Billion Dollar Lessons from Costco

by Minority Fortune

Costco Now Earning $70 Billion a Year

It doesn’t hurt to take a few pages out of a billion dollar company. It’s always refreshing to hear of success in whatever form it may come in. It’s even more refreshing when it’s the tale of an honest start-up climbing its way up the ladder.

Check out this video:

Their Formula to Success:

  • Chose a newly emerging trend and duplicated it in the least competitive area of US, the Northwest
  • Avoided excessive executive pay
  • Financed with ample venture capital
  • Offered the lowest prices on its products
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