Cao Yundong Entrepreneurship Reflection: 30 less than harvest 100 million lie in the mud don't stand

Man's life will fight with himself, this way, success and failure intertwined, peaks and valleys interwoven. "A few days ago, as a dark Horse camp mentor, Treasure Net founder, learn and think co-founder Cao Yundong to Dark Horse Camp seven students bare their two entrepreneurial mentality course." As the youngest bell-ringing man in the history of the New York exchange, Cao was a teenager, 30 less than he had reaped the first billion of his life. Then as an angel investors are more when there is income, he has indirectly invested in the Beijing-east and other large-scale electric companies, can imagine that this will be a pot full of opportunities. Of course, Cao also has another bitter and haha role-electric business entrepreneur, in Aihongbianye's vertical electric business field, once the fantasy treasures net three years to be listed he, chooses the bow to grind the product, must lie in the mud to temper the product not to stand, because you stand the words thought will be too many. "Here's the Cao Yundong dictation: The only thing that doesn't change is human nature." I started working part-time at Peking University in 2003 and thought about the project, which was worth more than $1.3 billion trillion when it was listed in 2010. Do the first day of study and thought, I did not think it can be so quickly listed, all this although some accidental, but this also stems from the obsession with this matter, as well as the education company management and marketing means of a comprehensive upgrade. Of course, to learn and think experience a lot of hardships. In the 2004, there were less than 10 teachers in total, of whom two of the backbone teachers looked at me and Zhang Bangxin two children "to do business so big, then rebel" took our nearly 200 students to make a second. For the beginning of our business, this is one of the most fatal blow: they love not so many students are dug away, but the human nature of the query, feel that later I do not believe others. I remember especially clearly, it is a snowy winter night, I asked these two teachers in the Know Chun Road, called the "nameless" restaurant to eat, begged them not to go. These two people flatly refused, they have been plotting for six months, but I do not know. We reflect on which path we should choose, whether we continue to trust others or take back our mandates. We found that there was a problem with our system – not enough motivation. 2003, our teacher income has reached 100 yuan per hour, I think is relatively high. But they calculate that each class can receive the student 2000 yuan, oneself only obtains 300 yuan, then feels too few. Later I realized that a truth, our teacher half is part-time, they Monday to Friday in school, weekend to learn and think of lessons, figure what? To a large extent to increase income! We then combed through the whole teacher system and implemented a series of reforms, such as the establishment of 15 trainees per class (if more than 15 teachers could get more money). We later recruit new teachers from welfare benefits to them, we use the highest salary to attract excellent teachers, at that time a good teacher can earn 300,000 yuan a year. Now, learning and thinking is still using the 2004 system, the big framework has not changed, the teaching team is very stable, teachers are more standardized. We also gradually reduced the dependence on teachers, each sectionClasses are detailed to how to speak, such as after explaining a problem to tell a joke, when to tell a motivational story, these look very soil, but in fact very competitive. This crisis has also increased my personal stress level to some extent. You have to believe in the beauty of human nature, you have to reflect on yourself, you do not find the problem to hate others, otherwise you will be loyal to the people would betray you, and this will certainly bring endless vicious circle. Times are different, methods and techniques may change, but the only constant is human nature, you have to learn in the whole entrepreneurial process, their own to overcome their own shortcomings. Learn to do subtraction "at the beginning, learning and thinking of both the Olympiad training program, there are English and Chinese tutoring programs, but in the teaching process, we found that we actually do not understand English and Chinese, so we absorb some small entrepreneurs come in, but it is also very easy to cause the problem of division. 2005, we did a subtraction, the English and Chinese tutoring programs are cut off, leaving only the Austrian number of this product, English and Chinese were in 2008 and 2010 only to restart. From the level of students, we are also very focused, only to do five or six-year students counseling, the first grade, the first two are down to do down. There are a lot of temptations, there are opportunities to earn more money, but we insist on down, we think we are silly. Because the resources and talents are sufficient time too little, learn and think 2005 annual income of less than 10 million yuan, our ability is not strong enough, so did the project subtraction, took a focus on the strategy to attack the mountain. In fact, Baidu also has a lot of failure products, it must be cut off, or drag will be a very uncomfortable thing. So does MA. In general, entrepreneurs should do subtraction and less to do something before they are able to melt into large sums of money. If a person cannot resist temptation, he is not suitable for starting a business. The standard for a good entrepreneur is not how many items to mount, but how many to reject. Of course, in this process, we only focus on the Austrian number of a subject, but we refined the product, first invented the class market, such as elite classes, regular classes and accelerated, so that the split on the students more attractive. In 2008 years, the study and think of the explosion of growth, the number of students reached tens of thousands of, the annual revenue of up to 280 million, this is precisely because we have been doing accumulation, not in advance of the consumption of brands, even 2007 years ago we only in Haidian to do school. Therefore, the entrepreneur does not come up to say subversion, because can make the product to build a good temper is a big challenge.