Liu's Sermon on Entrepreneurship: Steamed bread enough to take off immediately

Yesterday, just in Lyon, France, won the "2010 World Entrepreneur" award of Liu, to start the Chinese entrepreneurial classroom-"Lenovo Star Hall."　　This time, Liu's identity is not only the president and chairman of Lenovo Holdings Limited, but also the representative of the biggest shareholder of Hankou Bank, and the first speaker of "Lenovo Star Hall" in the Han Dynasty.　　40-year-old Sea entrepreneurship, 60-year-old Let go Lenovo, focused on investment in the field of Liu said, now, Wuhan Optics Valley has become the second independent innovation zone after Zhongguancun: here will hatch a batch of "new association". Can really hatch such a group of "new Lenovo" to, Lenovo Holdings is not in return. "Lenovo Star Hall is our investment operation mode, mainly two large chunks, one is entrepreneurship training, the other is Angel investment." Training This module is completely public welfare, free, we will spend about 10 million per year more than the funds.　　"Yesterday, before the opening of Liu," Lenovo Star "and the City Science and Technology Bureau signed a strategic Cooperation agreement, will provide Wuhan science and technology entrepreneurial talents with high-end entrepreneurship training, improve the overall management capacity, promote the industrialization process.　　At the same time, Lenovo Holdings, Lenovo Investment, Hankou Bank, Hong Yi Investment 4 institutions signed to provide financial support for small and medium-sized innovative enterprises. Steamed bread enough to take off immediately after 10 years, Wuhan "China Optics Valley" after Beijing Zhongguancun was awarded the second independent Innovation zone in China.　　When can the Optical Valley fly out a batch of "new Lenovo"?　　In this respect, Liu suggested that Wuhan entrepreneurs: Goals Lofty, continuous sublimation, overcome difficulties, never waver.　　As the first group of entrepreneurs in Zhongguancun, Mr Liu said that what he did when he started his business in 1984 was just "profiteering". "For a long time, the first group of entrepreneurs in Zhongguancun were in ' profiteering '. But now it's very important to look back. It allows us to enter the market economy from the planned economy and accept the influence of the business environment. With that period of accumulation, we learned a lot of things, then the scientific and technological achievements began to transform a lot. "For Zhongguancun and Optics Valley, Liu thought, all need a thick and thin hair process." The front (profiteering that time) first ate three steamed buns, did not feel full, the fourth steamed bun eats down, the Zhongguancun power only then began to appear. Now, Zhongguancun has become an important source of growth and financial income of Beijing's GDP. Wuhan Optics Valley also has to have a short steamed bread process, but not like the Beijing Zhongguancun so long. "" to the scientific and technological personnel of the concept of change, the mechanism of change must also have a process, because researchers are really easy to make their own scientific research, as a product of the most important link, or even see other links, these are to let them transform very difficult place.　　Liu said that this time he came to Wuhan classes is expected to let Wuhan Science and technology entrepreneurs understand the transformation of scientific and technological achievements how many links, how many things to be able to convert the results into products. But he believes that the Wuhan Optical Valley has the advantage of the latter, to their Zhongguancun businessAfter a serious summary of the experience and lessons, Wuhan Optics Valley will take off in a flash. Get your money out of here. 2000 began, Lenovo transformation, into the field of investment.　　In 2000, Lenovo invested 35 million yuan to start the "Lenovo investment" current management of the Fund more than 6 billion yuan, more than 100 investment enterprises, 25 exit, and 2004, Lenovo Holdings again set up Hong Yi Investment, its management capital of more than 30 billion yuan, investment enterprises more than 40. "At present, Lenovo Group is a wholly owned subsidiary of Lenovo Holdings, its profits accounted for only 25% of Lenovo Holdings." "After 10 years of venture capital, Mr Liu said today's Lenovo is no longer just selling computers to make money."　　So far, his investment has been very good, and the high return on investment has led to a growing abundance of Lenovo's investment funds. "The next five years, Lenovo Holdings will be listed." Over the next two or three years, we will have to invest 12 billion or 12 billion of the money. "It was a bit of a rush to hear that Lenovo invested only 11 of the 170 projects that were intended. "You see, our Mr. Lu Gang (Editor's note: Lenovo Star Venture Capital company deputy general Manager) is a very stingy person." For an early entrepreneur, even a dollar is helpful. And for the early investors, even if you get less money out, you have to take out AH. Only if you spread the money, you have a chance to see if the investor is capable. "And for Liu's" Blame ", Lenovo Holdings vice president Tang Xudong hastened to carefully explain:" This also has a process. " These 170 projects are a phase two training, with limited time. For the three training, we ran twenty or thirty cities and watched more than 500 projects before picking out 70. "It is understood that there are 70 of the total number of projects selected by Lenovo to participate in the third training course, of which 7 are from Wuhan." "From the standard, as long as the High-tech, there is no industry restrictions." As long as the High-tech industry, no restrictions on the industry, including even in the High-tech pilot products, we will choose him.　　