An Assignment

On

Ten Successful Entrepreneurs’ Life Story, Business Tactics and Future Plan

Submitted to:
Abu Sayef Md. Muntaquimul Bari Chowdhuri
Assistant Professor
Department of Management Studies,
Jahangirnagar University.

Submitted by:
Name: Tasniva Chowdhury Mumu
ID No.: 1611
Year: 3rd
Semester: 2nd
Course Code: MGT-310

Faculty of Business Studies

Jahangirnagar University,
Saver, Dhaka-1342
Date of Submission: 10th April,2021
Sam Walton

Sam Walton was an American entrepreneur born in Kingfisher, Oklahoma, on March 29, 1918, and died
on April 5, 1992. He had experience establishing the world's largest retailing markets, Waymart and
Sam's Club.

People had predicted Sam's potential since he was a child, but no one realized how far he would go.
Walton and his family were sad because of financial difficulties, but Walton rose to the occasion. Sam
began selling subscriptions to magazines and delivering newspapers to make ends meet.

During his early years of education, the vibrant young man began to shine like a star. Sam made news in
eighth grade after becoming Missouri's youngest Eagle Scout. He astounded many at David H. Hickman
High School, where he was voted "Most Versatile Boy" at his graduation in 1936.

He enrolled at the prestigious University of Missouri in 1940 to study economics for a bachelor's degree.
Later, he enlisted in the military and became a Reserve officer. Sam was the leader of the Burali bible
class and provided excellent training to the corps.

After graduating from university, Sam attended a management school at J.C. Penney in Des Moines.
Tragically, World War II broke out, and Sam quit his job as an army officer in 1942 to protect his nation.
Sam got to the rank of captain owing to his determination and hard work. When the war ended, Sam
wanted to return to civilian life.

His entrepreneurial adventure began in 1945. In his new venture, he found success and built a reputation
for himself in the retail industry. Sam chose to grow his business in the 1960s, and he collaborated with
his brother James to operate many Ben Franklin franchises and an independent store.

After experiencing success, Walton wanted to broaden his horizons by operating superstores in rural
locations. On the other hand, his Ben Franklin supervisors didn't acknowledge his notion and turned it
down. His veins were bursting with the determination to attain, and nothing could put a halt to him. Sam
opened his first Wal-Mart location in July 1962. Due to the fantastic discounts, buyers never waited at the
store's door. Apart from earning a killing, Sam was hell-bent on assisting ordinary people in obtaining
vital goods at lesser prices.

The reputable entrepreneur's desire for success became more potent with time. He kept expanding the
number of Wal-Mart locations around the country. By 1967, Sam had opened 24 stores around the
country, making outrageous profits.

The big retailer store went public in 1970 and was listed on the New York Stock Exchange. The
corporation had significant development in the 1980s, with sales reaching $1 billion.
To his surprise, Walton's barber and elder brothers encouraged him to pursue a career in shop
management. Furthermore, Walton maintained contact with his company. He could spend an entire day
learning about the company's growth at his bosses' residence on Sundays.

Walmart's CFO, Brett Biggs, said the company aims to invest $14 billion this year to improve its supply
chain and add automation. This amount is more than the usual pace of $10 billion to $11 billion. These
enhancements are likely to boost the efficiency and profitability of online sales.

Walton's athletics experience taught him that we must believe in our dreams even if no one else does.
Walton sold items as inexpensively as possible to survive in the competitive business world. In addition,
his mother pushed him to be the greatest at all he did. Walton was still a competitive student at school,
seizing any chance that presented itself.
Gradually, we may argue that while the universe is filled with unlimited potential and countless
opportunities, life and career are finite. Entrepreneurship may be a lengthy, lonely, and stressful road.
This journey, however, can also bring a lot of joy, meaning, and fulfillment. These ten business owners
were successful because they provided a better, faster, and less expensive product to their customers than
their closest competitors. There is plenty of room in the entrepreneur's pantheon for the appropriate
person.