Updated: October 1st, 2011.
Chapters
The Early Years
18th Birthday: First
Business Registered
Golden-Invest
Café Relax & Beda Kantin
City Café & S-24
New Era Starting: Stockholm
1993
McDonald's
Testing My Experience:
Kantin Moneo
IKEA - Corporate Career
IKEA - Improving check-out operations
IKEA - Adding to the IKEA concept
IKEA - Controlling: Goals/Budget 2004 - 2006 & 2008
IKEA - Safety & Security
IKEA - The Russian Expansion...
IKEA - Khimki store, IKEA's no 2
Daxion
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The Early Years
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Born 1969 in Jakobstad, Finland, where I also grew up.
Early on I decided I wanted to study and learn
business management, in order to go in to business of my own later on in
life. As early as at the age of 13 I began studying business management on
my own, by reading books on the subject at the local library.
The financial sector was especially interesting, why it was natural to start
working at one of the local banks, when it was time for the first job, during
summer vacations. I worked all my vacations at the Pedersörenejdens
Andelsbank from 1984 through the first days of 1988. I also had a few
other minor jobs, in order to gather recourses for future business.
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18th Birthday: First Business Registered
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While studying accounting and business management at
Jakobstads Handelsläroverk (JHL) 1985 - 1988,
[commercial college] I started my first business. By the
time I turned age 18, my first business was registered.
But business started earlier, while selling
copying-paper to the students attending typewriting
classes at the college. Teachers distributed the paper,
that I was buying from a local merchant. The operations
where very small. Still they kept going for as long as
teachers wanted to distribute the paper. This was
between the fall of 1986 till the spring of 1990. The
copying-paper business actually generated a nice profit.
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Golden-Invest
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In the fall of 1987 I started my second business;
Golden Invest. This was at the global
booming period of stock markets in the 80's. Operations
consisted of trading stock at the Helsinki Stock
Exchange. Business were very good, mainly due to the
general growth in stock prices. I had been dealing with
stock since 1984, but now it was structured in the form
of a small business.
Golden Invest and me also draw attention from the media,
when I bought stock in a national insurance company
through direct marketing. Operation aimed to gain stock
held by private households, before the insurance company
were to be listed at the Helsinki stock exchange. My
youth [18] and the unusual way of obtaining unlisted
stock, gained the attention in local and
national newspapers. Golden Invest was an
unknown actor on the financial arena, and there where
unfounded speculation about a possible hostile takeover.
Some stock where obtained in this way and profit was
made.
While studying at JHL, the student organization offered
me a seat on the board, which I accepted. Acting as a
member of the board and the cashier for the student
organization, gave me opportunity to supervise and
administrate their café business.
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Café Relax & Beda Kantin
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After graduating from JHL with a bachelor degree in
accounting, I worked as a driver at a delivery company,
Pelles Budtjänst. This was in the summer of 1988. In the
fall the same year, I where off to military service for
eight months.
In January 1990 I teamed up with my best friend Torbjörn
Holm and founded a new company, with him as co-owner.
We started off with a little café at the local hospital.
Café Relax (right picture) was very small, but operated
as from a textbook and also very profitable. We both
kept our jobs and operated Café Relax with hired help.
Café Relax was accompanied by an other little café, Beda
Kantin in the neighboring premises. At this time the
operations consisted of two small cafés and a total
hired crew of three. Six months in to this new business,
I quit my day job and started to work fulltime with our
new company. Previous businesses where terminated and
ambitious plans where made to make the new company grow.
There where an
other café, a large one, in the same
hospital, and plans where made and action taken in order
to take over this business as well. This café where lost
to competitors, due to our inexperience about politics
and facts of life.
At the same time, two other businesses where examined
and evaluated in order to take them over. The first one
was dismissed as not interesting, a restaurant in a
neighboring town. The other one was a gas station
operated on franchise for Finnish gas station network
"Union", later formed into
Neste Oil gas station network.
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City Café & S-24
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The gas station was to be transformed from a
full-service station into an 24h automated gas station
with adjacent and independent café/restaurant and
service functions.
After successful negotiations, the new operations where
taken over and started in late 1990. The existing
operations containing Café Relax and Beda Kantin, now
got the addition of City Café and
S-24. S-24 was the
automated around the clock gas station and City Café was
a diner/restaurant with a car wash and a service hall.
Picture from summer of 1991: This where the time, when you
could have a lunch for € 4.00 ($4.50) and the
gas price was € 0.63/liter($2.70/gallon).
The diner had seating for 50 guests, a table tennis room
as well as a hole-in-the-wall service to outside walk-up
guests. The diner also had flipper games and slot
machines. Opening hours where from 7 am to 1 am. The
total hired crew peaked at 11. Both owners, now age 21,
where working fulltime in the business that was
relatively extensive.
