09/02/2026
Reflection
: Lessons from a business called LEGO
__Brick by brick... to billions!
As I have told you many times before, I love reading autobiographies and biographies of great entrepreneurs of the past.
One little book I read over the holiday was “The LEGO Story” by Jens Andersen. It tells the story of a Danish carpenter who made children’s toys in a small town in Denmark in the early 1900s.
This devout carpenter visited a toy exhibition and noticed an interesting new toy... a simple plastic brick that children could use to build things. He “fast-followed” the idea and made a few innovative improvements, launching Lego in 1932, during the world’s Great Depression.
Fast forward: the company he built from this simple is rated the largest and most profitable toy company [by revenue] in the world today.
Because LEGO is a private company, you won’t be able to look up its share price and market value on a public stock exchange. Instead, I want you to do your own homework and see what you find. Hint: think in the billions of USD!
I’m not going to go through the full LEGO story because I would not like to spoil it for those of you who are readers.
“Entrepreneurs are readers and lifelong learners.” [A quote from me!]
What I will share is that this family-controlled company is now in its 4th generation. They still make toys [for all ages], and I urge anyone with children to introduce LEGO to them and the whole family... because they develop creative thinking and a passion for using to build things.
There is one key lesson I want to always remind you:
__The mistake many people make is to assume that success depends on the type of business you are in. Focus on the thing you are most passionate about, then learn about its business side and its limitless opportunities.
This guy was a humble carpenter who made children’s toys. He was not in oil, or gold mining, or telecoms. He did not need government tenders or government support. He started out just making a simple children’s toy!
If you find yourself butting heads with public procurement or powerful people, why not consider something simpler that requires you to serve ordinary consumers directly?
Look at this guy, and the example he has set! [Remember: this started his company during a huge global economic crisis].
Just wanted to jog you to lift up your head and smell the coffee.
There are opportunities right where you are.
Just !
Image caption: I double-checked with my AI Assistant to see if this cool bird was really made only with LEGO bricks. Answer was yes, with a lot of analysis why. [In case you wondered, I don't do any business with LEGO, I'm simply a fan!]