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10 Rules For Success
Self Excellence » Personal Development

Chrm Message From: aishwaryaroy Total Posts: 46 Join Date: 25/11/2006
Rank: Executive Post Date: 16/07/2009 14:09:14 Points: 230 Location: United States

Sam Walton's 10 Rules For Success 

Rule #1

Commit to your business. Believe in it more than anything else. If you love your work, you will be out there every day trying to do the best you can, and pretty soon everybody around will catch the passion from you - like a fever.

Rule #2

Share your profits with all your associates, and treat them as partners. In turn, they will treat you as a partner, and together you will all perform beyond your wildest expectations.

Rule #3

Motivate your partners. Money and ownership aren't enough. Set high goals, encourage competition and then keep score. Make bets with outrageous payoffs.

Rule #4

Communicate everything you possibly can to your partners. The more they know, the more they'll understand. The more they understand, the more they'll care. Once they care, there's no stopping them. Information is power, and the gain you get from empowering your associates more than offsets the risk of informing your competitors.

Rule #5

Appreciate everything your associates do for the business. Nothing else can quite substitute for a few well-chosen, well-timed, sincere words of praise. They're absolutely free and worth a fortune.

Rule #6

Celebrate your success and find humor in your failures. Don't take yourself so seriously. Loosen up and everyone around you will loosen up. Have fun and always show enthusiasm. When all else fails put on a costume and sing a silly song.

Rule #7

Listen to everyone in your company, and figure out ways to get them talking. The folks on the front line - the ones who actually talk to customers - are the only ones who really know what's going on out there. You'd better find out what they know.

Rule #8

Exceed your customer's expectations. If you do they'll come back over and over. Give them what they want - and a little more. Let them know you appreciate them. Make good on all your mistakes, and don't make excuses - apologize. Stand behind everything you do. `Satisfaction guaranteed' will make all the difference.

Rule #9

Control your expenses better than your competition. This is where you can always find the competitive advantage. You can make a lot of mistakes and still recover if you run an efficient operation. Or you can be brilliant and still go out of business if you're too

Rule #10

Swim upstream. Go the other way. Ignore the conventional wisdom. If everybody is doing it one way, there's a good chance you can find your niche by going exactly in the opposite direction.

--- by James E. McClain

Chrm Message From: bvkrishnamohan Total Posts: 5 Join Date: 25/11/2006  
Rank: Beginner Post Date: 08/11/2009 08:06:08 Points: 25 Location: United States
Good and valid points
Chrm Message From: pkmishra001 Total Posts: 3 Join Date: 25/11/2006  
Rank: Beginner Post Date: 13/04/2010 08:02:41 Points: 15 Location: United States
Excellent rules. Must be followed for allround success.
Chrm Message From: phanindrasai Total Posts: 29 Join Date: 25/11/2006  
Rank: Executive Post Date: 14/04/2010 05:36:14 Points: 145 Location: United States
Highly helpful 10 rules for success. Good one. Thank you for posting.

With Regards
Phanindra Sai
Chrm Message From: s_yelgawakar Total Posts: 1 Join Date: 25/11/2006  
Rank: Beginner Post Date: 14/04/2010 08:39:33 Points: 5 Location: United States

This is quite good will help every body to find out his should follow it by heart.

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