#107 Sol Price (Costco)
What I learned from reading Sol Price: Retail Revolutionary & Social Innovator by Robert E. Price.
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What was it about this man that engendered so much admiration and respect? [0:01]
Sol Price’s early life [4:39]
Sol Price was a misfit / “If you want to understand the entrepreneur, study the juvenile delinquent. The delinquent is saying with his actions, "This sucks. I'm going to do my own thing.” [5:40]
Learning to love being productive / Sol Price on the importance of time / DO IT NOW! [12:20]
The beginning of FedMart [16:00]
Sol Price learned from other founders [21:25]
Sol Price’s business philosophy [28:50]
What happened when Sol opens a pharmacy in FedMart / A creative solution to being cut off by gasoline suppliers [36:25]
Sol Price’s idea on teaching and “alter egos” / “You train an animal. You teach a person.” —Sol Price [39:13]
The intelligent loss of sales [42:00]
The idea for Price Club [52:37]
What Sol Price meant to his son [1:05:28]
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