There where 11 operators selling gas on the local
market. By the time of take-over our station had a rank
of 10 in sales volume. In three months we where able to
take the sales of gas from #10 to #2 in volume rank. We
stayed at 2nd rank for 18 months, from March 1991 to
September 1992, with a sales volume close to 250,000
gallons a year.
The main stream of profit was coming from gas sales and
flipper & slot machine commissions. The rapid expansion
had initially drawn a large loss on the new business. In
1991 I bought out my best friend and took over the
business on my own. We parted as friends and are still
best friends, both living here in Sweden, Stockholm
area.
The restaurant operations where rapidly and successfully
turned into producing profit. But the expansion had been
too fast and early losses, too large. This is why all
restaurant operations where to be terminated in early
1992. The S-24 gas station was kept until fall that
year.
During 1991 I worked a total of 5,200 hours, which is to
be compared with my present fulltime corporate job of
only 1,900 hours a year.
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New Era Starting: Stockholm 1993
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In 1992 the Finnish economy was in a deep recession with
large unemployment, resulting in an extremely cautious
banking industry. After businesses had been terminated I
again teamed up with my best friend.
In January 1993 we left Jakobstad, Finland for
Stockholm, Sweden pursuing better conditions for the
future.
Up on arrival in Stockholm I was determined to learn and
fully understand the restaurant business. I started
working at a nightclub, Tre Remmare in Stockholm City.
Coming from a small town like Jakobstad to Stockholm,
was in it self a valuable experience. Working at a
downtown nightclub and seeing the nightlife of Stockholm
really widened my horizons in the over all looking at
peoples lives and destinies. By now I had gained
experience from business management and leadership
skills from running my own business operations.
At Tre Remmare I was adding deeper knowledge in
restaurant operations, but more importantly I learned a
lot about people and thus gained people skills. I
started as a busboy and later on worked in the bar
(right picture) as a bartender. In the picture you see
one of my colleagues from that time, Mathias Snive,
standing behind the 95 ft bar. The bar was open from 11
am to 5 am, 7 days a week and still is. Sales peaked at
some 500 gallons of beer a day, in the fall of 1993.
The bar still exists at the same location, but is now
redesigned and renamed to "The Bishops Arms". Before I
ended my career on Tre Remmare I had the chance of doing
some time as a waiter too.
I worked at Tre Remmare from 1993 to 1995, having lots
of fun while learning a lot from my highly skilled
colleagues. Some of these people, grew so close I still
stay in contact with them.
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McDonald's
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For many people McDonald's is the first job that they
have. I was 26 when I started at the first McDonald's
restaurant in Sweden. It was a franchise operated by Gunder and Gunilla Löfgren at Kungsgatan 4, Stockholm.
The Löfgrens had been operating the restaurant since
1986, and it was first opened for business back in 1973.
I can still today say, that this was my best employer,
all time.
I started as everybody else in the kitchen, with
cheeseburgers. After the first day I was absolutely
convinced that I had made a mistake and wanted to quit.
But for some reason I went there for a second day. This
day I noticed that this business was like no other that
I had encountered. I made my observations with
experience from my own business and Tre Remmare. I saw
that everything was documented, goals where set and
followed up. They knew exactly what their profit was,
constantly. The past hour was summarized one minute
after it was finished.
That was when I decided that I had to learn all about
this system before I quit. I stayed there for three
years, to the day, and left 1998 for Kantin Moneo.
My best friends of today are people I worked with at
McDonald's. We have all moved on to other careers now.
Gunder & Gunilla, my mentors, now operate a small hotel,
the Art Hotel.
When I was offered the opportunity to participate in the
McDonald's internal leadership training program, I
thankfully accepted. First, I worked as a swing trainee,
then as a shift leader and finally as first assistant
restaurant manager, with responsibility for the crew
recruiting and planning.
I held the last position for nearly two of the three
years I spent at McDonald's. During this period I
recruited some 200 people that started working with us,
this means some 600+ interviews and 1,200+ applications.
Productivity improved with as much as 50% during a
period of twelve months from 1996 to 1997. The new
productivity level was kept for the remaining of my
employment. In the summer of 1997 the restaurant was
also appointed "Best Hamburger Restaurant in Stockholm
1997" by the readers of DN, a major newspaper, and the
listeners of a major radio station. The competition was
with all hamburger restaurants in the Stockholm area,
not only the 50+ McDonald's, but all others too.
