Michael Isa is the entrepreneur behind Skarphagen Cykel, a well-known gem in Norrköping. Skarphagen Cykel was founded sometime during the 90s, and was then run by Isa's uncle. All the way up until 2006, it was run under his uncle's own direction, and then Isa became interested and asked if he could become a partner. This is how Isa entered the cycling industry, with zero background from it since before. Today Isa runs it on his own, where he has expanded the range to bikes for all ages, electric- such as vintage bikes, repair shop but also a paint shop. At Skarphagen Cykel, all companies can come and order bicycles in their own graphic profile, something he is alone in having in a bicycle workshop.
When Isa started, he could barely change a bike tire, but as the passionate entrepreneur he is, he set a goal and today he is like a pioneer in his industry. In the beginning, sales were a bit difficult, where the company lived on recommendations for a long time, but due to the lessons he had learned from running companies since before, he quickly started marketing and started networking. He points out that networking is the key to a profitable business. To dare to bet and find their specialty in the market. For Isa's part, it was the paint shop, and to always respond to customers right.
“I have always been a service-minded person. Before Skarphagen Cykel, I ran a video store, which I sold in 2006 and moved on to other things. But there has always been a core of investing in customer service and bidding for yourself. Because the more you offer your service, expertise and time, the more you get back. I believe this is the key to the company's growth, not least because of the networking, but to always be mindful that there are always solutions offered and an eye for the long-term.”
How Froda was able to help
“The first time I got in touch with Froda was when I was scrolling on social media. After a while I went in and read upon what Froda offers, and thought it seemed interesting. In the same vein, there was an investment I wanted to make, which made it a natural opportunity to test Froda. I called and asked a few questions to customer service, and got incredibly good help. I was told how to proceed, so I applied and everything was so smooth. I never thought it would be this smooth. It is very nice to have companies like Froda in the back, then you feel safe.”
What is the best thing about being an entrepreneur?
Top three for the Isa is having the freedom as a business owner. That you control your own time. Get to decide for yourself and all that it entails of being an entrepreneur. “I'm driven by building businesses, seeing it grow in revenue. What gives me energy every day is to feel that all the hard work and toil you give, it shows through the return of customers and all the great reviews. For people like Froda to come and interview me, it makes me happy and proud of what I do.”
What does Skarphagen Bicycle look like in the future?
“As a child, I was told that if I aimed for the stars, I would at least go to the moon. Always setting goals ahead is important for me, it's a further key to why I've also grown. Sometimes I stop and look around the room and realize how far I've come. That since 2006 I have increased my turnover times eight times.” For Isas, he will continue to network ahead, and the goal is to become the largest in Norrköping. Then it's on to the next goal,” Isa points out with a smile on her face.
Froda was founded in 2015 with a clear mission to democratize the access to financing and provide small and medium-sized businesses with the same opportunities to grow as large ones. Through digital processes and technological innovation, Froda has shortened the loan process from months to minutes, making it easy for entrepreneurs to invest in their ideas.
Today, Froda is one of Sweden's fastest-growing tech companies with a 1.7 billion SEK valuation and well known investors such as Karl-Johan Persson, Nicklas Storåkers and Victor Jacobsson among the owners.
In 2021, Froda launched a strategic initiative within embedded financing and through it, we have expanded to the Nordics and the UK, as well as having established partnerships with Visa, Lunar and Checkout.com among others.
Froda is a credit market company regulated by the Swedish Financial Supervisory Authority.