Ikea founder Ingvar Kamprad was born in 1926 to a farming family in the southern Smaland region, Mr. Kamprad started off selling matches to neighbors at the age of five and soon diversified his inventory to include seeds, Christmas tree decorations, pencils, and ball-point pens.
He founded Ikea in 1943 at age 17 with the money his father gave him as a reward for his stellar grades.
#Ikea started out as a mail-order firm selling an array of products, including watches, nylon stockings, and picture frames.
However, his business did not hit gold until 1956, when he pioneered flat-pack furniture.
He reportedly got the idea as he watched an employee take the legs off a table to fit it into a customer's car. This made him realize that saving space meant saving money.
“To do business with a clear conscience is an attitude that pays. We have to find more time for ourselves and to regain respect for the environment in which we live.” – Ingvar Kamprad
#wednesdaywisdom
Leave a Reply