walmart

Sam Walton's Ten Business Commandments

Sam Walton was a genius developed a list of 10 business commandments that he claims to have followed. He had big dreams and certainly moved the direction of American retail as well as the world-wide economy. Whether or not you believe Wal-Mart did great things or Sam Walton's retail giant hurt America, you must acknowledge his success. Ballslist Top Tens displays Sam Walton's Top Ten Business Commandments.

10. Avoid Conventional Wisdom - Just because something has been done that way for years, it doesn't mean it is the best way to do it. Constantly think of ways to improve your business as you question old thought.

9. Swim Upstream - going against the grain will be tougher, but the rewards will be much greater.

8. Control Your Expenses Better Than Your Competitors - every penny matters. Cut costs where ever possible without hurting your finished product.

7. Exceed Your Customers Expectations - Doing this will help your business stand out and establish a long lasting memory of excellence for your costumers. Don't be average, do something extra.

6. Appreciate What Your Associates Do - Your associates are people, treat them that way. The more they like and respect you, the more they will do for your business.

5. Listen to Everyone in the Company - Everybody has good ideas, especially those who are not preoccupied thinking about store numbers. All associates can be great providers of ideas that can save you company money, improve morale, and satify customers.

4. Communicate All That You Know - Empowering your employees with information is a great way to team build. Employees appreciate not only the paychecks they receive, but knowledge as well.

3. Motivate Your Partners - Focus on teambuilding and possitive reinforcement. Every employee is valuable and express to them that that is the case.

2. Share Your Profits - Goals should be made and when they are met, everybody should benifet. Wage increases and bonuses will help you keep invaluable employees.

1. Of Course...Commit to Your Business - Business owners have pride, put your heart into your business but keep a good balance between that and your loved ones.