Sam Walton

We're all working together; that's the secret. Sam Walton - Work - Success Each Wal-Mart store should reflect the values of its customers and support the vision they hold for their community. Sam Walton - Customers - Commitment Outstanding leaders go out of their way to boost the self-esteem of their personnel. If people believe in themselves, it's amazing what they can accomplish. Sam Walton - Leadership - Belief - Encouragement High expectations are the key to everything. Sam Walton - Encouragement - Ambition Walton's management style was popular with employees and he founded some of the basic concepts of management that are still in use today. After taking the company public in 1970, Walton introduced his "profit sharing plan". The profit sharing plan was a plan for Wal-Mart employees to improve their income dependent on the profitability of the store. Sam Walton believed that "individuals don't win, teams do". Employees at Wal-Mart stores were offered stock options and store discounts. These benefits are commonplace today, but Walton was among the first to implement them. Walton believed that a happy employee meant happy customers and more sales. Walton believed that by giving employees a part of the company and making their success dependent on the company's success, they would care about the company. By the 1980s, Wal-Mart had sales of over one billion dollars and over three hundred stores across North America. Wal-Mart's unique decentralized distribution system, also Walton's idea, created the edge needed to further spur growth in the 1980s amidst growing complaints that the "superstore" was squelching smaller, traditional Mom and Pop stores. By 1991, Wal-Mart was the largest U.S. retailer with 1,700 stores. Walton remained active in managing the company, as president and CEO until 1988 and chairman until his death. He was awarded the Medal of Freedom shortly before his death. Walton died in 1992, being the world's second richest man, behind Bill Gates. He passed his company down to his three sons, daughter and wife. Wal-Mart Stores Incorporated (located in Bentonville, Arkansas) is also in charge of "Sams Club". Wal-Mart stores now operate in Mexico, Canada, Argentina, Brazil, South Korea, China and Puerto Rico. Sam Walton's visions were indeed successful.

Howard Schultz

How the Business Started: Starbucks Coffee, Tea and Spice, as it was first known, roasted its first coffee in 1971. The small coffeehouse in Seattle was the vision of three men -- Jerry Baldwin, Zev Siegel, and Gordon Bowker -- who shared a common passion for fine coffee and tea. Their determination to provide the best quality coffee helped their business to succeed. With success came growth. A decade later Starbucks opened its fourth store in Seattle.

Enter Howard Schultz. In 1981, Schultz was a vice president at Hammarplast -- a Swedish maker of stylish kitchen equipment and housewares. Schulz noticed a small business in Washington state was ordering a large number of a special type of coffee maker. Driven by curiosity, Schultz ventured to the Pacific Northwest from New York City to learn more about Starbucks. He saw the store, and immediately realized the attraction to the coffee bean culture. He eagerly wanted to be a part of that world. Schultz met with Baldwin, Siegel and Bowker and tried to break his way into the Starbucks family. He had a plan to take Starbucks across the country. The founders didn’t share Schultz’s bigger picture approach to roasting coffee, but his persistence paid off. In September 1982, Schultz was hired to head Starbucks marketing and oversee the four Seattle stores.

Schultz later left Starbucks to open a string of specialty coffee stores in Seattle modeled after the typical Italian espresso bar. Schultz quickly raised $400,000 in seed capital and by the end of 1986 he had $1.25 million in equity (including backing by his former Starbucks partners). While Schultz’s stores took off, only a year later in 1987, Schultz bought the original Starbucks franchise. Between 1987 and 1992, Starbucks, under Schultz, opened 150 new stores. In 1990, Starbucks turned a profit, and the company continues to open new stores today.

Outstanding Contributions:

Entrepreneurs make unique contributions to the American economy: Using innovations to grow their businesses, they provide concrete benefits to the national bottom line. These benefits provide an interesting framework in which to view these companies.

Entrepreneurs create innovations that improve our quality of life: Starbucks serves ten million customers a week. The average coffee-loving customer will visit a Starbucks 18 times a month. Rapid expansion has marked Starbuck’s history, but it has remained committed to the value of individuality. Each store has a different lay out with a decor that matches the personality of the neighborhood.

Entrepreneurs create new jobs: With over 3,300 stores around the world, Starbucks employs more than 40,000 people. The Starbucks Corporation’s policy of opening restaurants in office buildings, hotels and outdoor kiosks has invigorated other businesses in surrounding areas.