With the help of my colleagues and mentors I was able to
leave with extensive knowledge about the McDonald's
system. McDonald's is not about selling hamburgers, it
is about systematically making profits. It was important
for me to understand how McDonald's successfully operate
30,000+ restaurants, employ over 1,500,000 people and
maintain a system wide sales of more than $33,000
million dollars.
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Testing My Experience: Kantin Moneo
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In 1998 I was leaving McDonald's for Kantin Moneo, where
I became the restaurant manager. I wanted to implement
the McDonald's business system into traditional
restaurant business.
This opportunity where also given to me and Kantin Moneo
was the perfect place to try the theories out.
Kantin Moneo was a newly opened restaurant within the
Museum of Contemporary Art (Moderna Museet) at
Skeppsholmen, an island in the center of Stockholm.
Kantin Moneo was owned and operated by two of the most
famous names in the Swedish restaurant industry, Olle
Lindberg and
Carl Jan Granqvist.
Kantin Moneo consisted of a large self serve restaurant,
an A la Carte restaurant and a small but exclusive
little bar in the adjacent Arkitektur Museet, called
Bloms Bar. There where also extensive conference and
event operations. Three-course dinners where served for
up to 400 guests.
Once, an evening in the fall of 1998, we served 750
eating guests simultaneously. We had 400 guests upstairs
in the restaurant and 350 in the conference.
Frequent visitors, guests, where from the social and
cultural elite of Stockholm and
Sweden. Among the more prominent guests, where the King Carl XVI Gustaf
of Sweden, Prime Minister Göran Persson of Sweden and
other cabinet members as well as other members from the royal curt
and the cultural elite. Events where held by the CEO's
of listed corporate companies, like Ramqvist of Ericsson
and others. The self serve restaurant where frequented
by visitors to the museums, both locals and a lot of
tourists.
In summary this was a very exiting work environment and
I remember this as a fun time. My mission was to put
profitability into the new restaurant.
I used the experience from McDonald's to set up steering
parameters for the profitability and crew management. I
considered the results a success since the productivity
was increasing rapidly.
The challenge was that the first six months of
operations previous to my employment, the restaurant had
faced a larger number of guests than where expected and
planned for. The obvious solution that had been used,
was to hire more people. By the time I started, the
staff where oversized and the rush to the new museums
where decreasing.
The coming months consisted of increasing profitability
through higher productivity at the same time as the
number of guests where decreasing along with the sales
in the self serve restaurant.
Six months into the mission, sales and the number of
guests where evening out, normalizing. Successfully I
managed to decrease the labor force and reorganize the
operations so that when I left Kantin Moneo, after nine
months, the business was stable and profitable.
I was very content, proving to myself, that my theories
about implementing my ideas from McDonald's had worked
out as expected.
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IKEA - Corporate Career
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After 11 years in the restaurant business, I felt there
where little left for me to prove there. The next step
was to leave my restaurant career and move over to
retail.
Equipped with extensive operational experience, good
leadership skills and ability, combined with a strong
ambition to "systematically making profits", I concluded
there is more to both prove and improve, within retail.
Choice fell on IKEA with it's unique concept and
unprecedented success. The founder of IKEA,
Ingvar
Kamprad, is a tycoon that has built one of the worlds
largest retailing brands and this without listing his
company on any stock exchange. Kamprad has kept the
company in family control and IKEA is growing from
profitability, within it's own business. Profits provide
and feed the growth of IKEA.
IKEA - Improving check-out operations
I started at IKEA in 1999 as a group leader of the
check-out at
IKEA Barkarby store.
IKEA is very strong when it comes to purchasing and
logistics, as well as in sales concept. I discovered
that IKEA's potential lies in the fields of controlling
and administration.
Immediately I started working with crew scheduling and
crew training. With the colleagues in the check-out
management team, we reorganized the recruiting process
and crew schedules to be more flexible.
Crew training was developed towards a security focus and
documented. The same crew training program is still used
today. We had a team of 100+ cashiers working at the
check-out.
IKEA - Adding to the IKEA concept
In 2001 I was offered the opportunity to take part in a
global project within IKEA aiming to recover the cost
for returned goods. Recovery should work in two ways;
reducing reason for costs and recover costs acquired.
The project objective was to create a new concept for a
new department to be added to the chain of close to 200
worldwide IKEA stores.
I became the project leader and department manager for
the Recovery department at the Barkarby store, north of
Stockholm. The Barkarby store was one out of four
stores, picked out for the testing of the Recovery
project. The store projects was supervised and financed
directly from the HQ of IKEA Europe.
For one year the operations where tested, organized and
retested and documented, thus becoming the newest
addition to the IKEA concept. The pilot departments at
the four stores where considered to be a success.
