don’t need to tell anybody what Ford is (yah, anomalies might be there :).
We hope that by this journey of Ford, you all are clear that Success and Failures are just two sides of a coin, they can’t be separated and you have to cross failures to achieve true success as Failures in Life are nothing but Incredible way to success!Failures in Life are nothing but Incredible way to success!Click To Tweet