World history recognizes the incredible talent of American capitalist, John D. Rockefeller. He was respected by the huge amount of wealth created and his wealth-making motivation.
When there were only a few people in the world with millions of hands, Rockefeller had built a billion dollar fortune. And it took 40 years for the independent company Standard Oil to turn it from an anonymous business into a place with the highest revenue and profit in the world. So he was destined to be the oil king. In addition, he is also known as the richest of the richest.
There are so many lessons that we can learn from Rockefeller’s life, because his rich story is as fanciful as the fairy tale we often meet.
Coming from a poor family, studying without going to school and unable to keep the first love because of the family of the girls because of poverty. His life and career hit the bottom when he was young, but with incredible will and energy, he not only escaped but also rose to become a legend.
Here are the four business lessons from Rockefeller, a small slice of his life but the foundation bricks for career success.
When asked how not to lose himself when he was rich, powerful and famous, Rockefeller said, “Because you had a good start, you allowed yourself to be proud and lost the stable nature. Do not let money affect your people. Make sure your eyes are open to learning and don’t lose your balance. ”
He added, “I always have time to talk to myself and make sure this has greatly influenced my life. I used to be afraid when I thought that I could not stand the prosperity or doubts about success. So I had to try to draw the experience for myself not to be hyped with any stupid worries or ideas. ”
Confidence is good. But ambitious or overconfident is suicidal. Despite his extraordinary success, Rockefeller was always very humble. He never lost the simple nature of life and often refused to contact the media.
Make Your Goal Clearly
Rockefeller always set goals for himself and set up, building solidly when they were achieved. The reason he set his goal was to direct himself to positive thoughts and continue to move forward to achieve what was initially considered impossible.
When he started his career, there were hundreds of other entrepreneurs in the US starting with their own refineries. So his small business Standard Oil is just one of many other refineries in Cleveland.
Rockefeller knew that the only way to succeed in business and reduce competition from competitors was to acquire other companies. Like a snowball, Rockefeller took the company’s profits to buy other refineries.
His goal is to monopolize this business. It was this approach that led him to reduce his rival and expand the scale of Standard Oil.
Rockefeller is willing to take risks only to have a chance to conquer the world. But he only participated if the transaction had a high probability of winning.
The company Standarl Oil was originally founded by Rockefeller and the Clark brothers. But just taking the first steps in his career, he knew that a country could not have two kings, so he began the acquisition campaign. The first victim, his business partner, the Clark brothers.
Secretly acting, he works hard and concentrates his financial potential to accomplish his goal. At the age of 26, he bought the Clark brothers’ control over a large sum at the time: $ 72,000.
The boldness and assertiveness are characteristic of the oil king Rockefeller.
Work smart, don’t become its slave
If our hard work makes us skip the time to enjoy life and spend time with our family, that is an inefficient way of working. Rockefeller had never let himself be a slave to work or a model of hard work.
He always chooses a Sunday with his family, friends and relatives. Whatever the case, he cleverly suggested that every day of the week be fine, except on Sundays.
Like his biographer, Chernow explains: “Rockefeller works at a more leisurely pace than many other executives. He has a habit of taking an hour’s nap and often takes a nap after dinner. Once Rockefeller snore, even the president of the United States could not wake him up.
Rockefeller believes that concentration only comes when working smarter than working for hours continuously. When asked about his work habits, he said, “Not many of us achieve great things because of failure to focus on what needs to be done when the right time comes.”
Therefore, there will always be time to rest and pursue interests when we build the right way to work.