Published online by Cambridge University Press: 24 July 2012
What does it take to be successful in business? In the letter printed below, a doctor advised a brother who contemplated entering trade in a certain small Massachusetts town in the year 1807. In spite of its quaint tone, the letter raises interesting questions. Is the doctor's analysis of the situation essentially sound? What do you think of the qualifications he lists for success in trade in this instance? Does this simple consideration of the question have meaning for other times and business situations?
1 The original is in the manuscript collection of Baker Library, Harvard University.