Sam Walton & Smart Business

Sam Walton & Smart Business

“Ours is a story about the kinds of traditional principles that made America great in the first place. It’s a 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. It’s a story about believing in your idea even when some other folks don’t, and about sticking to your guns.” -Sam Walton

Sam Walton didn’t start out trying to create a mega-business. He just wanted to offer his friends and neighbors a good deal on their everyday needs. Fast forward 70 years, and they gross half a trillion dollars a year in revenue. That’s vastly more than most nations.

One company produces half a trillion in revenue. All of Africa combined produces 3 trillion!

There’s something telling as you walk through Walmart’s museum in Bentonville, AR. They set out to help people. Then they got the best people on the team with the right attitudes and grew it steadily and consistently.

A few smart moves acquiring a brand here and there and they began to explode. Up until his last breathe, Walton wasn’t trying to become rich, he was trying to help the next person in line.

2.3 million jobs directly given in their company. Not to mention the millions of ripple effect jobs with all of Walmart’s partners and suppliers.

Say what you like about the Walmart of today. But their original founder knew something about what it took to start and grow a good quality business.

(photo via walmart)