A unique recipe to make money Baekyu's wisdom, bravery, benevolence, and strength!
The old Chinese shop dedicated to the business patriarch Bai Gui is now an open secret. He summed up a set of effective ways to get rich in business practice, and was regarded as the true god of business by later generations of businessmen. Bai Gui's business philosophy can be summed up in four words: "wisdom, courage, benevolence, and strength".
First of all, "wisdom" is to be good at change. Doing business requires being good at using your brains, keeping abreast of production trends, adopting coping strategies according to market changes, and using your ingenuity to make huge profits.
Secondly, "brave" means that we need to be brave and bold in business decisions. For example, when various grains are harvested, large quantities of grains should be purchased, and at the same time, silk, cotton and other textiles should be purchased in a timely manner based on domestic and foreign market demand. Only by adapting to the situation and making timely decisions can we ensure that the purchase and sale business is thriving.
"Benevolence" requires us not to compete with others for the market, but to take the initiative to find business opportunities and make ourselves more competitive in the competition.
Finally, "strong" means to take appropriate measures to protect the legitimate interests of businessmen and ensure that their rights and interests are not violated.
Bai Gyu also believes that if a businessman does not have the wisdom to change, does not have the ability to make decisions, cannot judge the right time, and lacks the sense of keeping his business and the courage to protect his legitimate rights and interests, he is destined to fail to gain a foothold in the market. Therefore, if we want to grasp the true meaning of making money, we cannot ignore Bai Gui's concept of wisdom, bravery, benevolence, and strength.
Baekyu's business acumen was remarkable, and his inspiration to posterity is still relevant today. Modern businessmen can learn from his ideas, use wisdom and courage to deal with market fluctuations, and protect their own interests by being good at interpersonal communication, so as to create a brilliant business empire of their own. Therefore, as long as we follow Bai Gyu's wisdom, bravery, benevolence, and strength, making money is no longer out of reach!