Drop out of high school to become Chinese furniture king | Woodworking Blog

Drop out of high school to become Chinese furniture king

Drop out of school to become a Chinese furniture king Dropping out of high school to earn for living as a carpenter, the Chinese furnitur...

Drop out of school to become a Chinese furniture king

Dropping out of high school to earn for living as a carpenter, the Chinese furniture tycoon launched a 600-yuan loan to create a fortune of nearly $ 3 billion.




Born in a working family in Changzhou City, Jiangsu Province, after finishing secondary school, Che Jianxin studied carpentry instead of high school. When China underwent a reformation in the 1980s, he started out with only 600 yuan that he borrowed relatives and friends.

Today, Red Star - a business founded by Kitan Tan - is the largest furniture supermarket chain in China, accounting for about 1/3 of furniture sales across the country. In the largest cities like Beijing, Shanghai, Red Star's supermarkets are monumental buildings that stand out among the crowded streets. By the beginning of 2016, the company opened 163 supermarkets in more than 120 cities across China. The value of his assets is about $ 2.9 billion, according to Forbes data.

He said: He succeeded because of his hard work and savings from his father. Twenty years ago, when he started up my business, he worked up to midnight and woke up at 6am. he has never been lazy.

Kien Tan forced some foreigners to leave the Chinese market, but the current domestic economic situation has hampered his business. The sluggishness of the real estate market and sluggish home decor demand has driven retailers' margins to fall over the past few years.

In response to the situation, Red Star opened supermarkets in the city's suburbs, where the urbanization process was taking place quite rapidly.

Managing talent is the biggest challenge for Kien Tan. Over the past decade, Red Star has brought 1,000 employees abroad for training every year. Only graduated from secondary school, but Kien Tan requires all senior managers in the company to complete the MBA program.


He also asks every employee to make friends with three to five people who are more capable than they are each year.

Reactions: 

Related

motivation 6552453224702967428

Post a Comment

Translate

FREE PLANS& PROJECTS

LIKE ME ON FACEBOOK!

Hot in week

Recent

Comments

Recommendations

item