Siheyuan: I am different He Yuzhu

After talking about the episode of Tongzhen Department Store, He Yuzhu continued, "To sum up the points I mentioned, first, we need to improve product quality and performance to meet the needs of consumers. Secondly, we can increase investment in research and development, continuously launch new products and technologies, and maintain our leading position in the industry. In addition, we must also improve after-sales service, strengthen brand building through after-sales service, improve brand awareness and reputation, and attract more consumers to buy our products. After completing these steps, we can basically gain a foothold in Hong Kong, then we can expand markets outside Hong Kong and promote Meihao Electric's products to the world."

"Xiao He, I remember what you said, but I'm worried that we won't be able to find technicians in Hong Kong who understand television production! Not to mention research on the development of new technologies for televisions. After all, there were no companies producing televisions in Hong Kong before." Lou Bingcheng said with a worried look on his face.

"Dad, don't worry! Hong Kong is a big city with more than 300 million people after all! Although what we are going to do is difficult, it is not completely impossible. First of all, as long as we are willing to pay high salaries, we will definitely find suitable workers who understand electronic technology. I am very confident about this. Secondly, as for your concern about not being able to find people to study TV technology, this is actually easy to solve. You can arrange for some people to go to Western Europe and America, where there are many technical talents. If we really can't find suitable people, then we can look for those engineers who have retired from TV companies and invite them to Hong Kong."

"Then, we will recruit some smart and quick-witted high school graduates from Hong Kong. Although they didn't get into university due to some special reasons, their abilities are not bad. Let these young people learn from the engineers we invited, and after a period of training, I believe they will become the technical backbone we need. In this way, won't we have our own technical team? So, there are always more solutions than problems!" He Yuzhu comforted Lou Bingcheng with a smile.

"Of course, this is just a stopgap measure. The best way is for you to cooperate with well-known universities in Hong Kong and let them develop some majors related to TV production. In this way, when these college students graduate, you will have excellent talents to use."

"It's possible to hire technicians from the West, but the salaries of Western technicians are generally very high. If you want them to come all the way to Hong Kong, you may need to pay them more, which will probably be very costly. As for training college students, you can try it first, but the effect is too slow."

"In any case, the TV production line bought from the West will not be obsolete in a short time. Although Western technicians are expensive, they are ready to start R&D work directly. The college students trained by ourselves are slower, but they are more stable and relatively cheaper. So we have to make preparations for both situations. In the early stage, we still need to hire some Western technicians to come to the factory for training and do some basic R&D. At the same time, we will recruit some college students related to electronic technology from the society. By the way, there are many Chinese descendants in Southeast Asian countries, so we can also do some screening in these areas."

"Dad, actually there's nothing wrong with giving technicians a moderately high salary, as long as they have real skills and knowledge, maybe a small invention made by a technician can make the company take off." He Yuzhu said earnestly, "Dad, if possible, I suggest you take out more income from the company's profits to give to the workers. For the specific reason, you can refer to the story of Henry Ford, the founder of Ford Motor Company. Sometimes the boss can take less and the company can take off quickly."

"Okay, Xiao He, Dad got it. By the way, Xiao He, what do you think about the company's listing?" Lou Bingcheng suddenly asked.

"What's wrong, Dad, do you have any plans to go public?"

"No, I just want to hear your opinion. After all, Hong Kong has a stock trading market, and it's very popular!" Lou Bingcheng explained with a smile.

"The purpose of issuing stocks is to facilitate the company to raise funds to achieve rapid development. Therefore, it was initially only raised from specific people. However, as the times progressed, some people discovered that the company's stocks could make a lot of profits when they were circulated, so the stock trading market was gradually born. Now the stock market is a gamble of capital. People who buy stocks have the right to gamble on winning or losing. The stocks in their hands are their chips, and whether they can win the gamble depends on the dealer and the people who enter the market later. Whether it is the stock of a good company or a worse company, the price will be fluctuated by those who are interested. Only when the price fluctuates can there be a chance to make money. For ordinary people who buy stocks, the only thing they can decide is the price at which they buy the stocks. As for the price at which they want to sell, it depends on the layout of those who are interested."

"When a company goes public, it can help the company solve the problem of funding for development. After that, there will be a capital carnival. Major shareholders can sell their stocks when the stock price is relatively high and make a lot of money. But the corresponding thing is that the more stocks are sold, the less say they have in the company. In order to stabilize the company's stock price, the company must work hard to improve its performance, which will gradually disrupt the company's development plan. Therefore, I feel that if you want to be a century-old company, it is best to focus on your main business and not go public; if you want to make a lot of wealth, you can consider going public. As long as the company can be successfully listed, you can easily make more money than you can make in decades of running a business with just a few operations."

After listening to He Yuzhu's words, Lou Bingcheng smiled and said, "I didn't expect that although you are in Beijing, you are very familiar with these capitalist things abroad."

"Not really, I just happened to read an introduction to the stock market in a book I read before, and what I said are just my personal opinions. Professionals may think that what I just said is nonsense. Dad, why did you suddenly ask this? Are you planning to list the company under your name?" He Yuzhu asked curiously.

"No, the company is developing very well now and does not need to go public for financing. It's just that the Hong Kong stock market has been very hot in the past two years, and many people talk about stock trading after dinner. I often hear people talking about this when I attend dinner parties before, so I want to hear your views on the stock market."