10 Rules for Building a Business

This is from Walmart founder - Sam Walton https://corporate.walmart.com/our-story/history/10-rules-for-building-a-business

1. Commit to your business.
2. Share your profits with all your associates, and treat them as partners.
3. Motivate your partners.
4. Communicate everything you possibly can to your partners.
5. Appreciate everything your associates do for the business.
6. Celebrate your success.
7. Listen to everyone in your company.
8. Exceed your customers’ expectations.
9. Control your expenses better than your competition.
10. Swim upstream.

 When I read through the list, I find it very similar to build a team as a manager.

1. Commit to your work and your team.
   
2. Treat your teammates as partners.
3. Motivate your team.
4. Communicate everything you possibly can to your team.
5. Praise your team.
6. Celebrate your success. Have fun.
7. Listen to everyone in your team.
8. Exceed your customers' expectations.
9. Think two minutes before spend the company's money. (if you think one minute before spend your money)
   
10. Innovate or die.
    

10 key characteristics of a manager

This is from former Walmart CEO - Lee Scott.

1. Hire people smarter than you
2. Ego is the worst enemy of leadership
3. Most of what you say the first time is misunderstood or ignored
4. When people know what you want, they will give it to you.
5. The ability to give honest constructive feedback is a rare talent.
6. Very few people ever feel they are on top of things. There is an underlying fear of failure.
7. Integrity is the single most important characteristic of a leader
8. Sharing praise is a compromise. Give it all away.
9. Even though you feel strongly about something, there is possibility you could be wrong.
10. Your harshest critic may be the most helpful voice you hear.