A nation that knows how to work will never suffer.
More quotes by Henry Ford
You say I started out with practically nothing, but that isnt correct. We all start with all there is, its how we use it that makes things possible.
See what a 25-cent raise will do to us, said Mr. Ford. So they figured the daily and monthly cost of a 25-cent increase. Put on another quarter and see what that will cost, he said. And so they went on, 25 cents a step. Finally the wage of $2.34 stood at $4.75–more than 100 percent increase. One of the associates–a good financial head–remarked rather sarcastically that if they were going to be fools, why not be first-class fools and make it $5. All right, said Mr. Ford, let’s make it $5.
A man’s college and university degrees mean nothing to me until I see what he is able to do with them.
There is one rule for the industrialist and that is: make the best quality goods possible at the lowest cost possible, paying the highest wages possible.
More quotes about Business
An imitation may be quite successful in its own way, but imitation can never be Success. Success is a first-hand creation.
Can advertising foist an inferior product on the consumer? Bitter experience has taught me that it cannot. On those rare occasions when I have advertised products which consumer tests have found inferior to other products in the same field, the results have been disastrous.
No one loses anything by raising wages as soon as he is able. It has always paid us. Low wages are the most costly any employer can pay. It is like using low-grade material–the waste makes it very expensive in the end. There is no economy in cheap labor or cheap material. The hardest thing I ever had to do was to reduce wages. I think we were the last big company to come to it. Now I am mighty glad that wages are climbing again.
I did not feel ‘evil’ when I wrote advertisements for Puerto Rico. They helped attract industry and tourists to a country which had been living on the edge of starvation for 400 years.
The relationship between a manufacturer and his advertising agency is almost as intimate as the relationship between a patient and his doctor. Make sure that you can life happily with your prospective client before you accept his account.
To be most effective in sales today, it’s imperative to drop your ‘sales’ mentality and start working with your prospects as if they’ve already hired you.
As far as competition is concerned, that must continue. But we must learn what competition really is. It is a striving to attain the best. To throttle it would mean to stop all progress. Certain men do not need to compete. They are pioneers.