Steven Smith, the founder of Poundland, recalls sharing one portion of fish and chips among his family of four during his childhood. The 63-year-old entrepreneur attributes his success to his grandfather's motto, 'if you don't work, you don't eat'. Growing up with his grandparents, Mr. Smith's family eventually moved into a flat in Willenhall, West Midlands. Now a multi-millionaire, he owns a £10 million home and is seeking a new family to reside there. Mr.
Smith started working on market stalls with his father, Kevin Smith, who established a cash and carry named Hooty's. He credits his humble beginnings for keeping him grounded and appreciative. His father, who could now support his ventures, encouraged him to sell his stock for just £1 in 1990. With a £50,000 loan from his parents, Mr. Smith opened the first Poundland shop on December 13, 1990, in Burton-upon-Trent. Mr. Smith and his wife, Tracey, owned the company for 16 years, employing over 8,000 people. However, the demanding nature of running a multi-million pound business took its toll. In 2006, Mr. Smith sold his final shares for £250 million, a difficult decision he made to prioritize family life. He reminisces about the close-knit community within the company and the importance of the journey shared with colleagues. Returning to a simpler life with just his wife, Mr. Smith reflects on the bittersweet transition
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Fuente: TheSun - 🏆 64. / 61 Leer más »