There is one rule for the industrialist and that is: Make the best quality of goods possible at the lowest cost possible, paying the highest wages possible.
- Topic: Business
More Quotes from Henry Ford
History is more or less bunk. It’s tradition. We don’t want tradition. We want to live in the present and the only history that is worth a tinker’s damn is the history we made today.
The highest use of capital is not to make more money, but to make money to do more for the betterment of life.
The question, 'Who ought to be boss?' is like asking 'Who ought to be the tenor in a quartet?' Obviously, the man who can sing tenor.
More on Business
'Tis the business of little minds to shrink; but he whose heart is firm, and whose conscience approves his conduct, will pursue his principles unto death.
A business absolutely devoted to service will have one worry about profits. They will be embarrassingly large.
While the law [of competition] may be sometimes hard for the individual, it is best for the race, because it insures the survival of the fittest in every department. We accept and welcome, therefore, as conditions to which we must accommodate ourselves, great inequality of environment, the concentration of business, industrial and commercial, in the hands of a few, and the law of competition between these, as being not only beneficial, but essential for the future progress of the race.
If a businessman makes a mistake, he suffers the consequences. If a bureaucrat makes a mistake, you suffer the consequences.
The golden rule for every business man is this: ‘Put yourself in your customer’s place.’
In the ordinary business of life, industry can do anything which genius can do, and very many things which it cannot.
