Eli Terry and Samuel Colt played prominent roles in the inspiration of Henry Ford's success. without the chain of events of other successors Henry Ford may not have had the opportunity to be the man he is known for today.
Eli Terry was a very proficient mechanic and had used very efficient manufacturing and assembly techniques that allowed them to produce a huge quantity at one time. Henry Ford was truly impressed with this concept and started to think of ways to mass produce interchangeable parts for cars. The result of Eli's great methods was a quality product that could be sold at a reasonable price for profit. Eli Terry is remembered as the best manufacturer in Connecticut, and Henry Ford set out to achieve the same title.
Samuel Colt had great interest with machinery as a young boy along with Eli Terry and Henry Ford. All three men had a lot of years and experience to figure out how to be successful with what they love doing. They all enjoyed taking things apart to see how they worked, and this is why Sam Colt created more ideas for manufacturing. These ideas included the use of interchangeable parts, production lines, and advanced precision machinery. This was the most important part of Henry Ford's inspiration because Henry Ford finally realized that production lines would be quick, affordable, and could be used to make a profit. It takes time, effort, and hard work to be successful. Nobody is ever rich in 5 minutes. Samuel Colt's business failed twice before he was up and running. After Henry Ford's attempt in making a motor vehicle company he realized Colt's experience was never a mistake to begin with.
"Don't find fault, find a remedy."
-Henry Ford
Eli Terry was a very proficient mechanic and had used very efficient manufacturing and assembly techniques that allowed them to produce a huge quantity at one time. Henry Ford was truly impressed with this concept and started to think of ways to mass produce interchangeable parts for cars. The result of Eli's great methods was a quality product that could be sold at a reasonable price for profit. Eli Terry is remembered as the best manufacturer in Connecticut, and Henry Ford set out to achieve the same title.
Samuel Colt had great interest with machinery as a young boy along with Eli Terry and Henry Ford. All three men had a lot of years and experience to figure out how to be successful with what they love doing. They all enjoyed taking things apart to see how they worked, and this is why Sam Colt created more ideas for manufacturing. These ideas included the use of interchangeable parts, production lines, and advanced precision machinery. This was the most important part of Henry Ford's inspiration because Henry Ford finally realized that production lines would be quick, affordable, and could be used to make a profit. It takes time, effort, and hard work to be successful. Nobody is ever rich in 5 minutes. Samuel Colt's business failed twice before he was up and running. After Henry Ford's attempt in making a motor vehicle company he realized Colt's experience was never a mistake to begin with.
"Don't find fault, find a remedy."
-Henry Ford