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Autobiography of Andrew Carnegie, Excerpt 69
What surprised me was the good humor which prevailed everywhere. It was a vast picnic, full of amusing incidents. Everybody was in high glee;…
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Leadership · Entrepreneur memoirs
Autobiography of Andrew Carnegie, Excerpt 70
To-day Oil Creek is a town of many thousand inhabitants, as is also Titusville at the other end of the creek. The district which began by…
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Leadership · Entrepreneur memoirs
Autobiography of Andrew Carnegie, Excerpt 71
This forty-thousand-dollar investment proved for us the best of all so far. The revenues from it came at the most opportune time.[28] The building of…
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Leadership · Entrepreneur memoirs
Autobiography of Andrew Carnegie, Excerpt 72
My investments now began to require so much of my personal attention that I resolved to leave the service of the railway company and devote myself…
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Leadership · Entrepreneur memoirs
Autobiography of Andrew Carnegie, Excerpt 73
Twelve years of pleasant intercourse have served to inspire feelings of personal regard for those who have so faithfully labored with me in the…
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Leadership · Entrepreneur memoirs
Autobiography of Andrew Carnegie, Excerpt 74
Thenceforth I never worked for a salary. A man must necessarily occupy a narrow field who is at the beck and call of others. Even if he becomes…
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Leadership · Entrepreneur memoirs
Autobiography of Andrew Carnegie, Excerpt 75
The sum was soon made in oil stock by the investment of a few hundred dollars which "Vandy" had saved. This was the beginning of our excursion. We…
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Leadership · Entrepreneur memoirs
Autobiography of Andrew Carnegie, Excerpt 76
Protection has played a great part in the development of manufacturing in the United States. Previous to the Civil War it was a party question, the…
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Leadership · Entrepreneur memoirs
Autobiography of Andrew Carnegie, Excerpt 77
Capital no longer hesitated to embark in manufacturing, confident as it was that the nation would protect it as long as necessary. Years after the…
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Leadership · Entrepreneur memoirs
Autobiography of Andrew Carnegie, Excerpt 78
We could now (1907) abolish all duties upon steel and iron without injury, essential as these duties were at the beginning. Europe has not much…
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Leadership · Entrepreneur memoirs
Autobiography of Andrew Carnegie, Excerpt 79
I was surprised to find how very different was the state of affairs in New York. There were few even of the business men who had not their ventures…
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Leadership · Entrepreneur memoirs
Autobiography of Andrew Carnegie, Excerpt 80
All these allurements I declined. The most notable offer of this kind I ever received was one morning in the Windsor Hotel soon after my removal to…
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Leadership · Entrepreneur memoirs
My Life and Work, Excerpt 1
We have only started on our development of our country--we have not as yet, with all our talk of wonderful progress, done more than scratch the…
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Leadership · Entrepreneur memoirs
My Life and Work, Excerpt 2
I have no quarrel with the general attitude of scoffing at new ideas. It is better to be skeptical of all new ideas and to insist upon being shown…
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Leadership · Entrepreneur memoirs
My Life and Work, Excerpt 3
The natural thing to do is to work--to recognize that prosperity and happiness can be obtained only through honest effort. Human ills flow largely…
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My Life and Work, Excerpt 4
Russia could not get along without intelligence and experience. As soon as she began to run her factories by committees, they went to rack and ruin;…
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My Life and Work, Excerpt 5
One of the counsels of caution is to be very certain that we do not mistake a reactionary turn for a return of common sense. We have passed through a…
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My Life and Work, Excerpt 6
The primary functions are agriculture, manufacture, and transportation. Community life is impossible without them. They hold the world together.…
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My Life and Work, Excerpt 7
There is plenty of work to do. Business is merely work. Speculation in things already produced--that is not business. It is just more or less…
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Leadership · Entrepreneur memoirs
My Life and Work, Excerpt 8
The welfare of the country is squarely up to us as individuals. That is where it should be and that is where it is safest. Governments can promise…
