Eight Fascinating Facts About Ingvar Kamprad and IKEA

Eight Fascinating Facts About Ingvar Kamprad and IKEA

Eight Fascinating Facts About Ingvar Kamprad and IKEA
28
JANUARY, 2018
Samuel Osho

As furniture subtly crept into our daily lives, a unique entrepreneur from Sweden made life easy for humanity. Kamprad blessed the world with Billy bookshelves, Friheten sofas, Kallax shelf units, Lack side tables and many more. Ingvar Kamprad, the brain behind the outstanding success of IKEA, a furniture-making company, has died at the age of 91.

According to his family, he died “peacefully” in his sleep on January 27, 2018. He left quietly but the echoes of his footsteps as he departed has woken everyone in the neighbourhood.

 

As the world pay tributes, I am here to share about the ingenuity of a young industrious man who climbed the slippery ladder of wealth with a fortune made from furniture. I am naturally attracted to creative and innovative people – Kamprad, a trailblazer belongs to this clan.

 

I want to write about the ambience of intelligence and creativity that beam with smiles when you stroll into a store full of IKEA furniture. I want to add letters to the simplicity that flows from the frugal life of the Swedish business magnate and the excellence he left behind for unborn generations.
He molded a company that “cares” about the needs of the common man who can’t do without a piece of furniture. Kamprad started a revolution that has outlived him – you can set-up your furniture (chairs, sofas, wardrobes, cupboards) yourself from a flat-pack in 45 minutes. He pioneered the flat-pack furniture series – an innovation that raised him shoulder high above his competitors.
Here are some interesting facts about the exceptional business tycoon.
The Eight Fascinating Facts

1. Kamprad made his first business deal at age five.

At a young age of five, Kamprad started developing his entrepreneurial skills by selling matches in his village, Smalad. He started this business when he discovered that he could buy matches in bulk at a cheap price from Stockholm and make appreciable profits from sales.

The farm boy with a bicycle at seven traveled to neighbouring fields to sell his matches. He later expanded his line of goods by selling fish, Christmas decorations, ballpoint pens, seeds, and pencils.

2. He started IKEA at age 17.

Kamprad started IKEA in 1943, four years into the bloody World War II. He used some money he got from his father as a gift for performing well at his studies despite his dyslexia. He started out by selling carbon copies of his Uncle Ernst’s kitchen table. Five years later, he diversified his product lines and added furniture. He retired as CEO in 1988 and stepped down from the company’s board in 2013 at the age of 87.

3. Kamprad lived a frugal life.

Despite the success of his company, he was the billionaire with a reputation for penny-pinching and an epitome of extreme frugality. During the inventory of his estate in 2013, it was reported that he had only two cars – a 2008 Skoda and a 1993 Volvo 240. He was known for flying economy class and shopping for second-hand clothes at flea markets.

 

4. He was the second richest person in Europe.

According to The Bloomberg Billionaires Index, the worth of Kamprad before his death was $59billion. At the time of his death, he ranked as the second richest man in Europe behind Amancio Ortega and only seven men were ahead of him on the world map.

5. Kamprad left Sweden so he could pay lower taxes.

In a bid to reduce his taxes, Kamprad left Sweden for Denmark in 1973 and eventually settled for Switzerland in 1976. He lived in Switzerland for 38 years before returning home in 2014.
“Creativity and believing in your work is absolutely a necessary part of success.” – Ingvar Kamprad
Before I conclude, let’s look at some interesting facts about his multi-billion dollar company, IKEA.

6. IKEA is an acronym.

The first two letters of IKEA originates from his names – Ingvar and Kamprad while the two remaining letters came from the name of the farm he grew up, Elmtaryd, and the nearby village, Agunnaryd. His love for Sweden can be seen in the two main colors of IKEA which can be found on the Swedish national flag – blue and yellow. He placed Sweden on the world map.

 

7. IKEA is the world’s largest consumer of wood.

The furniture-making company has grown over the years with a total of 412 stores in 49 countries. To meet the demands of their ever-increasing customers, they munch wood and consumes 1% of the world’s supply of wood.

 

 

8. IKEA has a store on every continent except South America.

Well, there is an IKEA store in the Dominican Republic and this part of the world is often considered as the Carribean. Hopefully, South America will get an IKEA store soon.

