Sometimes a new home owner have to become skillful doing a few DIY projects such as tiling the floor, painting inner walls or fixing the faucet to save on additional spending. It is virtually impossible to build your own car, manufacture your own home appliances, be objective in treating all your illnesses and perform your own root canal; certain things are just not a DIY project.
I made the statement not to be facetious but to establish the fact that diversity of skills in various career, in the field of Medicine, Business, Construction, Science, Arts and Crafts, Agriculture, Sanitation and many, many other fields adds to the quality of life in society and to the success and prosperity of our daily life.
Doing research on the Commercial Markets, I kept being drawn to remembrance of successful business principles discussed in the book “Think and Grow Rich by Napoleon Hill. His foundational outline of successful business principles includes:
A Goal, Prayer and Meditation, Diligence, Desire, Capital$$$ and Honesty.
The Commercial market is a vast dynamic Industry, used by the Business sector and also by the Agricultural market. A thriving society cannot survive without a trade and a barter system or a highly established honest system which equates to a higher standard of living for its citizens.
The Commercial system we have today resulted directly from the Industrial Revolution and the American Revolution of 1800’s. Many well-known names and Corporations today such as Firestone, Keystone, Wrigley, F.W. Woolworth and Charles Schwab were established over 150 years ago. Three of the most outstanding men whose name and Corporations stood the test of time and are still present with us today are Henry Ford, John D. Rockefeller and Andrew Carnegie.
The contribution of Henry Ford to the Automobile Industry is legendary. Mr. Ford’s love for cars, his desire for mass production of cars for everyone, and his passion to improve the performance of the automobile engine; became the driving force in his life, as he established and operated by 2 cardinal economic policies, during years of tremendous expansion:
1. As the Company steadily made vast improvements in the performance of the engine and overall design of the car. Mr. Ford synonymously kept reducing the purchase price of the car. In 1908 the cost of the Model T was $ 810.00 dollars, in 1926. 18 years later with a far superior model than the 1908 model T; the purchase price was only $310.00 dollars. This allowed him to fulfill one of his greatest desires, which was to make cars affordable to the public.
- January 1914 Mr. Ford issued a mandate giving all employee higher wages, a minimum pay rate of $5 a day for an eight-hour work day was therefore established.
These two principles fueled the mass production of cars making it affordable to all, this ultimately gave Mr. Ford the victory he so desired while awarding him the opportunity to monopolizing the automobile industry world- wide.
In 1868 John D. Rockefeller and his brother established Standard Oil Corporation; to facilitate its growth and to capitalize on the market, the Company diversified becoming self-contained installing, “its own pipelines, tank cars and home delivery network. They often sold below market price to kept oil prices low and to keep off competitors. They made products affordable to the average household, which increased their market penetration. They also developed over 300 oil-based products from tar. Products such as Paint, Vaseline petroleum jelly and chewing gum were made. Upon his death in 1937 John D. Rockefeller was worth $336 Billion Dollars.
The dream of most Opera singers, is to perform on the renowned stage of Carnegie Music Hall in New York City. My personal introduction to the name Andrew Carnegie was through the book “Think and Grow Rich” by Napoleon Hill.
Andrew Carnegie was the first Industrialist to own “The most extensive integrated iron and steel operations ever owned by an individual in the United States.” He adopted and perfected “The Bessemer system of steel making”, which allowed the raw iron material to be converted quickly and more efficiently than before. Steel was then produced at a lower cost and in mass production for the expanding Railroads, Buildings and Bridges being built across America.
Carnegie’s next strategy of dominance, conquered the market as he became “The largest manufacturer of pig iron, steel rails, and coke in the world, with a capacity to produce approximately 2,000 tons of pig metal per day. In 1888, Carnegie bought the rival Homestead Steel Works, which included an extensive plant served by tributary coal and iron fields, a 425-mile (685 km) long railway, and a line of lake steamships. Carnegie combined his assets and those of his associates in 1892 with the launching of the Carnegie Steel Company.”
In 1901 Andrew Carnegie sold his steel Company to J.P Morgan for $250 Million dollars. He retired in 1901 at the age of 66 and became the first philanthropist giving endowments to High Schools, Colleges, Universities, and Libraries around the world. He gave $20 Million Dollars to the Island of the Philippines to buy their Independence.
In 1908 on an interview with Andrew Carnegie, the 2nd richest man in the world “Napoleon Hill discovered that Carnegie believed that the process of success could be outlined in a simple formula that anyone would be able to understand and achieve their desired success.” Hill accepted the challenge and was given introductory letter to interview and analyze over 500 successful men and women to discover and publish the formula for success proven by all successful participants.
The book Think and Grow Rich is probably the first book many business people use as a model for success. Joe Frasier the Heavy weight Boxing champion attributes the principles in the book to helping him gain the confidence to win his fight against Mohammed Ali.
I drew the analogy of Henry Ford, John D. Rockefeller and Andrew Carnegie as successful legendary giants in the world of business. Without a shadow of a doubt, I’m confident that any one reading this blog would love to emulate any one of these men by duplicating their success in your field of endeavor.
As REOLAS first Commercial blog, I diverse from the original topic which is good, but as I began to write about Napoleon Hill, I saw the depth and the magnitude of accomplishments within these 3 business legends Mr. Ford, Mr. Carnegie and Mr. Rockefeller, that the original topic paled in comparison to the present accomplishments we have today, especially since we have technology to aid us in our endeavors. .Ironically the business success we’re all trying to accomplish today has already been performed and perfected over 215 years ago by these three men. Using money as a gauge of success, it is calculated that John D. Rockefeller was worth $336 Billion Dollars in 1937. Imagine what it takes to earn $336 Billion dollars today? 78 years ago such earnings were accomplished by this man.
We have the book Think and Grow Rich, we have the outline principles, with the blueprint to follow, we have the men to emulate, most importantly we have the living memorials, tangible structures, resources, endowments and grants. Things built and design by these men are with us today. Around us we see building, bridges, roads, cars, libraries to propel our mind, enriching our spirit within for equal, further or greater creativity and performances of these men.
As we allow the sleeping GIANT within us to ARISE, let’s examine and remember common factors among successful men.
They each had a DESIRE, a burning love, a passion for their business or project.
Commit your desire to writing, preferably in your own handwriting.
Like Mr. Ford, never stop until you have reached the pinnacle of your desire.
Remember, good wages or benefits keep employees happy and committed.
Find a scripture of deliverance, hope and strength. When difficulties arise chew on that scripture; when worries bombard you, commit your thoughts only to the scripture and not on the problem, focus on the perfect, the honest and the just end result or solution to that problem, give thanks and rejoicing over the answer before it manifest as truth in your life. Mr. Rockefeller was devoutly committed to his religion, he believed that his faith in God was the reason for his success; therefore he was un apologetic about his vast wealth, in essence he viewed his wealth as Gods perfect gift to him.
Finally each man understood and used the strategy of market domination, for quick consumption, easy access and affordability for all consumers as their ultimate goal. To accomplish this goal, they were concern only in producing and offering the finest quality products, better than all their competitors while keeping prices low, often they used the strategy of lowering their prices to drive competitors completely out of business. 150 years later we see the major strategies, the blue print of success used by these three men which brought then and their Companies enormous wealth and crowning success until today.
They made a mark which cannot be erased, now it’s YOUR TIME, to make YOUR mark which cannot be erased. END
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