Create A Good Product - Henry Ford

Henry Ford
Company: Ford Motor Company
Net Worth: $188.1 Billion (2008 equivalent dollars)

“I was born on July 30, 1863, on a farm at Dearborn, Michigan, and my earliest recollection is that, considering the results, there was too much work on the place.” Even as a child, Henry Ford had an eye for innovation. It was this ability to recognize shortcomings and set out to solve them that led Ford to create Ford Motor Co. in 1903, not only revolutionizing the transport industry but also making him one of the richest men in the world.

Ford’s devotion to his business was what propelled him to new heights and made him one of the top three richest men in the world. In what seems like a life that had always been on the path to success, Ford’s creations did not gain recognition until he was in his 40s. How did he do it?

Advice For Entrepreneurs:

“A market is never saturated with a good product, but it is very quickly saturated with a bad one.”