 

Source: Store locations by continent as at Aug. 2016 (www.ikea.com)
In conclusion, this is the story of a young farm boy from the village of Smalad that rose through the ranks of life to become one of the greatest entrepreneurs of the 20th century. Kamprad’s life teaches about the discipline to stay focused on an idea until it blossoms.

It unravels the power of an idea successfully birthed by a visionary leader that understood the essence of consistency. I hope this inspires you to chase success pants down and remain undaunted in the face of challenges until you lay hold of greatness.

Top 10 Inventions of 2017 That Will Inspire You

Top 10 Inventions of 2017 That Will Inspire You

Top 10 Inventions of 2017 That Will Inspire You
24
DECEMBER, 2017
Samuel Osho
The best of entrepreneurs and innovators embark on a personal journey to find viable solutions to their pains and challenges. When compared to an ordinary nagging consumer, innovators see opportunities for scalable businesses where others scream because of a pinch of discomfort. Technology is moving at a top speed and gradually leaving trails that can create a desirable future for its loyal disciples.

Every creative mind knows that the birth of anything valuable is painful – it involves deep thinking, resilience and commitment. I totally agree with American Industrialist, Henry Ford, when he shared his thoughts about the price of thinking: “Thinking is one of the hardest work there is, which is probably the reason why so few engage in it.”

Irresistible innovation that is often embraced by the world is a product of deep thinking. As usual, we enjoyed some bytes of progress from the castles of technology in 2017 because some creative thinkers went to work.

Here are my top ten inventions of 2017 and I think every creative person out there needs to see this list.

The Top 10 Inventions

1. Fidget Spinners

The popularity of fidget spinners surged in 2017 that it caused a disruption in the way people “handle psychological stress and nervousness.” In classrooms and offices, fidget spinners assisted individuals to indulge in a mild form of distraction. It’s surprising how the “toys” received wide approval from the teeming populace. The craze translated to a spike in sales and revenue for its manufacturers.

 

Although there is no scientific evidence to substantiate the claims, a school of thought opines that the spinners help in the treatment of patients suffering from disorders such as ADHD and autism. As of 2017, the inventor of the fidget spinner is unknown and the status of the patent claims is unclear. At this point, I really don’t care if the inventor is Catherin Hettinger or Scott McCoskery, all that matters is the fact that a spinner is raking in sales from a generation that struggles with low attention span.
Photo Credit: DJI

2. DJI Spark

In the past one decade, the ubiquity of drones is on the increase and on the lips of every digitally inclined mind. Its versatility and multi-purpose nature have made it the target of individuals from diverse sectors. You can use drones for rescue operations, surveillance, relief missions and of course, to capture a cinematic and aerial view of a place either in video or photo formats.

 

The China-based company, DJI have a strong presence in the drone market and its recent release of DJI Spark at a giveaway price of $499USD has changed the way millennials take selfies. I recently operated a drone from the DJI family and I can testify to the cinematic wonder that these flying goblets create. Spark is a smart drone with an average flying time of 16 minutes; sensitive to gestures, easy to operate and free from shakes. It has very impressive features that ensure safe flight and harmless landing.
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Photo Credit: Ember Technologies

3. Ember Mug

According to the Cosmopolitan, “Ember Mug is the Apple Watch of tumblers” and I totally agree with this assertion because of its well-thought-out design. Ember Mug gives coffee lovers a completely new experience where they get to have their beverage at the desired temperature. The mug keeps your coffee at the desired temperature for two hours on the go; it retains and regulates heat. Its aesthetic appeal and intelligence have made it the cynosure of all eyes.

 

The ceramic mug which has a charging saucer was launched on Nov. 9 and it’s available for sale in 4,600 U.S. Starbucks stores. The Ember Travel Mug won the 2017 IDSA IDEA industrial Design Awards. These are the inventions of Ember Technologies and the founder of the Los Angeles-based company, Clay Alexander, definitely had his thinking cap on to pull this off.

 

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Photo Credit: The Verge

4. Linktree

For lovers of Instagram, the launch of Linktree is a big relief and a shortcut to having a bio that can house more than one link. Linktree is a web application that can help you add multiple custom links to your Instagram bio. It uses your Instagram handle to create one umbrella link that leads to the “tree of links.”

