When will I have a long tassel?

Chapter 55 Equity Contracting

In the 1980s, inspired by the rural joint production contract responsibility system, many industrial and commercial enterprises in cities introduced the contract system, allowing and even encouraging factory directors and managers to contract for the enterprise.

The enterprise contracting system often aims at profit or asset appreciation. Above a specified indicator, if the enterprise can obtain additional profits or asset appreciation, the contractor can draw a certain percentage from it as its own contracting reward.

The contracting system has changed the situation of enterprises eating from the big pot of the state. Contractors are responsible for the business results of the enterprise and must have operational autonomy. This breaks the traditional rigid management model in which the state does everything. The implementation of the contract system has played an important role in transforming the business methods of industrial and commercial enterprises, and is an important part of the transition of the national management system from a planned economy to a market economy.

However, many problems also emerged during the implementation of the contract system. The most important one is that the contracting system has the characteristic of "taking profits rather than losing money". If the company makes money, the factory director and manager can receive high contracting bonuses, but if the company loses money, the factory director and manager will only be fined with alcohol at best. Three cups, there are no substantive punitive measures.

There are historical reasons for such a situation. In the 1980s, most families had little savings. It was unrealistic to ask contractors to put up much money as collateral. Even if they used wages as collateral, it was not worth much. Factory directors and managers of contracting companies are sharing the country's worries, and the country cannot let them bear the risk of bankruptcy.

Precisely because there are rewards for making money and no penalties for losing money, many contract factory directors dare to carry out drastic "reforms". The reason why I add a quotation mark is because the so-called reform measures of some people are actually just messing around and making mistakes. Some still viable companies have been reduced to insolvency.

There are even some contractors who simply steal and use various methods to embezzle the profits and assets of the company, making a lot of money for themselves, but the country has suffered heavy losses.

In the 1990s, as the country put forward the requirement to build a market economy, some places began to implement the method of shareholding contracting to replace the original contracting system.

This method requires the contractor to invest part of the capital into the enterprise, so that the rise and fall of the enterprise is linked to the contractor's personal interests. Since the contractor owns equity in the enterprise, if the enterprise can achieve long-term development, it will also be beneficial to the contractor personally. This can encourage the contractor to abandon short-term behavior and instead pursue the long-term prosperity of the enterprise.

Specifically, when it comes to Huang Liting's proposal to contract the East District store, the accusations made by the family workers are actually justified.

If Huang Liting cannot come up with a sum of funds as collateral, she will just deduct half of her salary as a price, which is actually not binding. Huang Liting can completely use her contracting position to transfer the store's assets to her personal pocket, and the price she needs to pay is only 420 yuan.

"So, what are you going to do now?" Tang Zifeng asked Huang Liting.

Huang Liting said: "I have thought about it. You can't always be safe and stable in your life. If you want to be rich, you have to take risks. I plan to renegotiate the contract terms with the company. I will invest 20,000 yuan in shares, accounting for 30% of the shares. . I have the final say in everything about the store. If the store loses money, my 20,000 yuan will be wasted. If the store makes money, I will share 30% of the dividends. If anyone is not convinced, I will also take out 20,000 yuan. For ten thousand yuan, I, Huang Liting, am willing to work for him."

"20,000 yuan!" Tang Zifeng was shocked, "Master Huang, you are actually an invisible rich woman!"

"What invisible rich woman!" Huang Liting glared at Tang Zifeng angrily, then pouted and said, "I borrowed all this money. Didn't you say I look ugly? I just came back from my hometown yesterday. I ran around for five or six days, trampling on the doorsteps of my relatives, friends and middle school classmates, and then I borrowed 20,000 yuan. If I lose this money, I will never dare to go back in my life."

In 1994, the per capita savings deposit balance of urban and rural residents in China was 1,796 yuan at the end of the year. Calculated for a family of three, the savings balance of the whole family was about 5,000 yuan. But this number is in an average sense. At this time, millionaires and multi-millionaires are no longer rare. However, for a long-term loss-making enterprise like Linyiji, it is relatively rare for an employee family to have a deposit of 1,000 yuan. This That's why Tang Zifeng was surprised when he heard that Huang Liting could invest 20,000 yuan in shares.

Huang Liting is a ruthless person, and the resistance of her family workers to her contracting has inspired her to be competitive.

In addition, the wonderful prospects that Tang Zifeng described to her also made her heart beat. After learning about the contracting methods of some commercial enterprises in Linhe City, she made up her mind and planned to spend all her wealth to contract stores in the East District.

