Reborn in 08, a heretical cultivator starting a business

Chapter 174 Entrepreneurship Competition Champion, Little Duck is Going to Be a Hit!
Wang Junshan originally did not want to attend the awards ceremony for the college student entrepreneurship competition.

I even considered withdrawing from the competition!
For someone at his level to participate in a college student entrepreneurship competition is really too much of a bullying.

However, neither the school nor Binhai City agreed to Wang Junshan's withdrawal from the competition.

They even begged Wang Junshan to participate!
Frankly speaking, this year's college student entrepreneurship competition would be much less impressive without Wang Junshan's participation.

But whenever Wang Junshan comes, it will definitely be the most brilliant session ever.

This serves as both the best encouragement and a spur to future students.

Having said all that, it would be unreasonable for Wang Junshan to refuse any longer.

Moreover, Little Duck has just been acquired and resumed production, and urgently needs a surge in traffic to increase its popularity, boost sales, and clear inventory.

The Little Duck washing machine became an instant hit after being listed on Vipshop!

This entrepreneurship competition is the best choice.

April 12st morning.

The campus of Binzhou University was already bustling with activity.

However, besides students, there were also many media reporters coming and going.

Although this college student entrepreneurship competition was only the Binhai University entrepreneurship competition, the media present were not only from Binhai City, but also from many other cities and provincial media.

In addition, the four major portal websites also mobilized!
They're all here for Wang Junshan!
When Wang Junshan registered for the Shandong Provincial College Student Entrepreneurship Competition in June, Director Yu asked him to register for the Binzhou University Entrepreneurship Competition as well.

The provincial-level entrepreneurship competition will conclude at the end of December, with awards presented at the end of January.

The entrepreneurship competition at Binzhou University ended at the end of November, with the awards ceremony on December 1st.

Wang Junshan never imagined that the school competition he casually signed up for would attract so much media attention today.

Wang Junshan welcomed this with open arms.

With fewer media outlets present, how can we promote the future of smart homes? How can we promote Little Duck?

How to quickly clear inventory and make a profit?
These are all explosive points!
If we can significantly increase the popularity of the duckling, even if it doesn't return to its peak, but only reaches 70% of its peak, it will be of immeasurable value!
Users within the province, in particular, have a strong emotional attachment to Little Duck.

"How does it feel to be back at Binzhou University after several months, Chairman Wang?" Shen Huaijin joked with a smile.

"It felt pretty good, except there was a mosquito buzzing around."

"Mosquitoes? There are no mosquitoes, it's winter..." Shen Huaijin stopped mid-sentence, glaring angrily at Wang Junshan: "You called me a mosquito? You...you...you're going to miss your lunch!"

"The principal treated me to lunch."

"You've missed dinner too."

"Oh, Mayor Han is treating me to dinner tonight."

"You...you...you won't get breakfast tomorrow either!"

"I have calcium milk biscuits at home, which taste great when soaked in milk."

"Hmph!" Shen Huaijin was furious, but there was nothing he could do.

"I must say, someone's angry look is actually quite cute," Wang Junshan said with a smile.

"Adorable!" Shen Huaijin's mood improved, and just as she was about to say something, Wang Junshan had already walked to the front row.

Besides a group of school leaders, there was a seat reserved specifically for him.

As Wang Junshan approached, a commotion arose among the surrounding students.

"That's Wang Junshan, Chairman Wang! We've finally met him in person."

"I don't want the celebrity's autograph, but I want his autograph."

"During summer vacation, I worked part-time with Chairman Wang, selling winter melons. I earned three thousand yuan in a month. I can brag about this for the rest of my life!"

"It's been several months since I last saw him. Back then, I went with Chairman Wang to distribute flyers at the school next door to expand the market. I even rode in Chairman Wang's tricycle!"

"Wow, sis, you're so lucky. I'm so envious."

"Yes, I saw Chairman Wang frequently during that period. He was very approachable. He even said that making money is not easy and advised those of us who are not in the IT field not to rush into buying iPhones. It's best to delay consumption and delay gratification. He's really a good boss."

Why should IT professionals rush to buy a job?

"Duh, of course you should learn iOS app development!"

"That's right, how come I didn't think of that? C and Java are everywhere, but iOS development is extremely rare. Mr. Wang, you're brilliant!"

"So young, and already a billionaire! Talented, rich, and handsome! I wonder which girl got lucky with him."

"Who else could it be? Look behind them, they came with Chairman Wang."

"Who?"

"My God, Shen Huaijin!"

"The school beauty, rich and beautiful, is quite a good match for Chairman Wang. I'm so envious!"

……

Hearing these words, Shen Huaijin remained outwardly calm, but inwardly he was secretly delighted:

"You know what, these people have good taste."

The awards ceremony has officially begun.

Gu Ruoyan, a freshman majoring in broadcasting and hosting, was in charge of hosting.

Her beautiful face and standard tone of voice instantly caused a sensation.

