PARAMUS, NJ - JANUARY 27: An IKEA sign is reflected in mirrored side of the building of an Ikea store January 27, 2005 in Paramus, New Jersey. Ikea, a Swedish company, currently has 200 stores worldwide and in the next 10 years is planning to open five stores annually in the U.S., the company's second-biggest market behind Germany. (Photo by Stephen Chernin/Getty Images)
You can just about furnish, light and decorate an entire house, equip the kitchen and bathrooms, build an office and set up a home theater at the IKEA store in Plano.
Oh, and don't forget -- stuff your face with hot Swedish meatballs and hot cinnamon rolls.
The Swedish furniture megastore has earned a huge following in North Texas. Despite the economic slowdown, its parking lot is constantly full.
But IKEA is full of something else that is making it thrive while other retailers are struggling. Its business plan could well be the new model for survival.
His magic? Not borrowing money, instead using IKEA's retained earnings to finance its stores operations and expansion.
Imagine if the big automakers in Detroit had followed that business model? Could it be the way things evolve as businesses emerge from the current economic crisis?