Takeaways from "Made in America"

Sam Walton: Made In America
by Sam Walton

   The book is written by Sam Walton, the founder of Walmart.  It is about Sam Walton and his retail business, Walmart. Sam Walton wrote his memoir book when he was fighting with bone cancer in his seventies. The book is motivational, teaches a being a hard-worker, engaging with something you like, and enjoying doing it with high enthusiasm.

   In his memoir, Sam Walton talks about his early life, explains how he started and developed his retail business, and mentions his accomplishments and his feelings in the last days of his life. He was a friendly, hardworking man with energy and can do-ability, never hesitated to talk to strange people. Sam Walton started his selling business with his wife in a small store. He used to do any job like sweeping the floor, booking, ringing the cash register, carrying the loads, negotiating with people, and others in the early days of his retail business. He always learned from people, used to visit stories and learn something useful to apply his store too.

   Buying the island or driving the last model of expensive cars was not on his priority list. He was tight with every dollar, spent for only what is needed. He did not mind riding his old pickup car or fly coach on commercial flights. Walmart was his investment target, and he invested his wealth into it.

   Here are some of my lessons.

1. Have a goal, and a commitment to execute.
2. Be friendly with people, it helps in working with people and your business.
3. Use the people around you. Family, siblings can help a lot in building your business.
4. Learn from people. Observe, ask, communicate to learn. Always think about how to improve your service.
5. Be ready to do any job related to your business. In a process of building a business, there are times you need to do all kind of works yourself.
6. Count every dollar. Be careful with your expenses.
7. Sell at lower prices to get higher-volume in sales.
8. Applying technology to your business effectively is crucial. That means you are one step ahead from the others. Sam Walton had a private jet to use in retail business. He built a data center, implemented satellite communications, and others back in 1970th. 
9. Eventually, big business needs to be public to sustain itself.
10. Take good care of your partners and associates in your business.
11. What is your choice? Think about it.
•  Build something that lasts long, benefit people through it and leave a legacy.
•  Build something then sell it, quit and enjoy with your money.

   He mentions ten rules to succeed in a business like committing your business, sharing profit with your associates, motivating your people, communicating and listening to people, exceeding your customer's expectation, swimming upstream to step differently.

   I highly recommend this book. You can find it in below link. Thank you for reading!