You see, shopping at Walmart for groceries week after week made me wonder about the man who founded this successful chain of hypermarkets. We admire winners after all! And this, my friend, is the reason why we added this book to our library in the first place.
A Little Chit Chat
Allow me to share a little bit about me. I didn't grow up in America. The husband and I relocated here in our early 30's before having kids.I remember our first time shopping at Walmart, my eyes widened with glee. Haha! I like Walmart. It has everything a household needs at low prices.
We don't have anything like this (huge selection of items, good quality products at low prices) in the previous 2 countries we've lived in. It stands to reason, why we appreciate having one near our home.
I've come to understand after living in the US for 3 years now that not many homegrown peeps favor Walmart due to their current business practices.
Can we set aside these ill feelings momentarily and just admire the man who founded one of the most successful retail giants of today?
Sam Walton is the Real Deal!
With the enormous wealth he'd amassed from his Wal-Mart stores, he remained humble and down-to-earth. He doesn't believe in a big showy lifestyle.For him, the ego is not the way to build an effective organization. He would even go so far as to discourage his associates from living big.
Why? Simply because Sam Walton believed that if you get too caught up with the good life, you lose touch of the company's sole purpose: serving the customers.
3 Nuggets from the Book
Here are 3 of my gleanings from Sam Walton: Made in America.- In retail, you are either operations-driven -- where your main thrust is toward reducing expenses and improving efficiency-- or you are merchandise driven. The ones that are truly merchandise driven can always work on improving operations. But the ones that are operations driven tend to level off and begin to deteriorate.
- By cutting your price, you can boost your sales to a point where you earn far more at the cheaper retail price than you would have by selling the item at a higher price. In retail language, you can lower your markup, but earn more because of the increased volume.
- Check out the competition. Don't look for the bad. Look for the good. And you must try to incorporate it into your business.
By the way, Sam Walton shared his 10 Rules of Success in this autobiography. Of course, you'd want to know what these are!
Grab your copy of Sam Walton: Made in America by Sam Walton with John Huey here. Click the image link below!
Sam Walton Book Review
Sam Walton: Made in America is a fun and humorous read, like grandpa sitting across the room recounting detail by detail the Walmart story. (Actually, he did this at his death bed.)Since this is an autobiography, I'm expecting this to touch more on his life story: his childhood, beliefs, and etc. But nope, it's about the Walmart story!
Indeed, this book taught me things concerning the retail industry and how it works. I never thought I'd get valuable entrepreneurial lessons from this autobiography. To cool!
As of writing, I don't own a business but I did enjoy reading this book. Be prepared though, you'd get hooked! Expect loads of valuable business lessons along the way too!
In fact, you're getting more than what you'd pay for by reading this!
RATING: 5/5
In Conclusion
To me, Sam Walton: Made in America is a must-read for every entrepreneur out there. I highly recommend it! You'd definitely love reading this as much as I do!To succeed in this world, you have to change all the time
~ Sam Walton
I hope my book review of Sam Walton: Made in America by Sam Walton with John Huey is helpful.
Don't forget to grab your copy of Sam Walmart: Made in America by Sam Walton with John Huey from the image link above!
Well, you have an awesome day then! See you in my next book review. :D