Be a fanatic about your core principles

Be a fanatic about your core principles

Sam Walton established Wal-Mart with two principles, low prices and satisfaction guaranteed. And he never wavered in his dedication to these principles. In fact, he was a fanatic when it came to having the lowest prices anywhere. Much of Wal-Mart’s early success resulted from this absolute dedication to low prices, not from doing everything right. Actually, there were many, many things that Wal-Mart was not good at in the beginning. But they stuck to their core principles. So, when people shopped at Wal-Mart, they expected low prices. And that is exactly what they received.

All too often, businesses fail to understand the one or two core factors that have the greatest potential to drive their success. If you own a small business, what are your core values? What do your customers expect to receive from your company? If you do not know, it is time to start figuring it out.

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About David

About David

David is an accountant and adviser for small business owners. He also coaches clients on leadership and success. David is an avid reader. He blogs regularly on the books that he is currently reading.

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