Zong Qinghou, the founder of Wahaha, is a model and mirror for Chinese entrepreneurs

Mondo Technology Updated on 2024-03-02

Zong Qinghou, the founder of Wahaha, is a model and mirror for Chinese entrepreneurs

In the ups and downs of the business world, Zong Qinghou, the founder of Wahaha, has become a mirror for many entrepreneurs with his excellent business wisdom and deep sense of social responsibility. His business philosophy and behavior not only set an example for Chinese entrepreneurs, but also transmitted positive energy to the society.

1. Prudent financial strategy. Unlike many entrepreneurs who are eager for quick success, Zong Qinghou has always insisted on self-reliance and does not rely on bank financing in the 30 years since he started his business. He is well aware that the stability of the enterprise comes from its own hematopoietic ability, rather than short-term capital injection. This enables Wahaha to maintain sufficient cash flow at all times, so as to remain flexible and stable in the face of market changes. By contrast, companies that expand blindly and rely on bank loans tend to be vulnerable when the storm strikes.

2. Contribute tax revenue to the country. As a large enterprise in China, Zong Qinghou is well aware of its social responsibility. Over the years, Wahaha has contributed as much as 74.2 billion yuan in tax revenue to the country, ranking first in the industry in terms of scale and efficiency. Such achievements not only reflect the strong strength of the enterprise, but also demonstrate its loyalty and contribution to the country.

3. Care for employees. Zong Qinghou firmly believes that employees are the most valuable wealth of the enterprise. Not only does he not lay off his employees who are over 45 years old, but he also provides them with a variety of benefits to ensure that they have something to rely on in their old age. In addition, Wahaha has never defaulted on employees' wages, and has also taken out hundreds of millions of yuan as year-end bonuses every year and built homes for employees. Such entrepreneurs truly treat their employees as family, not as simple labor.

Fourth, pay attention to quality and integrity. In Zong Qinghou's view, quality is the lifeline of products, and integrity is the cornerstone of enterprises. He always adheres to the principle of quality first to ensure that every product can win the trust of consumers. It is this insistence that makes Wahaha always stand tall in the market.

Fifth, thrift. Although Zong Qinghou is a billionaire, he has always maintained a thrifty lifestyle. A pair of shoes is only a few dozen yuan, and cloth shoes are his daily choice. At the age of 70, he still sticks to the front line of work, and this kind of diligence and perseverance is the secret of his success.

Looking back at Zong Qinghou's business philosophy and life creed, we can't help but ask: Do you feel ashamed of those entrepreneurs who misappropriated national wealth and squeezed the hard-earned money of ordinary people? Zong Qinghou has set an unattainable standard for us. His passing is undoubtedly deeply regrettable, but his spirit and wisdom will always shine on the path of those who come after him. Let's pay tribute to this great entrepreneur and may his spirit live on!

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