When we think of people in the 19th century we think of how easy they must have had it. Everything was simpler and less stressful. People went to work and then home and relaxed. Also, some may think how much harder it must have been for them to not have the technology we are using Read More
When we think of people in the 19th century we think of how easy they must have had it. Everything was simpler and less stressful. People went to work and then home and relaxed. Also, some may think how much harder it must have been for them to not have the technology we are using today. Either way, the entrepreneur of today can look back and learn from them.
One thing the 19th-century entrepreneur had was a vision. They did not just choose to go in that direction to make a lot of money. They looked for necessities that would help others. They looked to find their specific market they could do best in.
Another thing they had was values. Today’s business goes so fast with so much greed and power that many larger entrepreneurs have lost their integrity. Their focus has become sell and sells more. Quality control has vanished in the paperwork and morals got hidden on the shelves. Nobody likes to go to look for a bargain they saw in an advertisement, and then find it later it is not as same as it was shown in the ad.
Many entrepreneurs in the 19th century started small but thought big. Growth is an important part of business. Supply and demand are inevitable. And as area and population grow so does your business. If you have too many products to start with you have set yourself up to fail if there are no planning, vision, or values.
The biggest thing to learn from 19th-century entrepreneurs is their failure. What they did wrong and how to prevent it from happening to you. Also, what they did to come back from failure and regain strength. We all learn from mistakes but if you learn from others’ errors it saves you the heartache and loss from making your own mistakes.