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Inspiring Biographies

Get Inspired by a True Success Story: IKEA by Ingvar Kamprad

I strongly believe there is a lot to learn from others and I personally I love to learn from the true professionals. That’s why I believe in professional coaching and that’s why I love reading success stories. Today, I’d like to share with you the inspiring story of the Founder of IKEA: Ingvar Kamprad. In the video interview you can watch at the end of this post, Ingvar share an irrefutable truth of success: “Only people who sleep do not take risks.”

You can do so much in 10 minutes’ time. Ten minutes, once gone, are gone for good.. Divide your life into 10-minute units and sacrifice as few of them as possible in meaningless activity. – Ingvar Kamprad

Ingvar Kamprad was born on 30th March, 1926 in Ljungby, Sweden. “Kamprad began to develop a business as a young boy, selling matches to neighbors from his bicycle. He found that he could buy matches in bulk very cheaply from Stockholm, sell them individually at a low price and still make a good profit. From matches, he expanded to selling fish, Christmas tree decorations, seeds and later ball-point pens and pencils. When Kamprad was 17, his father gave him a reward for succeeding in his studies. He used this money to establish what has grown into IKEA.

At first, IKEA sold pens, wallets, picture frames, table runners, watches, jewelery and nylon stockings – whatever Ingvar found a need for that he could fill with a product at a reduced price.

In 1945 Ingvar put the first IKEA advertisements in local newspapers. He also began operating a makeshift mail order catalog. He distributed his products via the county milk van, which delivered them to the nearby train station. Soon after that, furniture has been introduced into the IKEA product range. It was produced by local manufacturers in the forests close to Ingvar Kamprad’s home. The positive response was gratifying, and the line expanded.

The acronym IKEA is made up of the initials of his name (Ingvar Kamprad) plus those of Elmtaryd, the family farm where he was born; and the nearby village Agunnaryd.”

Today, his IKEA which is known as the best furniture in terms of cost has stores in 34 countries and has now expanded into Asia.

His networth according to Forbes March 2008 is estimated at around $33 billion ranking him top in Europe and 4th richest man in the world. Today, his estimated net worth (2010) is about US $23 billion.

How does this success story, success living-proof, make you feel?

Sources
http://en.wikipedia.org/wiki/Ingvar_Kamprad
http://www.brainyquote.com/quotes/authors/i/ingvar_kamprad.html

 

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