Sam Walton, the Founder of Walmart who believed in selling more for less

 


Original Content: Business Upside

We often listen to stories about business tycoons who started from scratch and made an empire for themselves with diligence and willpower. These narratives always work as sources of motivation for us. It always spurs people when they hear about entrepreneurs who began with nothing. Sam Walton is one such prominent example.

It’s nearly sarcastic that Walmart often experiences disapproval for paying fewer wages to its workers and utilizing cutthroat competition for making the maximum possible gains. The founder of Walmart, Sam Walton, had nil savings while he launched his first retail outlet in 1945. 

Walton depended on a borrowing of $25,000 that he took from his father-in-law for financing his first store purchase. This move turned out to be an immediate accomplishment for him in the retail sector. The earliest formal Walmart store was launched in Rogers, Arkansas.  

By 1976, the company valuation surpassed $176 million. There was a time when Sam Walton was assumed to be the richest man in the US. 

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