As being an entrepreneur would make them have to go
through many risks now and then. Every business will have to face risks. As an
example of entrepreneur is Henry Ford. Henry Ford was born on July 30, 1863 in
Greenfield Township, Michigan, United States. Henry Ford was an American
industrialist, the founder of Ford Motor Company and the sponsor of the development
of the assembly line technique of mass production.
Henry
Ford takes risk by working on automobiles itself in 1896 because at that time
there were many other working on automobiles with gas powered engines. It was
really competitive that many new companies would be gone by the day. Besides,
to manufacture automobiles in the late 1890s required a massive amount of
capital. It is quite a big risk to be taken since there is no certainty the
production will success with that tremendous amount of capital.
In
addition, Henry Ford wanted to find the people that can believe him and can be
trusted by him. Henry Ford had designed a prototype and then keep trying to
refine the design. But the thing is it was taking very long so that Murphy and
the stockholders were getting restless and not believing him. The board of
directors dissolved the company in 1901 because they lost faith in Henry Ford.
After
that, Henry Ford found an ideal partner, Alexander Malcomson. Like Henry Ford,
he is also a risk taker so he agreed to support through financial and not to
meddle in the manufacturing process. After the assembly plant ready, Henry Ford
get a team of workers to make 15 cars a day. After a lot of hardship, he could
produce his own car from the inside out. And now he is a well-known
entrepreneur in the world.
In
conclusion, to be a great entrepreneur there is a must to take a few risks. If
Henry Ford did not take the risks, he might be unknown to the world.
Furthermore, there are also many others entrepreneurs to be set as example
other than Henry Ford that brave to take risks in order to become a great
entrepreneur.
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