Summary of De Perder Su Negocio a Ser Multimillonario | La Historia de Sam Walton, fundador de Walmart 💰

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The story of Sam Walton, the founder of Walmart, is a fascinating one. He was a young entrepreneur who lost everything in a business deal gone bad, but he managed to rebound and become the richest man in the world. Walton was known for his commitment to low prices, even at the expense of profitability, and this philosophy helped him build Walmart into the largest retailer in the world.

• 00:00:00 In 1950, a young entrepreneur who had acquired a business lost it due to differences with the owner of the company, seeing himself forced to start from scratch again thirty-five years later. That young man, thirty-five years later, had become the richest person in the world, after building the largest retail empire ever known as the protagonist of this story, Samuel "Sam" Walton. Born on March 29, 1918 in the small town of Kingfisher, Oklahoma, Samuel was the eldest son of Thomas Gibson Walton and Nancy Lawrence Walton. The first years of Sam's life were spent on a farm in rural Oklahoma due to his father's occupation as a farmer. However, in 1923, Mr. Thomas considered that work on the farm was insufficient to support the family which, at that time, included a new member, Sam's younger brother. This led the family to relocate to the state of Missouri where Mr. Gibson acquired employment as a mortgage agent during the following years. The Walton family lived moving from town to town throughout Missouri in search of opportunities. Sam demonstrated a great passion for sales from a young age and also excelled in various disciplines throughout his childhood and teenage years, including in his high school years where he became the most successful Boy Scout in Missouri history.
• 00:05:00 Sam Walton founded Walmart in the summer of 1953, when he opened small, low-cost stores in the city. He was concerned about keeping prices low, even at the expense of profitability, in order to outcompete the competition. This strategy proved successful, and by the late 1960s, Walmart had expanded to fifteen stores across the United States. One of the keys to Walmart's success was its commitment to low prices, which allowed it to maintain a high margin on products. In 1970, the company went public, and the Walton family retained a majority of the shares. In the early 1990s, Walmart began to experience increasing competition from big-box stores and discount chains. To stay competitive, Walmart lowered prices even further in an attempt to crush its competitors. This strategy worked, and by the early 2000s, Walmart was the largest retailer in the world. Sam Walton's philosophy of low prices, wide selection, and customer satisfaction has been key to the company's success. In 2005, he passed away at the age of 74, leaving behind a legacy of 346 Walmart stores and plans to open 100 new stores each year.
• 00:10:00 Sam Walton, the founder of Walmart, is a fascinating individual. His success as an entrepreneur is perhaps unexplainable without his strict policies regarding price and inventory. Walton's business model was based on low prices and a large inventory, which allowed him to lose customers but keep costs low. His policies also extended to his administrative expenses, such as events and meetings. Wallmart became the third largest retailer in the United States by the early 1990s. Walton's health deteriorated rapidly in 1992, and he died six days later after a long illness. His daughter was later accused of unethical business practices. Despite his controversial past, Walton is credited with being one of the pioneers of the modern discount store.
• 00:15:00 The founder of Walmart, Sam Walton, is the richest person in the world, with an estimated fortune of 216 billion dollars. 75% of this wealth comes from his ownership of Walmart, which today is worth over 398 billion dollars. Walmart employs more than 2.3 million people and generates an annual revenue of over 550 billion dollars. If everyone were to follow Walton's example, it is likely that you could find your niche market by watching videos in the opposite direction, but be prepared to be ridiculed by many people who tell you that you are going wrong if you do not enjoy the video. Please give the video a like and subscribe to continue enjoying our videos.