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.
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.