Having spent some time in the timber industry previously, simon lichtenberg became engaged in the furniture market. All businesses are subject to challenges, and these are to be conquer to do well. The knowledge he has derived from making mistakes in his business operations paved the way for Simon to become one of the best businessmen in the world today. Simon Lichtenberg acquired other companies (such as IKEA) from other countries, resulting in profits of up to $2.5 million on a yearly basis.
The Success of Simon Lichtenberg in China
No dream is unattainable. All that is needed is a powerful will and dedication. Everything is possible. China is a place that appears to ensure success in any venture that is attempted. For this reason, many entrepreneurs enjoy establishing their own organisation(s) there. Setting up his own manufacturing factories and supplying furniture to companies within and outside of the country, Simon Lichtenberg has succeeded in generating as much as $2,500,000 profit every year. Fashionable household furniture was made available in Shanghai, China, by Simon Lichtenberg through his franchise, BoConcept, in 1993.
Each and every quality business owner is deserving of all they've achieved using their individual characteristics and persistence. Simon Lichtenberg has lived in eight different countries and can speak seven different languages. It is clear that Simon Lichtenberg possesses extraordinary will-power and dedication as an entrepreneur because he has been successful in his mission to initiate his own organisation in the rapidly-advancing country of China.
Simon Lichtenberg’s "Downfalls"
All businesses encounter difficulties from time to time which, depending on how they are reacted to, can lead to either success or failure. After a legal battle over a payment dispute after the Zhenjing Leather Factory sold him inoperative products, Simon Lichtenberg was given another chance to overcome adversity. He has become a success owing to him having to deal with his difficulties with outstanding determination. A complex legal case concerning the production of counterfeit 'BoConcept' products was a challenge that Simon Lichtenberg had to overcome in the late 90's.