Sam Walton, Made in America - Deepstash
Sam Walton, Made in America

Prince Rahul's Key Ideas from Sam Walton, Made in America
by Sam Walton

Ideas, facts & insights covering these topics:

12 ideas

·

2.28K reads

19

Explore the World's Best Ideas

Join today and uncover 100+ curated journeys from 50+ topics. Unlock access to our mobile app with extensive features.

10 Rules To Build A Successful Business

  • Commit to your business
  • Share your profits with all your associates, and treat them as partners
  • Motivate your partners
  • Communicate everything you possibly can to your partners
  • Appreciate everything your associates do for the business
  • Celebrate your success
  • Listen to everyone in your company
  • Exceed your customers’ expectations
  • Control your expenses better than your competition
  • Swim upstream

24

291 reads

SAM WALTON

“Ignore the conventional wisdom.

If everybody else is doing it one way, there's a good chance you can find your niche by going in exactly the opposite direction."

SAM WALTON

23

253 reads

A Lifelong Learner

Walton was a lifelong learner who applied everything he learned to his advantage. He was also an experimenter unafraid to try new ideas and discard them if they didn’t work. Ultimately, he had a single driving goal for all his stores: to make every single customer as happy as possible.

23

197 reads

Sam Walton Personality

  • Frugality
  • Continuous improvement
  • Start & fix along the way
  • Prioritize
  • Try new things
  • Think long term
  • Life is unfair
  • Money is not the prime motivator
  • Lower your prices to sell more
  • Learning to value a dollar
  • You can learn from everybody

24

188 reads

SAM WALTON

“High expectations are the key to everything.” 

SAM WALTON

21

192 reads

SAM WALTON

 "Keep everybody guessing as to what your next trick is going to be. Don’t become too predictable."

SAM WALTON

24

202 reads

Walmart

  • In 1945 Sam Walton opened his first discount shop.
  • And he took ideas from all over the places. Especially from his competitors.
  • In a way, Walmart was another experiment for Sam. Would shoppers shop strictly because of the lower prices?
  • It turned out, they would.

19

169 reads

Put Customers First

Walton always wondered what he could do to make the shopping better and easier for the customers.

  1. Costumers would need to go to different stores that were specialized for one product.
  2. They’d need to find parking each time, and all stores would close early.

He answered with bigger, one-stop stores, long opening hours, free and abundant parking and lower prices.

23

138 reads

SAM WALTON

“We take the best ideas from someone else."

SAM WALTON

21

157 reads

Employees’ (Mis)Treatment

  • But initially, he didn’t put employees first.
  • In England, he saw a store that would list its employees as “associates”.
  • He treated his employees well, they’d treat his customers well.
  • He decided then to call his employees associates and he started a cash and stock sharing so that all employees could take part in Walmart’s success.

20

147 reads

SAM WALTON

"Celebrate your success and find humor in your failures."

SAM WALTON

23

166 reads

SAM WALTON

“There are only four things in life that matter.

The first is happiness and I’ll sell you the other three for a dollar."

SAM WALTON

19

185 reads

IDEAS CURATED BY

prince_rahul

The more one seeks to rise into height and light, the more vigorously do ones roots struggle earthward, downward, into the dark, the deep — into evil.

CURATOR'S NOTE

The Walmart story about entrepreneurship, and risk, and hard work, and knowing where you want to go and being willing to do what it takes to get there. And it's a story about believing in your idea even when maybe some other folks don't….

Prince Rahul's ideas are part of this journey:

How to properly read a book

Learn more about entrepreneurship with this collection

How to synthesize information from multiple books

How to analyze a book

How to set reading goals

Related collections

Discover Key Ideas from Books on Similar Topics

Steve Jobs

6 ideas

Steve Jobs

Walter Isaacson

Crush It!

7 ideas

Crush It!

Gary Vaynerchuk

Steve Jobs

1 idea

Steve Jobs

Walter Isaacson

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates