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IKEA
Acquired
Begin with a Bold Loan
Ingvar demonstrated entrepreneurial spirit from a young age, starting with small-scale sales in his community and discovering product market fit by importing fountain pens. At just 12 years old, he prudently took a 500 kroner loan, which he quickly repaid, marking it as the sole capital ever raised for IKEA. This initial foray into financing allowed him to scale his business without needing outside investment or accumulating debt, ultimately leading to IKEA's status as the world’s largest furniture retailer, wholly owned by him without any external shareholders.
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