Rockefeller's obsession with accounting

Author

Orlundo Hubbard
April 03, 2023

Obsession is a word that really gets a bad rep in our society.

But, everyone is obsessed with something.

A healthy obsession can be good.

John D. Rockefeller had a healthy obsession with accounting (probably one of the reasons he became so wealthy).

Rockefeller's obsession with accounting began early in his career when he worked as a clerk in a small production firm.

He quickly realized that the key to success in business was not just hard work, but also accurate record-keeping and financial management.

As he built his oil empire, Rockefeller became increasingly focused on accounting and financial management.

He introduced a system of rigorous accounting practices that enabled him to track every penny of his business operations.

This system allowed him to make informed decisions about where to invest his money and which businesses to acquire.

Rockefeller was known for his attention to detail and his ability to spot financial discrepancies.

He would spend hours poring over financial records and analyzing every aspect of his business operations.

His obsession with accounting was so great that he even created his own accounting system, which he called the "ledger system".

Rockefeller's obsession with accounting paid off in a big way. His meticulous financial management helped him to build an oil empire that made him one of the wealthiest men in history.

His success was a testament to the power of accounting and financial management in business.

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