"Dad, it's easy to start a business, but it's hard to keep it going. From the many cases of bankrupt companies, most of them are strong and have a bright future. But as time goes on, the leaders of the companies tend to be overconfident and unmotivated." Yang Huai felt that what he said was right. "No matter how great a person is, there are times when they make mistakes."
"Who told you it's easy to start a business?" Yang Xuewen asked.
He had a great brother-in-law who could provide him with funds, connections, and even guidance, but he still had to do it himself.
He was a man who did not read many books, and his knowledge of the world was shallow.
In the early days of starting a business, he was cheated and almost went bankrupt. He had the same mentality as Wan Liangyou. He did not want to admit defeat. Not to mention that he had no stamina, not to mention that his opponent was tough, he had to bear all the hardships and tiredness by himself!
If he had to rely on his brother-in-law for everything, how could he dare to stand tall in the world!
He wanted to set an example for his children, and he wanted to be proud in front of his wife. How could he not bear hardships and work hard!
"It's easy to start a business, but it's hard to keep watch. This is the law of history." Looking at his father's expression, Yang Huai did not sound so confident.
"Mr. Yang, opening a restaurant, a hairdresser, or a small shop can barely be called a business. If it's something easy and can't be done on a large scale, of course it's easy." Song Youxi saw that Yang Huai was at a loss for words and could not help but add. He addressed Yang Xuewen as Mr. Yang and Yang Huai as Mr. Yang because the father and son had different hobbies. "If you want to achieve the scale of Mr. Yang and become one of the top 100 companies in China, it's not easy."
Yang Huai glanced at his old man and scratched his head in embarrassment. Normally, he wasn't afraid of his old man and spoke without the slightest scruple. But once his old man became serious, his decisiveness and ruthlessness caused him to be somewhat fearful.
Song Youxi kept his head down. Seeing that Yang Xuewen did not object, he continued, "Ma Weicheng was a poor boy in a fishing village. Around the 1970s, when Hong Kong's economy took off, he started making black leather handbags. Because of the exquisite workmanship and the choice of materials, he had many repeat customers.
Just like that, he slowly accumulated his first pot of gold. Later, with his unique vision, he entered the mainland and opened a toy factory, specializing in doing OEM work for large foreign companies.
After that, he got the support of the Chaoshan Gang and started to do insurance, real estate, highways, and got listed. He was once a component stock of the Hang Seng Index and the top toy company. His market value had reached more than 30 billion.
In short, a starving camel was still bigger than a horse. Although it had been incurring losses for years, Zhongyang Holdings still had a lot of high-quality assets.
Therefore, when you proposed to acquire Zhongyang Holdings, I thought you were brilliant, Mr. Yang. "
"It's only a little over a billion now. Isn't the gap a little too big?" Yang Huai did not have time to understand Zhongyang Holdings.
Song Youxi explained, "In the early nineties, Zhongyang Holdings wanted to diversify and diversify its strategic layout. This wasn't something that just anyone could play. Whether it was in China or Hong Kong, there were many successful examples, but there were even more failures.
It was necessary to have a big enough framework to control a huge empire, strategize, and ensure that every business segment in the business chain could be profitable and make money.
Every segment of Zhongyang Holdings was good, from medicine, toys, leather, property, and real estate. But these were all cyclical industries, and it wasn't easy to make money immediately. You still had to keep providing funds.
In the end, Zhongyang Holdings couldn't keep going and couldn't find funds. You could only keep cutting down on your business, and that's how it is today. "
"I understand." Yang Huai nodded. Wanwen Group's biggest advantage was that they didn't lack money. The acquisition of Zhongyang Holdings came at the right time, and they complemented each other.
His father was a conservative person. Even after going through large-scale mergers and acquisitions and investments, there was still enough cash flow in the accounts. The debt ratio had to be at a certain ratio, and the risk could be controlled.
Even if he was the head of the family, he couldn't change the financial system set by his father.
"In the future, don't be arrogant and be humble. It won't do you any harm," Yang Xuewen lectured. "Don't look down on this or that. Most people who are really rich and capable don't compete. Don't just stare at those on the rich list. What's the market value of a stock?
A person can only be considered rich if they have cash to spend.
Are your two uncles on the rich list?
Is Pan Guangcai on the list?
And are Zhang Xianwen, Xu Guohua, and the gang from the Chaoshan Gang on the list? "
Yang Huai said, "I'm not looking down on anyone."
His father's words reminded him that when he first took over, his father and uncle brought him to meet people. There weren't many who were on the rich list, but those who were recognized by both of them couldn't be poor.
"It's hard to start a business, but it doesn't mean it's easy to stay in business. It's just as hard to stay in business," Yang Xuewen said with a smile. "It's the same principle as climbing a mountain. You're already standing on the top of the mountain, but there are cliffs on three sides. One wrong step and you'll be doomed.
So, from this aspect, it's not that Ma Weicheng is incompetent, but the market has changed too much. He's old, just like me, uneducated, and his eyes can't keep up with the changes. "
The bigger the family business, the more careful they would be in the future. He had suffered from being uneducated all his life, so he was very concerned about Yang Huai's studies. He had finally looked forward to his son graduating from university and growing up, but his son wasn't as outstanding as he had imagined. He always had the roughness of a young man.
Now, the only thing he could do was to teach his son more of his experience so that he could grow up slowly.
"Then, are you still keeping Ma Weicheng?" Yang Huai asked.
Yang Xue smiled. "We're not buying a shell, but a real acquisition of his company's assets and business. There aren't many people who understand both China and Hong Kong. I've already talked to him over the phone. He's been holding in his anger all these years, and it's been hard on him. The original business is normal, and as more assets are injected, the listed company will become more valuable. "
Yang Huai couldn't smile anymore. He was supposed to be the one to communicate with the management of the acquired listed company, but he was too busy talking to his partners.
"Dad, don't worry. I'll handle the rest."
"Where's Li Pei? Didn't you say you're having lunch? Why isn't he here yet? " From a certain aspect, Yang Xuewen admired Li Pei. He was a very assertive child, but the problem was that he was too assertive, and Li Long and his wife had suffered a lot.
As soon as he finished speaking, Li Pei appeared at the door.
"Aunt, didn't you want to lose weight? This situation is worrying. "
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