The new concept where implemented to IKEA stores
worldwide in 2002 and 2003. After the project test
period ended I continued as a department manager for
Recovery, at the Barkarby store.
The success of the recovery projects ended up saving
over $200 million dollars yearly for IKEA retail. The
recovery projects also took the IKEA store controlling
one step further.
IKEA - Controlling: Goals/Budget 2004 - 2006 & 2008
In the spring of 2004 I was given the chance to
participate as one of a two member team with the
objective to make the store goals (budget), for IKEA
Barkarby. This worked out well and added to my experience. I repeated
this mission in 2005, 2006. In 2008 it was time for round
four, this time also as kind of a mentor for the new
operations manager. The budget size is above 100 million EUR.
The goal planning/budgeting is done yearly, in February - March.
IKEA - Safety & Security
Between the falls of 2004 and 2008 I was the store security manager at IKEA
Barkarby. This occupation was both very interesting and fun, aiming to prevent and
investigate different types of fraudulent or criminal activities, both internal as well as external.
Responsibilities also included safety; preventing losses due
to hazards like fire and accidents.
I'm proud to say that the safety & security at IKEA
Barkarby improved from a very good level and placed the Barkarby store on the IKEA-map
as a fore-runner on safety & security issues. Because of
this, I had the opportunity to take part in the training
and development of my colleagues on other IKEA stores
both in
Sweden and in Russia, including Country Security
Managers. I was also repeatedly consulted on
specific issues both nationally and globally.
In 2007, I was in focus because of a software tool, I've
created in VBA for Excel, enabling cashier performance
monitoring, by collecting and showing statistics in
Excel. The visual basic code also scans for risk factors
from cashier behavioral patterns and signals when
attention is required. The tool was implemented on all
the stores in Sweden in 2007, now providing department
managers easy recognition of whom in their teams that
need the most focus and attention.
The Barkarby success comes from implementing
my acquired strong and clear
leadership, thus enabling
the Barkarby store team to focus on the safety and
security issues as an integrated part of
all store employees' day-to-day business.
IKEA - The Russian Expansion...
In September 2008, I started as the Operations Manager at
IKEA
Ekaterinburg, Russia. The challenge was to improve
excellence in store operations as well as to train new
operations managers for the Ikea Russia expansion.
Some of the acheivements in
Ekaterinburg
are two trained successors,
one still in the company with a bright future. Staff planning was
implemented as a process and are now a natural part of the day to day
running business of the store. This contributed to the 55 % turnover increase
over two years. As a consequence, the productivity increased
with 75 % in the same time. The majority of this development was in
the aftermath of the global crisis 2008.
At the time of my leaving, IKEA Ekaterinburg had one of the best development of the
Russian IKEA stores. Improvments was seen in more or less all areas and KPI's.
However, the fantastic Ekaterinburg development can not be contributed to me alone,
but as a success from the whole store team of co-workers and managers. Thank you all,
you know who you are! The Ekaterinburg experience, is the most fun
one so far, rich on learnings, both for me and many, many other people.
IKEA - Khimki store, IKEA's no 2
After two years in Ekaterinburg, I was assigned to
IKEA Khimki
store in
Khimki, Moscow as the Business Navigator
& Operations Manager, arriving there in
September 2010. This is currently (September, 2011) the second biggest IKEA store in
the world by EUR turnover.
I am currently in this position.
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Daxion
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Since 1996, DAXION has been my side-business along with
my employed positions at McDonald's, Kantin Moneo and
now IKEA.
The vision is to achieve a business concept that
systematically make profits.
In a way, this is developing and implementing my
collected experience in a business of my own. The
business-ideas have varied over the years, seeking and
evolving to the present conviction that internet and
online business is the future market.
The present operations are totally devoted to the Daxion
web sites. The first website, tradeebook.com, opened in
late November 2003. That site have been taken down, but
out of it emerged the present sites;
eBusiness Manual™,
Daxion Games™,
Daxion Marketplace™ and
Daxion Community™.
At this time I'm not ready to disclose the concept
behind the Daxion web presence, other than this; I am
convinced I have now found a successful concept that is
being gradually implemented. The parts that are being
disclosed, are available through eBusiness Manual™.
The process of implementation is, however, very tedious
and an ongoing process, spanning over the next coming
years. Since 2008, the development have been very slow, since my
full time occupation at IKEA is taking most of my available time.
These days, Daxion is more an interest than a business.
Theoretically, making systematic profits is very easy:
identify and copy success-factors from one situation to
the next. This is what I do at IKEA and did at Kantin
Moneo, with the McDonald's (and other) success-factors.
Keep an eye out for Daxion and follow interesting future
developments at this web site.
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