9 Business Icons who Faced Utter Failure

Bangalore: When we talk about success, we tend to measure it with how wealthy a person is or what is the turnover of his business, but we forget to mention their business blunders which made them face failures. After all they say, “He who never made a mistake, never made a discovery”. It is not a surprising fact that even successful people suffered failure in their ways of prosecuting things. But resurrecting these mistakes and trying hard have made them successful. Here are few entrepreneurs who made a splendid come back after facing utter failures.

Henry Ford

Company: Ford Motor Co.

Henry Ford is the founder of Ford Motor Company. In his early career, he started Detroit Automobile Co. in 1899, and arranged financers to back up the company. But the company dissolved within two years that is in 1901. Its produced cars were of low quality and were too posh for an average consumer.

Henry then decided to develop a new and much better automobile quality design, after this debacle. He hit the jackpot by making the Model T automobile, which is a well-made and low priced car. This revolutionized the transportation industry. Gradually his factories were able to meet the demands of Model Ts, which made it the most successful car in the history of automobile.

He says, “Whether you think you can, or you think you can't - you're right. Building a brand requires more than just building a good product”.