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Making Money The Millionaires way-Sam Walton
Sam Walton- Millionaire
Sam Walton became a millionaire in true American style, starting from the bottom and believing hard work was the key to success.Sam Walton was of course proved right, and it was his these principles that made him a millionaire, and built his Walmart brand into one of the biggest modern day empires.
Sam of course was the founder of Wal-Mart, a brand that can now be found all over the world. He took the Wal-Mart business from good to great, and his business principles have changed the way many businesses are run.
Sam was born in1918,and he graduated from the University of Missouri with his economics B A in 1940, shortly after he found his first job as a sales trainee, working for JC Penney.It was a few years later that he and his brother James became franchisees of the Ben Franklyn store chain. Sam worked hard at the expansion of these stores, and as he made his travels throughout the mid western and eastern States, he noticed that the large retail chains always placed their stores in or near large cities,he realised the same principle could be used in smaller towns.
Now Ben Franklyn weren't interested in his idea, so a determined Sam Walton decided to undertake the enterprise himself, and by 1962 the first ever Wal-Mart store was opened in Rogers Arkansas. It was not easy at the start, and like many businesses they had their problems.When the second Wal -Mart store opened it was described by his CEO, as the worst store he had ever seen.
From these humble beginings,Wal-Mart did grow. Mainly on the basis of using American-made products.In 1991 Wal-Mart became America's largest retailer surpassing Sears, now Sam Walton was worth more than $8 billion.
Today Wal-Mart is the largest private employer in both Mexico and the USA, and worldwide employs more than 2.1million people.
When Sam Walton became a billionaire he still drove a standard pickup truck and wore clothes from his very own Wal-Mart discount stores.
Approximately one tenth of all money in the US is spent in Wal-Mart stores.
Walmart and its foundations have donated more than $423 million worldwide to charities.
It is reckoned Wal-Marts parking areas alone would be able to be accommodated in Tampa, Florida.
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