Undoubtedly, one cannot but agree with the opinion of Rockefeller. Indeed, the risk and money invested in a certain business are aimed at a systematic profit, the value of which depends on the invested forces and materials. Invest more - get even more.

The investment of capital in order to make a profit, as everyone knows, is called an investment. A successful investment leads to great profits, so it is worth taking risks for the sake of your business. In the case of small investments, the profit will be just as small and will not cause either material or moral satisfaction. If the demand for a company's product or service decreases, together with small investments, this will lead to a crisis and bankruptcy.

You can also cite the Pontiac car, the car of American youth, as an example. After reducing the cost of manufacturing a car, the company went bankrupt.

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Thus, we can conclude that John Davison Rockefeller was absolutely right. Indeed, costs are an indispensable factor in any entrepreneurial activity and the future of the whole company depends on it

The author of this statement argues that one should not be afraid of large investments, one should be afraid of small profits. J. Rockefeller, the famous banker and entrepreneur, raises an important problem - the development of entrepreneurship and the rational distribution of costs and income in this field of activity. This problem is relevant both for our country and for all modern world. I agree with the author's statement.

As you know, entrepreneurial activity is an activity aimed at making a profit from the production and sale of goods, the provision of services. Moreover, profit is the positive difference between expenses and income. Of course, investing large amounts of money in your business is a huge risk, the entrepreneur must “work them out” as best as possible so that there is no negative profit. It is the low income from the enterprise that can become an indicator of unprofitability and lead to its bankruptcy.

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Teachers of leading schools and current experts of the Ministry of Education of the Russian Federation.

There are many examples in history when large expenses led to the prosperity of the entrepreneur, and subsequently to the prosperity of the country as a whole. In the 17th century, the famous Russian businessman A. Demidov lived in Russia, who was not afraid to invest huge funds in the development of the mining industry in the Urals. The correct distribution of finances allowed him to raise the mining industry in Russia to a new level.

In conditions modern economy Russia also finds confirmation of the words of J. Rockefeller. According to media reports, in the 1990s, the number of bankrupt enterprises in Russia increased sharply. One of the reasons for this process was a catastrophic reduction in the cost of modernization and development of enterprises, which led to a decrease in profits.

Summing up common feature, I would like to note that the famous banker and billionaire J. Rockefeller is right.

Updated: 2018-02-20

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Motivating quotes from John D. Rockefeller - the first billionaire in history "> Motivating quotes from John D. Rockefeller - the first billionaire in history" alt="(!LANG: Don't be afraid of big expenses, you should be afraid of small incomes. Motivational quotes by John D. Rockefeller - the first billionaire in history!}">

On September 29, 1916, John Rockefeller, founder of the Standard Oil Company, was named the world's first dollar billionaire. An entrepreneur whose name is strongly associated with wealth and success is still considered richest man who ever lived on earth, because in terms of today's exchange rate, his fortune exceeds 300 billion dollars. Today, Babr shares with his readers some of the rules and principles of life that allowed Rockefeller to achieve such results. These quotes are very motivating, especially if you are reading this post on a Monday.

I have always tried to turn any disaster into new opportunity.

Do not be afraid of big expenses, you should be afraid of small incomes.

Whoever works all day has no time to earn money.

Your well-being depends on your own decisions.

My duty is to earn a lot of money, and more more money to use the money I have earned for the benefit of my compatriots according to the dictates of my conscience.

If your only goal is to become rich, you will never achieve it.

I don't know anything more despicable and pathetic than a man who devotes all his time to making money for the sake of money itself.

Friendship based on business is better than business based on friendship.

Do you know what gives me the greatest pleasure? See how dividends come from my efforts.

It's not enough to just do the right thing, the most important thing is to let people know that you're doing the right thing.

I'd rather hire someone with enthusiasm than someone who knows everything.

Good management is to show ordinary people how to make excellent people work.

The ability to deal with people is a commodity that can be bought in the same way that we buy sugar or coffee. And I'll pay more for that skill than anything else in the world.

I don't think there is another quality that is so necessary for success of any kind as perseverance. Perseverance can overcome everything, even the laws of nature.

Through perseverance, anything, whether right or wrong, good or bad, will be achieved.

I never guessed who I would be in this life, but I always knew that I was born for something more.

Oil tycoon John Rockefeller shared the secrets of success

The name of the American entrepreneur, philanthropist, the first dollar billionaire in the history of mankind and oil tycoon John Rockefeller is known to everyone and is still considered a symbol of wealth.

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John earned his billions himself, starting from scratch, and achieved unprecedented success.

Today.ua has collected 20 rules that John Rockefeller followed to achieve such results.

1. Always try to turn any disaster into an opportunity.

2. Your well-being depends on your own decisions.

3. Don't be afraid of big expenses, be afraid of small incomes.

4. Whoever works all day has no time to earn money.

5. Do you know what gives you the greatest pleasure? See how dividends come from the invested efforts.

6. Don't be afraid to give up the good for the great.

7. Good management is about showing ordinary people how to do the work of excellent people.

8. The ability to deal with people is a commodity that can be bought in the same way that we buy sugar or coffee. And they will pay for this skill more than for anything else in the world.

9. If your only goal is to become rich, you will never achieve it.

10. There is no other quality so necessary for success of any kind as perseverance. Perseverance can overcome everything, even the laws of nature.

