Wang Dan's three tips for young entrepreneurs

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Friday, Vanke board chairman Wang Shi gave a speech at the Innovation Workshop. In China I believe that any industry has a very broad prospects for development, any industry as long as you find a broad space for development you have a future. China Resources is a company established before the founding of the PRC, although it is now state-run, but its thinking and operation are market-oriented.

Wang Dan, chairman of Vanke Group

In Friday, Vanke board chairman Wang Shi gave a speech at the Innovation Workshop. In his speech, Wang Shi tried to give entrepreneurs a direction in the macro-perspective through recent years ' insights and past reviews.

Entrepreneurship is to fill their own curiosity, the result is a ripe

My goal in life can be said to be very clear and very unclear. On the one hand is very clear, unwilling to the status quo, the unknown world interest. I'm 62 years old now, but I'm as curious and unsatisfied as I was when I was young.

On the other hand, it's very unclear. It doesn't matter what the real thing is. Don't rush to set a goal, but you must have a clear understanding of your life.

We often think of means or results as a goal. Because you want to solve your survival problem, you have to realize your ambition. The result is that you will be the same as the sheep boy, raising sheep to marry daughter-in-law and raise sheep. I don't believe Bill Gates dropped out of the garage to be the richest man in the world.

Vanke's entrepreneurial and your business is completely different, I do not know what to do, what can make money to do. Vanke in two years of rapid diversification, foreign trade, distilled water, film making TV. This has been going on for ten years until 93, when it began to think about what to do.

Why the real estate industry? First, there is no franchise, the second China's urbanization has a low threshold and large space. We plan to complete the main business transformation in five years. How do you measure regulatory completion? 80% of the income from this line or 70% of the profit from your main business. In fact Vanke spent 9 years.

So in simple terms, regardless of the industry different competition situation, but the purpose of life, to achieve what purpose, in fact, no difference.

In China I believe that any industry has a very broad prospects for development, any industry as long as you find a broad space for development you have a future.

Do you know what Vanke is going to do? Vanke is working on a 3D printer with NASA's Southern California University.

The wisdom of dealing with all kinds of interest relations

I have been told many times that CCDI to investigate me, and I remember very clearly that I was talking about my problem in Hong Kong. Some people say that you have to buy a house and have a deposit in Hong Kong, we are still not open to investment in Hong Kong, you have to speak out. I said, just tell me what it is. He had no choice but to say, the house is more than one place, money, seven digits. He does not say that I am still calm, he said I also special injustice, underestimate people! I said I'd break the law for seven digits. You have to tell the person who wrote the report that you have to create more, this is my identity symbol AH.

That's what it means, the real resistance comes from the inside. In this respect traditional enterprises and modern enterprises are no different.

The 08 economic crisis, hit 4 trillion, now dare to hit 4 trillion? Mixed economy is a wise approach, and might be loosened. Why Wisdom? Now the state-owned private sector seems to be in opposition, but the hybrid system combines the two, and Vanke is the representative of the mixed economy. China Resources, central enterprises, in a A-share holding 12%,b shares up 15%, mixed economy most in line with Chinese conditions, precisely Vanke is also such a design, you can say is luck, can be said to be wisdom.

China Resources is a company established before the founding of the PRC, although it is now state-run, but its thinking and operation are market-oriented.

If 10 years later, Vanke will be in China's real estate market position, but also a Hong Kong family holding company, what does Zhongnanhai think? On the contrary, what would zhongnanhai look like if we were a red-headed, state-controlled company?

Pursue modern enterprise system, weak relation culture is the best choice

The most difficult thing for an enterprise to deal with is the internal interpersonal relationship. The first group of elders must be strong relations, as early as three months is the old man, as early as two years is the elder, soon you will find the elder is very uncomfortable, they are loyal, but they reject the new arrivals, strong relationship after you how to balance. I 83 to Shenzhen, from 84 onwards, the most important thing every year is to balance the relationship between new and old people, balance the various factions. After all these years, Vanke has formed a culture called the weak relationship culture.

How the weak relationship is maintained is the contract. The contract has several requirements, which are voluntary, fair and enforceable. According to my age, nephew, children's generation, counted down a lot of relatives, in Vanke one did not. I was a soldier, Vanke did not have my army comrades, no childhood playmates, cadres. So you have equal fairness. Vanke has a lot of Tsinghua, Peking University. You don't have to know the chairman, you just have to be able.

Some people say that start-up companies have no resources at first, just start need strong relationship, we go forward together, when gradually have fame and resources, and then slowly converted to weak relations.

This logic actually involves a question whether it is managed in a transparent manner by the Western system, or in accordance with traditional Chinese thinking. It's basically the last who decides you're wrong. The West has the trade association, the Bar Association to decide, but in China speaking is the official standard, relies on the official. China does not have the spirit of contract or the western meaning. It even set the principle of breach of promise.

The year before last I went to the United States, Vanke Management approved to invest in the United States, finally they can not send out the general manager, the first to understand real estate, the second to understand Vanke, at least speak English, live abroad. In Vanke to find overseas graduates, understand real estate, in Vanke worked for some time, found that can not find, or meet the conditions of people do not want to go abroad. No way, I can only recruit outside. This is a weak relationship, a contract spirit. This is a mature market, all aspects of the market information transparent.

The project in San Francisco, I was in the east, to participate in the groundbreaking ceremony, I went to the site to see, I have not taken such a good place in China. The second project in New York City, east Side, Manhattan, 67 Street, this project is my dream project, I think of what I think of how to stand here.

We talk about the Chinese dream, but now I do the American Dream. Because of my pursuit of the modern enterprise system, the pursuit of transparency, norms, the rule of law, team, brand, in the United States have been achieved.

So, once the strong relationship has to turn, it is very difficult. How to turn the strong relationship into a weak relationship, how to inherit the traditional enterprise fine, if not solve this problem, your future will not be lasting. This is our Chinese entrepreneur to the present real common problem.