Role Model of Enterpreneur

Li Ka-Shing

Li Ka-Shing was born on 13th June 1928 in Chaozhou, China. He was orphaned at the age of 15 due to which he had to abandon his education and look for a job to support his family. 

Early life

Mr. Li first job was at a plastics trading company where he worked for almost 16 hours daily. He also sold watches at his uncle’s store. Soon he became popular for his selling skills and was given the additional responsibilities of controlling the factory’s operations and product commercialization. 

IKEA Flat Pack Warehouse

IKEA's History

Billionaire Leadership Lessons from Ingvar Kamprad

Ingvar Kamprad quotes

" I'm not afraid of turning 80 and I have lots of things to do. I don't have time for dying. " 

" Time is your most important resource. 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. "

" Making mistakes is the privilege of the active. It is always the mediocre people who are negative, who spend their time proving that they were not wrong. "

" Being humble isn't the same as keeping a low profile. If you have something important to say, say it. Being humble means admitting your weaknesses, and trying to put them right. "

" 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. "

http://www.quotecorner.com/Ingvar-Kamprad-quotes.html

Ingvar Kamprad
Way to success

17 yrs (1943)
His father gave him a gift for succeeding in his studies. The gift was used to establish his own business. The name IKEA was formed from the founder's initials (I.K.) plus the first letters of Elmtaryd and Agunnaryd, the farm and village where he grew up. IKEA originally 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. 

19 yrs (1945)
The first IKEA advertisements appear in local newspapers. When Ingvar Kamprad outgrew his ability to make individual sales calls, he began advertising in local newspapers and operating a makeshift mail order catalog. Soon 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. 

27 yrs (1953)
The furniture showroom is opened in Almhult. The IKEA range focused to home furnishing products in the early 1950s. The opening of the showroom was an important moment in the development of the IKEA concept. For the first time customers could see and touch our furnishings before ordering. This came about as a solution to a problem. IKEA found itself in a price war with its main competitor. As both companies lowered prices, quality came at risk. By opening the showroom, IKEA could in three dimensions present its products with function, quality and low price. And people did just what IKEA had hoped: they wisely chose the products with the best value for the money. 

29 yrs (1955)
Pressure from its competitors caused suppliers to boycott IKEA. IKEA begins designing its own furniture.

47 yrs (1973)
The first store outside Scandinavia is opened outside Zurich, Switzerland. Its success paved the way for a rapid expansion in Germany, which is the largest IKEA market today.





49 yrs (1975)
The first IKEA stores are opened in, Canada and the Netherlands.

59 yrs (1985)
The first IKEA store opens in the USA. During the next seven years new IKEA stores are opened in the UK, Italy, Hungary, Poland, Czech Republic and United Arab Emirates. 






67 yrs (1993)
IKEA reaches 114 stores in 25 countries.

71 yrs (1997)
IKEA introduces Children's IKEA. IKEA has always provided furnishings for the entire family. But since kids are the most important people in the world, IKEA decided to put them in the spotlight.

73 yrs (1999)
IKEA numbers 53,000 co-workers across a global network of over 150 stores in 29 countries on four continents. Ingvar Kamprad initiated the Big Thank You Event as a millennium reward to the many co-workers within the IKEA group. The total of all sales worldwide on this special day was given to the employees. The goal for the day was high, but the actual result was higher – approximately 187 million NLG. Every co-worker, from the snack bar staff and stock clerks to the president, got the same bonus. For most, this bonus was more than a month's pay. 



74 yrs (2000)
The first IKEA store opens in Russia.

79 yrs (2005)
As of March, the sliding value of the U.S. dollar put Kamprad ahead as the richest person in the world in another report.

80 yrs (2006)
In March, Forbes magazine estimated his fortune at US$28 billion.

http://www.ikea.com/ms/en_CA/about_ikea/the_ikea_way/history/index.html
http://www.myviplife.com/lifestories/vipbusiness/Ingvar_Kamprad_bi.php?c=10

Role Model of Entrepreneur

        Ingvar Feodor Kamprad

        Ingvar Feodor Kamprad was born in the south of Sweden in 1926 and raised on a farm called Elmtaryd, near the small village of Agunnaryd. He is a Swedish business magnate. He is the founder of IKEA, a retail company specializing in furniture. He began with two empty hands but has become one of the richest people in the world. 

       Early Life

Ingvar Kamprad began his entrepreneurial career as a young boy at the age of five. He sold matches to neighbours by 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 sell fish, Christmas tree decorations, seeds and later ball-point pens and pencils.

Entrepreneurship

Best Motivational Video For Startups And Entrepreneurs

The 10 Myths of Entrepreneurship

Inspirational quotes

http://www.pinterest.com/kauffmanfdn/entrepreneurial-inspiration/

• An individual who organizes and operates businesses, taking on financial risk to do so.

 Quality of entrepreneur

• Self-motivated. Successful entrepreneurs do not need someone who holds them accountable or forces them to be efficient and productive. 
• Disciplined. Entrepreneurs are focused on making their businesses work, and eliminate any hindrances or distractions to their goals.
• Confidence. They does not ask questions about whether they can succeed or whether they are worthy of success. They are confident with the knowledge that they will make their businesses succeed.
• Creativity. One facet of creativity is being able to make connections between seemingly unrelated events or situations. Entrepreneurs often come up with solutions which are the synthesis of other items. They will re-purpose products to market them to new industries.
• Passion. They are willing to put in those extra hours to make the business succeed because there is a joy their business gives which goes beyond the money. 
• Intuitive. Successful entrepreneur created his own path with his intelligence, creativity and intuition. 

http://under30ceo.com/10-qualities-of-a-successful-entrepreneur/

http://www.iplanner.net/business-financial/online/how-to-articles.aspx?article_id=entrepreneur-characteristics