"Since 2001, Lenovo Group and Shenzhou Digital two pieces of business to Yang and Guo Wei after, Liu basically did not in any Lenovo computer-related talks, once again appearing in the public view, his identity and the topic of enterprise management and investment in the field." "My main energy has already moved to the investment side," he said.　　2009 This thing (Editor note: Lenovo Group after the loss of the Chairman again) is also a necessity, now Lenovo Group is basically on the right track, I think we can say that the merger is successful, Chinese and foreign personnel in the running-in is very good, but also formed an international staff recognized corporate culture. Mr Liu says his main focus is now more on Lenovo Holdings. "I'm not really a workaholic, and my own greater interest is not necessarily work." I often complain that they give me too much work. Assume that the current workload will be reduced by about half in the short term orIt would be more appropriate to reduce it. I'm going to deploy this when I get back. Liu said that in an enterprise, the big strategic plan from the beginning will be made by young colleagues, and his older elders to do is to stand on the side to see it, to make comments or something. [Page] compared with Jack Ma, Robin Li, and Baijun, he is arguably the oldest big brother in the world.　　Compared to the previous few, the 66-year-old Lenovo recalcitrant is more of a mind free and frank. Yesterday 9:30 A.M. to 11:30, for the convenience of reporters, Liu deliberately before the opening of the main lecture hall, the national media reporters in the third floor of the Marco Polo Hotel in advance interview.　　Two-hour interview, regardless of macro, micro, and Lenovo related to the No, Liu all answer.　　On-Site questions and answers: In the face of entrepreneurship: it is best to ask: what should entrepreneurs pay attention to? Liu: Entrepreneurial road hard rugged, before you go must think clearly, once embarked on this road, you can withstand the failure to return to the starting point, to come again?　　1987, Lenovo from Hong Kong into the computer, the exchange of renminbi, the other party received 3 million yuan suddenly disappeared, 3 million, almost all of Lenovo's capital, at that time even want to take a piece of brick to shoot the liar. For three weeks, I woke myself up every night, beating my heart. Then I went south to find the liar, he said just want to misappropriation, but I was really stimulated, brain is not brilliant, to the hospital for two months to live.　　Entrepreneurs need to think more before starting a business, which areas can be done, and who cooperation is better, ask more people, so as to less failure.　　In the face of crisis: to dare to venture out to ask: Small business entrepreneurs often encounter before a big business in the way, after the plight of new arrivals, how to do?　　Liu: I have the same feeling and experience as you. In the early 90, China's information industry first entered the WTO, tariffs dropped, import approvals were canceled, and foreign computer products made a big inroads into the Chinese market.　　In particular, the Dell computer from the United States to kill to Europe, and from Europe to China, all the way to pull the siege. Many domestic computer brands in the impact of their exit from the market, Lenovo also defeated. But we don't concede, after careful study, 2004 we acquired IBM, and Dell Company Open battle, this is a risk chess, we use 1.25 billion of cash and shares to buy IBM, if the stock price fell, we can use two or three times times the money for mergers and acquisitions, fortunately, we won.　　Entrepreneurship will encounter all kinds of difficulties, to dare to go all out.　　In the face of management: Lenovo children are not allowed into Lenovo asked: Lenovo in business management What is the brilliant idea? Liu: Corporate interests first. Lenovo employees, many of the sons are learning computer, my child is also learning computer, if all take care of the company, then how to carry out the work? So, Lenovo Company has a rule, parents in the company, resolutely do not let children into the company. The enterprise is big, inevitably has the big customer or the related leader introduces the childInto the company, it is not good to refuse. We have set a rule, such people into the company, must be three of the boss at the same time to sign the line, and never let people know his background, everyone equally, if he made a mistake, Lenovo will also deal with, corporate interests is the first. The meeting is not empty, empty rhetoric will affect the attention of everyone, as long as I find that will be interrupted immediately.　　Don't be late for a meeting, it's a promise on time. In the early 90, Lenovo set the rules, who was late, standing for a minute, everyone stopped to observe a minute of silence.　　Lenovo Company in Beijing West, the meeting place sometimes in Beijing East, in order to meet on time, I often one hours in advance to the past.　　Facing the enterprise: Leaders need to have a higher EQ Q: People call you The Godfather of entrepreneurship, what qualities do you think leaders should have? Liu: I am not the Godfather, I think as a leader, he must have a strong goal, never waver, have a high EQ, with the ability to work with people, have a strong learning ability, lead by example.