They went up to receive their awards one by one, starting with the tenth, ninth, and eighth place winners.

However, these are all ordinary projects, nothing special.

The reaction at the scene was lukewarm, and even the media reporters remained indifferent.

Even the cameraman put the camera aside after filming Gu Ruoyan.

We're all waiting for Wang Junshan to make his grand finale appearance!

A school's entrepreneurship competition is not worth the full-scale media attention.

They rushed over because of Wang Junshan.

College students start their own businesses and become billionaires!

This is incredible!

It's sure to make the headlines!
Finally, we reached first place.

Gu Ruoyan's eyes lit up, and her voice became even more melodious:

"Next up, the champion of the Binzhou University Olympic Games Entrepreneurship Competition!"

Instantly, everyone in the audience became excited and turned to look at Wang Junshan.

Gu Ruoyan paused for a moment and then said, "He is a sophomore in the Computer Science Department of Binzhou University."

"I participated in an entrepreneurship competition in June and started by selling winter melons, which earned me my first pot of gold."

"Next, we launched a group purchase program on QQ groups."

"We founded YouTuan.com and launched YouTuan Campus Group Buying, which now covers four provinces and hundreds of universities."

"And founded YouTuan International, a vertical e-commerce platform, with monthly transaction volume of over one billion yuan!"

"He also single-handedly created WeChat and developed 'WeChat Farm,' which we all love to play!"

"And Vipshop, the e-commerce platform most popular among young people today!"

"He is the champion of the Binzhou University Entrepreneurship Competition and also the champion of the National Entrepreneurship Competition."

"An absolute champion, unparalleled in history!"

"Welcome Chairman Wang Junshan, Chairman of Future Technology, founder of YouTuan.com, founder of WeChat, and founder of Vipshop!"

Wow!
Thunderous applause erupted one after another.

The media, who were originally dozing off, had already set up their long lenses and microphones.

When Wang Junshan walked onto the stage, Gu Ruoyan's eyes lit up, and she quickly stepped forward to hand him the microphone.
"Thank you," Wang Junshan said, looking at the crowd below the stage.
"First of all, I would like to thank the school leaders and students of Binzhou University for their support."

"YouTuan Technology, rooted in Binzhou University, began at Binzhou University." "Now it has expanded to the capital and across the country. Just like all of you here today, you all have bright futures ahead!"

"Wow!"

The applause started again.

"Chairman Wang, after reading about your entrepreneurial journey, many students from Binzhou University are also thinking about learning from you and starting their own businesses. Do you have any experience or advice to share with everyone?"

Wang Junshan nodded: "I can briefly talk about starting a business."

"First of all, I do not recommend any student drop out of school to start a business."

"In the short term, doing this will give you more time to start a business and operate it."

"But in the long run, it actually lowers our future ceiling."

"Secondly, I do not recommend that you take out a loan or incur high debt to start a business."

"Starting a business is very risky; you could lose everything at any time."

"Like the global financial crisis this year, countless established companies went bankrupt. Startups fared even worse."

“Even without an economic crisis, there are countless startups that go bankrupt.”

“If you start a business with debt, at the age of eighteen or nineteen, or in your early twenties, when we are not yet mature, you will be in debt for hundreds of thousands or even millions of yuan. Your future life may become very bad.”

"Of course, I'm not trying to dampen anyone's enthusiasm."

"On the contrary, I suggest that everyone prepare more and plan more before starting a business, think about the worst-case scenario, and take precautions."

"Do you have any experience to share?"

"That means don't take too big a step at the beginning, take it slowly and proceed step by step."

"A quote I really like is, 'Flowing water doesn't compete to be first, but to flow endlessly.'"

The more steadily we walk, the further we will go!

The applause started again.

Everyone nodded in agreement; these words were neither motivational nor misleading.

Instead, they poured cold water on everyone's enthusiasm, advising them to be steady and cautious, and not to drop out of school to start a business or go into debt!
That is undoubtedly quite responsible.

In fact, since Wang Junshan's success, many students have thought of following suit, some even dropping out of school to start their own businesses or borrowing money to do so...

If it succeeds by accident, that would be great.

But the more likely outcome is failure, which would make the future uncertain.

Getting into a 985 university is not easy.

"Thank you for your kind guidance, Chairman Wang. I have benefited greatly from it." Gu Ruoyan smiled sweetly.
"Chairman Wang, have you been busy with the ten international warehouses in the capital all this time?"

"The international warehouse issue is one aspect. Recently, I was invited by the Jeju State Assets Supervision and Administration Commission to help revitalize a long-established and well-known company that had undergone two failed asset restructurings and was on the verge of bankruptcy several times."

"Oh? What company is it? I think I've heard of it."

"Little Duck Washing Machine".

"I know that! Little ducklings are awesome!" Gu Ruoyan exclaimed excitedly.

