Remembering President Lincoln’s Birthday Today

Prior to enactment of the Monday Holiday Act in 1968 creating Presidents Day, this date used to be a federal holiday (it’s still a legal holiday in about half a dozen states). For small business owners, it’s a good idea to remember Lincoln failed as an entrepreneur in 1833, but ultimately succeeded in life. My favorite quote which I like to remember each year on his birthday: “My great concern is not whether you have failed, but whether you are content with your failure.” This year I’m adding the following quote: “That some should be rich shows that others may become rich, and hence is just encouragement to industry and enterprise.”