Some facts & philosophy by A. Lincoln

Discussion in 'General Discussion' started by 1952Sniper, Mar 8, 2003.

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  1. 1952Sniper

    1952Sniper New Member

    Aug 22, 2002
    *TFF Senior Staff*
    Posts: 715
    (2/13/03 12:11:51 am)
    Reply Some facts & philosophy by A. Lincoln
    Ran across this in the Sioux Falls Argus Leader...Thought it merited a post here.

    Lincoln's sage advice for business dealings apply 140 years later
    Rhonda Abrams

    published: 2/10/2003

    Here's a trivia question: Who's the only U.S. president to receive a patent?

    Answer: Abraham Lincoln.

    This month, we observe Presidents' Day - combining Lincoln's birthday, Feb. 12, with George Washington's, Feb. 22. Lincoln was much like entrepreneurs today:

    Self-made: He worked his way up from poverty, with less than one year of formal education.

    Retailer: He owned a small store, which quickly went out of business.

    Inventor: He received patent No. 6469 in 1849 for a device to lift riverboats over sandbars. It was never produced.

    Law practice: He had to deal with his partner, clients, competitors and billings.

    Repeated failure: In his first race for elected office, he came in eighth (out of 13) and failed repeatedly to get elected to the Senate.

    So, those of us in business can follow the Lincoln model:


    * "Always bear in mind that your own resolution to succeed is more important than any other one thing."

    * "You cannot fail, if you resolutely determine that you will not."


    * "When I am getting ready to reason with a man, I spend one-third of my time thinking about myself and what I am going to say and two-thirds about him and what he is going to say."

    * "We must not promise what we ought not, lest we be called on to perform what we cannot."

    Time management

    "Leave nothing for tomorrow which can be done today. Never let your correspondence fall behind. Whatever piece of business you have in hand, before stopping, do all the labor pertaining to it which can then be done."

    Fees and billing

    "An exorbitant fee should never be claimed. As a general rule, never take your whole fee in advance, nor any more than a small retainer. When fully paid beforehand, you are more than a common mortal if you can feel the same interest in the case. ... Settle the amount of fee and take a note in advance...and you are sure to do your work faithfully and well."


    "Discourage litigation. Persuade your neighbors to compromise whenever you can. Point out to them how the nominal winner is often a real loser - in fees, expenses, and waste of time."


    * "I will prepare and some day my chance will come."

    * "If I only had an hour to chop down a tree, I would spend the first 45 minutes sharpening my axe."


    * "If in your own judgment you cannot be an honest lawyer, resolve to be honest without being a lawyer."

    * "I have no desire to have God on my side. Rather, I want to do all that I can to be on His side."

    Wyoming Swede
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