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’ backing, and he not only was successful in his first store, but eventually he owned a chain of F. W. Woolworth stores across America.
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Sir Peter Alexander Ustinov was a British actor, writer and dramatist. At an annual prize distribution day in a London school, the headmaster proudly announced the high percentage of students who had excelled, and said that all except two boys had passed the examination. Ustinov, who was the Chief Guest at function, declared in his speech: “I do not have a single qualification to my name, and the world has a great need for unqualified people. I’m drawn to the two who didn’t pass as I am drawn towards any minority. Had I been a member of the school, the number would almost certainly have been three. All those who don’t reach the heights in life still have a value in this world.”
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