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Leadership · Entrepreneur memoirs
My Life and Work, Excerpt 9
There is little chance of an intelligent people, such as ours, ruining the fundamental processes of economic life. Most men know they cannot get…
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Leadership · Entrepreneur memoirs
My Life and Work, Excerpt 10
The economic fundamental is labour. Labour is the human element which makes the fruitful seasons of the earth useful to men. It is men's labour…
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Leadership · Entrepreneur memoirs
My Life and Work, Excerpt 11
It is very easy, unless one keeps a plan thoroughly in mind, to get burdened with money and then, in an effort to make more money, to forget all…
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Leadership · Entrepreneur memoirs
My Life and Work, Excerpt 12
The producer depends for his prosperity upon serving the people. He may get by for a while serving himself, but if he does, it will be purely…
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Leadership · Entrepreneur memoirs
My Life and Work, Excerpt 13
Money comes naturally as the result of service. And it is absolutely necessary to have money. But we do not want to forget that the end of money is…
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Leadership · Entrepreneur memoirs
My Life and Work, Excerpt 14
On my own farm at Dearborn we do everything by machinery. We have eliminated a great number of wastes, but we have not as yet touched on real economy…
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Leadership · Entrepreneur memoirs
My Life and Work, Excerpt 15
Lack of knowledge of what is going on and lack of knowledge of what the job really is and the best way of doing it are the reasons why farming is…
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My Life and Work, Excerpt 16
The way to attain low-priced, high-volume production in the factory or on the farm--and low-priced, high-volume production means plenty for everyone-…
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Leadership · Entrepreneur memoirs
My Life and Work, Excerpt 17
We are constantly experimenting with new ideas. If you travel the roads in the neighbourhood of Dearborn you can find all sorts of models of Ford…
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Leadership · Entrepreneur memoirs
My Life and Work, Excerpt 18
1. An absence of fear of the future and of veneration for the past. One who fears the future, who fears failure, limits his activities. Failure is…
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Leadership · Entrepreneur memoirs
My Life and Work, Excerpt 19
3. The putting of service before profit. Without a profit, business cannot extend. There is nothing inherently wrong about making a profit.…
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Leadership · Entrepreneur memoirs
My Life and Work, Excerpt 20
There was too much hard hand labour on our own and all other farms of the time. Even when very young I suspected that much might somehow be done in a…
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Leadership · Entrepreneur memoirs
My Life and Work, Excerpt 21
During all this time I kept my position with the electric company and gradually advanced to chief engineer at a salary of one hundred and twenty-five…
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Leadership · Entrepreneur memoirs
My Life and Work, Excerpt 22
I have the dynamo that I first had charge of at the Detroit Edison Company. When I started our Canadian plant I bought it from an office building…
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Leadership · Entrepreneur memoirs
My Life and Work, Excerpt 23
The Edison Company offered me the general superintendency of the company but only on condition that I would give up my gas engine and devote myself…
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Leadership · Entrepreneur memoirs
My Life and Work, Excerpt 24
I rented a shop--a one-story brick shed--at 81 Park Place to continue my experiments and to find out what business really was. I thought that it must…
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Leadership · Entrepreneur memoirs
My Life and Work, Excerpt 25
Business men believed that you could do anything by "financing" it. If it did not go through on the first financing then the idea was to "refinance."…
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Leadership · Entrepreneur memoirs
My Life and Work, Excerpt 26
I determined absolutely that never would I join a company in which finance came before the work or in which bankers or financiers had a part. And…
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Leadership · Entrepreneur memoirs
My Life and Work, Excerpt 27
That is getting some years ahead of the story, but it is control by finance that breaks up service because it looks to the immediate dollar. If the…
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Leadership · Entrepreneur memoirs
My Life and Work, Excerpt 28
There is also the great fear of being thought a fool. So many men are afraid of being considered fools. I grant that public opinion is a powerful…
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Leadership · Entrepreneur memoirs
My Life and Work, Excerpt 29
