A profound lesson for individuals who have a “winner or loser” mindset in enterprise

Truong Hong Ba was born in 1966, in Khanh Van district, Dezhou metropolis, Shandong province, China. That is the final place in Shandong province to flee poverty, it is vitally distant and transportation isn’t handy.

In Khanh Van at the moment, every family would increase some poultry resembling chickens and geese, which individuals raised to eat or promote however nonetheless not sufficient to make ends meet.

In such a dwelling atmosphere, from a younger age, Truong Hong Ba adopted his grandmother to boost chickens. Years of dwelling within the countryside solid his tenacious character and laid the inspiration for the longer term institution of Central Australia.

Dropped out of college to boost chickens and began an organization to perform nice issues

Attributable to inadequate instructional sources, youngsters in Khanh Van district typically don’t have good achievements. For them, elevating chickens or farming is way more sensible than going to highschool.

At the moment, Truong Hong Ba confirmed his capacity, each serving to his household with farm work, taking good care of his research and passing exams to college.

The household was each blissful and unhappy, blissful that their son did nicely in class, and unhappy as a result of they had been afraid of not having cash to ship him to varsity. Truong Hong Ba was additionally so apprehensive that he could not sleep. After many nights of pondering, he determined to drop out of college to work to scale back the monetary burden on his household.

  From a chicken farm to a fortune of more than 17 billion USD, the Chinese billionaire is entangled in labor at the peak of his career: A profound lesson for those with a


With a few years of expertise in poultry farming, Zhang Hongbo got here to work on a duck farm in Tianjin. After solely three months of working, he stated to himself that different folks can generate income by elevating poultry, why not me?

Regardless of his household’s objections, he resolutely give up his job, purchased 300 chicks along with his wage, and returned to the village to boost livestock.

Truong Hong’s enterprise path within the first three steps was not easy, he misplaced a big sum of money attributable to inappropriate epidemic prevention expertise. After this failure, he stated that whereas elevating chickens isn’t troublesome, it nonetheless requires skilled data to arrange a enterprise. So he picked up the guide once more and delved into the data of animal husbandry. Whereas different hen farmers are nonetheless utilizing the normal technique to hatch eggs, Truong Hong Ba has invested an enormous sum of money to introduce trendy {and professional} incubators. Because of that, he lastly earned the primary “golden pot” in his life.

Nonetheless, Truong Hong Ba’s enterprise continues to be not very easy, though there are small achievements, the event continues to be restricted. Till 1998, he opened an important turning level in his life.

A state-owned enterprise again dwelling has closed attributable to mismanagement, which occurs to be a hen processing manufacturing unit. Zhang Hongbo spent all his cash on the hen farm and borrowed greater than 100,000 yuan from the financial institution to purchase this processing plant and set up Dezhou Sino-Australia Poultry Business Co., Ltd.

  From a chicken farm to a fortune of more than 17 billion USD, the Chinese billionaire is entangled in labor at the peak of his career: A profound lesson for those with a

Portrait of businessman Truong Hong Ba

At the moment, there was a “duck meat fever” in China, the place duck meat was scarce. After researching the market, Truong Hong Ba observed that Cherry Valley geese had been very talked-about, so he instantly contacted the British firm to introduce this duck breed.

Within the 1980s and 1990s, poultry farming expertise and circumstances had been very outdated, the duck mortality fee was as excessive as 60%. With classes discovered previously, Truong Hong Ba believes that solely by following the skilled path can companies be saved. He went to check in faculties to enhance his skilled data and create new fashions of animal husbandry. The corporate indicators contracts with farmers to uniformly present poultry breeds, feed, illness prevention, and many others. Whereas farmers have to purchase seeds, feed and medicines from the corporate at excessive costs.

Primarily based on Truong Hong Ba’s sharp market judgment, Trung Australia opened a golden decade. From 1998 to 2008, he invested in constructing 36 breeding farms, three duck breeding factories and slaughtering manufacturing strains of 20 million business geese per yr. In 2001, from an enterprise, Truong Hong Ba formally established Sino-Australian Group.

Get the European export certificates and develop into the richest particular person within the area

Underneath the management of Truong Hong Ba, virtually each family has somebody working within the Central Australia Group. “With out him, the village would not be capable to construct roads, and we would not be capable to reside our current life,” stated one farmer.

