The Eureka sentinel. [volume] (Eureka, Nev.) 1902-current, 1911-12-02
WITH THE BUSINESS DOCTOR
hoe Fulkerson Gives Out Some
Pointers In "Getting Start"
In Business

hshe ifom tue Iareb, small
matter when compared with a younp
mans hrst venture into business for
himself.
The usual subject in the debate is
whether 1t is best for him to 70 to some
small city and start In a small wav
growing up with the town, or to omen
up In his home city and depend ON his
friends or patrons of his former EN-.
ployer for support. A false move in
this respect may mean a lifetime of re-
grets.
mo wicked man who ever saw three
aces aud faint heart beaten by a stiff
backbone and busted flush will be-
lieve there is any hard and fast rule
governing success.
The young man just peeping over
the edge Of the nest for his first flv in
the business world has many things 70
consider. How about the money end
OF III Are you going to make the ven
ture on narrow margin Of capital ?
Have you family to supporr? These
questions have a bearing, because the
man who goes into small but growing
town will have longer to wait for his
business. and will make more money
In the long run. but he must have re.
serve enough to live on while he is
waiting. and II he has himself alone to
support. he can afford to wait longer.
THE man who starts business in a
city where he is known will have the
great advantage Of being able to do
some business from the first day be
opens his door. and the chances are
that he will be able to make his expenses
from the jump If he is not idiot enough
to put all his cash into stock and
fixtures.
The man who starts business in a
city where he has been employed in
the same line for several years will
have less to fear the first year than he
will the second. The first year he is
full OF enthusiasm and hustle. and his
friends and former patrons are working
for him all the time, but in a year their
enthusiasm has oozed out, and he him.
self is not on the jump like he was the
tirst year. and the business is likely to
run down. Then. IL he has based his
expenditures on his first years income.
he is liable to be caught with bundle
OF unpaid bills and come down some
IN orning to find fellow trying to find
crevice in the sidewalk to stick red
flag.
Il don't believe that half the young
men who have branched out for them
selves would have needed to leave their
old employers il they had worked as
hard for them as they are now working
for themselves. There is long, loud
wall going up all over this land for men
who are not merely time servers. but
men who will take a real interest in the
institution for which they are working.
and when men OF this sort are found you
30 not see them getting out into business
for themselves unless they are employed
Uy a mercantile myope. They are not
allowed to leave. The old firm can af-
ford to pay them more than they can
earn themselves ON the limited capital
they are able to invest. When he leaves
the old house he not only ceases to bring
Ia new trade, as was his wont, but he
also takes away some Of the old trade.
mo man who is much Of a man is
willing to remain forever as simply the
employee of some other fellow, and yet
il is a serious matter to give up the
certainty Of regular salary for the un.
certainty of business career for ones
self. To my mind the solution OF the
whole matter is the profit sharing idea.
To any man who has good employee
who contemplates leaving him, say
Don let him 60
"Offer him share of the profits. II
the old relations are pleasant, don't
break them. OF course, If there is
friction Of any sort. the sooner yon
separate the better for all parties con-
eerned.
"But il is q serious proposition for
two men who have been pleasantly as
sociated in business for years to sepa-
rate. and 1t is q wise move FOR ooth
employer and employe to get together
and talk the matter over. and see IL
some mutually satisfactory arrangement
cannot be made, and. to my mind' the
only one which is fair to both sides is
the profit-sharing plan. Let the en-
Move receive enough salary to support
him. and then. in addition. certain
mar cent of the profits Of the business,
60 be paid in lump sum at the end oi
the year. -
"This guarantees the employer 'na'
h;s amnlove will stay to the end OF tine