My failures are a beacon of your success, and I hope my experience will help you. The risk of cross-industry entrepreneurship is far greater than you think, and it is good and cherished. I have a high school classmate,

My failures are a beacon of your success, and I hope my experience will help you. The risk of cross-industry entrepreneurship is far greater than you think, and it is good and cherished.

I have a high school classmate who plays well and usually moves around a lot. A few years ago he ran an English training institution in Beijing, after 10 years of operation, the school is well run, the reputation is also good, are the students recommended by the parents of students, several years of development, the previous scale can not keep up with the enrollment speed of students, so he ran a branch, the branch is looking for partners to run together, he is still the majority shareholder. In recent years, he has also made a lot of money, with a net income of 1.5 million a year, which is a good mixture among our classmates.

Last year's New Year, we had dinner together, he told me about the current development of their school and follow-up planning, he planned to open a third branch, asked me if I have the intention to invest, because in recent years to work is also tired, mid-life crisis, the future work prospects are also very confused, I think it is an opportunity, and then went back to discuss with my wife, decided to partner investment, so I called my classmates, we met together, talked about specific cooperation matters, I told him that we must be the majority shareholder, Equivalent to using his brand and teacher resources, you can divide the profits equally with him, we have all 800,000, he accounts for 49% of the shares of brand and teacher resources, at that time we did not have so much money in our hands, so we mortgaged the house and loaned 500,000 out.

After the loan came down, I began to look for school office space, found a place in the five kilometers of his school, rented 400,000 yuan a year, signed a three-year contract, paid half a year's rent of 200,000 yuan, and then contacted the decoration company to get decoration, before and after spent half a year, spent 300,000 decoration, purchased office settings, desks and other school necessities and spent more than 100,000 yuan, the remaining working capital of more than 100,000, things are still going well, we also expect the school to open, can be full of students. It's worth the bitterness.

There are unpredictable storms in the sky, epidemic control, double reduction policy, suppression of extracurricular training institutions, we are cold for the most part, how is this good, the early investment has been a lot, this has not yet opened the school, is it difficult to achieve direct closure?

The situation is very bad now, we don't know what to do next, facing a bank loan, the pressure is high, and we can't sleep all day. Netizens, if this situation, how do we deal with it?

@ The Way of Patent Layout

National policies are irreversible, the trend of double reduction policies, in unknown industries to start a business to know how to control risks and national policy risks, can not be carried away by interests. In this situation, you can only transform quality training, such as music, computer, Go and other training, but you have to have teacher resources and knowledge of the industry. It's okay, there will always be a solution, I hope you succeed!

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