Sam Walton Motivator & Phenomenal Entrepreneur

By
Real Estate Agent with DFW FINE PROPERTIES 0506509

Whether you shop at Wal-Mart or not is irrelevant. If you are a business owner, you can appreciate the success story of how Sam Walton grew his business and how his legacy continues to prosper long after his death. 

 

The first time I heard about Wal-Mart was when the store came to Round Lake, Illinois in 1989. At that time, I was living in Lake County in Northern, IL, attending College for the first time in between my High School located in Cook County in Chicago, and having children. I was in an Economics Class and had to write about a phenomenal entrepreneur who started out small and became a success. I chose Sam Walton. For my research I went to K-Mart's to compare prices and spent hours at the public library to learn about Sam's background and economics. I loved going to school to learn. 

 

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 you will 

catch the passion from you like a fever ---Sam Walton

 

My kids didn't understand why our kitchen table was always covered in books, the electric typewriter, a Dictionary, pens, and paper. They said, I wasn't a normal mother. We never had gourmet meals; however, by 1987 my hard work paid off and I set a good example for my children and their education.

 

 

But this post is not about me. It is about the phenomenal success story of Sam Walton and the inspiration he planted in the brains of other people throughout the world. Something Sam said, that struck a chord with me is: High expectations are the key to everything ---Sam Walton.

 

A BRIEF BIO OF SAM WALTON

Sam was born on March 29, 1918 in Kingfisher, OK. His father was a farmer and worked in the farm mortgage business during the beginning of the Great Depression. They moved to Missouri and everyone in the family pulled their own weight learning about how to make a living. As a young boy, like many kids, he had a paper route. Sam took his childhood experience one step further by becoming an Eagle Scout. As a young adult, Sam went into Retail Sales where he learned how to manage people and gain knowledge about how to operate a business. He joined the Army and still managed his first Ben Franklin Franchise store and got married too. His store was leased and when the lease was up, the owner of the building took control of the business. This was his first hard lesson but he did not give up. He knew, that a quitter never wins. 

 

Celebrate your successes. Find some humor in your failures ---Sam Walton

 

As a business owner, he learned from his mistakes and opened up another store. Before long he opened more new stores in small communities. For employee morale, he offered his managers a profit from the sales earnings. Sam was a hands-on-man but encouraged others to learn the business and be successful. He learned to fly and bought a plane and checked on his businesses located in many different locations. His goal was to open up his Dream Business. In 1962 the first Walmart, a large discount store opened up to the public. The store was located in Little Rock, Arkansas far enough away from his competition - K-Mart!

 

Throughout his years he stayed focused on efficiency, strategy, growth, and taking care of his employees by offering quality and large quantities to the consumers at a cheaper price. At the end of January 2013, more than 35 million people shopped at Walmart and Sam had over $466 billion dollars in sales in fiscal year. Until his dying day, Sam spread conventional wisdom.

 

Each Wal-Mart store should reflect the values of its customers and

support the vision they hold for their community ---Sam Walton

 

WALMART'S MASSIVE $800M PROJECT UNDER CONSTRUCTION IN TEXAS

Reported in the Dallas Morning News on 11/9/2021 - Lancaster, TX (about 18 miles from Dallas) Walmart has "broken ground on two large facilities that will create 1,000 jobs." The 1. million-square-foot project is "twice as productive as its traditional e-commerce fulfillment centers and grocery distribution centers."

The vision is to boost the economy with capacity and "speed of delivery to its Dallas-Fort Worth customers and stores."

 

Capital isn't scarce; vision is ---Sam Walton

 

After all those years long ago, I spent doing research on Sam Walton, a new entrepreneur, it is clear to me Sam is a living legend and his training instills visionaries and successful winners. 

 

If everybody is doing it one way, there's a good chance you can find

your niche by going exactly in the opposite direction ---Sam Walton

 

Also reported by Maria Halkia, Reporter for the Dallas Morning News highlighting what's new:

 

  • "New mini-warehouses centers inside stores."
  • "High-tech facilities will include game-changing innovations."
  • "Expanded its driverless trucking partnership in Bentonville, AR, with Silicon Valley start-up Gatik." 

In conclusion, we can all learn a lot from Sam Walton, a phenomenal entrepreneur who changed the way we do business all become he said: 

If people believe in themselves, it's amazing what they can accomplish

---Sam Walton

 

To new entrepreneurs & business owners everywhere, I wish you success and good luck ---Patricia Feager

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DFW FINE PROPERTIES

                                        3575 Lone Star Circle, Suite 315
                                        Fort Worth, TX 76117
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                                         Patricia (Peace without Panic) Feager (Faith without Fear)
                                                        Cell: 469-951-4758

                                                        Email: patricia.feager@gmail.com

 

MBA (University of Dallas)
BA
(Bachelors of Arts & Science)
SECI (Southeastern Career Institute)
Associates (3) (Collge of Lake County)
KU (University of Kansas)

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CRS (Certified Residential Specialist)
SRES (Certified Senior Residential Specialist)
PSA (Certified Pricing Strategies; Mastering the CMA)
CRS (Certified Military Relocation Specialist)
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"With self-discipline most anything is possible." --- Theodore Roosevelt 

 

 

 

  

Comments (14)

Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Patricia and thanks for the information on Sam, he was so wise and knew how to built a company.

