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Thrivetime Show | Business School without the BS

Business | What Is IKEA and Why Do They Win (The IKEA Story Part 2)

Thrivetime Show | Business School without the BS

Clay Clark

Business, Entrepreneurship

4.71.5K Ratings

🗓️ 13 April 2023

⏱️ 20 minutes

🧾️ Download transcript

Summary

Transcript

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0:00.0

Want to attend the legendary Thrive Time Show Business Workshop for free?

0:09.5

Subscribe on iTunes, leave an objective review, and send us confirmation at infoatthrivetimeshow.com

0:16.3

to claim your tickets.

0:17.8

Want to live in a van down by the river?

0:19.7

Come by and see us at our Riverwalk offices and we'll be able to make your dreams come true.

0:25.8

Greetings, Thrive Nation. Welcome back to the Thrive Time Show on your radio.

0:30.8

And today, as we often do, we're breaking down the life and times of a very, very successful entrepreneur.

0:36.8

And this guy, his name is Ingvar Comprat, and he's the founder of Ikea.

0:41.8

He was born there in 1926 and lived until 2018.

0:46.8

He passed away this year at the age of 91.

0:49.8

After leaving the earth with 398 iconic Ikea stores, Ikea, where the customer provides the service themselves.

0:58.8

Amen.

0:59.8

So Ikea, I want you to look this up here.

1:01.8

I want to put this on these show notes because how big is the average Ikea store?

1:05.8

I want to get, I want to tee that up, how big is the average Ikea store?

1:09.8

At age 17, you know, Ingvar realizes, hey, it's the time of World War II.

1:14.8

People are struggling to find matches.

1:16.8

They're struggling to find pencils. They're struggling to find just the items office supplies, seeds to plant things.

1:23.8

He becomes a reseller.

1:24.8

He basically finds a product, buys it low, sells it higher, and he does this for seven years.

1:30.8

Then at the age of 24, it occurs to him, hey, I live by a forest.

1:35.8

You know what? There's a furniture.

...

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