Edison’s entrepreneurial story, Edison was not only an inventor, but also a great entrepreneur. He realized early on that technology alone was not enough to achieve commercial success, so he has been committed to inventing product projects that can be commercially developed. , These two major moves prove that he is an entrepreneur, not a simple inventor. First, Edison pursued systematic solutions from the beginning. The second big step is to form a team of inventors. , Edison’s identity as a great entrepreneur is always ignored by people. In fact, Edison was the most successful inventor and entrepreneur in more than two hundred years of business history. , Entrepreneurship is a way of life. He loved to make small inventions since he was a child. After tinkering with various products, he finally got his own patent. He sold the patent to get the first money, and then invested in building factories. This was Edison's entrepreneurial trajectory. It can be seen from this that entrepreneurship is just a continuation of Edison's daily work. Edison did not regard it as a very important thing at all. To use the current popular vocabulary: entrepreneurship is a way of life. , Once, when the boss of Western Union was planning to purchase one of Edison's patents, he asked Edison how much money would be reasonable. Edison mustered up the courage to ask for 5,000 US dollars, but he felt that the amount was too large and did not have the courage to say exit. "How about $40,000, can you make a deal?" he asked Edison. , 40,000 US dollars, which was Edison's entrepreneurial capital. With this money, Edison opened a factory of his own in Newark. Edison claimed that he was not the kind of person who kept his money in a safe. He soon hired 50 workers to produce tickers and other instruments. The factory workers worked in two shifts, and he served as foreman. , After that, the business prospered, and Edison officially embarked on the long journey of entrepreneurship and began his great invention career. In this factory, Edison made inventions such as wax paper and mimeograph machines. From 1872 to 1875, Edison successively invented the double and quadruple telegraph machines... There was an endless stream of inventions and entrepreneurial ideas. In 1879, Edison founded the "Edison Electric Lighting Company". Within a year, incandescent lamps were put on the market. In September 1882, Edison launched the construction of the first electric lighting factory on Pearl Street, New York for the first time. Next came the experiment of electrified railways; Investment in cement production; in the following years, the invention of batteries, radio equipment, sound films, and the invention of various household appliances all took Edison's time and talent as an entrepreneurial master. , Technical Entrepreneur, Edison was not only an inventor, but also a great entrepreneur. He realized early on that technology alone was not enough to achieve commercial success, so he has been committed to inventing product projects that can be commercially developed. , These two major moves prove that he is an entrepreneur, not a simple inventor. , First, Edison pursued systematic solutions from the beginning. Edison was not the only person to invent the light bulb. British physicist Swann invented the light bulb. When Swann developed the vacuum carbon filament incandescent light bulb in 1850, Edison was just 3 years old. Swann made a practical light bulb and installed it in his home in January 1879. Edison's first successful test of the electric light was only in October of that year. Technically, Swann's light bulb was superior, so Edison purchased Swann's patent rights and used them in the production of his own light bulbs. , Edison didn't just consider technical requirements. When he began to consider glass covers, vacuum tubes, closures and luminous fibers, he had already identified a "system": his light bulb was designed for use by electric power companies. of. , Solving problems systematically is the characteristic of entrepreneurs. Edison raised the money and secured the wiring rights to light bulb customers so that his light bulb customers could enjoy electricity, and he also arranged a distribution system. As a result, Edison's incandescent light bulb quickly gained overwhelming global dominance. It can be said that scientist Swan invented a product and Edison created an industry. , The second major step is to form a team of inventors. , Edison was the founder of the Enterprise Research Institute. He created a modern scientific research and invention system, or an American-style innovation method.
It can be said that Edison was the greatest man in history who worked the hardest and slept the shortest amount of time. , At a banquet, an American minister asked several successful people: "What is the best weapon to overcome temptation?" Edison replied: "I have no experience in these things, and I can't even spare 5 minutes to think about it. Anything that is against morality or law. If I had to guess how to get young people away from all kinds of bad temptations, my answer is to find something to do and work hard, so that all kinds of temptations will be gone. There is no place for "Edison".