Sunday, August 1, 2010

Great Expectations

"If people believe in themselves, it's amazing what they can accomplish. High expectations are the key to everything." -Sam Walton

I'm using a quote from a guy who built the ultimate big-box chain even though I'm an independent retailer. There's irony there, but Sam Walton started out as an independent way back when. And in this quote is the kernel of any successful venture, whether in business or in life....the ability to set high goals, standards - whatever you want to call 'em - it's what becomes our inner compass and guides us.

Imagine what happens when that compass is broken. When that surety you felt becomes doubt and mistrust. Low self esteem can do that to a person, you only have to look around to see those that have been affected by it. That's why believing in yourself is so important. Knowing that deep down, you are special, that you have meaning and the work you're doing is worthwhile.

I'm sure that another chain retailer, German billionaire Theo Albrecht, had a mantra similar to Walton's. Theo Albrecht and his brother, Karl, built Europe's Aldi markets, which have 4,000 stores in number worldwide and an estimated $66 billion in sales. Theo bought Trader Joe's from its original owner in 1979. Trader Joe's now has approximately $5.5 billion in sales from 340 stores throughout the U.S. Karl Albrecht is 90 years old. Theo passed away on Saturday. I admired Albrect's corporate vision, which was progressive throughout the time he owned Trader Joe's. Not only is their starting pay higher than the norm in the industry, they have a very good company-matched retirement plan and insurace for their employees. He was a man ahead of his time. Rest in peace, Mr. Albrecht.

We also have high expections at WFS. Unlike many contemporary retail stores these days who are searching for direction, we know where we are going. We're excited about it and Scott and I and our entire crew are invested in getting there. Come in soon and see why we're so excited, or if you can't come in, be sure to stop by our Facebook page to catch up on what's new!

Wishing you all a fabulous week!

Scott and Lori

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