Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more from just $11.99/month.

266. The Foundation Effect

UNLIMITED

266. The Foundation Effect

FromLove Your Work


UNLIMITED

266. The Foundation Effect

FromLove Your Work

ratings:
Length:
13 minutes
Released:
Oct 14, 2021
Format:
Podcast episode

Description

On October 10th, 1901 – 120 years ago, almost to the day – the grandstand was full at the horse track in Grosse Pointe, Michigan. But not to see horses. There was a parade of more than 100 of these new things called automobiles, and several other events, including races of automobiles with electric engines and with steam engines. But the main event was a race of gasoline automobiles. By the time the event took place, it didn’t look like it would be much of a race. There had originally been twenty-five contestants. Only three made it to the starting post, then just before the race, one broke down and had to withdraw. So there were just two cars, driven by the men who had built them. One was the country’s most famous car manufacturer. The other, was a local. A failed car manufacturer, named Henry Ford. At the time of this race, the most famous car-maker in America was Alexander Winton. He had made and sold hundreds of cars. He had gotten tons of press driving from Cleveland to New York. At the time of this race, Henry Ford was a failed car-maker. He had made and sold a handful of automobiles, but his first car company had failed. It was clear who was going to win this race: Moments prior, Alexander Winton had set the world record for the fastest mile traveled in an automobile, going around the dirt track in a little more than a minute and twelve seconds. Winton’s car was seventy horsepower. Ford’s was twenty-six. He had never taken it on a turn, and it didn’t have brakes. The race was supposed to be twenty-five laps, but just before the event, the organizers shortened it to ten. According to Richard Snow, author of I Invented the Modern Age: The Rise of Henry Ford, they probably didn’t want to see the local loser lapped over and over. This race was more of a sprint. The Foundation Effect Has this ever happened to you? You pass by a construction site for months, and there’s nothing going on. There’s just a wall with a project logo, peppered with graffiti. Then one day, there’s a six-story building frame there. Now, each time you pass, it’s gotten taller. There was no visible progress for months, then there was rapid progress. You saw what I call “The Foundation Effect.” The Foundation Effect is the delay in your progress, as you build your foundation. You have false starts and failures, and it looks as if you’re going nowhere. But once you have your foundation built, you progress rapidly. Back to the races Henry Ford, the failed carmaker, won the sprint. But it wasn’t until much later he also won the marathon. Eight years after that race, Henry’s Ford Motor Company released a car that changed everything. It was durable enough to make it over rough country roads, lined with horse-drawn-wagon tracks. It was versatile enough farmers could use the engine to run a wheat thresher or move hay bales down a conveyer belt. It was twice as good as any car out there, at half the price. The first year, they sold 10,000. The second year, 20,000. A few years after that, they sold almost 200,000. By the time the “Model T” went out of production nearly twenty years after introduction, the Ford Motor Company had sold nearly 15 million. More than half of all cars in the world were Fords. Meanwhile, Alexander Winton’s company kept building custom cars, made-to-order. He just couldn’t compete with Ford’s Model T, and had to shut down. Despite having over 100 patents on automobile technology, few today have ever heard of Alexander Winton. You need a foundation How did Henry Ford create such an incredible car, that sold in such incredible quantities? He built a rock-solid foundation. Over and over, he rejected the mere illusion of progress to scrap everything and start over. As a creator, you may feel as if you’re getting nowhere. You’re starting projects, but not finishing them. The ones you do finish are failing. You’re throwing iterations in the fire, like Radclyffe Hall. From recent episodes, you know creative waste is part of the process. You’re
Released:
Oct 14, 2021
Format:
Podcast episode

Titles in the series (100)

Reconnect with the most powerful fuel of all – the fuel of loving your work. Best-selling author and award-winning designer David Kadavy helps you make it as a creative entrepreneur. Find your creative voice, cultivate the mindset you need to succeed, and be the first to capitalize on new opportunities to make a living making your art. Every Thursday, David presents either a guest or his own learnings from his decade-plus career as a creative entrepreneur. Hear from titans of industry like former AOL CEO Steve Case. Hear from best-selling authors like Seth Godin and James Altucher. Hear from scientists, creators from dancers to a chef to a Hollywood set designer, and visionaries on the cutting edge of creative monetization – whether that's self publishing or blockchain technology. Find out why Wall Street Journal best-selling author Jeff Goins says, "David is an underrated writer and thinker. In an age of instant publication, he puts time, effort and great thought into the content and work he shares with the world." Find out why Basecamp CEO Jason Fried says David has "really good, deep questions, and original questions." Subscribe to Love Your Work today so you never miss a dose of the inspiration and motivation you need to unleash the creator you already know you are, deep inside.