"There has been more than 40. After graduation, I went to General Electric to find a job and went out to market. After working for several months, I received a letter from my home. My mother told me that my father had cardiovascular disease and was hospitalized, so she asked me to go back and take a look.

In this way, the more than 40 convenience stores were temporarily handed over to me to manage. In the early days, the market was saturated and profits fell seriously due to excessive expansion. Only then did I realize that what I learned in school and practice were different.

After that, every time I expand, I will do a preliminary survey. Now, I have basically visited the geographical location in the United States to ensure the daily traffic.

In the early 1960s, the previous store decoration could not keep up with the development of the times. For example, Walmart had just started to open at that time. I invested all the money I made in the past few years in the expansion of decoration, reduced the number of operations, and opened it to San Francisco, a location outside Los Angeles for the first time.

Later, it gradually accumulated and the business exceeded my expectations.

In this way, there are more and more branches, and every time I make money, I invest in the next sos convenience store.

When I drove all over California, then Nevada and Oregon, the Sos Group found its own style. In fact, I always felt that Sam Walton was copying me..."

These remarks caused laughter from the students present. Walmart was founded by Sam Walton. Someone continued to ask: "Walmart received a large amount of funds after it went public, and its later development would be better than SoS Group. Why is SoS Group not listed?"

"To be honest, Sos Group had the opportunity to go public in the 1970s, but I didn't understand the stock market very much. When I understood it, I didn't want to go public.

For companies that require a lot of funds during the operation process, listing can indeed raise funds, but Sos Group itself has sufficient funds and can fully support operational expansion. I don’t need financing, so I naturally don’t need to go public.

Listing also has its drawbacks, it will dilute my control over the Sos Group. I have to pay dividends after issuing stocks, which also dilute my profits.

In addition, there is too much supervision on the exchange, such as submitting annual reports every year and having to do annual reviews, which is very troublesome. The company's internal framework will become complicated with listing, and the board of directors and supervisory boards are too messy.

The benefits of listing on the US Stock Exchange are nothing more than raising money to get the funds needed to develop a business.

Sos Group is also short of money. If it weren't for shortage of money, it wouldn't be Walmart's turn to be the world's largest supermarket, but Sos Group cannot go public for money.

After listing, Sos Group became a money-making machine, and every day the stock price changes touched my nerves, which was not conducive to the management of the entire Sos Group's corporate management.

I run a business to make it develop in the long run and allow Sos Group employees to have a dignified life.

After listing, I have to be responsible for the shareholders and ensure that the stocks continue to rise. Profits will become the sole purpose of the existence of Sos Group. If this continues in the long run, Sos Group will become very impetuous, just as impetuous as today's American society.

Sos Group is already very famous, and it will become even more famous in a few months. I think in the near future, the whole world will know that there is a supermarket called Sos convenience store. If that is the case, why should I go public and get a false reputation?”

In front of Han Xuan, the old man always appears as a grandfather. He is occasionally strict, but most of the time he is kind, so he forgets how successful he is.

Han Xuan and his classmates applauded warmly. He didn't know much about the Han family's history of making a fortune before. He asked his grandfather all the questions, and it seemed quite relaxing. It turned out that there were so many twists and turns in it.

"It's getting dark outside, do you have any questions?" The old man stood on the podium and said with a smile.

"Yes! Sir, I want to know about this franchise event. The Wall Street Journal used you as the headline yesterday, and the data shows that Sos Group can make more than 10 billion US dollars this time and may continue to expand in the future.

The Financial Times said that Love Firm, a European supermarket and commercial law country, also plans to join the United States to seize the market. What do you plan to deal with it?"

"Carrefour? I haven't received the news yet. I didn't pay attention to the news when I came to Rhode Island today."

Han Xuan found that his grandfather frowned and walked out to Lopez's bodyguard and said, "Call Joseph and check the Financial Times this morning, and the French Love Company trends to see if what he said is true."

When the old man saw his grandson coming in, he continued: "The specific income of joining this time is not clear. The 10 billion US dollars is based on the listing valuation, and the real number is not that much.

If Carrefour really intends to intervene in the American supermarket industry, we can only say sorry to it. It is too late. There will be more than 16,000 small convenience stores in the United States in a few months, and the market will be oversaturated.

I have no objection to it when it comes in. Unless the entire company is moved to the United States, the price war between Carrefour will not be able to beat Sos Group.

It is found that more than 35% of the franchisees in the auction have been engaged in small convenience stores before. Because they believe in the SoS Group's corporate model, they intend to transform the original store into SoS franchise stores."

"Didn't there only eight thousand companies that announced the news before?"

"This figure is based on supporting logistics facilities. Remote areas may have to wait one to two months. The early auction of the quota will give them time to deal with store address and other issues."

The old man pulled it casually.

Gregorian received a reminder from Han Xuan and clapped his hands to attract attention, "Let's get here today. Mr. Han plans to give Brown University a huge donation. I want to treat him to a meal tonight."

"Public expense?" a student shouted.?

"Yes! I can still make the decision just for a meal! Take me a lawsuit with the school board!"

Laughing.

"real?"

"right."

Lopez said to South Korea: "Carrefour only released it in the morning, and intelligence people did not pay attention to this news."

The old man unbuttoned the suit and spoke: "It's okay, their channels have not been established. I guess they want to sell them first and then build them slowly. Call me..."

“Joseph, the plan is ahead of schedule.

Contact the TV station and in the evening news report we added 10,000 places across the United States, as well as Las Vegas and the Hawaiian Islands.

I will see newspapers reporting on the specific number of French Love's cargo operation centers in the United States, implying that it is publishing false news and misleading consumers, and it will take half a year to open the business."

"I've snatched me here, I'll see how it is sold." The old man said annoyed.

"Are you okay? Boss."

"No big problem, just make less money, and the loss is estimated to exceed tens of millions of dollars. Some people are swaying because they are afraid that the auction price will not rise in the next auction."

Han Xuan spoke lightly and looked at the old man, "A few more rounds of advertising bombings, they are easily affected by the news. Tell the buyers to choose the address as soon as possible, and find a few construction teams. The logistics transit center guarantees one in each state, and the employee training will be accelerated..." (To be continued.)
Chapter completed!