Briefly introduce Hu Xueyan, who was born in poverty, but made a fortune quickly in just over ten years and became a wealthy businessman in the late Qing Dynasty. He is involved in banking, silk tea, Chinese medicine, arms and other businesses; His reputation alone helped Zuo prepare his salary and recovered Xinjiang. Empress Dowager Cixi gave him a yellow robe and mandarin jacket, which made him the best official and was called a red-topped businessman. It is really ingenious to build Hu Qingyu Hall at the behest of my mother. When the plague was prevalent, he also used medicine to cook porridge for the people, and was called a good man by Hu Da. He did a lot of good things, a few years younger than Qiao Zhiyong at the same time, and not as long as his career.
"See the sage Si Qi, but not the sage."
Hu Xueyan became the richest man in the late Qing Dynasty, and his three secrets.
First, the popularity is good. It's clearly written in Hu Xueyan's biography. He can eat black and white and spend his money on the cutting edge. For example, he became friends when he was down and out in Wang Youling, so he made many friends.
Second, Hu Xueyan was highly valued by the Left, and when the Left was in power, it was basically the peak of Hu Xueyan's life. After the fall of Zuo, Hu Xueyan began to decline!
Third, foresight, no matter how popular and hard the background is, Hu Xueyan can't stick himself on the wall. Hu Xueyan is far-sighted in looking at people, things and business. Except for the last madness in his life (buying raw silk with the British)!
There are reasons for failure.
First, the cash flow is broken because of the bank's problems, which led to the closure of other industries.
Second, due to the lack of an effective incentive and restraint mechanism, Hu gave too little money to the store and the benefits were unevenly distributed, which led to his own pockets. It was not until he went bankrupt that he saw this.
Third, between political struggles, I participated in the power struggle between Zuo and Li Hongzhang. Hu Xueyan participated in this struggle so much that Li Hongzhang and others thought that in order to get rid of the Left, Hu Xueyan must be killed first.
Fourth, he is bent on his own way, blindly relying on others and lacking rationality in the price struggle with foreigners. His friends and subordinates have repeatedly reminded him that there is something wrong with the capital chain and he can only throw away the raw silk in the stock as soon as possible, while Hu only fights foreigners and ignores others. Until the end, he could no longer support this huge stock, and the whole system collapsed instantly.
To sum up, make good relations, ensure cash flow, remain rational, keep an eye on policy trends but don't go in, and be far-sighted.