Entrepreneurs improve our position in global economic competition: Starbucks has rapidly shot beyond the city lines of Seattle and beyond the borders of the United States. More than a dozen countries are home to a Starbucks store. There are over a hundred Starbucks stores in Japan and the United Kingdom alone.

Entrepreneurs reinvest their newly created wealth in the community: Howard Schultz has insisted that Starbucks adopt an environmental mission statement. This pledge commits Starbucks to only buying coffee that has been grown organically. The company also takes an interest in the farming communities that harvest the coffee beans. Starbucks has built schools, health clinics, and safe coffee processing facilities. Locally, Starbucks has worked with stars like Magic Johnson to bring Starbucks stores to poor African American neighborhoods across the country. The Starbucks Foundation sponsors literacy programs, Earth Day clean-ups, and regional AIDS walks.

Howard Schultz earned a BS from Northern Michigan University in 1975. His company, the Starbucks Corporation, sells coffee drinks from over 3,300 stores around the world. The company has entered into agreements with bookstores, airlines and hotels. It also markets its coffee through an online catalogue. Provided by: National Commission on Entrepreneurship. Article on howard, schultz by National Commission on Entrepreneurship

Warren Buffett

Buffett’s early life: He began working at his father's brokerage at the age of 11, and that same year made his first stock purchase, buying Cities Services preferred shares for $38 each. He sold them when the price reached $40, only to see them rocket to $200 a few years later. This taught him the importance of investing in good companies for the long term

Do you know that he ran the partnerships out of his bedroom?

His investment strategy:Buffett employed a three-pronged approach:

1) Generals: undervalued securities that possess margin of safety and meet expected return-to-risk

2) characteristics Arbitrages: company events that are not related to broader market changes, such as mergers and acquisitions, liquidation, etc.

3) Controls: build sizeable holdings, ally with other shareholders or employ proxies to effect changes in companies.

Buffett's philosophy on business investing is a modification of the value investing approach of his mentor Benjamin Graham. Graham bought companies because they were cheap compared to their intrinsic value.

He was of the belief that as long as the market undervalued them relative to their intrinsic value he was making a solid investment. He reasoned that the market will eventually realize it has undervalued the company and will correct its course regardless of what type of business the company was in.

The following are some questions to determine what business to buy, based on the book Buffettology by Mary Buffett:

*Is the company in an industry of good economics, i.e., not an industry competing on price points.

*Does the company have a consumer monopoly or brand name that commands loyalty?

*Can any company with an abundance of resources compete successfully with the company?

*Are the earnings on an upward trend with good and consistent margins?

*Is the debt-to-equity ratio low or is the earnings-to-debt ratio high, i.e. can the company repay debt in few years from its earnings?

*ROE is consistent over its history and high compared to industry averages?

*Is it more than 12%? Or does the company have high and consistent Return on total capital?

*Does the company retain earnings for growth?

The business should not have high maintenance cost of operations, low capital expenditure or investment cash outflow. This is not the same as investing to expand capacity.

*Does the company reinvest earnings in good business opportunities?

*Track record of management accomplishing these investments?*Is the company free to adjust prices for inflation?

Warren Buffett

There was a one hour interview on CNBC with Warren Buffett, the second richest man who has donated $31 billion to charity.

Here are some very interesting aspects of his life:

1. He bought his first share at age 11 and he now regrets that he started too late!

2. He bought a small farm at age 14 with savings from delivering newspapers.

3. He still lives in the same small 3-bedroom house in mid-town Omaha , that he bought after he got married 50 years ago. He says that he has everything he needs in that house. His house does not have a wall or a fence.

4. He drives his own car everywhere and does not have a driver or security people around him.

5. He never travels by private jet, although he owns the world's largest private jet company.

6. His company, Berkshire Hathaway, owns 63 companies. He writes only one letter each year to the CEOs of these companies, giving them goals for the year. He never holds meetings or calls them on a regular basis. He has given his CEO's only two rules. Rule number 1: do not lose any of your share holder's money. Rule number 2: Do not forget rule number 1.

7. He does not socialize with the high society crowd. His past time after he gets home is to make himself some pop corn and watch Television.

8. Bill Gates, the world's richest man met him for the first time only 5 years ago. Bill Gates did not think he had anything in common with Warren Buffet. So he had scheduled his meeting only for half hour. But when Gates met him, the meeting lasted for ten hours and Bill Gates became a devotee of Warren Buffet.

