Learning from failure

What do you learn from failure?

The above quote is from Henry Ford, founder of the Ford Motor Company. One of the remarkable things about Henry Ford is the number of times he failed in business. However, by learning from his failures he went on to develop what is still one of the largest motor company’s in the world.

Who was Henry Ford?

Henry Ford was born on a farm near Michigan, USA in 1863. The son of a farmer, he was expected to take over the family farm. Ford did not enjoy farm work and aged 16 left the farm to work as an apprentice machinist. In 1902, Ford went to work designing an inexpensive automobile and leased a factory with a machine shop. Sales were slow and the company hit problems. However, Ford kept trying and in 1908, Ford introduced the Model T and went on to accumulate a vast fortune.

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