43 Motivational Quotes By Sam Walton That Will Guide Your Entrepreneurial Spirit
Samuel Moore Walton was a renowned American entrepreneur and the founder of iconic retail chains, Wal-Mart and Sam’s Club. Walton is regarded as one of the most iconic business magnates of all time for his contributions towards a range of innovations in the retail industry and the way he made large departmental store chains a common phenomenon. After having opened retail outlets since the time he was in his 20s, Walton opened the first Wal-Mart in 1962 and he never looked back then. His efforts as a capitalist also won him the ‘Presidential Medal of Freedom’ in 1992 and ‘TIME Magazine’ had also named him among the most influential people of the 20th century. Walton grew to be among the richest persons in the United States and was ranked by ‘Forbes Magazine’ as the richest person in the country during the 1980s. Walton was not only a rich and successful entrepreneur but a philanthropist who supported a number of charitable causes. During his high-profile public life and business endeavors, he delivered many lectures, gave interviews where Walton shared his thoughts and insights on a varied range of issues. We bring to you a compilation of quotes and sayings by Sam Walton on leadership, risk, customers, mistakes, fate, hard work, self-belief and more.
Outstanding leaders go out of their way to boost the self esteem of their personnel. If people believe in themselves it s amazing what they can accomplish.
There is only one boss. The customer. And he can fire everybody in the company from the chairman on down, simply by spending his money somewhere else.
We're all working together; that's the secret.
Celebrate your successes. Find some humor in your failures.
Swim upstream. Go the other way. Ignore the conventional wisdom.
The way management treats associates is exactly how the associates will treat the customers.
The key to success is to get out into the store and listen to what the associates have to say.
If everybody is doing it one way, there's a good chance you can find your niche by going exactly in the opposite direction.
I learned this early on in the variety business: You've got to give folks responsibility, you've got to trust them, and then you've got to check on them.
Control your expenses better than your competition. This is where you can always find the competitive advantage.
I probably have traveled and walked into more variety stores than anybody in America.
We let folks know we're interested in them and that they're vital to us. cause they are.
Each Wal-Mart store should reflect the values of its customers and support the vision they hold for their community.
Capital isn't scarce; vision is.
All of us profit from being corrected - if we're corrected in a positive way.
All that hullabaloo about somebody's net worth is just stupid, and it's made my life a lot more complex and difficult.
What am I supposed to haul my dogs around in, a Rolls-Royce?
I don't know what would have happened to Wal-Mart if we had laid low and never stirred up the competition. My guess is that we would have remained a strictly regional operator.
You can make a lot of mistakes and still recover if you run an efficient operation. Or you can be brilliant and still go out of business if you're too inefficient.
If you love your work, you'll be out there every day trying to do it the best you possibly can, and pretty soon everybody around will catch the passion from you - like a fever.
Maybe I was born to be a merchant, maybe it was fate. I don't know about that. But I know this for sure: I loved retail from the very beginning.
Appreciate everything your associates do for the business.
Exceed your customer's expectations. If you do, they'll come back over and over. Give them what they want - and a little more.
I have always been driven to buck the system, to innovate, to take things beyond where they've been.
I've never been one to dwell on reverses.
In the beginning, I was so chintzy I really didn't pay my employees well.
High expectations are the key to everything.
Loosen up, and everybody around you will loosen up.
Sam Walton: I had to pick myself up and get on with it, do it all over again, only even better this time.
Outstanding leaders go out of their way to boost the self-esteem of their personnel. If people believe in themselves, it’s amazing what they can accomplish.
