John Henry Patterson

Date of Birth: December 13, 1844

Zodiac Sign: Sagittarius

Date of Death: May 7, 1922

Biography

John Henry Patterson was an influential American businessman and the founder of the National Cash Register Company (NCR). Born in Dayton, Ohio, he revolutionized the way businesses handled transactions and significantly impacted the development of early business machinery. Patterson began his career in retail and quickly recognized the inefficiencies in transaction recording, which inspired him to invest in and improve upon the cash register. His innovative spirit and keen business acumen led NCR to become a dominant force in the business equipment industry. Patterson was also known for implementing progressive employee welfare programs, which were ahead of their time.

5 Interesting Facts about John Henry Patterson

1. John Henry Patterson is credited with pioneering modern sales techniques and rigorous training programs for his salesforce.

2. He introduced the first comprehensive employee welfare program in the U.S., which included healthcare, housing, and recreational facilities for his workers.

3. Patterson was an avid supporter of the arts and education, contributing substantial amounts to various causes and institutions.

4. He survived the 1913 Dayton flood and played a crucial role in the city’s recovery efforts.

5. Patterson’s innovative business practices laid the groundwork for modern corporate culture and management strategies.

5 Most Interesting Quotes from John Henry Patterson

1. “A well-trained sales force is the greatest asset you can possess.”

2. “Success is the result of hard work, learning from failure, loyalty, and persistence.”

3. “The greatest thing in this world is not so much where we stand, as in what direction we are moving.”

4. “Be not afraid of growing slowly, be afraid only of standing still.”

5. “The best way to predict the future is to create it.”

Highest Net Worth Achieved

At the peak of his career, John Henry Patterson’s net worth was estimated to be around $50 million, which was a substantial fortune at the time.

Children

John Henry Patterson had four children: Frederick Beck Patterson, Jefferson Patterson, Dorothy Patterson, and Robert Patterson. His children were involved in various aspects of business and philanthropy, continuing his legacy in different ways.