The man failed to start a business 4 times and achieved a counterattack after owing 13 million in de

Mondo Finance Updated on 2024-02-01

2024 All things are harmonious

I remember Zhang Xuefeng said, don't let your child start a business, that's gambling! However, there are also cases of entrepreneurial failure and then counterattack.

The man failed to start a business 4 times and achieved a counterattack after owing 13 million in debt.

For example, this one, a post-85 entrepreneur from Ningxia, has experienced four entrepreneurial failures and is burdened with debts of up to 13 million. But he persevered, and finally seized the opportunity in the fifth venture and created a large-scale new energy smart distribution company.

I started my first business and was saddled with a huge amount of debt.

What is advertised on the major ** is that Li Heng was born in the countryside of Tongxin County, Ningxia, and his family is poor. Since he was a child, he has had the dream of making money to support his family and get rid of poverty and become rich. In 2011, he started his first venture, setting up a food processing factory in Suzhou. However, due to the long account period of the customer, the capital chain of the processing plant was broken, and he was saddled with a huge amount of debt.

The second time I started a business, I earned the first pot of gold in my life, and then failed after changing careers.

In 2014, he grasped the opportunity of POS machine card swiping and earned the first pot of gold in his life. After that, he switched to e-commerce apps to sell Ningxia specialties, but market changes and fierce competition made him fail again.

Clause.

Three or four start-ups, in debt.

In 2016, Li Heng entered the financial industry, but this completely new field did not bring him success. In 2017, he tried to start a ride-hailing business, but the market was saturated and oversupply left him in debt. This is his fourth entrepreneurial failure.

The fifth time I started my business, I found the key to success.

After four failures, he finally found the key to success in his fifth venture. He founded a new energy smart distribution company, which not only solved his own debt problem, but also provided employment opportunities for more than 5,000 people. Today, his company has established 50 branches across the country, covering important cities such as Jiangsu, Zhejiang, Shanghai, Shandong, Henan and Anhui.

Ordinary people, there is almost no cost of trial and error.

This post-85 generation who looks like a post-70s generation, this inspirational story of his, I don't know if there is any moisture. But what I do know is that as an ordinary person, there is almost no cost of trial and error, let alone tens of millions of debts. Ordinary people are not qualified to lose 13 million, and entrepreneurial fundraising has been blocked.

Some netizens said that this should be an advertorial promotion, so it's all scattered. Some netizens said that it is no longer good to sing the praises of suffering, and my husband will never succeed in starting a business, because I will not give him the start of his business.

There are risks in starting a business, and you need to be cautious when throwing money at it, and I wish everything to be smooth in 2024.

Whether the story is true or not, no matter where we are, let's welcome the 2024 New Year of the Lunar New Year together with Bancheng Liquor. Say goodbye to 2023 and raise a glass to the new year. There are risks in starting a business, and you need to be cautious when spending money, and I wish everything will be smooth and safe in 2024.

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