Frederick W. Smith attended Yale University and wrote a paper on the concept of overnight package delivery. Smiths professor did not agree with his futuristic possibility and only gave Smith a C for the paper.
How many times have we let someones opinion dissuade us from doing what we want to do? How many times have we given our power away by letting one persons opinion stop us from achieving our goals? Smith did not let his college professor stop him. After he was honorably discharged from the Marine Corps, Smith implemented his overnight package delivery service in 1971. The name of his business was Federal Express.
1. Smith never gave up on his passion for his concept for an unmet need
During Fed Exs first two years, the business lost $27 million and almost went bankrupt. Smith came close to losing $80 million that he raised from investors, including personal money from his brothers and sisters. Smith was able to renegotiate some loans.
Many of us have financial challenges. Smith was about to lose tens of millions of dollars that he raised to implement his passion for an unmet need: overnight package delivery. Smith knew he was able to answer the...
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