Henry Ford: A Successful Entrepreneur

This report provides information about the life and success of Henry Ford, the founder of Ford Motor Company. It explores the factors that motivated him to become a successful entrepreneur and discusses the key qualities that contributed to his success. The report also delves into the concepts of talent, temperament, technique, and the facets of focus, advantage, creativity, ego, team, and social. It includes insights from Henry Ford's quotes and offers valuable lessons for aspiring entrepreneurs.

Henry Ford

Table of Contents
INTRODUCTION...........................................................................................................................3
Background life of Henry Ford....................................................................................................3
Factors that motivated Henry Ford to become successful entrepreneur......................................3
3 T's ( Talent, temperament, technique)......................................................................................5
FACETS (focus, advantage, creativity, ego, team, social)..........................................................6
Conclusion.......................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
Successful entrepreneurs are those which have performed well in their lives and have
enabled themselves to use skills and abilities effectively in business. The following report
includes the information about a successful entrepreneur naming Henry Ford.
Background life of Henry Ford
Henry Ford was born in 1863 and he was the son of Mary and William ford. He worked as a
machinist in Detroit. he was an American industrialist and businessman magnate (Anwar, and
Daniel, 2016). He was the founder of Ford motor company and developer of assembly line
technique of mass production. Henry was known for introducing model T which has brought
revolution in transportation industry of America. He used to operate and service steam engines
and it work occasional stints
in Detroit factories. After few years, Henry went back to his family and started working on
family farm. In the year 1891, Henry Ford was hired as an engineer for Edison illuminating
company. He worked well in the company and he got promoted as chief engineer within 2 years.
Ford put his efforts for building a gasoline powered horseless carriage (de Sá, Farhangmehr, and
Pinho, 2016). He developed quadricycle that includes a light metal frame which is fitted with 4
bicycle wheels. Ford sold this cycle for developing and building more vehicles. There were
several investors who came over to talk about investing in ideas which are made by Henry. After
7 years, Henry developed his own company named as Detroit automobile company. This was
later known as Henry Ford company.
Factors that motivated Henry Ford to become successful entrepreneur
Henry Ford was the founder of American Ford motor company. This is an organisation which is
well recognised across the world because of its success. Henry Ford is popular for the way of
thinking as well as leading that it follows while managing business. The legacy of Henry Ford
consists of of various memories and quotes that can be accumulated for knowing about powerful
philosophy of entrepreneurship. He was a successful leader as well as individual whose main aim
was to provide great heights to Ford motor company (Kilenthong, Hultman, and Hills, 2016).
There was several quotes given by Henry Ford for becoming a successful leader. Some of these
are mentioned below-

Be good at what you do you so that people can think you have invented it - Henry Ford was
given credit because he was the man behind invention of of various attractive automobiles.
Henry Ford was very passionate regarding various vehicles and automobiles. In the American
culture, Henry Ford used to to be known as an individual that was too passionate about
automobiles. Henry Ford has suggested to upcoming entrepreneurs that one should not steal
credit from others as this will be unethical (O'Cass, and Morrish, 2016). But, the person should
be so full of enthusiasm while going to work and he must be having a strong spirit of excellence
and passion for doing great work and providing products to the customers. To be a successful
entrepreneur, the person must follow his or her passion and do that work which will help in in
getting success in business.
Failures are opportunities - Henry Ford failed a lot of times before he got success. The case of
failure among entrepreneurs is very common and it is essential for a successful entrepreneur to
be motivated and keep working towards achieving aims and objectives (Whalen, and Akaka,
2016). Generally all people tend to downplay failures. There is no such individual in the world
who is immune to failure. These are opportunities which are disguised as negative events. Failure
provide an opportunity to start the work again with full confidence and more efforts. Failures are
known as teachers as they help in knowing what were the factors at which the person lacks and
what should be done to achieve success next time. It is not easy for a person to experience failure
again and again. This lowers the motivational level of individual and creates emotional
disappointment. Failures are known as feedback which provides a course for life experience (Li,
2016). Please provide knowledge about what is not good for the person to work. When a person
is not successful in his or her work, failure teaches what went wrong and what must be done for
achieving success.
Be as strong behind-the-scenes as you are anywhere else- entrepreneurs have to you look
impressive by sharing their stories of putting efforts and succeeding in their life. There are few
people what not able to provide valuable products or services and by doing this, they are not able
to rise as successful entrepreneurs. According to Henry Ford, quality means doing it right it
when no one is looking. According to his point of view, business should not exist for impressing
others. It should be able to engage with the processes and attending all the details and achieving
success.

