Walmart founder's simple belief in success

Sam Walton is the founder of Walmart. Born in 1918 in the town of Kingfisher, Oklahoma, he was a native countryman. He built a small grocery store into a powerful business empire in 50 years.

In 2002, the Walton family, which runs Wal-Mart Stores Inc., was the richest person in the world with a net worth of more than $70 billion.

As U.S. President George H.W. Bush said when awarding him the Presidential Medal of Freedom in 1992, "Sam Walton, a true American, embodies the entrepreneurial spirit and epitomizes the American dream."

Everyone wants to leave a legacy. Sam Walton's legacy is not just a legendary business figure, but a spiritual legacy. It is with his extraordinary mind and perseverance, the achievement of an immortal business model. Interpretation of success, faith.

Sam summed up his perseverance as follows:

Belief one: dedication.

Sam believes that "if you love your work, you will do the best you can every day, and soon everyone around you will catch that enthusiasm from you".

Belief # 2: All colleagues are partners, and partners share in your profits.

Only when colleagues see themselves as partners can they produce results beyond their wildest dreams.

Belief # 3: Inspire your partners.

Money and equity are not enough. Think of new and interesting ways to motivate your partners every day. For example, aim high, encourage competition, and differentiate at all times; Get managers to switch jobs to keep things challenging; Let everyone guess what your next strategy will be, but do not be guessed at once.

Belief Four: Open communication.

Talk to your partners as much as possible. The more they know, the more they understand, and the more they care. Intelligence is power, and the benefits of giving that power to your colleagues far outweigh the risks to your competitors.

Belief 5: Appreciate everything your co-workers do for the company.

Checks and shares may buy some loyalty. And there is no substitute for a few well-worded, well-timed and sincere words of gratitude. They cost nothing, but they are incredibly valuable.

Belief 6: Celebrate success and don't dwell on failure.

If you fail, you might as well put on a costume and sing a song, and everyone else will sing along. Come up with your own new gimmick whenever you can. All of this will be more important and interesting than you think, and it will confuse the opponent.

Belief 7: Listen to everyone in the company and open your mouth.

It's the people on the front lines who know what's going on. Try to find out what they know. In order for your organization to delegate responsibility and inspire constructive input, you must listen to everything your colleagues tell you.

Belief Eight: Do better than your customers expect.

If you do, they will become repeat customers. Deal with your mistakes properly. Apologize sincerely, don't make excuses. The customer is always right.

Belief # 9: Saving every penny for your customers can create new competitive advantages for you.

With efficient operations, you can make a lot of different mistakes and still bounce back. But if the operation is inefficient, then you may be successful for a while, and eventually fail.

Belief 10: Swim upstream, take a different path, and defy conventional wisdom.

If everyone is going down the same old path and you choose a different one, you have a great chance.

Plain and simple beliefs are easy to accept, but the real challenge is to hold on to and implement them in subtle ways over decades. The success of Wal-Mart is precisely the lack of many Chinese enterprises. Do business, the most need is this consistent spirit.