She has evaluated the value of the store in the East District. Not counting the store's real estate, the entire store's merchandise capital is only 70,000 to 80,000 yuan. She planned to raise 20,000 yuan to invest in the store, accounting for 30% of the store's shares, and at the same time asked the company to obtain full management rights over the store.

Many stores in Linhe City are contracted in this way. Those contractors can't think of a way to open a supermarket. They can earn tens of thousands of yuan in contracting income a year just by adjusting the store's business varieties and service attitude. , within two or three years, I made back the money I paid when I bought the shares. Huang Liting felt that she would not be worse than those contractors, and at the worst she would not have to lose the contract money.

With this idea in mind, Huang Liting returned to her hometown and began to borrow money from relatives and friends.

Among her relatives and friends, there are also some people who "got rich first" and it is not difficult to spend one or two thousand yuan. Huang Liting sold countless face, even flirting with some boys who had a crush on her, and finally succeeded in raising 20,000 yuan. As for the civil war that broke out in many well-off families in the area after she returned to Linhe, and the fighting was so violent that it was no longer her concern.

"The money is still a little short." After introducing her ideas and the process of returning to her hometown to raise funds, Huang Liting said with regret:

"I originally planned to scrape together 50,000 yuan, so that I could negotiate with the company to take at least half of the store's shares. Many of the goods in the store have been piled up for several years, and they can only be disposed of at a discount. I will contribute the money. 50,000, half of the shares is reasonable.

"However, the nerd in my family disagreed with me borrowing so much money. He said that he could bear a loss of 20,000, but if he lost 50,000, the whole family would not even be able to put on their pants. So I told him, so many contractors No one in the store is losing money, so why should I, Huang Liting, lose money? He only thinks about losing money, and doesn’t think about how if he makes money, half of it will be his own."

Tang Zifeng thought about it and asked with a smile: "Master Huang, if Cai Gong supports you, will you really borrow 50,000 yuan to buy shares?"

Huang Liting smiled bitterly and said: "That's what I think, but it's not that easy to borrow 50,000 yuan. This time I went back to my hometown and didn't even want to lose face. I asked relatives and friends to work hard to get it together. This is 20,000 yuan. If I want to borrow 50,000 yuan, I must not sell myself."

Tang Zifeng took a deep breath again. This sister-in-law drove at every turn, which made him, a newbie, really uncomfortable. He asked: "Master Huang, have you ever thought about bringing in a strategic investor or something?"

"What is a strategic investor?" Huang Liting asked.

Tang Zifeng said: "Just find a rich person who is willing to pay for shares, but he only wants dividends and does not need management rights. You can treat his shares as your own shares, so that you can have full control of the store, even if one day you and The labor service company is in trouble, and you can legally guarantee that your rights and interests in the store will not be infringed."

"Is there such a person?" Huang Liting's eyes lit up. She had never heard of the concept Tang Zifeng was talking about. But she could understand what Tang Zifeng meant right away. This is equivalent to some rich men who have a lot of money but are not good at business, so they often give some money to others to do business. They don't care how the business is done, as long as they can get dividends when the time comes.

If she can find such a strategic investor and raise 50,000 yuan with her, she can ask the company to obtain a controlling stake in the store, so that the future of the store is completely in her hands.

According to her original idea, she invested 20,000 yuan in shares and could barely hold 30% of the shares in the store. Her management rights were given by the company, and the company could take them back at any time. To put it more conspiratorially, if she revitalizes the store and turns it into a cornucopia, and some powerful people in the factory want to rob it, there is nothing she can do.

"Assistant Tang, it would be great if we could find such a person. In terms of dividends, I can give up a little more. He will pay 30,000, accounting for 70%, and I will pay 20,000, accounting for 30%. The condition is that he I will not interfere in the management of the store. I have the final say on how the store develops in the future." Huang Liting made the condition generously.

She had an intuition that Tang Zifeng was prepared for making this suggestion. With Tang Zifeng's connections, he might know many rich people.

If Tang Zifeng can help her find this so-called strategic investor, then the funds she uses to invest in shares can be increased by 30,000, and she can do more things. In addition, Tang Zifeng helped her attract funds and would definitely not let it go. Instead, he would pay more attention to the development of the store. With the support of Tang Zifeng, the development of this store has an additional layer of guarantee.

Thinking of this, Huang Liting's face glowed again, her eyes moved, and she said softly:

"Assistant Tang, I know you must have a solution, just help my sister~~"

"Sister Huang, if you can talk well, we can still be friends..."

Celebrating the 70th anniversary, we wish all the best to our motherland

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