Don’t be a show off- Henry Ford was a person who was known to be modest. He always dress in
informal clothes. Henry Ford has shared his talk with secretary for explaining this aspect (Lientz,
and Rea, 2016). Once he was travelling to foreign lands in case of a business deal. No one could
recognise Henry Ford because of his dressing. His secretary suggested that he should wear more
modest clothes. Henry Ford told in reply that he did not want to be bothered dressing up for
individuals who don't even know who is Henry Ford. He wanted that people should recognise
him on the basis of work that he has done and success which he has achieved. Clothes do not
play any role in success of any person.
One should not be in business only for making money - according to Henry Ford, a business
that it makes only money is a poor business. There are many businesses which are are only
running in order to grab more and more cash. They are focused on weaker impulses of customers
and their needs. Search businesses can enjoy luxurious facilities but on the other hand they will
always live in shame. It is very important for a business to be provider of a real value (Nikias,
2019). No doubt, money has an important value within business. But it is also important to do
something good for an individual and achieving financial success. This will provide more
satisfaction to business person. Henry Ford is known as a person who has made lot of money in
his business tenure. Moreover, he is also known for developing assembly line which has helped
several automobile organisations to sell their great cars in process.
3 T's ( Talent, temperament, technique)
 Talent – It is essential for successful entrepreneur that they must have specific talent and
skills so that they can attain success. Henry Ford was a talented person and he always
works for attaining success in business. He was able to manage and control the business
operations in effective manner. Talented entrepreneurs will be able to manage and control
the activities and tasks that are helpful in achieving success. It is essential that
entrepreneurs have the proper management so that they are able to manage and control
the business activities and opportunities effectively.
Temperament – Henry Ford was having a cool temperament. He was always able to manage and
control the various activities by having positive temper (Daniel, and Daniel, 2018). It is
concluded that Henry handles various problems with positive temper and analysing the situations
in an effective manner. The management of all the business operations is important for achieving

success in life. It is important for the entrepreneurs to have great evaluation over various
problems so that they can manage their work properly. A positive thought and vision over life is
important so that problems are solved effectively. Person with positive temper is important in
order to complete the projects effectively.
 Technique – There are various techniques that are used for accomplishing the business
aims and objectives. Henry Ford was involved in preparing various innovative strategies
in order to accomplish the objectives and aims of the company. It is essential for an
entrepreneur so that they are able to analyse the new processes and techniques so that
work is done in proper manner. New innovations are done in automobile industry by
Henry Ford for managing various business activities and tasks in effective manner.
FACETS (focus, advantage, creativity, ego, team, social)
There is high level of communication and internet which has helped a lot of small businesses to
establish success in market. Entrepreneurs are are responsible for various qualities, skills as well
as ideologies for maintaining effective functioning. There are basically 6 broad categories of
characters that are given by this model which includes focus, advantage, creativity, ego, team
and social. The facet model is applied on Henry Ford in the following –
Focus - this is known as one of the most essential things of model and it is important for an
entrepreneur to be focused and work ethically to achieve success in life. There is always a sense
of urgency which provides a desire among and individual to complete projects in specified time
frame. In context of Henry Ford, it is seen that he is always passionate about the work he is
doing. Main objective of his life was to to make more money and develop processes that can help
various innovations within the automobile industry.
Advantage - this is associated with the business strategy that an entrepreneur is using in order to
build competitive advantage in market. This includes the way in which an entrepreneur uses
business opportunities and develop success. Henry Ford has developed assembly line function in
automobile industry which has helped all the automobile organisations across the world to
minimise the cost of inventory.
Creativity- this is defined as lifeblood of entrepreneur. This consists of of various opportunities
as well as ideas which are developed among the entrepreneur. This is basically related to how an
individual analyse different problems and develop ideas for solving that issue. Henry Ford was

