Monday Morning Motivational and Inspirational Quotes and Real Stories for Engaging the Marketplace by Otakada.org series 1 of 52
Series: 1 of 52 – 2019
Date: 23rd of September 2019
Introduction to Monday Morning Motivational and Inspirational Quotes and Stories for
engaging the marketplace
Welcome to today’s series of Monday Morning Motivational and Inspirational Quotes and Real life real success stories for the marketplace by Otakada.org
Once a week, you will receive the following from Otakada.org Monday Morning Motivation: –
- 7 motivational and inspirational quotes from great minds within the business world for excellent productivity to cover you for the week.
- 1 Real life Successful Stories from Businessmen and Businesswomen from the business world told by themselves to help you learn and stay at the top of your game.
- 2 Stories from the Holy Books that depicts excellent business principles and practices for your business and much, much more!
- 3 Proven Business Productivity tools to help you succeed in your online and offline business
What is my motivation for this series?
After more than 27 years’ operating actively in the marketplace, with constant ups and downs, booms and burst, losses and gains scenarios, there is no doubt that businesses requires healthy dose of tips, tricks, motivational and inspirational stories at those crucial moment that can make a difference between winning and losing. Our goal is to help you make good success as the holy books says and provide consultancy / counsel where and when needed through our writings, email engagements and other channels of communications as the need arises.
We hope you will like this new series.
Let dive in
7 Motivational and Inspirational Quotes
- What you declare, you will achieve
- To accomplish great things, we must not only act, but also dream, not only plan, but also believe. – Anatole France
- When you think, you can’t… revisit a previous triumph. – Jack Canfield
- Sometimes things become possible if we want then bad enough. – T.S. Eliot
- To be a leader, you must stand for something, or you will fall for anything. – Anthony Pagano
- Don’t you get it? This very second you could be doing something you love and dream about doing. So, do it! NOW!
- The spirit, the will to win, and the will to excel are the things that endure. These qualities are so much more important than the events that occur. – Vince Lombardi
Real life Successful Stories from Businessmen and Businesswomen from the business world told by themselves to help you learn and stay at the top of your game
MARSHALL FIELD – How He succeeded – Interview style approach
Key learning points – Ambition – Determination not to remain poor, sound health, preparing for the long haul, Slow growing business methods, knowing your strength and weaknesses, personality trait, Personal savings, Perseverance, Cash/credit business decision, integrity, honesty, frugality, good judgement, no risk taking, protecting customer interest, energy, importance of training vs college or university degree in running a business, the need for public service and never retiring, 18 hours work day. Aiming to touch humanity in a positive way.
THIS world-renowned merchant is not. easily accessible to interviews, and he seeks no fame for his business achievements. Yet, there is no story more significant, none more full of encouragement and inspiration for youth. In relating it, as he told it, I have removed
my own interrogations, so far as possible, from the interview.
” I was born in Conway, Massachusetts,” he said, “in 1835. My father’s farm was among the rocks and hills of that section, and no~ very fertile. All the people were poor in those days. My father was a man who had good judgment, and he made a success out of the farming business. My mother was of a more intellectual bent. Both my parents were anxious that their boys should amount to something in life, and their interest and care helped me.
” I had but few books, scarcely any to speak of. There was not much time for literature. Such books as we had, I made use of.
” I had a leaning toward business, and took up with it as early as possible. I was naturally of a saving disposition: I had to be. Those were saving times. A dollar looked very big to us boys in those days; and as we had difficult labor in earning it, we did not quickly spend it. I however, DETERMINED NOT TO REMAIN POOR:”
” Did you attend both school and college? ”
“I attended the common and high schools at home, but not long. I had no college training. Indeed, I cannot say that I had much of any public-school education. I left home when seventeen years of age, and of course had not time to study closely.
” My first venture in trade was made as clerk in a country store at Pittsfield, Massachusetts, where everything was sold, including dry- goods. There I remained for four years, and picked up my first knowledge of business. I SAVED MY EARNINGS AND ATTENDED STRICTLY TO BUSINESS”
and so made those four years valuable to me a population of a little more than four thou- sand. In 1856, when Mr. Field, fully equipped for a successful mercantile career, became a resident of the future metropolis of the West, the population had grown to little n10re than eighty-four thousand. Mr. Field’s prosperity advanced with the growth of the city; with Chicago, he was stricken but not crushed by the great fire of 1871; and with Chicago he advanced again to higher achievement and far greater prosperity than before the calamity.
” What were your equipment for success when you started as a clerk here in Chicago, in 1856? ”
” Health and ambition, and what I believe to be sound principles;” answered Mr. Field. ” And here I found that in a growing town, no one 4ad to wait for promotion. Good business qualities were promptly discovered, and men were pushed forward rapidly.
” After four years, in 186o, I was made a partner, and in 1865, there was a partial reorganization, and the firm consisted after that of Mr. Leiter, Mr. Palmer and’ myself (Field, Palmer, and Leiter). Two years later Mr. Palmer withdrew, and until 188I, the style of the firm was Field, Leiter & Co. Mr. Leiter retired in that year, and since then it has been as at present (Marshall Field & Co.).”
” What contributed most to the great growth of your business?” I asked.
” To answer that question,” said Mr. Field, ” would be to review the condition of the West from the time Chicago began until the fire in 1871. Everything was coming this way; immigration, railways and water traffic, and Chicago was enjoying, flush’ times.
