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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.

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
Call
Category
Use
Idle
Hate
Categories
Fall
Group
Much
Mines
Never
Mine
Groups
Rich
Descendants

More quotes by Sam Walton

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I believe in always having goals, and always setting them high.
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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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I probably have traveled and walked into more variety stores than anybody in America. I am just trying to get ideas, any kind of ideas that will help our company. Most of us don't invent ideas. We take the best ideas from someone else.
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I had to get up everyday with my mind set on improving something.
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Commit to your business. Believe in it more than anybody else.
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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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Focus on something the customer wants, and then deliver it.
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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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Don't get so stuck in your ways that you can't change.
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The key to success is to get out into the store and listen to what the associates have to say. It's terribly important for everyone to get involved. Our best ideas come from clerks and stockboys.
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I think my constant fiddling and meddling with the status quo may have been one of my biggest contributions to the later success of Wal-Mart.
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Share your profits with all your associates, and treat them as partners. In turn, they will treat you as a partner, and together you will all perform beyond your wildest expectations.
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I had confidence that as long as we did our work well and were good to our customers, there would be no limit to us.
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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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Do it. Try it. Fix it.
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I learned a lesson which has stuck with me all through the years: you can learn from everybody. I didn't just learn from reading every retail publication I could get my hands on, I probably learned the most from studying what John Dunham was doing across the street
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Celebrate your success and find humor in your failures. Don't take yourself so seriously. Loosen up and everyone around you will loosen up. Have fun and always show enthusiasm. When all else fails, put on a costume and sing a silly song.
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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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Great ideas come from everywhere if you just listen and look for them. You never know who's going to have a great idea.
Sam Walton