"The washing machine in my house is a Little Duck brand. Hmm, I think I bought it when I was in elementary school, it's been more than ten years, and I'm still using it now."

"It's still a twin-cylinder engine; it should have been replaced with a fully automatic one, but it just won't break down!"

"Haha, I have the same at home," Wang Junshan laughed.

"I believe that many of you here are in this situation at home."

Everyone nodded.

This is especially true for students from within the province, or those from the north.

Before 2003, Little Duck washing machines sold more than one million units annually, ranking among the top three in the country, and even number one at one point.

Sales in the north are even more staggering.

Back then, fully automatic washing machines were rare and expensive; most were twin-tub pulsator models.

And ducklings are the top choice in the north.

However, after the restructuring failed in 2003, the company declined year by year and was completely surpassed and crushed by Haier.

"Chairman Wang, I've also heard about Little Duck's situation. It seems they've been emptied out by Sweet, turning their 300 million debt into 1 billion. Under these circumstances, won't you feel a lot of pressure taking over Little Duck washing machines, or even get trapped?" Gu Ruoyan couldn't help but ask a few more questions.

Wang Junshan nodded: "A wise man does not stand under a dangerous wall. Even the Future Investment Department felt that I should not have acquired Little Duck and should not have entered this bottomless pit."

"Right now, the first priority for Xiaoya is debt restructuring, which will require at least 6 million yuan to resolve its debt issues."

"Then, how to resume work and production and reopen sales channels is also a big problem."

"We'll need to invest another 200 million yuan to upgrade the production line and conduct research and development..."

In short, it's a bottomless pit.

"Everyone advised me not to get involved."

"But I think it's a real shame that such a good brand and such an excellent national enterprise have been dragged down by rogue capital."

"It is even more regrettable that thousands of employees lost their jobs due to bankruptcy."

"As entrepreneurs, we shouldn't just focus on making money; we should also have principles for what we should and shouldn't do!"

“Last month, I was still determined to continue with the Little Duck washing machine business.”

"With an investment of 600 million yuan and in partnership with the Jeju State-owned Assets Supervision and Administration Commission, we successfully completed the debt restructuring of Xiaoya and fully resumed work and production!"

"Although we have invested a lot, we face even more challenges."

"But what I want to say is that three thousand Yue soldiers can conquer Wu, and the hundred and twenty Qin passes will eventually belong to Chu."

"Little Duck washing machines, fully acquired by Future Smart Home, will rise from the ashes and return as a king!"

The applause started again.

Wang Junshan continued:

"Now, Little Duck washing machines are fully available on Vipshop, and the prices are great."

“Right now, many young people have just started working, are short of money, are still renting, and it is inconvenient not to have a washing machine.”

“And branded washing machines are very expensive, often starting at over a thousand yuan.”

"This is a huge burden for young people who have just started working and have just paid a deposit of one month's rent and three months' rent in advance."

Everyone nodded in agreement, sharing the same sentiment.

Many graduating seniors are in the same situation.

And graduating students will also face this problem.

"To this end, Vipshop has partnered with Little Swan to offer a huge subsidy, giving a 20% discount on the 6kg twin-tub washing machine that was originally priced at 868 yuan, bringing the price down to just 699 yuan!"

"Make the first washing machine for young people, and make a washing machine that everyone can afford!"

"Subsidy slots are limited. They are now available on Vipshop. We ship from dozens of warehouses across the country, with next-day or two-day delivery. Welcome to purchase."

Applause rang out again, and the scene erupted in cheers:
"A Little Duck twin-tub 6kg washing machine for only 699 yuan? That's so cheap! I remember Haier washing machines cost over 1000 yuan, right?"

"That's right, most of them start at 1100-1200, and second-tier brands are 800 or 900. The Little Duck washing machine at 699 is really cheap, with a real 20% discount."

"Yes, even no-name brand washing machines cost seven or eight hundred. Mr. Wang's little duck only costs 699, it's practically a steal."

"I'll go back to my dorm in a bit and buy one for my mom. I happened to be doing a group-buying part-time job and made some money."

“I’ll buy one too. It’s the dead of winter, and my mom washes clothes by hand, which is too hard for her. We can’t bring ourselves to buy a washing machine that costs over a thousand yuan. Sigh.”

"What are you waiting for? I'll go back to my dorm and place the order right now. I can't afford to deliver the 1200 RMB Haier, but the 699 RMB Little Duck is no problem."

"It's a pity that high-powered appliances aren't allowed in the dorms, otherwise we could pool our money to buy one. We have a six-person room, so it would only cost 116.5 yuan per person. We could earn that in two days through a campus group-buying job, and then we wouldn't have to wash clothes by hand for the next few years. How awesome would that be!"

"Sure, you can buy it. 500-watt appliances aren't allowed in the dorms, but the Little Duck twin-tub washing machine is only 300 watts, less than a third the power of a hair dryer. It'll be perfectly usable!"

(End of this chapter)