 

If you are a writer or a brand ambassador that’s concerned about the conversion of leads and engagement metrics from your Instagram profile, you can create a free Linktree account. This is a lovely invention and a social media tool that makes life easy for digital marketers.
Photo Credit: Nintendo

5. Nintendo Switch

Gaming just got better with the new release of a hybrid video gaming console from Nintendo. The extra-ordinary gaming console, Nintendo Switch, hit the stores in March 2017 and it was welcomed with a roaring applause. With the new console, you can game on the go with its hand-held tablet format and revert to the normal playing style with its docking station when you get home.

 

The console’s flexibility accommodates both single and multiple players because it has two controllers. Within nine months of its release, Nintendo has sold over 10 million units of Nintendo Switches.
Photo Credit: Engadget

6. Molekule

This is an air filter that does not only trap harmful air pollutants but also destroys them. The physical product made with the aim of helping millions of people breathe better and easier uses a major component called the coated nano-filter. The inventor, Dr. Yogi Goswami started the company with his daughter, Jaya Rao, and son, Dilip Goswami.

 

The price of the air filter is nearly $800 USD, plus $99 USD per year for new filters. Till date, Molekule has raised over $15 million from investors who believe in the dream.
“Thinking is one of the hardest work there is, which is probably the reason why so few engage in it.” – Henry Ford
Photo Credit: The Gadgeteer

7. Norton Core

This is more than just a WiFi router as it comes with security and parental control features to protect every device in the home, from PC to smart TVs. Norton Core is a high-performance router that utilizes advanced machine learning and Symantec’s global threat intelligence network to make your use of Internet a safe cruise.

 

If any device on the network gets a virus, the secure wireless router automatically shuts down the device in the similitude of a sick patient in need of a medical attention. If you have a myriad of smart devices connected to the Internet at home and in the office, then you need the intelligent Norton Core to be protected from hackers.

 

8. Tasty One Top

In 2017, the world got the smartest cooking assistant ever; a versatile appliance with an induction cooktop that looks like a hot plate but syncs with the Tasty smartphone app that contains a library of recipes of your most popular meals. The app in conjunction with the cooker guides the chef through the cooking process via a built-in sensor and a thermometer that tracks the cooking temperature.

 

This is a superb invention which is rare; it is going to change the way people learn how to cook their favorite meals. And above all, trying out new meals becomes easy even if you are an inexperienced chef.
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Photo Credit: CNN

9. Oculus Go

Virtual Reality is now within your reach with Facebook’s Oculus Go. With no PC wires or extra gadgets attached, Oculus Go is an all-in-one VR headset made fit for you. This is a stand-alone computer that will blow your mind with a variety of spatial VR experience. It is set for release in early 2018 at a cheap price of $199 USD. You can pre-order here from authorized retailers.

 

It is portable and an intelligent attempt to make VR experience reachable to every technology enthusiast; designed with adjustable straps, breathable fabrics, and great lenses. You can literally immerse yourself in 1,000 VR games, social apps, 360-degree experiences, and more.
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Photo Credit: The New Yorker

10. Ruggie Clock

This is a revolutionary clock for early risers; a simple but sophisticated reinvention of the traditional alarm clock. If you are tired of snoozing your alarms to steal more sleep on your bed, then you may need to trust the ingenuity packaged in the Ruggie clock. Ruggie clock was built to get you out of bed early because the sound of the clock won’t stop until you place your feet on the soft rug for three seconds.

 

It’s easy to set up; it has a touch activated LED display with powerful built-in speakers.

 

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These inventions are bundles of inspirations to every creative mind or anyone that is poised to make a difference in a noisy world. I was humbled by the creativity embedded in these new inventions; kudos to the dogged inventors, the resilient research teams and unconventional product designers that made these things happen.

 

I am curious! I want to know your top three inventions of the year from this list.

 

What are your top three inventions of 2017 from this list? 

 

PS: All the inventions here were featured in TIME Magazine’s “25 Best Inventions of 2017” except Linktree and Ruggie Clock.

 Photo Credit: Tolu Babarinde (Featured Photo)

 

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