hi I’m Evan Carmichael and welcome to another edition of my Linda masters I
another edition of my Linda masters I
another edition of my Linda masters I believe that the fastest and most
believe that the fastest and most
believe that the fastest and most effective way to grow a business is to
effective way to grow a business is to
effective way to grow a business is to model the strategies of people who have
model the strategies of people who have
model the strategies of people who have already accomplished what you’re trying
already accomplished what you’re trying
already accomplished what you’re trying to do so today we’re going to look at a
to do so today we’re going to look at a
to do so today we’re going to look at a young entrepreneur who was told wouldn’t
young entrepreneur who was told wouldn’t
young entrepreneur who was told wouldn’t last more than six months in business
last more than six months in business
last more than six months in business and went on to become one of the
and went on to become one of the
and went on to become one of the wealthiest people in the world this is a
wealthiest people in the world this is a
wealthiest people in the world this is a story of Henry Ford and the top three
story of Henry Ford and the top three
story of Henry Ford and the top three lessons and you can learn from his
lessons and you can learn from his
lessons and you can learn from his success Henry Ford was an American icon
success Henry Ford was an American icon
success Henry Ford was an American icon and founder of the Ford Motor Company he
and founder of the Ford Motor Company he
and founder of the Ford Motor Company he was the son of Irish immigrants and from
was the son of Irish immigrants and from
was the son of Irish immigrants and from an early age children interest in
an early age children interest in
an early age children interest in engineering he set out to learn as much
engineering he set out to learn as much
engineering he set out to learn as much as he could and took various
as he could and took various
as he could and took various apprenticeships and jobs of
apprenticeships and jobs of
apprenticeships and jobs of manufacturing companies when he was 36
manufacturing companies when he was 36
manufacturing companies when he was 36 years old he invented the quadricycle in
years old he invented the quadricycle in
years old he invented the quadricycle in his spare time it was two bicycles
his spare time it was two bicycles
his spare time it was two bicycles attached together powered by a gasoline
attached together powered by a gasoline
attached together powered by a gasoline engine it was a very primitive car after
engine it was a very primitive car after
engine it was a very primitive car after refining the vehicle he went to see
refining the vehicle he went to see
refining the vehicle he went to see William H Murphy a lumber tycoon and
William H Murphy a lumber tycoon and
William H Murphy a lumber tycoon and investor in Detroit who took it for a
investor in Detroit who took it for a
investor in Detroit who took it for a test drive
test drive
test drive Murphy agreed with for the
Murphy agreed with for the
Murphy agreed with for the gasoline-powered vehicles would be
gasoline-powered vehicles would be
gasoline-powered vehicles would be fueling the future and it to instantly
fueling the future and it to instantly
fueling the future and it to instantly formed the partnership Henry Ford was in
formed the partnership Henry Ford was in
formed the partnership Henry Ford was in business Ford not only revolutionized
business Ford not only revolutionized
business Ford not only revolutionized the manufacturing industry with assembly
the manufacturing industry with assembly
the manufacturing industry with assembly line mass production he also became
line mass production he also became
line mass production he also became where the richest and most well known
where the richest and most well known
where the richest and most well known people in the world according to Forbes
people in the world according to Forbes
people in the world according to Forbes his net worth in today’s dollars would
his net worth in today’s dollars would
his net worth in today’s dollars would be 188 point 1 billion dollars over
be 188 point 1 billion dollars over
be 188 point 1 billion dollars over three times richer than Bill Gates
by following his interest and by taking
by following his interest and by taking steps every day to move his business
steps every day to move his business
steps every day to move his business forward ford was able to build a
forward ford was able to build a
forward ford was able to build a powerhouse company and become one of the
powerhouse company and become one of the
powerhouse company and become one of the richest people in the world to help you
richest people in the world to help you
richest people in the world to help you power up your business here are three
power up your business here are three
power up your business here are three action items you can learn from Henry
action items you can learn from Henry
action items you can learn from Henry Ford action item number one don’t quit
Ford action item number one don’t quit
Ford action item number one don’t quit I’ve profiled hundreds of famous
I’ve profiled hundreds of famous
I’ve profiled hundreds of famous entrepreneurs and one characteristic
entrepreneurs and one characteristic
entrepreneurs and one characteristic that they all have in common is that
that they all have in common is that
that they all have in common is that they don’t quit whatever your business
they don’t quit whatever your business
they don’t quit whatever your business is make sure you follow your passion and
is make sure you follow your passion and
is make sure you follow your passion and never give up on your dreams take small
never give up on your dreams take small
never give up on your dreams take small steps every day to build your business
steps every day to build your business
steps every day to build your business and over time those little steps will
and over time those little steps will
and over time those little steps will transform into giant leaps forward when
transform into giant leaps forward when
transform into giant leaps forward when Ford first told the world that he wanted
