Ray McKimm was expelled from school after advertising the principal's Humber Super Snipe for sale at a very low price and inviting people to view it.
It was one of many anecdotes the Big Save Furniture founder shared at a Napier City Council-organised Business Breakfast yesterday.
He told the Napier War Memorial Conference Centre audience that he was selling cars in the United States when he returned home following his father's heart attack.
He had a successful boat-building business but, after giving a furniture retailer a 50 per cent deposit on a lounge suite that would take two years to deliver, the 22-year-old started Big Save in Paraparaumu in 1973.
The industry conspired against its value-for-money success - Big Save was the country's first furniture retailer to advertise on TV - forcing him to buy stock from Auckland manufacturers with cash.