Sam Walton opened the first Walmart store in 1962 in Rogers, Arkansas, after gaining experience in retail management. Walton pioneered a discount retail model and grew Walmart into the world's largest company by revenue by focusing on logistics and smaller town expansion. He stepped down as CEO in 1988 but remained active until his death in 1992. Walton emphasized investing in employees and putting customers first to achieve massive growth for Walmart.

1. SELF MADE ENTERPRENEUERS
HARDSHIPS AND THEIR STRUGGLE IN LIFE
AND
THEIR ROAD TO SUCCESS

2. PRESENTED BY:
• ABDUL RAFAY
• SAIRA PANEZAI
• KHADIJA
SUBMITTED TO:
• SIR JASIM TARIQ

3. “ You can't just keep
doing what works one
time, everything around
you is changing. To
succeed, stay out in
front of change.”

4. SAMUEL MOORE WALTON
(SAM WALTON)
• Born: March 29, 1918
(Kingfisher, Oklahoma, U.S.)
• Died: April 5, 1992 (aged 74)
(Little Rock, Arkansas, U.S.)
• Nationality: American
• Alma mater: University of
Missouri 1940
• Occupation: Founder of
Walmart and Sam's Club
• Net worth: US$8.6 billion (at
the time of death)

5. SYNOPSIS
Sam Walton was born on March 29,
1918, in Kingfisher, Oklahoma. Walton
opened the first Wal-Mart in 1962,
after years in the retail management
business. The discount chain expanded
internationally over the next 30 years,
growing into the world’s largest
company by 2010. Walton stepped
down as CEO in 1988, at the age of 70,
but remained active in the company
until his death in 1992.

6. EARLY LIFE
Samuel Moore Walton was born to Thomas Gibson Walton
and Nancy Lee, in Kingfisher, Oklahoma.
He lived there with his parents on their farm until 1923.
However, farming did not provide enough money to raise a
family, and Thomas Walton went into farm mortgaging.
He worked for his brother's Walton Mortgage Company
where he foreclosed on farms during the Great Depression.

7. Eventually the family moved to Columbia, Missouri.
Growing up during the Great Depression, he did chores to
help make financial ends meet for his family as was common
at the time.
He milked the family cow, bottled the surplus, and drove it to
customers. Afterwards, he would deliver newspapers.
In addition, he sold magazine subscriptions.

8. After high school, Walton decided to attend college, hoping
to find a better way to help support his family.
He attended the University of Missouri.
During this time, he worked various odd jobs, including
waiting tables in exchange for meals.

9. Walton joined J. C. Penney as a management
trainee, three days after graduating from college.
This position paid him $75 a month.
Walton spent approximately 18 months with J. C.
Penney.
He resigned in 1942 in anticipation of being
inducted into the military.
In 1942, at the age of 24, he joined the military
and ended up serving as an Army captain in an
intelligence unit during World War II in 1945.

10. “ There is only one
boss. The customer.
And he can fire
everybody in the
company from the
chairman on down,
simply by spending his
money somewhere
else.”
SAM WALTON

11. EARLY RETAIL CAREER
In 1945, after leaving the military, Walton took over
management of his first variety store at the age of 26.
With the help of a $20,000 loan from his father-in-law, plus
$5,000 he had saved from his time in the Army, Walton
purchased a Ben Franklin variety store in Newport, Arkansas.
The sales volume grew from $80,000 to $225,000 in three
years.

12. Walton drew the attention of the landlord. He then
Admiring Sam's great success, desired to reclaim the store
for his son and refused to renew the lease.
The lack of a renewal option, together with the prohibitively
high rent of 5% of sales, were early business lessons to
Walton.
Despite forcing Walton out, Holmes bought the store for
$50,000.

13.  He then managed to negotiate
the purchase of a new location
on the downtown square of
Bentonville, Arkansas.
 Walton negotiated the purchase
of a small discount store, on the
condition that he get a 99-year
lease to expand into the shop
next door.
 The owner of the shop next
door refused six times, and
Walton gave up on Bentonville.

14.  His father-in-law, without Sam's knowledge, paid the shop
owner a final visit and $20,000 to secure the lease.
Before he bought the Bentonville store, it was doing $72,000
in sales.
It increased to $105,000 in the first year and then $140,000
and $175,000.

15. A CHAIN OF BEN FRANKLIN STORES
In 1954, he opened a store with his brother Bud in a
shopping center.
He encouraged his managers to invest and take an equity
stake in the business, often as much as $1000 in their
store, or the next outlet to open.
By 1962, along with his brother Bud, he owned 16 stores
in Arkansas, Missouri, and Kansas (fifteen Ben Franklins
and one independent).

16. FIRST WAL-MART
The first true Wal-Mart opened on July 2, 1962.
Walton located stores in smaller towns, not larger cities.
To make his model work, he emphasized logistics and
distributed through his own trucking service.
Walmart now operates in the U.S. and in more than 15
international markets.

17. CURRENTLY NO.1 COMPANY WITH
SALES REVENUE : $485.9 billion

18. “ Leaders must
always put their
people before
themselves. If you do
that, your business
will take care of
itself.”
SAM WALTON

19. LEGACY AND DEATH
Sam Walton died on Sunday, April 5, 1992 due to blood
cancer.
In 1998, Walton was included in Time's list of 100 most
influential people of the 20th Century.
Forbes ranked Sam Walton as the richest person in the
United States from 1982 to 1988.

20. SAM WALTONS LIFE TEACHES US THAT
“ YOU HAVE TO PICK
YOURSELF UP AND GET ON
WITH IT, DO IT ALL OVER
AGAIN, ONLY EVEN BETTER
THIS TIME.”

21. QUESTIONS AND
QUERIES?

22. THANK YOU