” There were things to learn about the country, and the man who learned the quickest fared the best. For instance, the comparative newness of rural communities and settlements made a knowledge of local solvency impossible. The old State banking system prevailed, and speculation of every kind was rampant.
A CASH BASIS
“The panic of 1857 swept almost every- thing away except the house I worked for, and I learned that the reason they survived was because they understood the nature of the new country) and did a cash business. That is, they bought for cash, and sold on thirty and sixty days; instead of giving the customers, whose financial condition you could hardly tell anything about, all the time they wanted. When the panic came, they had no debts, and little owing to them, and so they weathered it all right. I learned what I consider my best lesson, and that was to do a cash business. ”
” What were some of the principles you applied to your business?” I questioned.
( I made it a point that all goods should be exactly what they were represented to be. It was a rule of the house that an exact scrutiny of the quality of all goods purchased should be maintained~ and that nothing was to induce the house to place upon the market any line of goods at a shade of variation from their real value. Every article sold must be regarded as warranted and EVERY PURCHASER MUST BE ENABLED TO FEEL SECURE.
” Did you suffer any losses or reverses during your career?”
“No loss except by the fire of 1871. It swept away everything, about three and a half millions. We were, of course, protected by insurance, which would have been sufficient against any ordinary calamity of the kind. But the disaster was so sweeping that some of the companies which had insured our property were blotted out, and a long time passed before our claims against others were settled. We man- aged, however, to start again. There were no buildings of brick or stone left standing, but there were some great shells of horse-car barns at State and Twentieth streets which were not burned, and I hired those. We put up signs announcing that we would continue business uninterruptedly, and then rushed the work of fitting things up and getting in the stock.”
“Did the panic of 1873 affect your business? ”
” Not at all. We did not have any debts. ”
” May I ask, Mr. Fields, what you consider to have been
THE TURNING POINT
in your career, – the point after which there was no more danger? ”
” Saving the first five thousand dollars I ever had, when I might just as well have spent the moderate salary I made. Possession of that sum, once I had it, gave me the ability to meet opportunities. That I consider the turning- point. ”
” What trait of character do you look upon as having been the most essential 1n your career? ”
(Perseverance)” said Mr. Field. But Mr. Selfridge, his most trusted lieutenant, in whose private office we were, insisted upon the addition of good judgment” to this.
“If I am compelled to lay claim to such traits, ” added Mr. Fields, ” it is because I have tried to practice them, and the trying has availed me much. I have tried to make all my acts and commercial moves the result of definite consideration and sound judgment. There were never any great ventures or risks. I practiced honest, stow-growing business methods, and tried to back them with energy and good system. ”
At this point, in answer Ito further questions, Mr. Field disclaimed having overworked in his business, although after the fire of ’71 he worked about eighteen hours a day for several weeks: –
“My fortune, however, has not been made in that manner. I believe in reasonable hours, but close attention during those hours. I never worked very many hours a day. People-do not work as many hours now as they once did. The day’s labor. has shortened in the last twenty years for everyone.”
QUALITIES THAT MAKE FOR SUCCESS
“What, Mr. Field,” I said, “do you con- sider to be the first requisite for success in life, so far as the young beginner is concerned?”
” The qualities of honesty, energy, frugality, integrity are more necessary than ever to-day, and there is no success without them. They are so often urged that they have become common- place, but they are really more prized than ever. And any good fortune that comes by such methods is deserved and admirable. ”
A COLLEGE EDUCATION AND BUSINESS
” Do you believe a college education for the young man to be a necessity in the future? ”
” Not for business purposes. Better training will become more and more a necessity. The truth is, with most young men, a college education means that just at the time when they should be having business principles instilled into them, and be getting themselves energetically pulled together for their life’s work, they are sent to college. Then intervenes what many a young man looks back on as the jolliest time of his life, four years of college. Often when he comes out of college the young man is unfitted by this good time to buckle down to hard work, and the result is a failure to grasp opportunities that would have opened the way for a successful career.”
As to retiring from business, Mr. Field remarked: –
” I do not believe that, when a man no longer attends to his private business in person every day, he has given up interest in affairs. He may be, in fact ‘Should be, doing wider and greater work. There certainly is no pleasure in idleness. A man, upon giving up business, does not cease laboring, but really does or should do more in a larger sense. He should interest himself in public affairs. There is no happiness in mere dollars. Af1ter they are acquired, one can use but a moderate amount. It is given a man to eat so much, to wear so much, and to have so much shelter, and more he can-
not use. When money has supplied these, its mission, so far as the individual is concerned, is fulfilled, and man must look further and higher. It is only in the wider public affairs, where money is a moving force toward the general welfare, that the possessor of it can possibly find pleasure, and that only in constantly doing more. ”
” What, ” I said, ” in your estimation, is the greatest good a man can do? ”
, The greatest good he can do is to cultivate himself, develop his powers, in order that he may be of greater use to humanity. ”
2 Stories from the Holy Books that depict excellent business principles and practices for your business and much, much more!
Proverbs 10:9 The Message (MSG)
9 Honesty lives confident and carefree,
but Shifty is sure to be exposed.
Proverbs 11:3 The Message (MSG)
3 The integrity of the honest keeps them on track;
the deviousness of crooks brings them to ruin.
3 Proven Business Productivity tools to help you succeed in your online and offline business
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Thank you for ready and wish you success in your business
Monday Ogwuojo Ogbe @ Otakada.org
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