Absolutely no one has money lying on the floor waiting for you to pick it up. There is no free money anywhere. Even grants aren’t free money. You have to do something to get money, even free money.
According to Sam, before Wal-Mart became a Multi-billion dollar company, when they only had five stores, they spent only 2% of their sales revenue on their costs.
"Only a man who knows what it is like to be defeated can reach down to the bottom of his soul and come up with the extra ounce of power it takes to win when the match is even."
In finding a Co-Founder, find someone willing to take the kinds of risk you are willing to. (I definitely can relate to this: Shout out to Lola, the only one who comfortable scaled school with me to source for sponsors, #2010LawFair; and to my Jcooks #Asisterneverforgets)
According to Sam, all his children "worked in the stores, invested in the stores and shopped in the stores". As his children grew older, he gave then a choice whether to work for Wal-Mart or not...
These 10 rules highlighted by Sam Walton are rules he summed up at the latter part of his life, when reflecting on what worked for him when building Walmart. Below are the Rules:
... having the right people in the right job when they were needed the most has marked Wal-Mart’s history...
He is known as one of the greatest American entrepreneurs, and through M.I.A, Sam shared many life stories from his Wal-Mart journey that contributed to the growth of Wal-Mart from one (1) store on 7th July, 1962 to one thousand nine hundred and sixty (1,960) stores at the time of his death in April 1992.