Quote

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.

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
Stills
Operation
Still
Efficient
Make
Operations
Brilliant
Mistakes
Mistake
Business
Inefficient
Running
Recover

More quotes by Sam Walton

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Focus on something the customer wants, and then deliver it.
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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 not only knew I wanted to go into retailing, I also knew I wanted to go into business for myself.
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Most everything I've done I've copied from somebody else.
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I believe in always having goals, and always setting them high.
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Do it. Try it. Fix it.
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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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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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The secret of successful retailing is to give your customers what they want
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Don't get so stuck in your ways that you can't change.
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Swim upstream. Go the other way. Ignore the conventional wisdom.
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When all else fails, put on a costume and sing a silly song.
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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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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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Money and ownership alone aren't enough. Set high goals, encourage competition, and then keep score.
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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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Leaders must always put their people before themselves. If you do that, your business will take care of itself.
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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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Capital isn't scarce vision is.
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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.
Sam Walton