ArabianBusiness.com - Middle East Business News
Sunday, 14 March 2010 16:29 UAE time

YOUR DIRECTORY /

Print Print | Email Email | Discuss this article (0 Comments)
| Share |

One great story

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Saturday, 14 June 2008

His story is a classic tale of rags to riches. Despite many huge disappointments along the road to riches, The One founder Thomas Lundgren kept on going - and kept on going.

The banks didn't want to know him. The venture capitalists laughed at his ideas. The private investors wouldn't return his calls.

Today, he runs a retail empire easily worth US$200m.

Story continues below
advertisement

His story is a lesson to all budding small businesses: keep on going. Just because one bank - or for that matter 10 banks - say no to you, it doesn't mean they all will. Just because your idea doesn't make sense to some people doesn't mean it won't work.

What it takes to succeed is an incredible amount of both hard work and sheer belief in what you are doing. Lundgren has never lacked either. Which is why he deserves his success so much.

Anil Bhoyrul is the editorial director of ITP Executive.

RELATED LINK: Finding The One

Print Print | Email Email | Discuss this article
| Share |


READERS' COMMENTS

Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.

Click here to post a comment


Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Arabian Business would like to point out that only comments relevant to the story will be published. Any containing personal insults or inappropriate language will not be approved.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments


Please click post only once - your comment will not be published immediately.


MORE FROM ARABIANBUSINESS.COM

From  Current Issue

SHARE PRICE CHECK

RELATED STORIES

THE One
| 8 stories
  1. Community champions or window displays?
  2. Learning from the best

RELATED LINKS

  1. THE One»

 EMAIL ALERTS

  1. THE One

  2. Retail


CURRENCY CONVERTOR

Tell us your story

Best of 2009 - Special Report

Think Tank

READER COMMENTS

  1. Iran rejects UAE's claims to 3 disputed islands 08
    14 Mar ' 10 at 14:44
    I find Mounirs attitude quite common in tthis country. Faced with a person who has more knowledge than him, who has presented his...   More  »
  2. Father dies after using petrol to light indoor BBQ 05
    14 Mar ' 10 at 15:20
    It is a sad loss for the family a heart felt prayer goes to them, may God give them strength to overcome their sad loss.   More  »
  3. No protection for tenants who fail to register lease 02
    14 Mar ' 10 at 15:27
    If the Tenancy contracts are registered with Dubai Municipality, then why this has to be re-registered with RERA? Why these details...   More  »

Read all user comments >

MORE FROM ARABIANBUSINESS.COM