Li Ka-shing estimates that everyone knows that he is basically synonymous with "the richest Chinese" and that his career is entirely "borrowed".
Before starting his business, Li Jiacheng worked as a watchmaker and salesman. Li Ka-shing accumulated some experience. He also wanted to open a factory to produce plastic flowers.
However, Li Ka-shing's savings at that time were only HK$7,000. Therefore,He asked his uncle Li Yi and cousin Li Shulin to borrow more than 40,000 yuan.Together with their own savings, a total of more than 50,000 Hong Kong dollars in capital, in Queen's Avenue West, Hong Kong Island, opened a production of plastic toys and household goods factory, which was later the "Yangtze River Plastic Factory".
Changjiang Plastic Factory
In addition, there are countless business leaders who borrow money to start a business.
Wang Yongqing, the God of management, borrowed 200 yuan from his father to start a business.
Bao Yugang, the world's king of ships, borrowed money from friends to buy a broken ship and started his own business.
After Guo Guangchang graduated, he patched together 38,000 yuan from friends and relatives and set up a research company. In only three years, the 38,000 yuan turned into 100 million yuan.
Even if you are pushing hard, you can't know all the fields. If you want to stop exhausting yourself, you have to learn how to run a business and let the talents use it for yourself.
There is a good saying:
"Failed leaders solve people's problems with their own efforts, while successful leaders know how to gather people's efforts to solve enterprise problems."
As the only person with international law background in Ali, Cai Chongxin popularized what is "shares" and "shareholders'rights" for Ali employees, and drew up international customary contracts for 18 original company founders.
In this way, the "company" of Ali was first formed.
Later, Ali received $5 million from Goldman Sachs and $20 million from Sun Zhengyi, all of which depended on Cai Chongxin's dedicated help. Moreover, Cai Chongxin raised $8,200, so Ali had the resources to merge Yahoo China and build Taobao.
Ma Yun and Cai Chongxin in 2014
Also Sun Tongyu, Ma Yun's work number is "1" and his work number is "2". This person has strong business ability and is good at practical operation. The earliest profit of Ali is realized by Sun Tongyu's sales team.
At that time, Ma Yun was not good at enterprise management. He invested everywhere when he got financing. As a result, when the Internet was in crisis, the company could hardly keep going.
At that time, Guan Mingsheng was appointed as Ali COO in danger. He had a major operation on Ali. Overseas offices and staff were all abolished. Domestic staff were also cut by more than half. Shanghai headquarters moved back to Hangzhou.
In this way, Alibaba's monthly expenditure dropped from $2 million to $500,000, which allowed Alibaba to survive the Internet crisis.
Under such a stable framework, Tencent has grown rapidly, and until 2005, the five founding teams maintained such a cooperative front.
Tencent is now able to achieve such a large scale, with the founders of the division of labor and cooperation has a close relationship.
In 1999, Alibaba received $5 million from Goldman Sachs and $20 million from Softbank in 2000.
As a result, when the cold winter of the Internet came in 2000, many Internet companies collapsed. Fortunately, there are 10 million US dollars invested by Softbank on Ali's side. With 10 million US dollars, Ali has been supporting for more than a year, and finally ushered in the day of official profit in 2002.
It can be said that without the help of Softbank during this period, Alibaba would never be today's Alibaba.
In 2004, Ali raised $82 million from venture capitalists such as Softbank for the third time, of which Softbank invested $60 million.
With this money, Ali was able to merge Yahoo China, build Taobao on Yahoo China's resources, and quickly beat eBay.
QQ was the hottest social software in China at that time, but the growing number of users brought only endless trouble, because it did not make money at all, but also bear huge server hosting costs.
At that time, when Ma Huateng opened his eyes every day, he had to worry about money. An old employee of Tencent recalled that he once went to Ma Huateng for his signature in the morning and found him shaggy and haggard. In order to raise money, he sat alone in the office all night.
Finally, Ma Huateng found investors IDG and Hong Kong PCCW, who each invested $1.1 million in Tencent's 20% stake.
It can be said that without the investment of IGD and PCCW, Tencent would have died at that time.
In 2003, Tencent was listed in Hong Kong with Goldman Sachs Liu Chiping. Tencent raised 1.438 billion yuan by listing. Tencent created five billionaires and seven billionaires in a short time.
In 2017, Tencent's stock market value has surpassed $400 billion, and Ma Huateng has become the richest man in Asia.
Those who can use the power of others are powerful, and those who can keep up with policies are wise. The momentum of the country's major strategy or technological development is a great opportunity for entrepreneurs.
If you have a sharp vision and the courage to keep pace with the times, you can use the strength of the environment to make the enterprise succeed at one stroke.
In 1969, the central government issued a document allowing each people's commune to set up a farm machinery repair plant. When the people around him were still watching, Lu Guanqiu and six other villagers gathered 4,000 yuan to set up the farm machinery repair factory of the commune.
Although only the simplest sickles, hoes, axes and firewood knives could be produced at that time, Lu Guanqiu's career was finally started.
Until 1979, Lu Guanqiu saw an editorial in People's Daily, "Transportation is the key to the development of the national economy". Judging that the country will vigorously develop the automobile industry, he decided to cut down other projects, specialize in the Universal Joint, and renamed the factory Xiaoshan Universal Joint Factory.
Universal joint is the connector of automobile transmission shaft and drive shaft. Lu Guanqiu's judgment was correct indeed. Since then, China's automobile industry has been developing continuously, and the supply of universal joints is in short supply.