Biography Essay Research Paper Sam Walton is

7 July 2017

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Biography Essay, Research Paper

Sam Walton is an American icon. When we think of price reduction shops, we think of Sam Walton. Poor boy makes good can depict Sam Walton. He came from a hapless background, to go a successful man of affairs and the richest adult male in the United States. Sam Walton ruled the price reduction retail market.

Sam was born in Kingfisher Oklahoma in 1918 on the household farm. When Sam was turning up he helped his household by making uneven occupations for money. He did everything from selling magazine subscriptions to selling milk from the household cow. He ever worked difficult and did non waste clip. His schoolmates voted him most various male child. Sam attended the University of Missouri where he became really active in pupil life, going the president of his senior category and going portion of an honorary society of work forces devoted to their school. He worked his manner through college by holding a paper path and life guarding at the local pool.

He concentrated on a grade in concern. During college he decided retailing was where he wanted to be.

Sam s first occupation was at J.C. Penney in Des Moines, Iowa. At the clip, J.C. Penney was the leader for retailing, puting an accent on client service. He worked hard at this occupation, ne’er cognizing

where it might take to some twenty-four hours. All the things he learned from his first retail occupation at J.C. Penney would assist him subsequently in life and concern.

In 1945, after functioning in the armed forces, Sam moved to Newport, Arkansas. Here he started his first concern, buying the local Ben Franklin Five and Dime Store. Sam loved retailing and it showed. His concern was really successful and he was ever seeking new things to bring forth more concern for his shop. For illustration, Sam went out on a limb borrowing money for an ice pick machine. He decided that if he put the machine outside his shopfront he could pull more clients. He was right, in the first full twelvemonth it had $ 105,000 in gross revenues, and merely two old ages subsequently it was up to $ 175,000. Sam was on his manner to a retailing dream. However, he was forced to travel his concern to another town, when the people who owned the shop edifice would non regenerate his rental. So in 1950, Sam and his household moved to Bentonville, Arkansas. This was a difficult town to travel into, but Sam was determined and worked harder than of all time before to go successful. Sam had learned a difficult lesson, ne’er once more would he hold a shop in another individuals edifice. His concern in Bentonville, Arkansas would finally go the central offices of Wal-Mart.

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