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Profit in business comes from repeat customers, customers that boast about your project or service, and that bring friends with them. Business, that's easily defined - it's other people's money.
Wal-Mart Joins a Retail Trade Group
The Russian retail association, a lobbying organization, said Wal-Mart Stores had joined the group in the latest in a series of moves indicating its interest in expanding into Russia.
“Wal-Mart is working on the Russian market,” Ilya Belonovskiy, the executive director of the industry group, said. In April, Wal-Mart appointed an executive to head its efforts to explore business opportunities in Russia and neighboring markets. The discount chain, started by Sam Walton in 1962, has become a central figure in scores of social, economic and political debates, from health care to immigration to gun control.
Supporters contend that the chain’s legendary low prices have democratized consumption, allowing low-income households to afford flat-screen televisions and nine-layer lasagna. Critics say those low prices have depressed domestic wages and exported manufacturing jobs to foreign countries, hurting Americans more than helping them.
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Economic depression cannot be cured by legislative action or executive pronouncement. Economic wounds must be healed by the action of the cells of the economic body - the producers and consumers themselves. One more thing is in the business world, everyone is paid in two coins: cash and experience. Take the experience first; the cash will come later. Remember, a business that makes nothing but money is a poor business.
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