The brand new breeding mannequin not solely brings earnings to Truong Hong Ba, but in addition has particular advantages for the complete folks of Dao Gia village. So they’re very supportive of Central Australia Group. Many preferential insurance policies have been launched, and banks have additionally helped, bringing companies right into a stage of speedy improvement.

In 2008, Truong Hong Ba grew to become the Olympic torch bearer; in December of the identical yr, he was elected vp of Shandong Provincial Federation of Business and Commerce; In 2010, he obtained the “European” certificates, ie certified for export to the European Union.

  From a chicken farm to a fortune of more than 17 billion USD, the Chinese billionaire is entangled in labor at the peak of his career: A profound lesson for those with a

In 2008, Truong Hong Ba grew to become the Olympic torch bearer

It was very troublesome to develop to this massive market, at the moment in Shandong there have been solely two export quotas. The European market has strict necessities on duck sources, feed recipes, slaughtering processes, security and hygiene in processing, packaging and transportation.

In November 2010, 42 tons of European-style boneless roast duck had been packed and shipped to the EU market. For a time, the Sino-Australian Group grew to become well-known and was rated as a number one enterprise in agricultural industrialization on the nationwide degree, Truong Hong Ba additionally achieved the title of “Duck King”.

Monetary statements present that in 2010, the Sino-Australian Group’s web revenue was 266 million yuan and elevated steadily within the following years. Specifically, in 2014, the online revenue within the first half of the yr solely reached 268 million yuan. In 2015, Zhang Hongbo’s household was ranked within the record of the richest folks in Shandong with 17.505 billion yuan.

The expansion of Central Australia Group was booming, everybody thought that in the end Central Australia would develop into a worldwide chief, all the pieces reversed after just a few checks.

In response to the reviews of the related departments, the accounting agency found that Central Australia Group had false monetary statements in the course of the accounting audit, in the course of the interval from 2010 to 2014, Central Australia didn’t profit. earnings are as excessive because the monetary statements, as an alternative, this group has a number of losses within the interval 2010-2014. Particularly, in 2014, the group misplaced 74.94 million yuan.

At this level, Central Australia solely must take one fallacious step, the chance of enterprise collapse could be very excessive.

Having a disaster and going to jail

In 2014, a large-scale hen flu epidemic unfold throughout the nation, Central Australia additionally suffered heavy losses.

At the moment, the group was getting ready a mission of 24,000 tons cooked duck and invested 560 million yuan. Because of the outbreak of the epidemic, giant banks withdrew loans, capital chains had been damaged, many staff give up.

Underneath the stress of insurance policies and the market, Truong Hong Ba determined to take a danger. So long as the mission might be accomplished, any drawback might be simply solved. After infinite efforts, the mission was lastly accomplished. Nonetheless, when the sum of money held in hand was not lengthy, it revealed a considerable amount of debt. On April 25, 2017, Khanh Van District Public Safety Workplace acquired a report that Trung Australia Group was suspected of fraudulently acquiring a financial institution mortgage, with the associated quantity of 35 million yuan.

The prosecutor’s investigation revealed that Truong Hong Ba used greater than 800 duck farmers’ identification playing cards to make bank cards, and illegally withdrew money and used them as working capital with out curiosity. of the corporate. He is aware of the regulation and makes use of the financial institution’s loopholes properly to commit wrongdoing.

On June 4, 2017, Truong Hong Ba was arrested by the police. In response to the driving force, when he was taken away, he tried to claim himself because the founding father of Central Australia Group. However it doesn’t matter what the standing, he broke the regulation will likely be punished by the regulation.

After Truong Hong Ba was arrested, the related departments utilized to regulate the Trung Australia Group, however due to issues resembling excessive debt, no accomplice dared to cooperate anymore. The as soon as well-known Central Australia collapsed and will solely declare chapter.

After the story of the fading glory of billionaire Truong Hong Ba’s life is a profound lesson to be discovered: when you’ve got one thing you should not have, then you definitely’ll lose what you should not. Getting wealthy blindly, breaking the regulation, will ultimately pay a really heavy value. Regardless of when, the place, and whoever will get wealthy illegally in the end will likely be punished by the regulation. Such is the justice of life.

(Theo Toutiao)

Le Anh