Lifestyle
Entrepreneur Johannes Larsson says slow and steady wins the race
Entrepreneur Johannes Larsson built his success step by step.
As the founder and CEO of Financer.com, a comparison engine for personal finance that is operating in 26 markets, Larsson said being successful isn’t about how much money you can make overnight or how fast you can grow your business, but rather how strong of a foundation you can build in a methodical, sustainable way.
“It has always been very gradual for me. When I opened Financer.com, things were going very slowly for the first three years. We stuck with it anyway,” he said. “Then, we had our breakthrough and were able to increase our revenue tenfold. And that momentum kept with us, so much so, that we were able to increase our revenue another 10 times the next year.”
That commitment has always been a part of Larsson, who was born in Sweden and moved to Malta at the age of 19. Having lived abroad the majority of his adult life, he currently spends most of his time in Cyprus, where his company is headquartered.
“I’ve always been a fan of being location independent, and because of that, I have built my business on the remote model, which allowed me to travel across 60 countries while building my business,” he said. “Our team consists of 54 intrapreneurs, who all have complete location independence and work from every corner of the world.”
Understanding the needs of his employees is an important aspect of his business, Larsson said, noting that his team consistently ranks work satisfaction as a nine out of 10.
“I really value having great people, but more so, that those people love working in our company,” he said. “Our average work satisfaction is almost at an all-time high, which has been one of the company’s milestone achievements.”
Perhaps the biggest tell-tale sign of employee dedication at Financer.com came during one of the most turbulent times in global history, the COVID-19 pandemic. Faced with an 80% drop in revenue, Larsson said the company was hit from many different angles and left him with some big decisions to make.
“We were bleeding money and the ‘right’ business decision would have been to let go of people,” he said. “Instead, we innovated ourselves out of it.”
Larsson said in addition to pivoting to new verticals that would prove more lucrative for the business during the global pandemic, he also asked his employees to take a temporary pay cut so that the company could keep everyone employed.
“They were all willing to do so, and we lowered our costs significantly for a period of time when we were really down,” he said. “We did not have to fire a single person.”
Larsson said the ability to count on his team he believes stems from the company culture he fosters to enable employees to live a life they genuinely love.
“I have always wanted to make work not feel like work, but rather, see it as living out a purpose. This is something I have already achieved personally. I love working, and I have no schedule whatsoever,” he said. “Not many people have the opportunity to create the exact job they want for themselves or live every day on their own terms. I don’t take that for granted. I want my team to have the same set up and feel like they’re doing something meaningful.”
Connect with Johannes Larsson on Instagram or at his website: www.johanneslarsson.com.
Lifestyle
Duravo’s Success Story: Engineering the Perfect Suitcase
By: Mae Cornes
When Matt Muhr and Dan Cooper founded Duravo, they started with something other than luggage design. Instead, their journey began unexpectedly: the world of tactical and anti-ballistic gear. This unconventional background led them to discover a self-reinforced composite material used in professional sports equipment, military gear, and automotive components.
Working closely with a German engineering team, Muhr and Cooper developed Flexshell™, a material that combines strength and lightness. “We saw an opportunity to bring advanced materials science to an industry that hadn’t seen significant innovation in decades,” Muhr explained.
A Lightweight Contender in a Heavy-Duty Market
Duravo’s entry into the luggage market came at a time when established brands dominated the landscape. However, the company’s focus on material innovation sets it apart from competitors.
The Duravo International, an expandable carry-on, weighs just 5 pounds, making it significantly lighter than many competitors’ offerings. This weight reduction doesn’t come at the cost of durability or capacity. The suitcase expands from 37 liters to 46 liters, providing travelers with flexibility without exceeding airline size restrictions.
Cooper noted, “Our goal wasn’t just to make another suitcase. We wanted to change how people think about luggage durability and weight fundamentally.”
Rigorous Testing: Proving Durability in the Lab and on the Road
To validate its claims about Flexshell’s durability, Duravo invested heavily in product testing. The company reports subjecting its luggage to weighted tumble tests, extreme drop tests, and thousands of handle yanks.
The company does not publicly share specific test results, but it states that Flexshell provides five times the strength of traditional plastics used in luggage. This claim would represent a significant advancement in luggage materials if independently verified.
Technology Integration: Beyond Basic Storage
Duravo’s products incorporate several tech-friendly features, reflecting the changing needs of modern travelers. The luggage includes built-in USB access for charging devices, a hidden sleeve for tracking devices like AirTags, and compartments designed to protect electronics during travel.
These additions address common pain points for travelers, such as keeping devices charged and preventing lost luggage. However, it’s worth noting that some of these features, such as USB charging ports, are becoming increasingly common in premium luggage offerings.
Market Performance and Customer Reception
Since its launch a year ago, Duravo reports generating over 1,500 customers. While this number suggests steady growth, it’s modest compared to established brands in the luggage industry. The company currently limits its market to the U.S. and Canada, indicating potential for expansion.
The company reports positive customer reviews, a critical factor in the luggage industry, with an online star rating of 5 out of 5. However, independent verification of these ratings and a larger sample size would provide a more comprehensive picture of customer satisfaction.
Challenges and Competition in a Crowded Market
Despite its inventive method, Duravo faces significant challenges. Established brands like Away, Monos, and Tumi command substantial market share and brand recognition in a highly competitive luggage market.
Duravo’s focus on high-end materials and manufacturing in Germany will likely result in higher production costs. This could make it difficult for the company to compete on price with brands that manufacture in regions with lower production costs.
Environmental Considerations and Future Directions
Duravo emphasizes the eco-friendly nature of its products, stating that Flexshell is recyclable. However, specific data on the material’s environmental impact throughout its lifecycle is not readily available. As sustainability becomes increasingly important for consumers, more transparent and detailed environmental information could benefit the company’s market position.
Duravo’s success may hinge on its ability to scale production while maintaining quality, expand its product line, and effectively communicate its value proposition to a broader audience. The luggage industry’s recovery and growth following the COVID-19 pandemic will also play a crucial role in shaping the company’s trajectory.
As Duravo continues developing its brand and product line, its story is an interesting case study in bringing materials innovation to a well-established consumer goods category. The company’s future success will depend on its ability to balance innovation with market demands and effectively compete with more prominent, established brands.
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