Financial freedom starts with smiling at life

Chapter 328 The Daily Life of Entrepreneur President Jiang
In the morning, Jiang Beicheng first discussed several investment projects for large AI models with partners from Lian Capital.

After the meeting, I returned to the office and, since it was still early before lunchtime, I looked at some classic venture capital cases.

Although Lian Capital and its founder Jiang Beicheng have already made a name for themselves, Jiang Beicheng himself still maintains the mindset and attitude of a newcomer in the venture capital circle.

It requires accumulation and learning.

Only when you have a project you can be proud of, or a case study that makes you a legend, can you gain a foothold in this industry.

The big shots in this circle have very high standards.

Otherwise, he's just using his identity as the founder, Jiang Beicheng, to show off in front of his subordinates.

Gong Shijia made a 245 million yuan angel investment in Hikvision. Hikvision successfully went public in 2010, with its market value exceeding 5000 billion yuan at its peak. Gong Shijia made a fortune of 600 billion yuan, achieving a return on his angel investment of 3 times...

Lu Xiangyang invested 2.5 million yuan in the early days of BYD, which has seen a comprehensive rise in the new energy industry. BYD's market value is approaching one trillion yuan, and Lu Xiangyang's personal net worth is 130 billion yuan, making him the richest man in Guangzhou. His return on investment has reached 50,000 times.

It set a record for returns on angel investments.

In 2012, Shunwei Capital, Five Sources Capital, and Source Code Capital became angel investors in Douyin. If they had not exited during that time, based on Douyin's current valuation, every million yuan invested in the angel round would have yielded a return of tens of billions of yuan, a return on investment of up to 60,000 times.

Jiangbei City has studied both successful and failed angel investment cases.

We will also conduct in-depth research on large-scale transaction cases and merger and acquisition cases, and summarize and develop our own investment model.

Every well-known investor has their own model.

The underlying logic is the same.

Market potential, team capabilities, product innovation, business model...

All of these are thought frameworks built upon these key factors.

The framework requires a great deal of experience to fill in.

Long-term nature, social value, international political and economic situation, domestic policy orientation, and even different social systems are all key factors influencing the trend of a trend.

When to enter?
When will the investment be increased?

When to close and when to exit?

...all of these factors determine whether your return on investment is high or low, or whether you suffer losses.

After analyzing numerous classic and failed cases and reviewing big data from various industries and categories, Jiang Beicheng's investment thinking began to take shape.

He summarized this framework as: intuition + experience + increased investment in venture capital.

Investors may not be familiar with every industry, but with a wealth of experience, your intuition, or market sense, is very sensitive.

It can help you make relatively correct investment decisions.

Intuition and experience are a transformative process; they cannot be rushed.

Right now, the only thing Jiangbei City can do is "increase investment".

When a trend emerges, you have to get in first. The simplest way is to cast a wide net. Whether it's one million, two million, or three to five million, first open the door to the angel round and become an insider, instead of standing outside watching as an outsider.

Then they would reel in the fish, selecting larger, fatter ones to increase their bets and pursue higher returns.

He was confident in the investment model he had developed, so he went ahead and implemented it while accumulating experience.

Sooner or later, I will be able to sit in the main hall of the International Finance Forum and speak eloquently.

After enriching myself, I had lunch at the cafeteria here.

After dinner, I went to Hailin's office and sat down to have tea with my father-in-law.

I visited Baicheng Catering Investment Co., Ltd. in the afternoon.

Xu Ru showed him the quarterly report.

It has been exactly one year since the opening of the Beicheng Hotel Guanghuan Branch.

The year-on-year and quarter-on-quarter increases in revenue and profit are very significant. In such a competitive market environment, when competitors are scrambling to enter the lower-tier market, Jiangbei Hotel is able to gain a foothold in the high-end catering market and deliver such outstanding results. Jiangbei Hotel is very proud of this achievement.

It also owes much to the hard work of all employees.

After reviewing the report, Jiang Beicheng said happily, "The management of each store will be awarded 5% equity, and employee salaries will be increased by 10%, starting from the last quarter of this year."

When Jiang Beicheng was establishing Beicheng Hotel, he made two promises to his employees: one was weekends off and annual leave, and the other was a raise when the company was developing steadily and making considerable profits.

The two-day weekend and annual leave system has been in effect since the end of last year.

The second pie should be secured as well.

The 5% equity incentive for management, when converted into dividend income for the Jiangnan City, Rongcheng, and later Hangzhou stores, is approximately 1.5 million yuan. This means that the average manager of each store can earn an additional 200,000 to 300,000 yuan per year.

In Shanghai and Beijing, stores like these generate over three million yuan in dividends, with managers receiving an average of five to six hundred thousand yuan more per person.

Following this equity incentive program, in addition to city managers and executive chefs, some management personnel will also have annual salaries reaching around one million.

The salaries of ordinary employees increased by 10%, which is about six or seven hundred yuan more per month.

Prices in Shanghai and Beijing could rise to 1,000 to 1,500 yuan.

By doing this, Jiangbei City is not only fulfilling its promises and leading its employees to enjoy the benefits of the times and live a better life.

It's actually a process of delegating power.

After the Beijing branch opens at the end of the year, he will not be personally involved in next year's catering projects.

The North City Hotel has grown from an infant to a school-aged child under his care. He will leave the decision of how to proceed with this book to the management.

