One of the greatest fortunes ever amassed was built on a clear understanding of the target clientele. Are you clear about yours? Check out this episode of #70secondCEO.
Read full transcript:
Hi everyone, Carl Gould here with your #70secondCEO. Just a little over a one minute investment every day for a lifetime of results.
Sam Walton when he went for his loan, said to a loan officer “here’s my idea, I wanna build a mega supermarket out in rural areas, in lower income areas where there’s less population”. I mean it sounded like the craziest business model and people you know, banks turn them down over and over again but Sam Walton when he passed away was the richest man in the world and if you look at the richest people in the world, his six family members who inherited the Walton fortune are in the top 20. You guys just find out who you love serving and serve that person, there is the Tiffany’s customer, there’s the Walmart customer once isn’t better than the other, you just have to address what the top 5 is for each one of them, right. So just pick your path and then serve them impeccably.
Like and follow this podcast so you can learn more. My name is Carl Gould and this has been your #70secondCEO.