Inspirational story: The least risk is the greatest success

In the middle of the 20th century, a Hungarian youth in his twenties brought only five dollars to the United States for his livelihood. But after more than two decades, he became a multi-millionaire and became the myth of American entrepreneurs at the time. He is the legendary figure in the American crafts and toys industry, Luo Daoer.

Speaking of his entrepreneurial experience, Luo Daomier proudly said: "I have not done a loss-making transaction, nor a failed operation, this is the secret of my success."

So what is the secret of Luo Daoer's success? We can find the secret of Luo Daoer's success from the example of Luo Daoer's acquisition of a toy factory.

In the 1950s, when Luo Daoer had just arrived in the United States for a few years, there was not much savings in his hands, but at this time a toy factory that was on the verge of bankruptcy was sold at a low price, and Luo Daoerer seized this. Opportunity to buy this toy factory on the verge of bankruptcy.

Many people are not optimistic about the behavior of Luo Daoer, thinking that he is not self-reliant, but Luo Daoerer does not think so. After careful research, he found that the main reason for the failure of this toy factory is that the cost is too High, and this high cost is not the cost of manufacturing toys, but the high cost of workers. After research, Luo Daoer made two decisions: all the tools and materials used to make toys must be placed in a convenient place. When you work, you can get them by hand. In this way, the machine is operated. Workers no longer have to wait for materials and find tools to delay time, which saves a lot of time.

In this way, the efficiency of the entire toy factory has improved a lot, and another rule of Luo Daoerer is: workers do not allow smoking at work, but every two hours, workers are allowed to rest 15 Minutes, and the workers are also very welcome to this rule. This rule is that Luo Daoerer found that many workers are smoking while working, so not only is the work progress slow, but many workers use lazy cigarettes to be lazy. What is more troublesome is that a lot of ash with Mars falls on the toy. A lot of waste was produced.

After the implementation of these two regulations by Luo Daoer, the output of the entire toy factory increased by nearly 50% in the absence of an increase in the number of machines and the increase in workers. The entire toy factory turned a profit, while Luo Dao Mill also accumulated the first bucket of gold for his development.

This is the secret of the success of Luo Daoer: the acquisition of some failed companies to operate. A reporter interviewed why Luo Daoerir had to acquire these failed companies. Luo Daoerer said: "It is easy to see where the failure is in a business where others have failed. The risk is minimal, as long as the shortcomings can be corrected. Come here, naturally make money. This is much less risky than starting from scratch or buying a successful business. The risk everyone knows is precisely the minimum risk, and the smallest risk is the greatest success."