What made Henry Ford so successful?

in #businesslast year

Henry Ford wasn’t a genius engineer... He was a genius entrepreneur.Mr. Ford didn’t find success until he managed to master the MOST important skill every entrepreneur must understand to succeed.Here are some historical facts:--> Mr. Ford had only a few years of formal schooling and never attended college.--> Before founding the Ford Motor Company, his first venture, the Detroit Automobile Company, went bankrupt in less than two years.Henry Ford found success AFTER he understood the importance of surrounding himself with talented people.--> Initially, Ford's interest was in steam engines, but after meeting the legendary Thomas Edison at a convention in 1886, Edison inspired and motivated Ford to work on the gasoline-powered automobile.--> Edison's support and influence played a significant role in motivating Ford to develop gasoline-powered vehicles, eventually leading to the Ford Motor Company in 1903 and the introduction of the iconic Model T in 1908.
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