List and describe three important lessons you can learn from the business life of S. Truett Cathy. These lessons must relate to the subject content of this course. (the course is Managerial Accounting). PAPER SIZE: 3-4 double-spaced typewritten pages, with sources. PAPER JUSTIFICATION: You can learn a lot from studying those who have succeeded. Some of the most successful people are those who have established their own businesses. I could have chosen someone like Bill Gates or Michael Dell. They have been hugely successful but the success of a business with a technical focus largely depends on having a technical innovation and from there the business often literally explodes onto the scene and experiences massive growth. Other business leaders such as Sam Walton and S. Truett Cathy choose a business sector which already exists and then excel over their competition. Succeeding in such an environment is extremely difficult, but it does provide a student with an excellent learning opportunity.