Sam Waltons 10 Rules of Business Success

Sam Walton was a visionary, He started in business owning a Ben Franklin Five-and-Dime shop and by following his beliefs founded an empire of well over 4000 stores. When he passed away in 1992 the family’s net worth was almost $25 Billion.

Sam had 10 simple rules to business which are very inspiring and helpful to entrepreneurs starting out:

Rule 1: Commit to your business.
Rule 2: Share your profits with all your associates, and treat them as partners.
Rule 3: Motivate your partners.
Rule 4: Communicate everything you possibly can to your partners.
Rule 5: Appreciate everything your associates do for the business.
Rule 6: Celebrate your success.
Rule 7: Listen to everyone in your company and figure out ways to get them talking.
Rule 8: Exceed your customer’s expectations.
Rule 9: Control your expenses better than your competition.
Rule 10: Swim upstream.

During this economic restructuring, these fundamentals apply more than ever as the Celtic Tiger gives way to the celtic cubs, who although not full ready for it are now responsible for taking over the leadership of the pack.

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