Notes/Excerpts:
- Learning something useful
- Let hope predominate, but be not too visionary
- the plan of “counting the chicken before they are hatched” is an error of ancient date, but it does not seem to improve by age
- Dont scatter your powers
- engage in one kind of business only, and stick to it faithfully until you succeed, or until your experience shows that you should abandon it.
- a constant hammering on one nail will generally drive it home at last, so that it can be clinched. when a man’s undivided attention is centered on one object, his mind will constantly be suggesting improvements of value, which would escape him if his brain was occupied by a dozen different subjects at once
- Be systematic
- by introducing system into all your transactions, doing one thing at a time, always meeting appointments with punctuality, you find leisure for pastime and recreation; whereas the man who only half does one thing, and then turns to something else, and half does that, will have his business at loose ends, and will never know when his day’s work is done , of it never will be done
- Read the newspapers
- Dont indorse without security
- the trouble is, this man is getting money too easily. he has only to take your note to the bank, get it discounted and take the cash. he gets money for being without effort; without inconvenience to himself –> not secure
- let people understand the value of money by earning it. when he does understand its value, then grease the wheels a little in helping him start his business, but remember, men who get money with too great facility cannot usually succeed
The Management Library 