Profile of an Entrepreneur Essay example

Words: 2581
Pages: 11
Open Document
Early Years

Samuel Moore Walton was born on March 29, 1918 to Thomas Gibson and Nancy Lee Walton near Kingfisher, Oklahoma. In Oklahoma, he lived and worked on his family’s farm. He grew up during the depression and knew the meaning of hard work and dedication. He started selling magazine subscriptions by the age of only eight years old to help with money because it was lacking on the farm making it hard to feed their family. The Walton's decided that the farm was not profitable enough to raise a family on. So, Sam and his family decided they would go back to being a Farm Loan Appraiser. Once this job started the Walton family moved out of Oklahoma and moved from town to town in Missouri. This would shake up most children but for the …show more content…
This did not stop the very determined Sam from continuing with his dream. Before the sale was even finalized Sam had already started looking for a new place in town. He didn’t have much luck in finding a place right away until 1950, where he found and purchased a store in Bentonville, Arkansas, which ended up being called Walton's 5 & 10 (Wal-Mart Story). This store was also a member of the Butler Brothers' Ben Franklin chain. The place he bought required a great deal of improvements before it would be able to open, this did not set Sam Walton back, he jumped right in there and got the renovations finished.
In July of 1950, he introduced Walton 5 & 10. He staged his first sales advertising; called the "remodeling sale" and then the following March he had the grand opening. During this time Sam ran both the store in Newport and the one in Bentonville. In 1951, after his landlord took over the Newport store his family and him moved to Bentonville (Bickford 2). They made there selves at home in the community and became quite involved with town activities. Shortly after they arrived Walton already served as president of Rotary Club and president of the chamber of commerce. He was elected to the city council and served on the hospital board. He was again in his life well involved in the community and helped it out in many ways: one being he started a baseball league for little kids (Wikipedia Encyclopedia)
Show More

Related Documents: Profile of an Entrepreneur Essay example

The Big Payback Summary

chronological history of the hip-hop industry, from 1968 to 1984. In Album One, Charnas describes the business and lifestyle of black music leading up to the hip-hop music and culture. He explains this history via the lives of black artists and entrepreneurs of Harlem, “Black America’s capital” such as rappers DJ Hollywood and Grandmaster Flash, the air personality and program director of WBLS (“Black Liberation Station”) Frankie Crocker, record producer Paul Winley who was the first to take notice…

Words 574 - Pages 3

the end Essay

A DVERTISEMENT - SKIP Humanmetrics Jung Typology Test™ Home Your Type Jung Marriage Test™ ISTJ Introvert(11%) Sensing(25%) Thinking(50%) Judging(11%) You You You You Try free demo Entrepreneur Test for Small Business have have have have slight preference of Introversion over Extraversion (11%) moderate preference of Sensing over Intuition (25%) moderate preference of Thinking over Feeling (50%) slight preference of Judging over Perceiving (11%) How Do You…

Words 357 - Pages 2

Importance Of Entrepreneurship

M B MONDLANE 216031781 BMA1A INDIVIDUAL ASSIGNMENT TABLE OF CONTENTS PAGE 1Introduction 2Theme 1, Importance of entrepreneurship 3Theme 2, Profile of the business Business Environments oMicro Environment oMarket Environment oMacro Environment SWOT Analysis Findings about the organization 4Conclusion 5References 6Annexures 3 3 & 4 4 & 5 5 5 5 6 6 & 7 7 8 9 INTRODUCTION Entrepreneurship is less a personality characteristic than it is an economic phenomenon (Maranville…

Words 1001 - Pages 5

Essay about Study Guide

1. Entrepreneur- one who undertakes to organize, manages, and assumes the risks of a business. ENTREPRENEURSHIP- a dynamic process of vision, change, and creation that requires an application of energy and passion towards the creation and implementation of new ideas and creative solutions. ENTREPRENEURIAL MANAGEMENT- the techniques and principles of this emerging discipline will drive the entrepreneurial economy in the twenty-first century. MYTHS OF ENTREPRENEURSHIP: 1. Entrepreneurs Are…

Words 1460 - Pages 6

innovational proposal Essay

internet, there would always the available space in the market for new ideas. Match master is an app that allows the user to create a profile where they are able to upload details about their skin and skin tone. By doing so make-up companies are able to weekly send that consumer products that best suit them based on the details they have uploaded on to their profile. The consumer is also able to upload videos of products they have used to review it and others are able to see the review that one has…

Words 1853 - Pages 8

Paper 1

Canadian Women Entrepreneurs For Prof. K. Weir By G. Trotter August 14, 2010 Date: August 14, 2010 To: Prof. K. Weir From: G. Trotter Subject: Canadian Women Entrepreneurs [pic] Introduction Purpose & Scope & Limitations This report looks at the seven unique traits of Canadian women entrepreneurs. It also looks at Arlene Dickinson, C.E.O. Venture Communications Ltd. This report looks at the history/background, seven traits, and conclusions/recommendations…

Words 1317 - Pages 6

Sample Business Memo Essays

CSR space. In the future you could replace these with the companies in which you invest. 3. Raising your profile by creating profiles: using social media effectively Through social media you can raise your own profile to make entrepreneurs come to you, and in the meantime you can use social media to proactively seek them. A traditional way that a VC investor might raise his profile is by making speeches, networking, and attending conferences, and social media has the power to increase the…

Words 1047 - Pages 5

Entrepreneurship and family Business Essay

priced items “switching”. 4. Social responsibility can only kick in after what Social responsibilities: a company’s ethical obligations to the community. Their contribution starts with creating job and adding to local tax revenues, but many entrepreneurs feel a duty to give back even more to the community in return for the local support they enjoy. 5. Ethical standards are affected by what 6. Small business ownership opportunities include Motivations to start a business To develop…

Words 1874 - Pages 8

SNV Assignment Essay examples

Definitions Burns states: “there is no universally accepted definition of the term entrepreneur” (Burns, 2007), but there are numerous attempts such as: “an entrepreneur is an innovative, risk-taking individual who identifies a need in a market and finds a way to fill it, whether by using his or her own expertise and passion, the knowledge of others, or a combination of the three” (Schrage, 2012). Entrepreneurs differ from the self-employed and small business owner/managers in that they are creative…

Words 1203 - Pages 5

Essay about Internet Technology, Marketing, and Security

source, as opposed to the brand or company itself. Hence, this form of marketing is driven by word-of-mouth, meaning it results in earned media rather than paid media. Analyze the advantages and disadvantages of Social Media Marketing for business entrepreneurs. Small businesses use social media networks such as Twitter, Facebook, LinkedIn and YouTube to connect with their existing and potential customers. These social networks give businesses the opportunity to build and maintain relationships with…

Words 2361 - Pages 10