Some Advice From Forrest Lucas

The founder of Lucas Oil Products shares some advice in Fortune magazine:

Be honest to a fault. We get lots of deals when a sponsor falls out for a race at the last minute, and people come to us. We don't need to draw up a contract because they know if we give them our word, it's a done deal.
Put your employees first. Before you open a business somewhere, see whether it's a nice environment where people will want to live. See what it will cost your employees to live there because that's going to determine what you have to pay.
Use products made in the U.S. If we can get it made here, we use it. Everything in our oil, additives, and bottles is made in America. We can buy things cheaper elsewhere, but we need to buy things from each other to get out of this economic mess.
Be fair. We treat our vendors like family because we're also a vendor. Ask for a good deal, but don't grind anyone into the ground. Let others make a living too.

You can tell he wasn't a product of Business School.  He wouldn't earn an MBA with common sense and decency like that.