The story of Biggest Entrepreneur !!!

Failure is Simply the opportunity to begin again this time with more intelligently !                   said by Henry ford. 

Henry ford was an american industrialist and business magnate , he was founder of The Ford Motors Company . His introduction of Model T car , revolutionized the Transportation and american history. He is credited with Fordism . 

Henry was one of eight children born to William and Mary Ford. He was born on a farm near Dearborn, Michigan on 30 July 1863. For eight years he attended a one-room school when he wasn't helping on the farm with the harvest.Once his father gave him a watch in his early teens , At 13 he dismantled and reassembled the timepieces of friends, dozens of time gaining the reputation of watch repairman.

His journey begins when he left his home at the age of 16 and went to Detroit to do something different and he got job as a Apprentice machinist .Henry by chance learned about the gas engine from British Magazine.Henry would get the chance to work on such  engine himself in 1889 and he instantly recognized the advantages it had. Because it did not use steam engine it was much lighter. —The gas engine was an innovation and Henry fell in love with it but it was one he didn’t fully understand.He had none knowledge of an electricity and the gas engine was fired by an electric spark.

To obtain this missing  knowledge Henry went to work for the Edison illuminating company. Whenever the engine broke Henry had to fix them but whenever they were not working he was free to do as he wished .It was perfect job that allowed him to spend his days experimenting with gas engine .Building a car in world with no car parts wasn’t easy and Henry had to figure out every detail through trial and error.

It took three years of constant effort to produce this Quadricycle ,a simple car.

 But their was some problems in quadricycle… so after three years he sold it in 1897 for 200 dollars then Henry build a second Quadricycle and then a third always improving the design. Ford resigned from Edison company and founded the Detroit Automobiles company in the year of 1899 .

Then they started making wagons in a factory which they took on leasing, but it took 6 months to produce their first delivery wagons. 

After two years of not much profit business under the leadership of Henry ford , shareholders voted against Henry and Henry left the company. 

The  guy who takeover  Detroit automobile company changed the name of company to Cadillac .After he was thrown out of his own company , he started making cars which everyone can afford , so he collected money from friends and family to make a new cheap and good quality car , after some years he made his first design as a MODEL A and some months later he build model  B. 

On June 16 1903 , the ford motor company was incorporated with 12 investors owning a total of 1000 shares .

He learned from his own mistakes and with dodge brother he established his first Ford factory in 1904. Then in the year 1906 the Model N which was very affordable car become the best selling car in the US and ford become the biggest car production in US.

At that time, vanadium steel was new to Americas but the vanadium steel was stronger than normal steel .Henry Knew the advantages of vanadium steel, so he made a deal with the Flannery brothers to give vanadium steel for production of cars and it was J kent smith their chief engineer who built the first plant for henry in 1907 .

The first Ford car designed with vanadium steel was the model T in 1908 and it was the best car Henry had made and the quality was superior due to vanadium steel and much stronger than any competitor’s car.

 By 1918 half of all the cars in America was model T , Due to this success of model  T henry ford become one of the richest man alive .

Fords philosophy was one of the economic independence for united states. Once Henry ford said , “ No matter where industry prospers whether in India, china or Japan the more profit there will be, it will be for everyone including us , all the world is bound to catch some good from us !Due to his health failing , Ford ceded the company presidency to his grandson Henry ford II in September 1945 and retired .He died on April 7 ,1947 at cerebral hemorrhage at the age of 83 . 

A public viewing was held at Greenfield village.