Henry Ford knew a thing or two about inventions. Although he had very little formal education, there were those who called him a genius (they meant an invention genius).
So there is a lot any inventor can learn from the life of Henry Ford that can end up being pretty useful, even today.
A) An inventor Must Have A Vision
Henry Ford dreamed of revolutionizing the life of the ordinary American by opening up the countryside for them with his invention. The motor vehicle he had in mind was more than just a mode of transportation. A clear vision can overcome many obstacles and keep you going against great odds. review on InventHelp
People often laughed at Ford and some thought that he was crazy. His boss at an electric company once offered him a big raise to “stop fooling around with those petrol engines.”
Luckily Henry Ford knew that a vision was more important than a big raise and more important than all the money in the world. The Ford fortune and the company he founded on his invention and the ideas you are reading about in this article are still in existence. Both will outlive the man by several hundred years.
Many times as you wait for the product to enter the market your vision will be all you have as an inventor. A vision is critical so dream away, but make sure that it is more than a dream by doing something about it.
B) If Your Invention Is Good Enough The Market Will Always Finance It review on InventHelp
Even in the days of Henry Ford “sensible educated people” believed that you would never bring an invention to the market without a fortune in capital. Henry Ford believed that if you had a product, you made a cheap prototype and if it was good enough, it would find customers who would finance every aspect of its production. You sold one unit and it financed you to manufacture a couple more until you had a business going. This was in sharp contrast to the situation that Ford said he saw often where bankers put a fortune in a business that was a bad idea and when inevitably it did not make a profit, even more money was pumped in.
Ford went ahead and proved what he was saying was correct with his own Ford Motor Company which never took out a bank loan in an industry that has traditionally required heavy financing to this day.
So, no matter what people say, put out of your mind the fact that you do not have the big capital required to launch your invention and instead do it the Henry Ford way.