Ford first told the world that he wanted
Ford first told the world that he wanted to create a quality car that could be
to create a quality car that could be
to create a quality car that could be mass-produced and affordable he wasn’t
mass-produced and affordable he wasn’t
mass-produced and affordable he wasn’t taken seriously common thoughts were if
taken seriously common thoughts were if
taken seriously common thoughts were if Ford does that he’ll be out of business
Ford does that he’ll be out of business
Ford does that he’ll be out of business in six months and the question that
in six months and the question that
in six months and the question that started to be asked was how soon will
started to be asked was how soon will
started to be asked was how soon will Ford blow up but Ford didn’t quit he
Ford blow up but Ford didn’t quit he
Ford blow up but Ford didn’t quit he kept trying until he finally invented
kept trying until he finally invented
kept trying until he finally invented the Model T which went on to sell over
the Model T which went on to sell over
the Model T which went on to sell over 15 million units a record that stood for
15 million units a record that stood for
15 million units a record that stood for the next forty five years according to
the next forty five years according to
the next forty five years according to Ford
Ford
Ford failure is only the opportunity to more
failure is only the opportunity to more
failure is only the opportunity to more intelligently begin again one who fears
intelligently begin again one who fears
intelligently begin again one who fears the future who fears failure limits his
the future who fears failure limits his
the future who fears failure limits his activities obstacles are those frightful
activities obstacles are those frightful
activities obstacles are those frightful things you see when you take your eyes
things you see when you take your eyes
things you see when you take your eyes off your goal there’s no man living that
off your goal there’s no man living that
off your goal there’s no man living that cannot do more than he thinks he can
cannot do more than he thinks he can
cannot do more than he thinks he can whether you think that you can or that
whether you think that you can or that
whether you think that you can or that you can’t you’re usually right when
you can’t you’re usually right when
you can’t you’re usually right when everything seems to be going against you
everything seems to be going against you
everything seems to be going against you remember that the airplane takes off
remember that the airplane takes off
remember that the airplane takes off against the wind not with it action item
against the wind not with it action item
against the wind not with it action item number two focus on quality as
number two focus on quality as
number two focus on quality as entrepreneurs we should be proud of what
entrepreneurs we should be proud of what
entrepreneurs we should be proud of what we create it’s your business reputation
we create it’s your business reputation
we create it’s your business reputation and you should do everything you can to
and you should do everything you can to
and you should do everything you can to create the best quality product or
create the best quality product or
create the best quality product or service possible it’ll not only bring in
service possible it’ll not only bring in
service possible it’ll not only bring in more customers to your door it’ll also
more customers to your door it’ll also
more customers to your door it’ll also give you the feeling that what you’re
give you the feeling that what you’re
give you the feeling that what you’re doing is right and has helped me make
doing is right and has helped me make
doing is right and has helped me make people’s lives better believe in what
people’s lives better believe in what
people’s lives better believe in what you’re doing and make it as good as you
you’re doing and make it as good as you
you’re doing and make it as good as you can Ford put his name on the company and
can Ford put his name on the company and
can Ford put his name on the company and he wanted to make sure that it stood for
he wanted to make sure that it stood for
he wanted to make sure that it stood for quality he felt that if one of his cars
quality he felt that if one of his cars
quality he felt that if one of his cars broke down
broke down
broke down customer that he was personally to blame
customer that he was personally to blame
customer that he was personally to blame he also didn’t believe in rushing into a
he also didn’t believe in rushing into a
he also didn’t believe in rushing into a new business until he had a hundred
new business until he had a hundred
new business until he had a hundred percent confidence in the quality of the
percent confidence in the quality of the
percent confidence in the quality of the product that would be created he felt
product that would be created he felt
product that would be created he felt that this was one of the major reasons
that this was one of the major reasons
that this was one of the major reasons why many businesses fail according to
why many businesses fail according to
why many businesses fail according to Ford I do not believe in starting to
Ford I do not believe in starting to
Ford I do not believe in starting to make until I have discovered the best
make until I have discovered the best
make until I have discovered the best possible thing this of course doesn’t
possible thing this of course doesn’t
possible thing this of course doesn’t mean that a product should never be
mean that a product should never be
mean that a product should never be changed but I think that it will be
changed but I think that it will be
changed but I think that it will be found more economical in the end not
found more economical in the end not
found more economical in the end not even to try to produce an article until
even to try to produce an article until
even to try to produce an article until you have fully satisfied yourself that
you have fully satisfied yourself that
you have fully satisfied yourself that utility design and material are the best
utility design and material are the best
utility design and material are the best quality means doing it right when no one