11. Through perseverance, anything - whether right or wrong, good or bad - will be achieved.

12. Friendship based on business is better than business based on friendship.

13. They would rather hire a person with enthusiasm than someone who knows everything.

14. Build a reputation and it will work for you.

15. It's not enough to just do the right thing, the main thing is to let people know that you are doing the right thing.

Photo: instagram/john.d.rockefeller

17. No one ever guesses who they will be in this life, but you should always know that you were born for something more.

18. I would rather earn income from 1% of the efforts of a hundred people than from 100% of my own efforts.

19. The first and foremost prerequisite for success in business is patience.

20. I have always tried to turn every failure into an opportunity.

Meanwhile, Mother Teresa believes that people lack love much more than bread. TOP 15 quotes of a great woman.

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The NBU amended the rules for accounting for income and expenses of Ukrainian banks

KYIV. November 30th. UNN. The National Bank of Ukraine adopted Resolution No. 827 dated November 26, 2015, according to which the procedure for reflecting information on income and expenses of banks in accounting is changed in accordance with the requirements of international financial reporting standards, reports UNN with reference to the press service of the NBU. Regulation No. 827 allows banks to independently determine the procedure for adjusting the accounting value of financial instruments.

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 John Rockefeller was born in New York, his father was a small merchant. The family soon moved to Pennsylvania.

 The mother of the future billionaire was a devout Protestant, and his father, on the contrary, liked to drink and often spent the money he earned in brothels. Rockefeller did not grow up like his father: he did not smoke, did not drink alcohol, was not fond of women and spent a lot of time in church services.

 At the age of 16, Rockefeller, without graduating from school, took a three-month accounting course and began to work. At the age of 18, he asked his father for a loan of a thousand dollars and opened his own business - a company that was engaged in transportation.

 By the age of 30, Rockefeller was already a millionaire. At the age of 30, he created his main enterprise - the oil company Standard Oil. There were no cars at that time, and industrial oil production was just beginning - the mineral was processed into kerosene for lamps.

 To motivate employees, Rockefeller at first decided to abandon wages, rewarding the team with Standard Oil shares. He believed that thanks to this, people would work more actively, because they would consider themselves part of the company. And their final income will depend on the success of the business.

 When Rockefeller got married, he already owned a large oil refinery. But the young family lived very modestly: in a small house that Rockefeller rented on the cheap.

 John Rockefeller had five children - four daughters and a son. The children were brought up in strictness: Rockefeller Jr., until the age of eight, walked in the old dresses of his older sisters, and when John decided to buy a bicycle for the children, his wife answered him: “Having one bicycle for four, they will learn to share with each other ...” True, the wife Rockefeller herself did not hesitate to walk in her own patched dresses.
 Rockefeller actively absorbed the companies of competitors, and by 1880 under the brand name "Standard Oil" 95% of American oil was extracted and processed.

 In 1890, the Sherman Act, the first antitrust law in the United States, went into effect. He forced Rockefeller to break Standard Oil into 34 small companies, but did not stop him from getting richer. In addition to oil production, the magnate at that time owned nine banks, six steel, sixteen railway and six shipping companies, as well as three orange groves.

 Rockefeller's working day began at 6 am and continued until 10 pm. Excessive workloads made the billionaire look older than his years: fallen eyelashes, bald patches, dry, wrinkled skin pulled tightly over the skull ...

 The billionaire was unpretentious in everyday life. Until the end of his life, his favorite treat was milk and cookies.

 Rockefeller donated about $500 million to charity during his lifetime. By the end of his life, he was worth $1.4 billion, and the purchasing power of the dollar was then much higher. If we translate this amount into modern dollars, we get a gigantic figure - about 340 billion. It turns out that Rockefeller was the richest man in history.

 Almost all major modern oil companies- Mobile, Exxon, Chevron - went from Standard Oil.

 Rockefeller paid church tithes all his life. In addition, the University of Chicago, Spelman College, Rockefeller University, the Museum of Modern Art, several monasteries, the Rockefeller Foundation, and the Rockefeller Institute for Medical Research were built with his money.

 Billionaire dies at 97. He claimed that he lived so long because he did not undermine his health with nightly revelry.

Don't be afraid to spend big. Be afraid of small incomes

Your well-being depends on your own decisions.

Whoever works all day has no time to earn money.

If your only goal is to become rich, you will never achieve it.

Friendship based on business is better than business based on friendship.

It's not enough to just do the right thing, the most important thing is to let people know that you're doing the right thing.

Good management is about showing the average people how to do the work of the excellent people.

Don't be afraid to give up the good for the great.

I would rather hire a person with enthusiasm than a person who knows everything.

I would rather earn income from 1% of the efforts of a hundred people than from 100% of my own efforts.

The ability to deal with people is a commodity that can be bought in the same way that we buy sugar or coffee. And I'll pay more for that skill than anything else in the world.

I don't think there is another quality that is so necessary for success as perseverance.

There is nothing more unpleasant than spending a lifetime on pleasure.

I never guessed who I would be in this life, but I always knew that I was born for something more.

I didn't want to raise capital. Making money was not my goal, I wanted to build a company.

If you want to succeed, you need to tread new paths.

Charity is harmful in all cases when it does not help its recipients to do without charity.

The secret to success is doing ordinary things extraordinarily well.

The way to make money is to buy when there is blood in the streets.

Focusing on one single goal is the most important condition for success.

To be happy, you need to take two steps. Find what interests you and what you can do well - and put your whole soul into it, every bit of your energy and abilities.