ABSTRACT

This chapter examines the question of Co-Partnership on ordinary lines of Profit-Sharing in any business. The three sleeping partners are Habit, Inertia, and Imitation. There are three active partners namely: the Employee, the Public, and the Proprietor, generally speaking, in every business. The trader must so balance his ideals with practical business as to neglect neither. The successful trader is the man who has acquired best habits for his own particular business, and that is all that success means. Many customers would rather trust the trader's recommendation than their own power of selection. People do not like to deal with traders they have always to be watching. Millions upon millions of pounds sterling of turn-over are done entirely and solely on the character and reputation of traders for straightforwardness. Such traders will not recognize the fact that no man can attend to all the details of his own business, and know every point about even his own one business.