Life is made up of such contrasts. Every successful man, in whatever degree and in whatever line, has, at every step of his life, been on seemingly equal terms with hundreds of his fellows who, later, reached no such measure of success as he. Every miserable failure has had at some time as many chances, and at least as much possibility of cultivating the same qualities, as the successful people have had at some time in their lives.
Since humble birth and handicaps of every sort and degree have not prevented success in the determined man; since want has often spurred to needed action and obstacles but train to higher leaping, why should men fail? What causes the failures and half-successes that make up the generality of mankind?
The answer is manifold, but its lesson is plain. As one writer has expressed it, "Every mainspring of success is a mainspring of failure, when wound around the wrong way." Every opportunity for advancement, for climbing for success, is just as much an opportunity for failure. Every success quality can be turned to one's disadvantage through excessive development or wrong use. No matter how broad and strong the dike may be, if a little hole lets the water through, ruin and disaster are sure. Possession of almost all the success-qualities may be absolutely nullified by one or two faults or vices. Sometimes one or two masterful traits of character will carry a person to success, in spite of defects that are a serious clog.
The numerous failures who wish always to blame their misfortunes upon others, or upon external circumstances, find small comfort in statistics compiled by those who have investigated the subject. In analyzing the causes of business failure in a recent year Bradstreet's found that seven-tenths were due to faults of those failing, and only three-tenths to causes entirely beyond their control. Faults causing failure, with per cent. of failures caused by each, are given as follows: incompetence, 19 per cent.; inexperience, 7.8 per cent.; lack of capital, 30.3 per cent.; unwise granting of credit, 3.6 per cent.; speculation, 2.3 per cent. It may be explained that "lack of capital" really means attempting to do too much with inadequate capital. This is a purely commercial analysis of purely commercial success. Character delinquencies must be read between the lines.
Forty successful men were induced, not long ago, to answer in detail the question, "What, in your observation, are the chief causes of the failure in life of business or professional men?" The causes attributed by these representative men were as follows:
Bad habits; bad judgment; bad luck; bad associates; carelessness of details; constant assuming of unjustifiable risks; desire to become rich too fast; drinking; dishonest dealings; desire of retrenchment; dislike to say no at the proper time; disregard of the Golden Rule; drifting with the tide; expensive habits of life; extravagance: envy; failure to appreciate one's surroundings; failure to grasp one's opportunities; frequent changes from one business to another; fooling away of time in pursuit of a so-called good time, gambling; inattention; incompetent assistants; incompetency; indolence; jealousy. Lack of attention to business; of application; of adaptation; of ambition; of business methods; of capital; of conservatism; of close attention to business; of confidence in self; of careful accounting; of careful observation; of definite purpose; of discipline in early life; of discernment of character; of enterprise; of energy; of economy; of faithfulness; of faith in one's calling; of industry; of integrity; of judgment; of knowledge of business requirements; of manly character; of natural ability; of perseverance; of pure principles; of proper courtesy toward people; of purpose; of pluck; of promptness in meeting business engagements; of system. Late hours; living beyond one's income; leaving too much to one's employees; neglect of details; no inborn love for one's calling; over-confidence in the stability of existing conditions; procrastination; speculative mania; selfishness; self-indulgence in small vices; studying ease rather than vigilance; social demoralization; thoughtless marriages; trusting one's work to others; undesirable location; unwillingness to pay the price of success; unwillingness to bear early privations; waste; yielding too easily to discouragement.
Surely, here is material enough for a hundred sermons if one cared to preach them. Without attempting to discuss all these causes of failure, some few may be profitably examined.
No youth can hope to succeed who is timid, who lacks faith in himself, who has not the courage of his convictions, and who always seeks for certainty before he ventures. "Self-distrust is the cause of most of our failures," said one. "In the assurance of strength there is strength, and they are the weakest, however strong, who have no faith in themselves or their powers."
"The ruin which overtakes so many merchants," said another, "is due, not so much to their lack of business talent, as to their lack of business nerve. How many lovable persons we see in trade, endowed with brilliant capacities, but cursed with yielding dispositions—who are resolute in no business habits and fixed in no business principles—who are prone to follow the instincts of a weak good nature, against the ominous hints of a clear intelligence; now obliging this friend by indorsing an unsafe note, and then pleasing that neighbor by sharing his risk in a hopeless speculation, and who, after all the capital they have earned by their industry and sagacity has been sunk in benevolent attempts to assist blundering or plundering incapacity, are doomed, in their bankruptcy, to be the mark of bitter taunts from growling creditors and insolent pity from a gossiping public."
Scattering one's forces has killed many a man's success. Withdrawal of the best of yourself from the work to be done is sure to bring final disaster. Every particle of a man's energy, intellect, courage, and enthusiasm is needed to win success in one line. Draw off part of the supply of any one or all of these, and there is danger that what is left will not suffice. A little inattention to one's business at a critical point is quite sufficient to cause shipwreck. The pilot who pays attention to a pretty passenger is not likely to bring his ship to port. Attractive side issues, great schemes, and flattering promises of large rewards, too often lure the business or professional man from the safe path in which he may plod on to sure success. Many a man fails to become a great man, by splitting into several small ones, choosing to be a tolerable Jack-at-all-trades, rather than to be an unrivalled specialist.