It’s tough to think of a man who carried the torch of business further than Henry Ford. Ford became famous for pioneering the assembly line and in the process, becoming the first man to successfully mass produce automobiles. Amazingly, Ford jump started the Ford Motor company with virtually none of his own money. As ‘Venture Capital Sources’ explains, Ford “raised a nominal sum of money from friends for initial working capital purposes. He then proceeded to cleverly negotiate deals with his suppliers that let him purchase parts on credit.
This in turn motivated him to sell his cars quickly - at a profit - so as to repay his suppliers. After years of diligently reinvesting those profits back into the business, Ford Motor was an industrial giant - and its creator was forever immortalized as a business legend.
This in turn motivated him to sell his cars quickly - at a profit - so as to repay his suppliers. After years of diligently reinvesting those profits back into the business, Ford Motor was an industrial giant - and its creator was forever immortalized as a business legend.
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