Topic > Ikea - Ingvar Kamprad - 1418

Ingvar Kampard"Only he who sleeps makes no mistakes"- Kampard It was 1926, a child was born to a poor couple living on a farm near Agunnaryd, Sweden. That boy who had an innate inspiring ability to do business, as well as a skilled decision maker. His first business was selling matches. He packs the things in his old bicycle and starts selling them to nearby houses. He was only 10 years old. When he was 17, he did well in his studies. Then his father gave him a reward for his success. At that adolescent age, kids normally spend money lavishly. But do you know what he did? He invested in his dream business; a home furnishings retail store, IKEA. That young investor was Ingvar Kamprad, founder of IKEA. According to Forbes magazine in 2008, Kamprad was the seventh richest man on the planet, with an estimated fortune of $31 billion. There is no doubt that IKEA is considered one of the most renowned companies in the world, with a workforce of 75,000 employees and a growing network of 200 stores in 31 countries. Furthermore, IKEA shows a sales figure of 12 billion dollars per year. Kamprad has never stood still. From selling matches at the age of ten to scouring the world to enter innovative furniture markets, Kamprad has used his time to the best of his ability. Always look for what the question is and satisfy it. Truly understanding the question is an art. Legendary entrepreneur Ingvar Feodar Kampard was born on March 30, 1926. Kampard grew up near Agunnaryd, a small farm called Elmtaryd. As a boy, he has no childish attitude in playing or spending his parents' money. Instead he acquired an innate quality in doing business. Kampard's entrepreneurial drive began with an accident. When he was young he would get up early to milk the cows with his father, but he was so reluctant to get up early. Their parents always worry about little Kampard's attitude. "Sleepyhead!" his father would say. “You'll never do anything!”. All these things changed when he got the alarm clock on his birthday, "I'm going to change my life," he said with determination, he set the time to 5.30 and removed the off button from the clock. 10 started his first business, buying matches wholesale in Stockholm and selling them for small profits to his neighbors, the demand for this type of sale increased so he planned to give some discounts to boost his sales.