“Also, although I haven’t been involved in business management before, I know that too much is always a bad thing. If there are losses every year, and they are getting bigger every year, then it means that there is either a problem with product sales or a problem with internal costs.
You don't want to solve the problem first, but you want to expand the scale. To be honest, from my perspective as an investor, your plan doesn't give me much investment confidence."
Jin Zichu's blunt words were irritating to the factory leaders who had always lived a life of luxury and were used to hearing flattery.
The union secretary snorted coldly, "If that's the case, let's just drop the matter. It's just a few bucks. Our state-owned factory can't accommodate a big Buddha like you."
Jin Zichu ignored him and turned to look at Zhan Tianqi, whose face was gloomy. "As for investment, my unilateral sincerity alone can't do it. Business is business, so I can only say sorry."
Then he stood up, pushed open the door of the conference room and walked out.
My wife is about to have lunch, and she doesn't have the time to waste her time talking to a bunch of idiots who don't understand business.
In the past, the country had a planned economy, and all factories were state-owned. They produced according to demand. As long as the products were produced, there was no need to worry about sales, and there was a complete shortage of supply.
The production model and management concept that have remained the same for ten years have resulted in neither the factory employees nor the factory leaders having any concept of marketing, let alone taking the initiative to improve and upgrade the factory's products.
Even if they have been making losses for years, they still have to purchase raw materials to continue production. The more they can't sell, the more they make, and finally it becomes such a mess.
Moreover, when Jinzi first saw how fat and well-fed they all were, he knew that these people had been pocketing a lot of benefits over the years.
Putting aside the product and market issues, the factory itself must be in a mess. Jin Zichu is certain that his five million investment will be ripped off by them first.
They still want to take its money and continue to act arrogantly in the factory. Sorry, it will not agree. The money it and the host earn also requires time and energy. They work hard to earn it, not to support termites.
Even for the donations over the years, we have assigned special people to check the accounts, and the details of each expenditure are verified at the beginning.
The host is willing to do good things, but is not a saint.
Jin Zichu was glad that his wife didn't come with him today, otherwise he might have been so angry that he wouldn't have been able to eat.
Zhan Tianqi followed Jin Zichu's footsteps and chased out, "Zichu, Zichu, are you really not going to consider it? If you have any requests, I can go and talk to them."
It is so difficult to attract investment now, and the most important thing is that the funds in the hands of Jin Zichu and Xu Manman come from Hong Kong. They have no shortage of US dollars, which is foreign exchange. They are also Chinese, and national assets will not be lost. There are not many such high-quality investors in the whole country.
People came here because of his face. Thinking of this, Zhan Tianqi felt even more embarrassed about what happened at the meeting today.
This is an old friend of my wife's from when she went to the countryside, so Jin Zichu still has to give him some face.
"Manman and I have some funds, but when it comes to investment, we also need to be fair, so the division of shares must be strictly based on valuation and investment ratio.
Investing is a business behavior. We should not only evaluate the overall scale of the factory and enterprise, but also look at its future development prospects. If we see that it continues to make losses, our money will be wasted. Tianqi, investment is not charity.
Having said that, I might as well add one more point. In today's open environment, if state-owned enterprises continue to stick to their previous models, they will eventually be eliminated. Instead of seeking investment, why not first look within themselves for their own problems?
"I know there are problems with the factory itself, but that's why we need professionals like you and Manman to come and provide guidance."
Zhan Tianqi believed that Xu Manman was a professor of economics and specialized in economics, so there would be no problem for him to turn a factory from loss to profit. And based on Jin Zichu's previous speech, he thought that they also wanted to fight for part of the management rights of the factory, which coincided with his idea.
"If the factory is just suffering from market problems, we wouldn't mind helping. But what if it's infested with insects? We can't do anything about that kind of disease."
Zhan Tianqi had never managed a business before, so he didn't find anything wrong with what the leaders said at the beginning. He also thought that Jin Zichu's subsequent remarks were just normal negotiations.
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