Laoganma Tao Huabi: Why not go public?

On the listing money, the friends were shocked.

20 14 commercial war was raging, and four wayward entrepreneurs emerged in China. Their eccentric behaviors include: Wang Jianlin, chairman of Wanda Group, spent more than one billion yuan on a charity show, and then went to raise pigs (open pig farms) afterwards; Liu, the founder of JD.COM Mall, broke up hand in hand with the younger sister of the online red man milk tea, and the uproar was for listing; Dong Mingzhu, chairman of Gree, called Xiaomi beautiful, and several brands were criticized by her in turn. Haier directly replied: Aunt, we don't agree, we don't agree; There is also one of the most headstrong, juxtaposed with these chivalrous people, and he is "dopted mother" Tao Huabi.

It is reported that some officialdom people persuaded Tao Huabi to lead Laodopted Mother to list hot sauce, and Tao Huabi directly replied, "What's listed? I'm confused about these ghosts. I can only fry peppers. I only do what I can do. "

Having said that, Tao Huabi is not stupid. In the face of the fierce listing tide, she is not stupid, even she knows better than others. According to media reports, Tao Huabi, the chairman of Laoganma, is a maverick in the context of enterprises sharpening their heads to seek listing, saying, "I am determined not to go public, and once I go public, I may lose all my money. Going public is cheating money. If you have money, take it, circle it, ask him to buy shares, and then suck it away. I will pay off my debts. I won't do it. So whenever a government official talks to me about listing, I tell him not to talk! No way! You asked me for money, but I didn't get it. This is fatal. "

She is such an honest, frank and pungent woman that she speaks without mercy. She doesn't like hypocritical and ambiguous expressions. She tore off the insidious intentions of some unscrupulous enterprises to kill for money and directly revealed that "listing is money." Although she has no education, she is not blinded by lard. Different from other entrepreneurs, she pondered her words, thinking about what should not be said to offend people and what should be said to save face.

In life, we will meet many such people, with a pot of fire in front and a knife behind. There is another kind of person, such as Tao Huabi, who goes straight and doesn't beat around the bush. Although he sometimes loses face, he is reasonable and harmless. Such people are truly worthy friends.

Facing the temptation of listing, Tao Huabi said, listing is to make money. Of course, there may be many investors who object to this sentence. Tao Huabi is just a farmer entrepreneur, how does he know what a listing is! In fact, Tao Huabi is a talented woman. She can simplify complicated things in the simplest way. For example, there are only two simple items in her account: receiving goods and taking goods, which saves the expenses of accountants and senior financial personnel that other enterprises have to hire.

There is a joke that describes Tao Huabi like this. An investment banker went to talk to "Laoganma" Tao Huabi and said, "If you have a profit of 300 million now, how can you generate a market value of 654.38+000 billion?" As a result, the old lady scolded: "shameless, I will make a profit of 300 million, telling people that the company is worth 654.38+000 billion?" Isn't that a liar? "

Tao Huabi's vision is far-reaching. She doesn't want to be constrained by many shareholders because of listing. Laoganma was founded by her. In this field, she is the real master, and her own decision can determine the future and direction of Laoganma. If it goes public, it does get capital and money, but it may be dominated by other major shareholders. The major shareholders have their own opinions, which may eventually break up.

Tao Huabi doesn't want "Laoganma" to become someone else's "Laoganma". In fact, the rapid demise of many enterprises is due to the fact that some shareholders forget money, want to swallow a swan and embark on the road of expansion and merger. As a result, the stall grew bigger and bigger and could not be cleaned up. Coupled with the changes in the market, they can't digest so much inventory and are insolvent, so the enterprise is going to die.

What Tao Huabi wants to do is the great cause of the Millennium. She doesn't want "Laoganma" to collapse and perish one day. So she said to the child: "You can never go public. Listing is a way to die. What will your descendants live on in the future? " If Laoganma wants to be long-term, she will start her own business, not financing, not going public, and always remember my words. "

Coincidentally, in the vast business world, it is not only Laoganma who doesn't want to go public, but also Huawei, a fortune 500 company. Huawei is the only company in the top 500 that is not listed. Its head office has made it clear that in the next five years to 10, neither listing nor capital games such as mergers and acquisitions, financing and acquisitions will be considered. Ren refused to meet the chief economist of the world's leading financial company because he was afraid of being fooled. The other party said with anxiety: "Ren Zheng Fei refused 3 trillion yuan." Ren replied: "If they are my customers, even small orders, I will satisfy them, but they are not my customers. Why should I see them? "

Ren means to warn his employees that enterprises should not cultivate a pro-capital culture, but should cultivate a pro-customer culture.

Ren once said: "Technology enterprises are driven by talents. If the company goes public too early, a group of people will become millionaires and multimillionaires, and their enthusiasm for work will decline. This is not good for Huawei, and it is not necessarily good for employees themselves. Huawei will grow slowly, and even the team will be dispersed; Employees who are too rich at a young age will become lazy and not conducive to personal growth. "

It can be said that Ren's cleverness and stubbornness have something in common. What Tao Huabi is worried about is what Ren Zhengfei is worried about. They all want enterprises to be controlled by themselves and refuse diversified business models. Of course, diversification can get a lot of capital, but it is destructive to the cohesion of an enterprise. Tao Huabi's theory of "circling money when going public" is precisely because she saw that many enterprises did not operate well after they got a lot of money when they went public. Because the original shareholders and issuers will get a lot of money and income, the other part will be unbalanced.

An enterprise is similar to a cake, and the role of stocks is nothing more than dividing the proceeds of this cake into many cakes, so that everyone who buys cakes can get benefits. There is nothing wrong with this truth. The key is that the decision-making power and income right of this cake have also been divided up. In the future, some people may abuse their power and get some invisible benefits after the company goes public, and some people will think, what are you doing with so much? These people will be jealous of getting more money, so they will squander, over-invest, and even bribe the CSRC and make false accounts. Therefore, for some enterprises, the theory of "circling money" is the root.

Tao Huabi has worked hard in the mall for many years. Even if she doesn't go public, she has heard of the money-circling incident. For her, she doesn't need financing to expand production. As we all know, "Laoganma" has abundant cash flow. No one has ever owed her money, and she doesn't owe anyone money. In other words, "Laoganma" is not short of money. She has hundreds of millions of cash flow, so she doesn't need to borrow money to expand the base or buy raw materials. In this case, Tao Huabi really doesn't need to go public. Tao Huabi has no education, but she is a smart person. She knows that once listed, the decision-making power of the enterprise will not be decided by her alone. If you are overhead and have money to earn, all shareholders will share it; If there is no money to earn, the original shareholders will sell the original shares and let the chairman bear the consequences alone. Tao Huabi can't do such a thing.

If other companies, like Tao Huabi, are indifferent to fame and fortune, have good cash flow and tough products, they can also say to the market: "I don't need to go public!"