After asking about several local investment companies in Chengdu, I immediately set off and took the initiative to visit each company to discuss whether they had investment intentions.
But the actual situation was not as expected. The other party was initially interested in my project and plan, but gave up the investment as soon as they heard about my identity.
I don't know what's going on, and I kept asking the Shenjia Investment Company and it was the same.
After being rejected by the fourth company, I asked out my doubts.
The other party told me that although they were very interested, the current predicament of Big Fish Media cannot be solved by the entry of assets. Moreover, Jianghe had also informed the Chengdu Chamber of Commerce that it would not allow me to invest without his permission.
This makes me so angry. He is also one of the shareholders of the company. Why should he block other people's investment?
Suddenly, I had a bad impression of Jiang He, and I couldn't understand why he did what he did.
After I came out of the fourth investment company, I called Jianghe.
He seemed to know why I was looking for him, so he asked me to go to his company to look for him.
Without saying anything, I drove directly to his company and met in his office.
"Why do you prevent other investment companies from investing in me?" Because I was angry, I didn't speak in a good tone when I spoke.
Faced with my questioning, Jiang He was not impatient and even poured me a glass of water.
I was in no mood to drink water at this time, so I asked him directly: "Tell me, why? Don't you know that the company has a serious capital turnover now?"
"I know." He said calmly.
"Then what do you mean? You're forcing me to die on purpose, right?"
"Chen Feng, if that's how you see me, then I don't think we need to continue talking."
I smiled coldly and said, "Okay, then tell me, what do you think?"
"I have talked with Ye Shanshan about the current situation of your company. This cannot be solved by simply bringing in funds. You have to understand where the problem lies."
"I know there was something wrong with my decision-making, but now I have to have funds, otherwise I won't be able to carry out the next step of my work."
Jiang He still took a sip of water and replied slowly: "Okay, let's use an analogy. A huge amount of money has entered the company now. What are you going to do next?"
"It is the most important thing to build up the brand effect of clothing factories and home furnishing factories. Only with the brand effect can I make sales. With sales, the logistics side can also operate. The current problem lies in clothing.
As for the factory and the home furnishing factory, I have spent a lot of financial and material resources running these two companies."
"It seems you know what the problem is."
"Isn't this nonsense? I am the boss of the company. Do I know what the problem is?"
Jiang He smiled and said, "Okay, I'm going to use this money on this. Can you guarantee that it will have good results?"
I kept silent, because it was indeed impossible to tell, but I was not betting, at least the hope was greater than betting.
In my silence, Jiang He said seriously again: "Chen Feng, I will not harm you, and Ye Shanshan will not harm you. There are big problems in the two companies you acquired before."
After a slight pause, he continued: "Think about it, if you had not acquired these two factories, you would have plenty of funds on hand now, right?"
"That's understandable, yes." I nodded.
"Wait until everything is completely stable before thinking about mergers and acquisitions. I think this is what normal people should do. Your steps are wrong."
Even now, I still don't admit that I was wrong, because if we operate like this, the company will always be looking for resources.
For example, if I open a canteen, if I want to wait until the business of the canteen is good and I have enough funds, I can open a branch elsewhere.
This is not impossible, but once this store is opened, the problem will always exist in purchasing and shipping. I didn't send it back to think about the branch.
In short, I won time and money, but I lost in money.
No, I don't think I have failed now. At least the company's current profits are very objective, but it is just that it cannot continue to carry out the next step of work.
After a period of silence, I finally said in a lighter tone: "Mr. Jiang, I understand everything you said, and I also know that you are thinking about the company. But I just want to ask you, why do you want to prevent others from investing in me?"
"As I said before, even if others invest in you, you still won't be able to get out of your current predicament, and may even suffer more serious consequences. I'm here to help you."
"Then tell me, what should I do now?"
Jiang He shrugged and said, "If I knew, I would have told you of course, I'm just an investor."
After a pause, he said to me again: "I can give you some suggestions."
"you say."
"I know you want to go public, and I won't stop you from this idea. So, I'll give you a few suggestions. First, a listed company must have reserve funds; second, it must be good at selecting employees and listen to their suggestions; third,
To be innovative, I think you should listen more to your employees’ suggestions, this is very important.”
I listened carefully, then nodded heavily, stood up and said, "I understand, Mr. Jiang, I also hope you give me some time. I will think carefully about the next steps when I go back."
"Well, go ahead. Again, I believe you."
Now that things have happened, I really can’t blame Jianghe. There were problems with my operational decisions, but I don’t think it was inappropriate for me to acquire those two factories.
After returning to my residence, I began to think about solutions other than entering funds.
I even got in touch with Jiang Shimin from Jiangshan Group and told him my current predicament.
But he smiled and said to me: "Xiao Chen, I didn't expect you to reach this point, but this is you, so I'm not surprised."
I was puzzled, "Mr. Jiang, what do you think of this?"
"I have faced the problem you are facing now. At that time, my company was about to go public, but non-performing assets appeared within the company, which worsened the company's financial situation. In addition, the competition in the industry was fierce at that time, which scared me.
At that time, I was raising money everywhere, but no one dared to invest in me!”
"How did you solve it, Mr. Jiang?" I asked immediately.
"I used asset divestment at the time, but this method is useless for your industry and the current environment."
Although he said that this method was useless for me, I heard some ideas from his words.
I then asked: "Mr. Jiang, I would like to ask, if we encounter this situation, it is not necessarily a problem of capital turnover, is it?"
"Yes, you have to consider the overall situation."
"Then I understand. Thank you, Mr. Jiang, for suddenly solving a huge confusion for me." I said sincerely.
Jiang Shimin smiled and said: "Xiao Chen, you are a smart kid. Having reached this point has proved to be a bottleneck. But don't be afraid. Break through this bottleneck and a whole new situation will be waiting for you."
Jiang Shimin's words suddenly gave me a lot of motivation, and finally someone believed in me.