| There has probably been no great accountant | | | | Anyone who says that bean counters do not |
| turned entrepreneur then Capitalist then | | | | have a valuable skill set is an entrepreneur which |
| Rockefeller who used his accounting skills to take | | | | is not worth their salt. This should be a lesson to |
| over the entire Oil Industry back in the day. He | | | | anyone the importance of good books, so you |
| kept immaculate books and started out as a | | | | know where you are at, at all times. It is wise for |
| promising young accountant. | | | | future business leaders and MBA students to pay |
| When he noticed competitors he would often ask | | | | extra careful attention to the accounting classes. |
| them to join him and show him his books and | | | | If you do there are huge rewards and payoffs in |
| costs. Why they were simply blown away and | | | | your future. |
| they knew they could not compete with his low | | | | Those who criticize bean counters, CFOs, CPAs |
| costs and so they either merged or sold out to | | | | and accountants have some hard knocks and real |
| the young Rockefeller. | | | | world challenges ahead of them; most likely they |
| This strategy of acquisition continued for decades | | | | will learn what I just told you the hard way. I |
| and Standard Oil was the resultant. In fact it got | | | | certainly hope this article is of interest and that is |
| so big that Rockefeller could even set his own | | | | has propelled thought. The goal is simple; to help |
| costs for the railroad and squeeze the little guys | | | | you in your quest to be the best in 2007. I thank |
| with his powerful strength using the his railroad | | | | you for reading my many articles on diverse |
| vendors. | | | | subjects, which interest you. |