For projects under 50 million, he won't participate in every step from project initiation to implementation, nor will he make decisions on everything. After the project plan is prepared and handed to him, if he thinks it's good, he will directly approve the budget.

We must cultivate the courage and boldness of managers, and not restrict them, making them hesitant and unable to display their talents.

In addition, it is necessary to ensure that frontline employees feel involved and participate in the company's development planning.

Only such an environment can retain talent.

Employees will have a stronger sense of belonging and pride.

When these things are done well, employees' initiative will naturally be stronger.

Having provided them with such a great platform, they will feel ashamed for not having demonstrated their value.

This is what you call high-level workplace manipulation. Of course, for Jiang Beicheng personally, there was another reason why he dared to distribute profits this way: to upgrade the system.

Although I now have more and more businesses and more sources of income, my main source of wealth is still the system.

After all, the system now provides 8000 million a month, and nearly 10 billion in cash wealth a year.

Xu Ru was stunned when she heard Jiang Beicheng's decision.

It took a while to react.

Jiang Beicheng said, "On Monday, you organize a meeting for the management team. Just represent me at the meeting. I'm going to Beijing on a business trip next week."

Xu Ru nodded, suppressing her excitement, and did as she was told.

In the afternoon, Jiangbei left early because he had to attend a meeting of the Jiangnan City Federation of Chinese and Foreign Enterprises in the evening. He went back early to change his clothes and get ready.

The moment I left the company, news spread that the company was going to raise salaries.

The discussion was lively in several city store groups.

"I heard there's going to be a job increase; is that reliable?"

"Reliable. Manager Xu just came to the administration department to discuss the meeting on Monday."

Wow... I'm so excited.

"Does anyone know the exact figure? How much will it go up this time?"

"Ten percent, I just overheard that, 5 percent of management's equity incentives."

"Holy crap, President Jiang is a living saint!"

"My monthly salary has increased by several hundred yuan again, hehehehe, it feels so good."

"Are the Beijing and Hangzhou stores also going up in price even though they haven't opened yet?"

"The increase will be paid directly according to the new salary standards."

"This is so awesome! Happiness came so suddenly, hehehe!"

"..."

Number of smiles: 399/10000

Jiang Beicheng had just arrived home and was about to take a shower when his smile value on the system panel increased by more than 300.

He shook his head and smiled, knowing that the employees must have found out about the pay raise.

However, it's still far from ten thousand.

As the number of stores increases and other businesses under one's control gradually take shape, the number of employees will increase significantly, and the speed at which one can accumulate smile points will also be much faster.

There are so many friends too, they're also part of the system's records.

Jiangbei City isn't in a hurry right now; they can spend 80 million a month as they please.

The industry has a special investment fund, so even if there are losses, there is a business investment fund to cover them. Besides, it seems to be flourishing in all aspects now.

"Aunt Shen, give me a back scrub." Jiang Beichen called out to the door as he showered.

"Coming!" Shen Jun ran over.

After rubbing his back, I dressed him in a formal suit for the Sino-Foreign Enterprises Association meeting that evening.

This association was jointly established by the Jiangnan City Investment Promotion Bureau and the Jiangnan City Commerce Commission, together with the General Chamber of Commerce and foreign-invested enterprises.

It's more like a social gathering.

To promote exchanges and cooperation between Chinese and foreign enterprises, the government acts as a bridge, enabling mutual benefit and sharing.

Today, the speakers were still several key leaders of the Chamber of Commerce, as well as representatives of foreign companies.

Jiang Beicheng was invited to visit, with the intention of learning and making friends.

"President Jiang, it's a pleasure to meet you."

"Mr. Jiang, let me introduce you to Mr. Li Zhigang, CEO of Carlsberg Group, a friend from Malaysia."

"Mr. Jiang, hello."

"Mr. Li, I like to drink Wusu beer from your group."

"Haha, thank you for your recognition, Mr. Jiang. Please give me your valuable suggestions."

"Mr. Li, this is Mr. Jiang, the leader of young entrepreneurs in Jiangnan City, from Jiangbei City."

"Mr. Jiang, this is Mr. Li Chunlin, General Manager of HP's Southwest Region."

"President Jiang, I've heard so much about you."

"It's a pleasure to meet you, Mr. Li."

"Mr. Jiang, hello. Let me introduce myself. I am Yao Jun, General Manager of Siemens Western Region."

"Hello, Mr. Yao."

"President Jiang, this is Yuan Jun, the head of Cummins in Jiangnan City."

"..."

Before the conference began, Jiang Beicheng mingled among the representatives of foreign-invested enterprises, greeted them, and got to know them.

The regional managers of these foreign-invested enterprises are mainly Chinese and of Chinese descent, making communication very easy.

Jiang Beicheng's current status and influence in the Jiangnan City business community are enough to warrant receiving a respectful address from representatives of foreign companies on this occasion.

After getting acquainted with the leaders, I greeted them, shook hands with them, and then took my seat.

The atmosphere was relaxed, and a banquet was set up in the venue. People ate while listening to speeches from leaders and business representatives on the stage.

After the joint meeting, he was dragged by several second-generation entrepreneurs to play a few rounds of mahjong. It was late at night when Shen Jun drove to pick him up.

President Jiang is quite busy today.

(End of this chapter)