If at first you don’t succeed… declare bankruptcy and try again. Before he made a name in the automotive industry, Henry Ford made some business missteps and had to file for bankruptcy. Twice.
The first time Ford had to file was with his Detroit Automobile Company which was backed by three prominent politicians (who Ford blamed for the financial default and became obsessed with getting rid of).
His second attempt, the Henry Ford Company, met with the same bankruptcy fate. While he had managed to distance himself from the bother of his investors – having complete say was the downfall. Ford’s perfectionism resulted in too few cars being produced.
Third time proved to be the charm though. Henry Ford founded Ford Motor Company a few years later and the rest is history.
Darsan54 Premium Member almost 11 years ago
Sometimes it isn’t achieving the goal that’s important, but the attempt which elevates the spirit and the soul.
Comic Minister Premium Member almost 11 years ago
Oh boy.
Daniel Quilp almost 11 years ago
If at first you don’t succeed… declare bankruptcy and try again. Before he made a name in the automotive industry, Henry Ford made some business missteps and had to file for bankruptcy. Twice.
The first time Ford had to file was with his Detroit Automobile Company which was backed by three prominent politicians (who Ford blamed for the financial default and became obsessed with getting rid of).
His second attempt, the Henry Ford Company, met with the same bankruptcy fate. While he had managed to distance himself from the bother of his investors – having complete say was the downfall. Ford’s perfectionism resulted in too few cars being produced.
Third time proved to be the charm though. Henry Ford founded Ford Motor Company a few years later and the rest is history.
http://stuartlichtman.com/how-many-times-did-henry-ford-go-bankrupt-before-making-it-big/
dzw3030 almost 11 years ago
I’ll leave obvious, specific, comparisons to our current political impasse to someone else. Enjoy the Day…
KZ71 over 10 years ago
That worked.