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152 quotes, page 1 of 6Starting something of your own
For the van owner, the sole trader, the first employee hired and anybody building a business from a spare room. About customers and effort, never easy money.
We say who really said each one, and where the credit is uncertain we tell you. Every card is ours to share.
“Thinking is the hardest work any one can do, which is probably the reason why we have so few thinkers.”
Henry Ford, My Life and Work (1922). The book joins the two halves with a dash; he said much the same to The Forum magazine in 1928.
Running a small firm is mostly doing, so book half an hour a week to think: which jobs paid, which ones cost you, what to stop.
“If he intends to go forward and do anything, the whistle is only a signal to start thinking over the day's work in order to discover how it might be done better.”
Henry Ford, My Life and Work (1922)
Plenty of cleaning firms and haulage outfits started as a worker's notes on how the job could be run better than the place they worked.
“If the machine does not give service, then it is better for the manufacturer if he never had the introduction, for he will have the worst of all advertisements: a dissatisfied customer.”
Henry Ford, My Life and Work (1922). The book has a dash before the last three words.
A small firm lives on word of mouth, and it travels both ways. Go back and put the botched job right before you chase the next one.
“It is the product that pays the wages and it is the management that arranges the production so that the product may pay the wages.”
Henry Ford, My Life and Work (1922). The poster line "it is the customer who pays the wages" is a later paraphrase; this is what the book says, a sentence after "He only handles the money".
Before you take on your first employee, check the work coming in will cover their pay, holiday, employer NI and pension, not just this month but next.
“Being greedy for money is the surest way not to get it.”
Henry Ford, My Life and Work (1922). The sentence goes on to say that money looks after itself when you serve for the sake of service.
Overcharge a new customer once and you have lost ten years of their trade. Price fairly and let the regulars build up.
“There are always enough people ready and anxious to buy, provided you supply what they want and at the proper price.”
Henry Ford, My Life and Work (1922). He adds that it applies to personal services as well as to goods.
Starting a cleaning or gardening round? Ask ten neighbours what they would pay for and how often. Their answers are your first price list.
“Any customer can have a car painted any colour that he wants so long as it is black.”
Henry Ford, My Life and Work (1922). In the book he dates it to 1909, when he decided to make only the Model T; one model kept the price down.
Saying no to the odd jobs that wreck your day is allowed. A short, clear list of what you do is easier to sell and to deliver.
“Put all good eggs in one basket and then watch that basket.”
Andrew Carnegie, Autobiography of Andrew Carnegie (1920). He turned the old proverb round on purpose, and said the same in a talk to students in Pittsburgh in 1885.
A one van firm with one big customer is not wrong to focus. Just watch that contract closely and keep a second customer warm.
“There is one imperative rule for men in business: no secrets from partners.”
Andrew Carnegie, Autobiography of Andrew Carnegie (1920). The original has a dash before the rule.
Going into business with a friend? Write down who puts in what, who decides what, and how either of you can leave, before the first invoice.
“A mistake made by any one in favor of the firm is corrected as promptly as if the error were in favor of the other party.”
Andrew Carnegie, Autobiography of Andrew Carnegie (1920)
Overcharged a customer by mistake? Ring them before they notice. Underpaid a worker? Put it right in the next pay run. Both build trust.
“My experience has been that no partnership of new men gathered promiscuously from various fields can prove a good working organization as at first constituted.”
Andrew Carnegie, Autobiography of Andrew Carnegie (1920). "Promiscuously" here has its old meaning: gathered at random.
A brand new team needs a few months to settle. Plan the first busy season with that in mind, and do not judge your hires on week one.
“Nothing tells in the long run like good judgment.”
Andrew Carnegie, Autobiography of Andrew Carnegie (1920). He goes on to warn that a mind taken up with share prices loses it.
Turning down a job that would stretch the van, the crew or the cash too far is a skill. It rarely feels like one at the time.
Other sections
- Work and keeping going (189)
- Starting a business (152)
- For leaders (41)
- Working with people (22)
- Mindset and habits (144)
- True stories of people who started small