Sam Walton was born March 19, 1918. A famous entrepenuer who grew up on a farm, and kept his roots as a farm boy even as America's richest entrepenuers of his time.
Growing up, he showed all signs of a great leader; being the team captain of many of the school's sports teams and even running a small courier buisness through highschool. His father was an oppurtunist buisnessman taht traveled town to town buying and selling properties for discount. Sam's admiration for his father and how he conducted buisness would create a model for his retail venture that would become wal-mart.
His reatil model was simple. Sam bought items at large and in bulk, and undercut the competitors in the area with lower profit margins. This would put his buisness and family in debt, at one point 2 million dollares of personal debt, but with the increasing customer buisness and franchise expansion was able to gain profits to excell in the market. By 1980 Wal-Mart had a revenue of 4 Billion dollars a year.
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