Reaching the age of thirty, my income randomly doubled

Death-defying.

He even took a twenty percent dividend in the later stage, to compensate for those loss-making projects.

Even though his project only supported internal employees, these employees had to be exceptionally well-performing at the storefronts.

The success rate was at most thirty percent.

A large majority would still fail and return, after Chen Pingsheng initiated an internal summary and discussion.

The reasons for success boiled down to two points, the entrepreneur in the beginning had to be exceptionally hardworking, doing everything himself.

And he had to persist, with quite a decent ability to withstand pressure.

Meeting these few criteria, they could basically achieve modest success.

As for failure, that was also quite straightforward.

Hiring a few employees and sitting back, intent on being the boss, expecting others to do everything.

Once business turned bad, they began to give up on themselves.

Struggle for a while, and if it really didn't work out, they still thought about returning to the group.

Once the way back was thought out, closing the doors wasn't far off.

To put it bluntly, there is a significant barrier between being an employee and being the boss.

Like when Chen Pingsheng first went to run a fruit shop, they really fought desperately to make money at that time.

Investing hundreds of thousands in a store, once failed, he could possibly lose his wife and children.

With no way out, three hours of sleep a day was enough.

Waking up, the first thought was how to sell the fruit better, and over time, it indeed got better.

To be honest, people who are married tend to be much more reliable when starting a business.

Those without even a girlfriend lacked a big part of the motivation to make money.

From time to time, they'd think about where to play.

Looking at the Dream Fund for now, it is definitely losing money.
Your next chapter awaits on empire

Therefore, it requires the project investors here to continually summarize experience and then increase the odds of success.

He also formed an internal investment team.

People from Antler Coffee, Bobo Milk Tea, and Tengsheng Fruits were all included.

With rich entrepreneurial experience, they could more easily find and identify those who could be successful, or the projects that could.

Otherwise, it really came down to luck.

Anyone without entrepreneurial success attempting to invest, basically ended up dead after the attempt.

Just like Little Wang, his dad was so formidable.

Being in the billionaire league, surrounded by countless resources.

Even he failed at investing, and the ultimate reason was that he himself lacked successful entrepreneurial experience.

Depending solely on theories and what's on the books for investing, just doesn't work at all.

The most powerful investors in the country, Shen Nanpeng, and Lei Jun, weren't they all rich in personal entrepreneurial experience?

This is what made them famous in the investment sector.

His Dream Fund might not be large, but the project approvals and investors within it are the backbone elites from several listed companies.

In the future, it's not just about investing money but also about selecting from those incubated small projects a few that can truly grow into listed enterprises.

And then providing human resource support.

Right now, to put it bluntly, it's still the stage of nurturing gu; giving a bit of money to let you compete in the market.

If you succeed, you'll get a little more, move to a slightly larger pool and continue the fight.

One shop becomes two, two become five, that sort of thing.

After reaching five, if you can still maintain successful operations, you might directly receive internal human resource support from the group.

Only then are you truly in the take-off stage.

For Tengying, including the Dream Fund, no matter how many shops you open, it's all small time.

Not worth mentioning.

Only when you really show the capability of running nationwide will the group release human resources onto you.

Once you reach that level, you might just become the next Chu Qiuyan.

Ordinary people dreaming of building their own listed company isn't much different from dreaming.

Even the formidable CEO Gao Hu of Fei Yangyang, without his support, he would've just opened a few more hotpot restaurants in Sha City.

This is the power of capital.

Therefore, the Dream Fund is defined as an internal nurturing incubation project.

A hundred, or even a thousand outstanding store managers, or employees, starting with the same amount of money.

Those who fail are eliminated directly.

Those who succeed go for a second start.

The slow ones, those who can't keep up with management, are eliminated.

At this time, at most five to eight small teams will be left.

Then a third start is undertaken.

The one who wins might get the ultimate group financial and human resources support, along with all-around support like traffic.

To put it bluntly, it's a horse-racing model.

The Dream Fund will receive twenty billion in funds from his side each year.

At least eight to ten thousand entrepreneurial teams will be incubated.

The real chance to receive the group's final support qualification is only one in a thousand.

And from that one in a thousand, if only two to three succeed,

The costs for the Dream Fund are all covered.

The rest is profits.

This is the investment path Chen Pingsheng designed for himself; he has no time to listen to how great your project is, take it to the market for a run first.

Outrun the rest for three or five rounds, then talk about what's after.

The market is the only true proof of results.

He won't listen to too much talk.

The main reason he could do this was that his offline stores had already exceeded thirty thousand.

If all the employees of all the stores were put together, Tengying Group would be a mega-corporation with a population of over a million.

With so many employees, they could initiate this kind of horse-racing mechanism.

If the employee base isn't sufficient, it's complete nonsense.

He held meetings in Guangdong for three whole days, outsiders didn't know exactly what he talked about.

Only internal figures like Gao Hu, Xiao Danchun, and her recently joined older cousin understood clearly.

Tengying Group is indeed moving towards the second stage of entrepreneurial models.

All projects are decided through a horse-racing mechanism.

Then brought to the group's final decision-making table to consider whether to heavily invest, supporting them to the listing stage.

If this is maintained, who knows what the Tengying Group's situation will be like in the traditional market in a few years.

All that can be said is that up to now, Tengying's strategic direction remains very clear.

Everyone should keep doing what they need to do.

And it won't succumb to the ailments of large corporations due to expansion.

Chen Pingsheng still insists that Tengying is merely an entrepreneurial company.

Maintaining internal competition while continuously optimizing the market and the team.

This is what it has to do every day.