9. Warren Buffet does not carry a cell phone, nor has a computer on his desk.

His advice to young people: "Stay away from credit cards and invest in yourself and Remember:

A. Money doesn't create man but it is the man who created money.

B. Live your life as simple as you are.

C. Don't do what others say, just listen them, but do what you feel good.

D. Don't go on brand name; just wear those things in which u feel comfortable.

E. Don't waste your money on unnecessary things; just spend on them who really in need rather.

F. After all it's your life then why give chance to others to rule our life."

Brian Tracy

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Mike Michalowicz

Michael Michalowicz (born September 24, 1971) is an American entrepreneur, author and television host.

He is the author of the book The Toilet Paper Entrepreneur (published Sept. 2008), is an advocate of a business philosophy by the same name, manages a venture partnering firm called Obsidian Launch and is the host of the reality television program called Bailout!.

Michalowicz was a recurring entrepreneurship expert for CNBC's The Big Idea with Donny Deutsch. He had over ten appearances, including the CES Roadshow series. Michalowicz has also appeared on Fox News, ABC News Now, CNBCs On the Money and Pat Croce's Down To Business.

He authored the book and hosted the reality program as "Mike" Michalowicz as opposed to under his given name, Michael.

The Toilet Paper Entrepreneur

In September 2008, Obsidian Launch released Michalowicz's book The Toilet Paper Entrepreneur. The book is written in an unconventional manner, and emphasizes contrarian business methods. The author argues a successful entrepreneur embodies the flexibility and vision many large companies lack. Michalowicz states that hard-line traditional business planning is ineffective and often detrimental; and that successful growth of a business requires a dynamic planning method, called a 3 Sheet Strategy. In the book, Michalowicz occasionally pulls from his own entrepreneurial background, explaining how funding hampered his company's growth and the lack of invest funds in fact helped his businesses grow quickly and healthily.

Anthony Robbins

Anthony Robbins

He is an American self-help writer and professional speaker who have been active for over 30 years. He became well known through his infomercials and bestselling self-help books, Unlimited Power: The New Science Of Personal Achievement and Awaken The Giant Within. Robbins writes about subjects such as health and energy, overcoming fears, persuasive communication, and enhancing relationships. He also became well known in America and internationally through infomercials promoting personal development audio programs and motivational seminars. His audio programs, seminars and self-help products featured Neuro-linguistic programming and Ericksonian hypnosis which he studied at the start of his career. Robbins seminars also used fire walking as a metaphor for overcoming fears and limiting beliefs. Later, Robbins combined his skills and techniques with other methods claimed to affect personal change.

In his book, Awaken the Giant Within, Robbins recounts meetings with public figures such as Nelson Mandela, Mikhail Gorbachev, Bill Clinton, Margaret Thatcher, François Mitterrand, and Princess Diana.

In his Personal Power and Get the Edge infomercials, designed to sell audio programs through 30 minute television advertisements, celebrities who are reported to have appeared without compensation to endorse his work have included Fran Tarkenton, Pamela Anderson, Quincy Jones, Erin Brockovich and Anthony Hopkins.

It was reported in the New York Times that in December 1994 President Bill Clinton invited Robbins, along with Marianne Williamson and Dr. Steven R. Covey, to Camp David, although they refuse to divulge the substance of their meeting with the Clintons. Covey said only that it was 'marvelous'". Sports figures and teams that Robbins has mentally coached to improve their performance include Greg Norman, Andre Agassi, the Los Angeles Kings hockey team, and Mike Tyson.

Robbins has helped Diego Sanchez with his mental preparation.

Robert T. Kiyosaki

Robert Toru Kiyosaki

an investor, businessman, self-help author, motivational speaker and inventor. Kiyosaki is best known for his Rich Dad, Poor Dad series of motivational books and other material. He has written 15 books which have combined sales of over 26 million copies. Although beginning as a self-publisher, he was subsequently published by Warner Books, a division of Hachette Book Group USA, currently his new books appear under the Rich Dad Press imprint. Three of his books, Rich Dad Poor Dad, Rich Dad's CASHFLOW Quadrant, and Rich Dad's Guide to Investing, have been on the top 10 best-seller lists simultaneously on The Wall Street Journal,USA Today and the New York Times. He has created three "Cashflow" board and software games for adults and children and has a series of "Rich Dad" audio cassettes and disks. He also publishes a monthly newsletter. He found her love which is also a successful business women called Kim Kiyosaki, the author of Rich Women.

Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money—That the Poor and Middle Class Do Not!

Robert Kiyosaki is best known for his book Rich Dad, Poor Dad, the #1 New York Times bestsellers. The book become the best seller, the central concept of the book is an anecdotal comparison of his "two fathers." His "poor dad" was his biological father, who became Superintendent of the Hawaii State Department of Education but had very little real net worth. Contrasted with this is his (arguably fictitious, see "Criticism and controversy" section of this article) "rich dad," advocates tax-advantaged investment vehicles, such as real estate or businesses, rather than ownership of securities. This idea is further developed in his later books and "Rich Dad" became Kiyosaki's personal brand for various publishing ventures.

Cashflow Quadrant: Rich Dad's Guide to Financial Freedom

Cashflow Quadrant is a personal finance and investing book written with Sharon Lechter, C.P.A. as the sequel to Rich Dad, Poor Dad. In it, Kiyosaki discusses what he calls the cashflow quadrant: a grid consisting of the letters "E", "S", "B", and "I." The cashflow quadrant itself is just an illustrative tool to show the difference between Employees, Self Employed/Small Business owners, Business owners (not directly involved in the day-to-day operation of the company), and Investors. Kiyosaki discusses the differences between concepts and ideas characteristic of each quadrant, particularly as they relate to passive income and tax advantages.

E – Employee: In this quadrant a working person is paid based on the job description or commissions. In order to make more money one needs to depend on working extra hours, extra sales, or shoot for a promotion. In this area you are paid by position and not who you are as a person.

S – Self employed: In this quadrant a person has more independence. They are somewhat free to set their hours and work with some type of specialty skill. They are what we call the professional such as doctor, lawyer, school teacher or sole trader. Income potential can be generally higher, based on how much energy is put in. Since you are self employed, if you do not show up to work, no money is made. You just can’t stop working!

B – Business owner: In this quadrant a person now owns a system. They no longer need to invest their own time physically “working”. They have a system that runs on its own. In this case the business owner can even stop working and take a vocation if he or she want to, and have the system generate income during that time.

I – Investor: This is the quadrant where wealth is created. At some point if one truly wants to generate massive income they will eventually end up in this quadrant. This is the area where you have your money start working for you, instead of you working hard for your money. Investors can invest in different ventures like businesses, stock, mutual funds, and real estate.

Why We Want You To Be Rich coauthored by Donald Trump

Why We Want You To Be Rich is a book written by both Robert Kiyosaki and Donald Trump. It encourages individuals to become financially literate to combat the upcoming problems facing America, such as the shrinking middle class and the entitlement mentality and many others.

Rich Dad's The Business School

This book is about tell why the network marketing business is the most effective business school for you. He said inside the network marketing business, there are always leaders to help you. They will give you the supports and some effective tools, systems and strategies to help you to become successful. One of the great things of Network Marketing business is the leaders want you to be successful, because the more successful you become, the more successful they will become as well. Its a win-win situation, they will have you to become a leader first before they can become successful. Besides that, Robert always says: "The richest people in the world build network, everybody else looking for a job." and network marketing business is a network business. Besides, this type of business give you the opportunity to build your residual income. Robert suggest that nowadays, you should use your part time to build your business, and network marketing is a good choice because its low start up cost and there are already a proven success system there to assist you. What you need is just follow the system and you will create your fortune there. No doubt todays you can see a lot of people become successful in the network marketing system. Some of them not even have a formal education. This mean network marketing offer an equal opportunity for the public. There are still a lot of advantages can be discovered in the network marketing business.

Donald J. Trump

Donald J. Trump

an American business magnate, socialite, author and television personality. He is the Chairmanand CEO of the Trump Organization, a US-based real-estate developer. Trump is also the founder of Trump Entertainment Resorts, which operates numerous casinos and hotels across the world. Trump's extravagant lifestyle and outspoken manner have made him a celebrity for years, a status amplified by the success of his NBC reality show, The Apprentice.

He is well known with his THINK BIG and NEVER GIVE UP. He did what he said, he has been always thinking big and never give up in anything he are doing. He was facing a lot of financial battles in his life but he manage to fight back and success. With his no. 1 reality show which CNBC said the show will not be successful, he now has become even more famous and successful.