quality means doing it right when no one
quality means doing it right when no one is looking action item number three
is looking action item number three
is looking action item number three build a team you can’t build anything
build a team you can’t build anything
build a team you can’t build anything substantial on your own and at some
substantial on your own and at some
substantial on your own and at some point you’ll need to build a team around
point you’ll need to build a team around
point you’ll need to build a team around you make sure that you treat them like
you make sure that you treat them like
you make sure that you treat them like your family and give them a reason to
your family and give them a reason to
your family and give them a reason to want to come to work and get excited
want to come to work and get excited
want to come to work and get excited about what they’re doing think about the
about what they’re doing think about the
about what they’re doing think about the worst boss you ever had and don’t do any
worst boss you ever had and don’t do any
worst boss you ever had and don’t do any of the things that he or she did to you
of the things that he or she did to you
of the things that he or she did to you in hiring new employees Ford ignored all
in hiring new employees Ford ignored all
in hiring new employees Ford ignored all of the person’s history and prior work
of the person’s history and prior work
of the person’s history and prior work experience instead he looked for a
experience instead he looked for a
experience instead he looked for a willingness to work and believe that
willingness to work and believe that
willingness to work and believe that every person no matter what his or her
every person no matter what his or her
every person no matter what his or her past had good in them and only needed to
past had good in them and only needed to
past had good in them and only needed to be given a chance to succeed it was this
be given a chance to succeed it was this
be given a chance to succeed it was this faith in his workers abilities and
faith in his workers abilities and
faith in his workers abilities and inspired many of them to do their best
inspired many of them to do their best
inspired many of them to do their best for Ford he also got rid of formal
for Ford he also got rid of formal
for Ford he also got rid of formal titles in the company every one was
titles in the company every one was
titles in the company every one was considered at an equal level and each
considered at an equal level and each
considered at an equal level and each had important individual
had important individual
had important individual responsibilities according to Ford it
responsibilities according to Ford it
responsibilities according to Ford it doesn’t matter to me if a man is from
doesn’t matter to me if a man is from
doesn’t matter to me if a man is from Harvard or singsing we hire the man not
Harvard or singsing we hire the man not
Harvard or singsing we hire the man not as history I don’t believe in titles
as history I don’t believe in titles
as history I don’t believe in titles they make people think they are superior
they make people think they are superior
they make people think they are superior coming together is a beginning keeping
coming together is a beginning keeping
coming together is a beginning keeping together is a progress working together
together is a progress working together
together is a progress working together is success if everyone is moving forward
is success if everyone is moving forward
is success if everyone is moving forward together then success takes care of
together then success takes care of
together then success takes care of itself
itself
itself so remember don’t quit focus on quality
so remember don’t quit focus on quality
so remember don’t quit focus on quality and build a team to finish up this video
and build a team to finish up this video
and build a team to finish up this video I wanted to share one of my favorite
I wanted to share one of my favorite
I wanted to share one of my favorite true stories about Henry Ford and some
true stories about Henry Ford and some
true stories about Henry Ford and some of his best quotes when Henry Ford
of his best quotes when Henry Ford
of his best quotes when Henry Ford implemented his assembly line idea he
implemented his assembly line idea he
implemented his assembly line idea he found that workers were quickly getting
found that workers were quickly getting
found that workers were quickly getting burnt out doing the same thing over and
burnt out doing the same thing over and
burnt out doing the same thing over and over again to attract the best people
over again to attract the best people
over again to attract the best people ford recommended to his stockholders
ford recommended to his stockholders
ford recommended to his stockholders that they’d pay the workers five dollars
that they’d pay the workers five dollars
that they’d pay the workers five dollars a day twice a daily average wage his
a day twice a daily average wage his
a day twice a daily average wage his stockholder said no so Ford bought them
stockholder said no so Ford bought them
stockholder said no so Ford bought them out implemented his five dolla day
out implemented his five dolla day
out implemented his five dolla day salary and quickly had people lining up
salary and quickly had people lining up
salary and quickly had people lining up to work for him
thank you for joining me for another
thank you for joining me for another edition of all in the masters if you
edition of all in the masters if you
edition of all in the masters if you like this video and want to see more
like this video and want to see more
like this video and want to see more please give it a thumbs up below I’d
please give it a thumbs up below I’d
please give it a thumbs up below I’d also love to hear your thoughts and
also love to hear your thoughts and
also love to hear your thoughts and feedback if you want to leave a comment
feedback if you want to leave a comment
feedback if you want to leave a comment under the video and stay tuned for the
under the video and stay tuned for the
under the video and stay tuned for the next episode
”
Be First to Comment