When young F. W. Woolworth was a store clerk, he tried to convince his boss to have a ten-cent sale to reduce inventory.

The boss agreed, and the idea was a resounding success. This inspired Woolworth to open his own store and price items at a nickel and a dime. He needed capital for such a venture, so he asked his boss to supply the capital for part interest in the store.

His boss turned him down flat. "The idea is too risky," he told Woolworth. "There are not enough items to sell for five and ten cents." Woolworth went ahead without his boss's backing, and he not only was successful in his first store, but eventually he owned a chain of F. W. Woolworth stores across the nation. Later, his former boss was heard to remark, "As far as I can figure out, every word I used to turn Woolworth down cost me about a million dollars."

Join Us To Receive Updates

kkonline

The Stanford Story

Created on 27 January 2011
The President of Harvard made a mistake by prejudging people and it cost him dearly.

A lady in a faded gingham dress and her husband, dressed in a homespun threadbare suit, stepped off the train in Boston, and walked timidly without an appointment into the president's outer office.

The secretary could tell in a moment that such backwoods, country hicks had no business at Harvard and probably didn't even deserve to be in Cambridge. She frowned. "We want to see the president," the man said softly. "He'll be busy all day," the secretary snapped. "We'll wait," the lady replied. For hours the secretary ignored them, hoping that the couple would finally become discouraged and go away. They didn't. And the secretary grew frustrated and finally decided to disturb the president, even though it was a chore she always regretted to do.

"Maybe if they just see you for a few minutes, they'll leave," she told him. And he sighed in exasperation and nodded. Someone of his importance obviously didn't have the time to spend with them, but he detested gingham dresses and homespun suits cluttering up his outer office.

The president, stern-faced with dignity, strutted toward the couple. The lady told him, "We had a son that attended Harvard for one year. He loved Harvard. He was happy here. But about a year ago he was accidentally killed. And my husband and I would like to erect a memorial to him, somewhere on campus." The president wasn't touched--he was shocked.

"Madam," he said gruffly, "We can't put up a statue for every person who attended Harvard and died. If we did, this place would look like a cemetery." "Oh, no," the lady explained quickly, "We don't want to erect a statue. We thought we would like to give a building to Harvard.

The president rolled his eyes. He glanced at the gingham dress and homespun suit, then exclaimed, "A building! Do you have any earthly idea how much a building costs? We have over seven and a half million dollars in the physical plant at Harvard."

For a moment the lady was silent. The president was pleased. He could get rid of them now. And the lady turned to her husband and said quietly, "Is that all it costs to start a University? Why don't we just start our own?" Her husband nodded. The president's face wilted in confusion and bewilderment.

And Mr. and Mrs. Leland Stanford walked away, traveling to Palo Alto, California where they established the University that bears their name, a memorial to a son that Harvard no longer cared about.

Simple Mistakes That Cost A Lot!
  • Xpressions
  • Menu
  • Inspiring Life
Bruises for life

The easiest way to your survival,Is to adapt yourself to the environment. Althou

You can handle

If God answers your prayer, He's increasing your faith;If he delays,He's increas

Holi

Wish you a very mastiful and colorful Holi

Have a challenge

If you have a challenge...Believe in yourself; Love yourself; Have Faith in your

Actions define us

For anything that I've ever done worthwhile,Initally scared me to death.Whether

Heaven And Hell

A holy man was having a conversation with the Lord one day and said, "Lord, I wo

Grandmother's Vase

Found at: Aspiring to GreatnessOne day I was lying on the bed, reading, when my

Acts Of Kindness

When William McKinley was President of the United States, he had to make a decis

The Useless Tree

When Tzu-ch'i of Nan-po was taking a stroll by the Hill of Shang, he spotted a g

Thunder And Lightning

A little girl walked daily to and from school. Though the weather that morning w

Search

Testimonials

Rahul Puri
2012-09-29, 01:59
I have been a member since long time and the messages which you share are just out of the world. I am a frequent visitor to the site. Keep up the good...
Manish Hirwani
2012-09-13, 22:31
insane images man.. love dem!!
Manu Chawla
2006-11-25, 13:17
hey kk
i don't know personally but i think u would be very nice, sensitive and emotional person.
u send very nice mails they r very touchy...