What We Can Learn From J. Paul Getty

“If you insist on perfect certainty, you will never be able to make any decisions at all. You will simply paralyze yourself”

John Paul Getty could not have said it better.  Enjoy the post, John Paul Kelly

J. Paul Getty planned to enter the U.S. Diplomatic Service, but, when he got out of college, the Oklahoma oil boom caught his attention. Since his father had already prospered in the oil business, he was irresistibly attracted to the prospects of wildcatting, and he decided to postpone his diplomatic ambitions for two more years.

He worked on other wildcatter’s rigs and borrowed money from his father to raise money for oil speculation. His father only gave him small amounts of money and demanded prompt repayment.

J. Paul Getty spent his money frugally, and also saved money through haggling over prices.

At first his speculations did not go well, and a diplomatic career looked increasingly inviting. Then, early in 1916, he secured a bargain price of $500 on a lease and the well he sank produced 700 barrels a day. Suddenly, at the age of 23, he made a fortune.

Years later, journalists would ask him about his lucky beginning. They wondered how he knew that the well was so rich. He responded that he had gathered all the necessary geological facts from experts and the spot appeared to have been a good one.

“But,” he added, “ as for actually knowing what the outcome would be that was impossible. If there were a way to be a hundred percent sure where rich oil deposits are, nobody would ever sink a dry well.”

“Oil prospecting is like any other venture in life, from getting married to buying a car…there is always an element of chance, and you must be willing to live with that element.”

“If you insist on perfect certainty, you will never be able to make any decisions at all. You will simply paralyze yourself”

Saleem Rana got his masters in psychotherapy. His articles on the internet have inspired over ten thousand people from around the world. Discover how to create a remarkable life Copyright 2005 Saleem Rana. Please feel free to pass this article on to your friends, or use it in your ezine or newsletter. It’s a shareware article.

Article Source: http://www.leadershiparticles.net “What We Can Learn From J. Paul Getty.”

About Kelly Business Advisors, LLC

Early in his career John started-up and sold 7 years later a Moving and Storage Company in Milwaukee. He acquired and was President of Kelly Pickle Company f/k/a Bond Pickle Company, in Oconto, WI for 12 years. Built a monthly round-table networking group of manufactures in Oconto. Developed marketing plans, sales plans, products and implemented lean manufacturing practices with many North American companies. Worked with non-profits as both a front line leader and behind the scenes. He is active in his church, a member of the Green Bay Chamber of Commerce,Business Networkers International (BNI) and now is joining the Green Bay Downtown Rotary.

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