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How Sam Walton Built the Largest Company in the World

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Brief History and early Beginning

Sam Walton has had a huge impact on the average American. His influence was absolutely huge as he was the founder of Walmart and Sam’s Club. Walmart is one of the most popular stores in America and it has grown into the world’s largest corporation by revenue and is also the biggest employer in the world. Sam Walton was such an influence on America, and due to this at one point in time, Sam Walton was the richest person in the US. Sam Walton was born in Oklahoma on March 29th, 1918. Sam Walton lived on the farm until his parents moved five years after his birth. Times were very difficult and farming didn’t provide a stable income for his parents to raise their family. Things were about to get even tougher as the great depression affected many families negatively in America. A young Sam Walton had to do his part in helping the family out. GHis responsibility at the time was milf the cow and then deliver milk to local customers. Not only that he would also deliver newsletters on a paper route. He attended David. H. Hickman High School and then attended the University of Missouri. During his time at University, he also had a job as a waiter to earn some extra money while studying. In 1940 he graduated from the university with a degree in economics. After graduating from University he became a management trainee at C.J Penney. He was paid $75 per month and he stays in this job for 18 months gaining more valuable job experience.

Career

Sam Walton had a stint in the military before officially beginning his career. Sam Walton was 26 when he took over management. Sam Walton had help from his father as he gave him a $20,000 dollar loan to help get the company of the floor. Sam Walton was a visionary and many things he did at the time are things stores in the future have taken and used. There was great profit from the stores as in three years sales went from $80,000 to $225,000 dollars. Despite his early was brilliant. However, his first Walmart store was opened on July 2, 1962. Sam Walmart’s desire was to effectively market American-made products to the customers. He wanted American products to rival foreign competition. The company was officially known as Walmart Inc on October 31, 1969. In the year of 1969, the company made $44.2 million dollars. The company only continued to get better and better. By the time 1987 reached, the company had managed to have 1,198 stores around the country and had sales of $15.9 billion dollars. In 1988 Sam Walton stepped down as CEO and the role was handed to David Glass. Walmart would sell all kinds of products for the American people. Walmart would sell food, fitness products, technology, and many other things. The company began to play a major part in the American lifestyle.

Personal Life and Death

Sam Walton was married to Helen Robson and they got married in 1943 and he had four children. They were called Alice Walton, Jim Walton, John T Walton, and Samuel Robson Walton. Samuel Robson Walton is the current owner of Walmart. Sam Walton died on April 5th, 1992 at the age of 74, at the time of his death he had a net worth of $8.6 billion dollars. He died due to multiple myeloma, which is cancer for the blood.

Sam Walton Quotes

“We couldn’t care less about what is forecast or what the market says we ought to do. If we listened very seriously to that sort of stuff, we never would have gone into small-town discounting in the first place.”

“When somebody made a mistake – whether it was myself or anybody else – we talked about it, admitted it, tried to figure out how to correct it, and then moved on to the next day’s work.”

“You can make a positive out of the most negative if you work at it hard enough.”

“I learned a long time ago that exercising your ego in public is definitely not the way to build an effective organization.”

“Loosen up, and everybody around you will loosen up.”

“One person seeking glory doesn’t accomplish very much.”

“High expectations are the key to everything.”

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