very creative and he has developed various beneficial ideas and solutions for different problems
of automobile industry.
Ego- this includes a complex facet which is divided into 2 portions that is inner portion and outer
portion. This is is further divided into 6 more factors. Inner ego of a person consist of motivation,
dedication and self assurance. On the other hand, Outer ego consist of accountability,
responsibility and courage. Outer ego is defined as centre of control of entrepreneur. By using
the the ego opportunities in effective manner, a person can change his destiny by working
effectively. Henry Ford was an entrepreneur who used his ego in in proper manner and is is able
to to analyse the factors which will help in grabbing success.
Team - this is known as last factor of this model. It is related with the the ability of entrepreneur
to build a successful team. For doing a successful business, it is important to develop successful
teams which can work hard for achieving objectives and goals. Henry Ford has developed
successful teams while establishing Ford motor company.
From this model, it is analysed that Henry Ford was a successful entrepreneur because of his
way of thinking positive and putting best efforts for achieving aims and objective of life. Failure
is just an another opportunity which has to be used carefully so that next time it is easy to grab
success.
Conclusion
From the above discussion, it is analysed that an individual must have effective strategies
and ideas for becoming a successful entrepreneur. It is important for the person so that he is able
to manage the work in effective manner so that organisational goals are attained in effective
manner. Henry ford is one of the best successful entrepreneurs across the world. It is essential
that they should know what are the factors which help in motivating and keep putting efforts to
become a successful entrepreneur. This person did not believe in showing off and he used to do
work properly. The main aim of his life was to become successful and attain goals in specified
time frame. In context of the management of people of organisation, henry Ford was a person
who believed in team building and attaining success.

REFERENCES
Books and Journals
Anwar, M.N. and Daniel, E., 2016. Entrepreneurial marketing in online businesses. Qualitative
Market Research: An International Journal.
de Sá, E.S., Farhangmehr, M. and Pinho, J.C., 2016. The Context and Outcomes of
Entrepreneurial Marketing as a Decision-Making Process Under Uncertainty.
In Rediscovering the Essentiality of Marketing (pp. 353-354). Springer, Cham.
Kilenthong, P., Hultman, C.M. and Hills, G.E., 2016. Entrepreneurial orientation as the
determinant of entrepreneurial marketing behaviors. Journal of Small Business
Strategy, 26(2), pp.1-22.
O'Cass, A. and Morrish, S., 2016. Anatomy of entrepreneurial marketing. Journal of Strategic
Marketing, 24(1), pp.2-4.
Whalen, P.S. and Akaka, M.A., 2016. A dynamic market conceptualization for entrepreneurial
marketing: the co-creation of opportunities. Journal of Strategic Marketing, 24(1),
pp.61-75.
Li, J., 2016, January. Overall budget management in construction engineering budget
management. In 2016 International Conference on Civil, Transportation and
Environment. Atlantis Press.
Lientz, B. and Rea, K., 2016. Breakthrough technology project management. Routledge.
Nikias, A.D., 2019. An Experimental Examination of the Effects of Information Control on
Budget Reporting with Relative Project Evaluation. Journal of Management Accounting
Research, 31(2), pp.177-196.
Daniel, P.A. and Daniel, C., 2018. Complexity, uncertainty and mental models: From a paradigm
of regulation to a paradigm of emergence in project management. International journal
of project management, 36(1), pp.184-197.