Mindset of Successful People: Sam Walton

by Bob Walsh

Precisely 50 years ago, on July 2nd 1962 Sam Walton opened the first Walmart store. It’s an incredibly inspiring story of a self-made billionaire. He started out with a small store, and he made it into:

  • the worlds largest public corporation by revenue
  • the world’s largest private employer with more than 2,000,000 employees worldwide
  • the world’s largest retailer

Walmart is still owned largely by the Walton family. So you sure as hell can learn something about the mindset of successful people when you study Sam Walton.

In 1998, Walton was included in Time’s list of 100 most influential people of the 20th Century. Walton was honored for all his pioneering efforts in retail in March 1992, when he received the Presidential Medal of Freedom from President George H. W. Bush.

Forbes ranked Sam Walton as the richest man in the United States from 1982 to 1988.

So let’s look at what the man had to say himself:

I don’t know what causes a person to be ambitious, but it is a fact that I have been overblessed with drive and ambition from the time I hit the ground.”

That’s part of pretty much the mindset of successful people from any field whatsoever, not just retailing or business. They are driven and ambitious. Now in this Sam Walton quote he said he doesn’t know what causes a person to be ambitious, but whatever it is – you can program your subconscious mind to become more ambitious with hypnosis.

Another related Sam Walton quote:

If I had to single out one element in my life that has made a difference for me, it would be a passion to compete.

A passion to compete. Another element of the mindset of successful people. Being competitive is a character trait that you find among top-performers from all walks of life. And what about you? Are you competitive? Many people don’t have that passion to compete, because they’ve been taught that “it’s not about winning” and that competitiveness is a character flaw. Fortunately you can overcome this social conditioning and allow yourself to express, embrace and develop your own competitiveness.

And what do you think, what Sam Walton an optimist? Or a pessimist? Let’s look at this Sam Walton quote:

It was almost as if I had a right to win. Thinking like that often seems to turn into sort of a self-fulfilling prophecy.

Wow. He was sure of his success. In fact, he felt like he not just earned but owned it! How about you? How do you feel about success, how do you feel about your chances of winning? If you’re not so sure, you can use hypnosis to start believing in yourself.

In fact, the next Sam Walton quote will just stress the importance of having believe in yourself:

I remember sitting on the square right after I bought it [One of the first Walton’s stores] listening to a couple of the local codgers say: ‘Well, we’ll give that guy sixty days, maybe ninety. He won’t be there long.’

Other’s didn’t believe in him. In fact, they believed he’d fail, and they believed he’d fail fast. But he believed in himself, and he hold onto that believe in the face of criticism and ridicule.

I was never a big fan of shopping at Walmart. But I am a big fan of Sam Walton when it comes to studying the mindset of successful people. What he has built in his lifetime from scratch is amazing, and there’s no doubt that what set him apart was his own success mindset.