Ingvar Kamprad founded IKEA back in the 1940s and built it into the world's largest furniture retailer with stores in 47 different countries, He developed a reputation for frugal spending habits and strict business ethics, which made him one of the most respected business leaders on the planet. Here are his thoughts on a variety of topics:
The IKEA spirit is a strong and living reality. Simplicity in our behavior gives us strength. Simplicity and humbleness characterize us in our relations with each other, with our suppliers, and with our customers.
What else could I do with my age? Grow tomatoes in an allotment behind the house? I don’t know how to do anything apart from sell furniture. I am your classic specialized idiot.
I'm not afraid of turning 80 and I have lots of things to do. I don't have time for dying.
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.
Simplicity and common sense should characterize planning and strategic direction.
To design a desk which may cost $1,000 is easy for a furniture designer, but to design a functional and good desk which shall cost $50 can only be done by the very best.
Waste of resources is a mortal sin at IKEA.
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.
The word impossible has been and must remain deleted from our dictionary.
The most dangerous poison is the feeling of achievement. The antidote is to every evening think what can be done better tomorrow.
I could have an office all to myself, but since my collaborators don’t have one, then I too am content to have a desk in the shared room.
Only those who are asleep make no mistakes.
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.
I'm a bit tight with money, but so what? I look at the money I'm about to spend on myself and ask myself if IKEA's customers can afford it... I could regularly travel first class, but having money in abundance doesn't seem like a good reason to waste it.
Happiness is not reaching your goal. Happiness is being on the way.
Hope you enjoyed!
Want to take your career to the next level? Click here.