The man who has the largest capacity for work and thought is the man who is bound to succeed. I cannot pretend to say, because I do not know, whether…
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Leadership · Entrepreneur memoirs
My Life and Work, Excerpt 30
(2) That thinking first of money instead of work brings on fear of failure and this fear blocks every avenue of business--it makes a man afraid of…
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Leadership · Entrepreneur memoirs
My Life and Work, Excerpt 31
In the little brick shop at 81 Park Place I had ample opportunity to work out the design and some of the methods of manufacture of a new car. Even if…
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Leadership · Entrepreneur memoirs
My Life and Work, Excerpt 32
Standardization (to use the word as I understand it) is not just taking one's best selling article and concentrating on it. It is planning day and…
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Leadership · Entrepreneur memoirs
My Life and Work, Excerpt 33
These ideas were forming with me during this year of experimenting. Most of the experimenting went into the building of racing cars. The idea in…
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Leadership · Entrepreneur memoirs
My Life and Work, Excerpt 34
Our purpose is to construct and market an automobile specially designed for everyday wear and tear--business, professional, and family use; an…
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Leadership · Entrepreneur memoirs
My Life and Work, Excerpt 35
Men who are constantly complaining of shortage of time and lamenting the fewness of days in the week--men to whom every five minutes wasted means a…
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Leadership · Entrepreneur memoirs
My Life and Work, Excerpt 36
The business went along almost as by magic. The cars gained a reputation for standing up. They were tough, they were simple, and they were well made.…
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Leadership · Entrepreneur memoirs
My Life and Work, Excerpt 37
Our little wooden shop had, with the business we were doing, become totally inadequate, and in 1906 we took out of our working capital sufficient…
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Leadership · Entrepreneur memoirs
My Life and Work, Excerpt 38
We had been through an experimenting period of five years. The cars were beginning to be sold in Europe. The business, as an automobile business then…
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Leadership · Entrepreneur memoirs
My Life and Work, Excerpt 39
(6) A comprehensive bookkeeping system and a follow-up sales system, so that it may be instantly apparent what is the financial status of the various…
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Leadership · Entrepreneur memoirs
My Life and Work, Excerpt 40
In conclusion we beg to state if there are any prospective automobile buyers who are at all intimidated by the claims made by our adversaries that we…
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Leadership · Entrepreneur memoirs
My Life and Work, Excerpt 41
Now I am not outlining the career of the Ford Motor Company for any personal reason. I am not saying: "Go thou and do likewise." What I am trying…
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Leadership · Entrepreneur memoirs
My Life and Work, Excerpt 42
Indeed, there was some disposition to take this stand. Some of the stockholders were seriously alarmed when our production reached one hundred cars a…
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Leadership · Entrepreneur memoirs
My Life and Work, Excerpt 43
He found eventually that it was a French steel and that there was vanadium in it. We tried every steel maker in America--not one could make…
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Leadership · Entrepreneur memoirs
My Life and Work, Excerpt 44
The company was then five years old. The original factory space had been .28 acre. We had employed an average of 311 people in the first year,…
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Leadership · Entrepreneur memoirs
My Life and Work, Excerpt 45
During the season 1908-1909 we continued to make Models "R" and "S," four-cylinder runabouts and roadsters, the models that had previously been so…
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Leadership · Entrepreneur memoirs
My Life and Work, Excerpt 46
"I will build a motor car for the great multitude. It will be large enough for the family but small enough for the individual to run and care for. It…
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Leadership · Entrepreneur memoirs
My Life and Work, Excerpt 47
Nobody knows how many thousand times it has been asked since. It is asked only because of the failure to grasp that a principle rather than an…
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Leadership · Entrepreneur memoirs
My Life and Work, Excerpt 48
It is self-evident that a majority of the people in the world are not mentally--even if they are physically--capable of making a good living. That is…
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Leadership · Entrepreneur memoirs
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