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I pay low wages. I can take advantage of that. We're going to be successful, but the basis is a very low-wage, low-benefit model of employment.

Sam Walton

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Sam Walton
Age: 74 †
Born: 1918
Born: March 29
Died: 1992
Died: April 5
Businessman
Businessperson
Economist
Entrepreneur
Kingfisher
Oklahoma
Samuel Moore Walton
Going
Lows
Wages
Models
Employment
Benefits
Employee
Advantage
Benefit
Pay
Greed
Successful
Model
Success
Basis
Take
Bases
Wage

More quotes by Sam Walton

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Great ideas come from everywhere if you just listen and look for them. You never know who's going to have a great idea.
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I think I overcame every single one of my personal shortcomings by the sheer passion I brought to my work. I don't know if you're born with this kind of passion, or if you can learn it. But I do know you need it.
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Nothing else can quite substitute for a few well-chosen, well-timed, sincere words of praise. They're absolutely free and worth a fortune
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One thing my and mother and dad shared completely was their approach to money - they just didn't spend it.
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Some families sell their stocks off a little bit at a time to live high, and then - boom - somebody takes them over, and it all goes down the drain.
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I'd hate to see any descendants of mine fall into the category of what I'd call 'idle rich' - a group I've never had much use for.
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I not only knew I wanted to go into retailing, I also knew I wanted to go into business for myself.
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Swim upstream. Go the other way. Ignore the conventional wisdom.
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We're all working together that's the secret. And we'll lower the cost of living for everyone, not just in America, but we'll give the world an opportunity to see what it's like to save and have a better lifestyle, a better life for all. We're proud of what we've accomplished we've just begun.
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Each Wal-Mart store should reflect the values of its customers and support the vision they hold for their community.
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A computer can tell you down to the dime what you've sold, but it can never tell you how much you could have sold.
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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.
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Somehow over the years people have gotten the impression that Wal-Mart was...just this great idea that turned into an overnight success. But...it was an outgrowth of everything we'd been doing since [1945]...And like most overnight successes, it was about twenty years in the making.
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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.
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Ignore the conventional wisdom. If everybody else is doing it one way, there’s a good chance you can find your niche by going in exactly the opposite direction.
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If one of our customers comes into the store without a smile, I'll give them one of mine.
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Information is power, and the gain you get from empowering your associates more than offsets the risk of informing your competitor.
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Leaders must always put their people before themselves. If you do that, your business will take care of itself.
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There are only four things in life that matter. The first is happiness and I'll sell you the other three for a dollar.
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Commit to your business. Believe in it more than anybody else.
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