How Henry Ford
In the early 1890s Henry Ford worked as a night engineer at the Edison
Illuminating Company. Even though Ford's shift was 6pm to 6am he used his
free time to teach himself mechanical and building skills. Why? Ford had a
crazy dream of building a machine that would carry him through Detroit
without the assistance of a horse! However, in order to make this dream
come true he had a few obstacles to overcome.
Primarily was his need for materials and tools. Rather than borrow money
for purchases, Ford went to farms, blacksmiths, and scrap yards and asked
for their junk metal and tools. Most of these places were happy to have
their garbage hauled away. Later on in his homemade workshop, Ford taught
himself how to fashion what others considered trash into useable tools and
working machine parts.
Secondly, in order to further improve his crafting skills, he took a
second, part-time job with a jeweler. There he continued to learn
additional crafting skills as he was taught to use different tools and
intricate mechanical parts.
During the early 1890s Ford invested in himself; his education; his
abilities. He was famous for his frugality and never spent much on this
early self-education. However, he did invest heavily in the amount of time
he spent honing his mechanical skills. His education cost little, but the
ultimate value he received from his educational investment obviously paid
off very well as his career and business grew.
Creating value doesn't have to cost money. What assets do you already own
(time, education, location, etc.) that you can leverage into more business