The market is the fairest teacher, showing no favoritism. Jiaming's food products have begun to sweep the market, generating huge profits. Some people have become middlemen, reselling to other untapped markets and earning the price difference.
Ren Qianbo's report in the local economic daily newspaper brought an end to the battle between Jiaming and Wanyuan. Today's turbulent market has only just awakened everyone to the fact that it is not over yet, and undercurrents are still surging.
Gao Zhiwei went on a business trip to a neighboring city and planned to supply goods through a general agent, letting the local bigwigs promote them. Lu Feng arrived at the factory at six o'clock every morning, and everyone was as busy as a bee.
The entire factory staff was streamlined, and forty or fifty more people were recruited. Everything proceeded smoothly, and in less than a week, Jiaming Foods was everywhere; you could find it in any small shop.
The competition among children to collect cards and exchange them for gifts has become a trend in schools, causing heavy losses to Ren Qianbo's Wanyuan Foods.
With declining market share, Ren Qianbo had no choice but to give all the profits to terminal retailers, resulting in losses. He then began to distribute a large amount of goods to occupy the market, advertise in newspapers, media, and on television, and engage in constant accusations and attacks against each other.
Losing more than 60,000 yuan a day is unimaginable for a food factory with 300 employees. Now the competition is about who has more funds, and they are frantically giving away profits to the market. It's a complete money-spraying campaign.
Ren Qianbo snatched Lu Feng's canned food business and made more than 200,000 yuan, but lost it all in less than a week, leaving him with less and less money in his account.
He had two choices: first, admit defeat, pay his employees' wages, sell the factory, and continue to live a wealthy life; second, refuse to admit defeat, continue to burn money, and take out his savings to invest in the company. This is a bottomless pit, which is why many businessmen jump off buildings when their companies go bankrupt.
Business is another kind of gamble, betting on tomorrow, betting on hope, betting that you can survive this wave and make a lot of money.
Just like what a boss surnamed Ma said many years later: Today is cruel, tomorrow is crueler, and the day after tomorrow is beautiful, but most people die tomorrow night.
After a busy period of time, Mr. Huang, who works in a state-owned enterprise, watched the fierce battle with great interest. When he saw Ren Qianbo pouring his savings into the fight and preparing to go all out against Lu Feng, Mr. Huang had already foreseen the outcome.
Lu Feng has countless people behind him. If he can illegally raise one million, he can raise ten million, or even one hundred million. Even if something goes wrong, he can just grab the lion's share.
Ren Qianbo wasn't competing with Lu Feng in spending money; he was competing with the entire nation. He had no choice but to lose.
Mr. Huang sighed, leaned back in his chair, looked out the window, and saw that snowflakes were falling. He thought to himself, "This year's snow came a little early."
"It's snowing!"
Da Tou stood in the corridor and knocked on Lu Feng's office glass. A smile appeared on his honest face, as if the snow made him very happy. Indeed, he had been living a very depressing life lately, and the first thing he did when he got home every day was to go to sleep.
Lu Feng glanced at the calendar on his desk. It was November 10th. His hair and beard were long, and his eyes were filled with exhaustion. He was wearing a coat and had the air of an old factory director.
Now everyone in the factory is afraid of him. Lu Feng raised his head and said, "Anyone bored? Why don't you stay tonight to supervise production?"
Big Head slunk away.
The money on the table was gone. Lu Feng opened the cabinet on his desk; it was almost empty. More than a million yuan had been burned through, used to pay returns to the investors. Now, less than four hundred thousand yuan was left.
"Nineteen more days until the rebate is due." Lu Feng looked at the sparse snowflakes outside the window, feeling a bit worried. If Ren Qianbo could hold out for another month, he would collapse.
"Can you handle it? The market can no longer accommodate you, what's the point of giving money subsidies? Your era is over, it's my turn to take control of the era."
"You're just a live-in son-in-law who relies on his father-in-law's power to monopolize the market. You live comfortably without any competition. Tell me, you've thrown in over a million yuan, squandering your retirement savings, haven't you?"
"Stop resisting. I don't want Da Tou to be sentenced to life imprisonment. Otherwise, I'll never have a clear conscience for the rest of my life."
Lu Feng stood at the door, a cigarette burning in his hand. As the saying goes, when an avalanche occurs, no snowflake is innocent. If Ren Qianbo continues to struggle, the avalanche will truly happen!
Wanyuan Food Factory went from having 427 employees at its peak to less than 100 employees today in just 28 days!
Ren Qianbo was thin and gaunt, with sunken eyes, looking completely different from a month ago. The table in front of him was covered with newspapers and various folders, and his fingers were stained yellow with cigarette smoke, making it impossible to tell how much he had smoked.
"Mr. Ren, we have too much inventory backlog, and it can't get into the retail market. Our new products don't sell as well as Jiaming's. Most importantly, we really can't keep burning money like this."
Ren Qianbo sold his house and his car, burning through 1.26 million yuan in a month, turning him from a millionaire into a pauper.
Where did he get so much money?
Ren Qianbo slammed his fist on the table in anger. He had asked this question countless times over the past month, but no one had answered him.
Give up?
He was unwilling to accept it, and he sat in his seat and started crying like a child.
"Why don't you give him a call and discuss it? We can split the market between our two companies," Liu Biao suggested.
Two weeks ago, before Ren Qianbo sold his house and car, he had already made a call, and even cried on the phone. In return, he received a cold reply from Lu Feng: "Business doesn't believe in tears."
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