Secrets of success and qualities of famous businessmen from whom there is something to learn

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maksudasm
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Joined: Thu Jan 02, 2025 7:11 am

Secrets of success and qualities of famous businessmen from whom there is something to learn

Post by maksudasm »

As an example, we would like to cite the success stories of famous businessmen to demonstrate what they have that makes it so easy to open and develop their companies.

Sam Walton: determination, tenacity, willingness to take risks
The founder of one of the most popular supermarket chains in the USA, Wal-Mart. He was the first to come up with the idea of ​​opening stores with affordable prices.

Sam's father was a simple farmer, the family did not live well, so they had to take out a loan to open their first supermarket. Walton went bankrupt with this store, but did not give up and took out another loan for a new attempt, which this time was crowned with great success in the form of a chain of world-famous supermarkets.

Sam Walton, founder of Wal-Mart

Walton almost completely loan database shaped the format of all modern supermarkets, and also came up with rules and requirements that are still observed today: setting low prices on goods and providing additional discounts, organizing big sales, introducing self-service in stores, allowing consumers to walk around the store as much as they want, filling their carts with products to capacity.

Few people know that the author of the “Product of the Day” promotion , which has not lost its relevance to this day, was Sam Walton, who was the first to suggest setting a discount on a product every day in his stores.

Ray Kroc: adventurism, willingness to take risks, passion, courage
This entrepreneur was unknown to anyone for a long time until he put everything on the line at the age of 52 and hit the jackpot. It was at this age that Kroc decided that it was time to change his life and invested all his savings in buying a McDonald's franchise. And the business turned into a huge success, known and popular today all over the world.

Ray Kroc

Later, Kroc would publish a book, McDonald's: How an Empire Was Created, in which he would reveal many secrets of the success of his fast food restaurants. The two most important of them were: automation of all business processes and constant investment in the training of all employees of the chain. Kroc, like no one else, knew that any person is capable of becoming a successful entrepreneur, so he never skimped on training his own employees.
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