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FoundersJan 20, 2020

#107 Sol Price (Costco)

Summary, books mentioned, transcript quotes, and timestamps for #107 Sol Price (Costco) on Founders.

Notable books mentioned: Saul Price, Retail Revolutionary and Social Innovator by Robert Price, Sam Walton

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Saul Price, Retail Revolutionary and Social Innovator cover
Mentioned at 3:37
Saul Price, Retail Revolutionary and Social Innovator
Robert Price

The host highlights the significant impact Saul Price had on his colleagues and the retail industry, emphasizing his leadership qualities and innov…

Sam Walton cover
Mentioned at 33:37
Sam Walton

The host mentions the book 'Sam Walton' to illustrate the interconnectedness of influential business leaders and their ideas. He emphasizes how Sau…

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#107 Sol Price (Costco)
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Episode summary, books & quotes

#107 Sol Price (Costco) mentions Saul Price, Retail Revolutionary and Social Innovator by Robert Price and Sam Walton with timestamps, quotes, and episode context.

Episode summary
What I learned from reading Sol Price: Retail Revolutionary & Social Innovator by Robert E. Price. ---- 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] ---- Founders Notes gives you the ability to tap into the collective knowledge of history's greatest entrepreneurs on demand. Use it to supplement the decisions you make in your work. Get access to Founders Notes here. ---- “I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — Gareth Be like Gareth. Buy a book: All the books featured on Founders Podcast
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Summary, books mentioned, transcript quotes, and timestamps for #107 Sol Price (Costco) on Founders.

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  • The conversation centers on Influence of Saul Price.
  • A second recurring theme is Saul Price's leadership qualities.
  • Referenced books include Saul Price, Retail Revolutionary and Social Innovator by Robert Price and Sam Walton.
  • The strongest audience signal points to Business professionals and aspiring entrepreneurs.

Which books are mentioned in #107 Sol Price (Costco)?

Saul Price, Retail Revolutionary and Social Innovator by Robert Price and Sam Walton are the clearest linked books in this episode, each tied back to transcript timestamps and quote cards.

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Mention sentiment
Deep Dive(2)
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Business professionals and aspiring entrepreneurs

Books Mentioned

Saul Price, Retail Revolutionary and Social Innovator cover
Best for Business professionals and aspiring entrepreneursOften cited around Saul Price's leadership qualities

The book discusses the life and career of Saul Price, highlighting his impact on business ethics and retail innovation.

View mention details
Sentiment: Deep Dive
For: Business professionals and aspiring entrepreneurs
Key quote: He believed in developing strong operating efficiencies and he continually emphasized passing on savings to customers.
The host highlights the significant impact Saul Price had on his colleagues and the retail industry, emphasizing his leadership qualities and innovative concepts. The mention of the book serves to illustrate the lasting legacy of Saul's teachings and their relevance in today's business environment.
ASIN: 0988680602
Buy on Amazon
Sam Walton cover
Best for Business professionals and aspiring entrepreneursOften cited around Influence of Saul Price

The speaker mentions learning about Sol Price from Sam Walton's biography, highlighting the value of paying employees more than necessary.

View mention details
Sentiment: Deep Dive
For: Business professionals and aspiring entrepreneurs
Key quote: He believed in developing strong operating efficiencies and he continually emphasized passing on savings to customers.
The host mentions the book 'Sam Walton' to illustrate the interconnectedness of influential business leaders and their ideas. He emphasizes how Saul Price's teachings significantly impacted the business philosophies of both Sam Walton and Jim Sinegal.
ASIN: 0345538447
Buy on Amazon

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