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Expenses should never exceed one percent of our purchases.

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
Purchases
Exceed
Expenses
Percent
Never

More quotes by Sam Walton

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Money and ownership alone aren't enough. Set high goals, encourage competition, and then keep score.
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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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Most everything I've done I've copied from somebody else.
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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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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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Do it. Try it. Fix it.
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There's absolutely no limit to what plain, ordinary, working people can accomplish if they're given the opportunity and encouragement to do their best.
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Communicate everything you can to your associates. The more they know, the more they care. Once they care, there is no stopping them.
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We let folks know we're interested in them and that they're vital to us. cause they are.
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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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Individuals don't win in business, teams do.
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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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...You can make a positive out of most any negative if you work at it hard enough.
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Swim upstream. Go the other way. Ignore the conventional wisdom.
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Don't get so stuck in your ways that you can't change.
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The goal as a company is to have customer service that is not just the best, but legendary.
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I had to get up everyday with my mind set on improving something.
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High expectations is the key to everything.
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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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Focus on something the customer wants, and then deliver it.
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