1. He is economical in his expenditure, always living within his income.
  1. He keeps a memorandum-book in his pocket, in which he notes every particular relative to appointments, addresses, and petty cash matters.
  1. He is cautious how he becomes security for any person; and is generous when urged by motives of humanity.

Let a man act strictly to these habits—ever remembering that he hath no profits by his pains whom Providence doth not prosper—and success will attend his efforts.

2598. Taking a Shop or Place of Business

If you are about to take a place of business, you will do well to consider the following remarks:

2599. Small Capitalists

Let us take the case of a person who has no intimate knowledge of any particular trade, but having a very small capital, is about to embark it in the exchange of commodities for cash, in order to obtain an honest livelihood thereby. It is clear, that unless such a person starts with proper precaution and judgment, the capital will be expended without adequate results; rent and taxes will accumulate, the stock will lie dead or become deteriorated, and loss and ruin must follow. For the last absorption acting upon a small capital will soon dry up its source; and we need not picture the trouble that will arise when the mainspring of a tradesman's success abides by him no more.