Sam Walton Business Advice And Oath Every Entrepreneur Who Wants to Succeed in BusinessMust Take

Category: ENTREPRENEURSHIP Published: Saturday, 06 October 2018 Written by Life Coach Efosa Emovon Print
 
Entrepreneurship


 

 

Sam Moore Walton was a leading American entrepreneur who used the $25.000 loan given to him by his father-in-law to build the biggest retail company in the world. In fact, his retail stores Wal-Mart stores Inc. is today, the world’s largest corporation by revenue as well as the biggest private employer in the world.

Sam Walton was so successful in business in his time that he was named the richest man in American by Forbes magazine in 1985. Even when American was mired in a devastating economic downturn in 1991, Walton’s stores proved successful.

Any wonder he was honored by President H.W. Bush with Presidential Medal of Freedom a year before his death in 1991.

Of course, there is a lot to learn from this great business mind that once walked on the face of the earth. If you wish to succeed faster as an entrepreneur or as an aspiring one, then you must take the Sam Walton’s oath, and meditate on his business advice.

Let’s hear Mr. Walton!

“I don’t think any other retail company in the world could do what I’ m going to propose to you. It is simple. It won’t cost us anything. And I believe it would just work magic, absolute magic on our customers, and our sales would escalate, and I think we would just shoot past our Kmart Friends in a year or two and probably Sears.

I want you to take a pledge with me. I want you to promise that whenever you come within ten feet of a customer, you will look him in the eye, greet him, and ask him if you can help him. Now I know some of you are just naturally shy, and maybe don’t want to bother folks.

But if you will go along with me on this, it would, I am sure, help you become a leader. It would help your personality develop, you would become more outgoing, and in time you might become a manager, or whatever you choose to be in the company.

It will do wonders for you. I guarantee it. Now I want you to raise your right hand –and remember what we say at Wal-Mart, that a promise we make is a promise we keep-and I want you to repeat after me:

Dear esteemed reader please gets ready to take the Same Walton’s oaths.

Before you take it, it is important to promise yourself to keep to it because keeping to it will help you succeed in the business world faster than you thought possible.

Mr. Walton is set; so let go:

“From this day forward, I solemnly promise and declare that every time a customer comes within ten feet of me, I will smile, look him in the eye, and greet him. So help me Sam.”

 

Sam Walton Business Advice

. “For my whole career in retail, I have stuck by one guiding principle. It’s a simple one, and I have repeated it over in this book until I am sure you are sick to death of it. But I am going to say it again anyway: the secret of successful retailing is to give your customers what they want.”

. “Every time Wal-Mart spends one dollar foolishly, it comes right out of our customers’ pockets. Every time we save them a dollar, that puts us one more step ahead of the competition-which is where we always plan to be.”

As an old time small town merchant, I can tell you that nobody has more love for the heyday of the small town retailing era than I do. That is one of the reasons we chose to put our little Wal-Mart museum on the square in Bentonville.

“If we had gotten smug about our early success, and said, “Well, we are the best merchant in town, and just kept doing everything exactly the way we were doing it, somebody else would have come along and given our customers what they wanted and we would be out of business today.”

. “We used to get in some terrific fights. You have to be just tough as they are. You can’t let them get by with anything because they are going to take care of themselves, and your job is to take care of the customers.”

. “Watson, Sr, was running IBM, He decided they would never more than four layers from the chairman of the board to the lowest level in the company. That may have been one of the greatest single reasons why IBM was successful.”

. “What’s really worried me over the years is not our stock price, but that we might someday fail to take care of our associates. I also was worried that we might lose the team concept, or fail to keep the family concept viable and realistic and meaningful to our folks as we grow. Those challenges are more real than somebody’s theory that we are headed down the wrong path.”

 

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