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May16
The Common Sense Management of Sam Walton - 91

Although he had lost his business, this setback would not deter Walton.


One of the commong attributes of successful business leaders is their ability to bounce back from defeats and setbacks. If we're in business or business management, there will be setbacks, it comes with the territory. It's the response to those setbacks that determine the long-term success of a business manager.

The reason why great managers survive setbacks is they're absolutely convinced that what they've seen and are committed to will come about if they stick with it. Sam%20Walton%20always%20bounced%20back.gifIt's that underlying belief that takes a person through anything to reach their targeted destination.

People that work for us will catch that same spirit if we really believe it, and will start to act in the same way we do - they'll start to take on a can-do spirit no-matter-what-it-costs as well.

This is the key reason why when we choose the field interest we want to serve, we need to do it carefully and really believe in it. Everything within us will eventually be tested, whether it's our own business or someone else's. So to believe in what we're doing is the major element to sticking with something over the long haul.

If you find yourself continually bouncing from one thing to another, you may need to take a breather and examine what it is you can give yourself to over the long-term. The answer will probably be the thing you most believe in. Once you find that, it would take unusual circumstances to move you off of it. This step alone can bring you halfway to the success you're seeking.

Other Sam Walton Sources:

Sam Walton

Sam Walton: 10 Rules for Building a Successful Business

Sam Walton - Retail Success Story

Sam Walton and Wal-Mart

How Wal-Mart Got Started

Sam Walton: King Of The Discounters

Sam Walton: Great From the Start

Is Wal-Mart Too Powerful?

 

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