About this episode

Darren Hardy shares the story of Sol Price and the lessons on building loyalty in business.

A third-grade teacher once warned that he'd grow up to be either a gangster or someone who did a lot of good. He chose to build better systems. In this episode of DarrenDaily On-Demand, Darren Hardy tells the story of Sol Price, the visionary behind Price Club and the warehouse model that inspired Costco, Walmart, Home Depot, and even a young Jeff Bezos. Price ran on radical honesty and paid his people double what others did. Everyone said he'd go broke; instead, he earned loyalty that money couldn't buy. Darren pulls three lessons from his story for your own business and legacy. Get more personal mentoring from Darren each day. Go to DarrenDaily at http://darrendaily.com/join to learn more.

People in this episode

Host: Darren Hardy

Topics covered

• loyalty
• business systems
• entrepreneurship
• leadership
• radical honesty

Keywords

• loyalty
• business
• Sol Price
• entrepreneurship
• radical honesty
• Price Club
• Costco
• Walmart
• Home Depot

Mentioned in this episode

Organizations: Price Club, Costco, Walmart, Home Depot

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