Nov 10, 2021 09:41 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Patricia, the Sam Walton and Wal-Mart story is one of the greats success stories I know of.

Nov 10, 2021 11:51 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Will Hamm - It's always a pleasure to hear from you. You know how to build a good company too!

Nov 10, 2021 01:01 PM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

George Souto - From his humble beginnings, he learned a lot and passed on great wisdom. 

Nov 10, 2021 01:02 PM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Patricia,

We have been long time admirers of Sam Walton,s. This is another wonderful inspirational post from you.

Nov 10, 2021 03:54 PM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Ron and Alexandra Seigel - Although time-consuming to research factual information, I enjoyed learning more about Sam Walton and write this article for ActiveRain.

Thank you!

Nov 10, 2021 04:36 PM
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Hmm, I have never thought very highly of walmart or the family that created it but this gives a different perspective for sure.

Nov 11, 2021 04:32 AM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, eXp Realty - Kalispell, MT
Helping your Montana dreams take root

Thank you for the Sam Walton overview. His quotes and his story show that he knew what he was talking about. I especially like the one about going in the opposite direction - that's certainly one way to stand out!

Enjoy your Thursday!

Nov 11, 2021 05:02 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Brian England - I'm glad to hear you're changing your perception about the man who founded Wal-Mart. It really was an incredible journey. There are some great articles and books written about Sam Walton, including YouTube videos when he was still alive. In one interview, the person who gave the interview said, "Never a day went by that he didn't make improvements." Others have said he was a "Bold innovator."

Nov 11, 2021 06:11 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Kat Palmiotti - When I was deciding on which best quotes to include, the one you referred to about the niche by going exactly in the opposite direction, was one I thought of you immediately. When I first got started in the business, I had a commercial lease and consulted with my Broker, after all, it was not what I was trained for, but rather residential sales. She told me before becoming a Broker she did Commercial Sales and Land and when she began, it was almost unheard of for a female to do what she did. After many digging in the trenches, to perfect her skills, she became one of the top agents in her niche and out shined her peers when it came to competition. She reminds me a lot of you. FYI... with her help, I succeeded in that commercial lease sale; then later with two Commercial properties after she moved to another state. 

Nov 11, 2021 06:20 AM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Patricia - I remember reading a biography in elementary school of Sam Walton long before I knew of Wal-Mart or their presence was known in California.  His is an interesting story that has long fascinated me.  Over the years, I have read many such stories of the men(and women) of retailing.  It's interesting to see the many comparisons as well as differences each brought to the industry.  

Nov 11, 2021 07:58 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Michael Jacobs - I never was and probably never will be a shopper like my mother and my siblings were especially during the holidays. It never was my thing. I never heard of Sam Walton or knew anything about Wal-Mart until I was in an economics class and had to do research and write a paper. I am thankful I did choose my essay on Sam Walton and it's only because WAL-MART was the new buzz word ---back then. 

Fast forward, 2021 and I wrote this blog post about Sam Walton. To be honest, you were in my thoughts when I was writing this story because I know you were in retail before real estate. All I kept thinking of was you must have gone through rigorous training to learn about merchandise, sales, inventory, customer service, reading body language, watching out for theft, and always being professional and courteous to all who came in contact with you. Plus, I thought about your feet! Your feet must have been aching when you left your job at the end of the day.

If you feel so inclined to write a blog post about drawing a comparison between real estate sales and retail, I know I could learn a whole lot more.  

Nov 11, 2021 08:31 AM
Michael Jacobs

Patricia - it certainly can be interesting to see how stories can be woven together by the experiences in our lives.  

Nov 11, 2021 08:43 AM
Patricia Feager, MBA, CRS, GRI,MRP

Michael Jacobs - A tapestry of tight weaves, is what I would imagine!

Nov 11, 2021 09:04 AM
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Enjoyed learning more about Sam Walton - he's inspirational. I also loved picturing your table covered with books, dictionary, paper, pens, etc. That makes me smile. 

Nov 13, 2021 07:14 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Debb Janes EcoBroker and Bernie Stea JD - Thanks for reading my blog post and enjoying what you read. He was really quite remarkable and I wonder how many people know his background and to what extent. 

I'm glad to hear I made you smile and left you with an imagine of my kitchen table. Back then, I had a big electric typewriter and a big hard cover Dictionary. My times have changed, haven't they? And to think, my kids didn't starve but were inspired to continue with higher education themselves. :)

Nov 14, 2021 10:02 AM