Sam Walton was born in 1918, his father was a person who had to evict people from their farms.
Sam developed an easy, out-going kid, since he moved from town to town.
He played almost every sport, and was the captain of a football team.
He then went to the University of Missouri and developed a paper route.
He promised himself that he would never work for anyone other than anyone but himself.
He quit JC Penny to join the army but failed the physical exam.
Sam married in 1943, and the next year they had their first son Rob.
Sam hired is brother Bud as the assistant manager to his store.
Sam then moved to Bentonville, Arkansas
The Waltons now had 4 kids; 3 boys and 1 girl.
Sam then expanded to Fayetteville, Arkansas
In over 10 years he aquired 16 stores in the south.
He then bought controlling ownership in the Bentonville Bank
During Black Monday Sam Walton lost 1.5 billion dollars but merely shrugged it off.
Summary: Sam's main quality of business was that try to keep prices as cheap as you can but still be able to turn a profit. I believe Sam's mentor was his father who taught how to be cheap and also his wife Helen. She taught him to give back to the comapy employees. Also JC Penny helped Sam out a bit by teaching how to make more with less. I believe he got his passion from his father whe nhe went around with him to evict farmer from their farms. The key learning from Sam Walton is to make sure your employees are always happy because they are the ones who make your business run and another key learning always stay true to yourself and others and dont take anything for granted.
No comments:
Post a Comment