Learn more about entrepreneurship with this collection
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Put Customers First
Walton always wondered what he could do to make the shopping better and easier for the customers.
- Costumers would need to go to different stores that were specialized for one product.
- 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
135 reads
MORE IDEAS ON THIS
“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
182 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 sha...
20
144 reads
"Keep everybody guessing as to what your next trick is going to be. Don’t become too predictable."
SAM WALTON
24
197 reads
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 suc...
24
284 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
193 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
166 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 c...
24
185 reads
“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
22
246 reads
CURATED FROM
CURATED BY
"A good idea should be like a girl's skirt; long enough to cover the subject and short enough to create interest."
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….
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