The Eighties: From Rags to Riches 48: Policy Tailwind (2)
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Lin Wei recalled the harrowing night they had experienced and nodded, "You're right. We have saved up some money now, and it's time to think long-term. Which areas do you have in mind?" 0
 
"The vacant land in the southern suburbs near the planned development zone, and those old houses in the eastern warehouse district that are set to be demolished," Jiang Tao replied, pulling out a simple map he had prepared. He pointed to the locations for Lin Wei. "These places look desolate and rundown now, and their prices are the lowest, which many people overlook. But I've done some digging, and the city's planning direction is to expand south and east. Once the development zone is built and urban renewal begins, these areas will appreciate significantly!" 0
 
"But... won't buying land or old houses involve complicated procedures? And the investment isn't small either," Lin Wei expressed her concerns. 0
 
"The procedures can be a bit cumbersome, but I have a plan," Jiang Tao said with a confident smile. "As for the funds, we can temporarily use part of the education fund we set aside for Xiaodong and Xiaoya, along with the profits from our company over the past few months. That should be enough to purchase two or three decent plots or houses. This is what we call 'strategic investment'!" 0
 
After persuading Lin Wei, Jiang Tao immediately sprang into action. He leveraged his current network to gather information. 0
 
The vacant land in the southern area belonged to a collective factory that was struggling financially and on the brink of bankruptcy. Through his connections with Director Li of the City Textile Factory, Jiang Tao reached out to the leadership of the supervising unit, expressing his willingness to invest in acquiring the land while also covering some relocation costs for employees. After several rounds of negotiations, he managed to secure the nearly one-thousand-square-meter Land Use Rights at an "internal coordination price" that was far below market expectations. 0
 
The old houses in the eastern warehouse district were a historical legacy issue with complex property rights involving several families. Rather than resorting to coercion, Jiang Tao patiently visited each household to negotiate. He discovered that some families were struggling former workers, so he proposed not only compensating them at market rates but also offering them jobs within his company that suited their capabilities. This combination of financial compensation and job opportunities won over most residents. For a few stubborn holdouts, he employed some business negotiation tactics and personal connections to eventually acquire all those houses as well. Although the process was winding and consumed considerable time and effort, he ultimately achieved his goal. 0
 
During the process of handling these land and property transfers, Jiang Tao once again felt the importance of connections and "relationships." Many tasks that could have taken a long time or even been impossible through normal channels became much smoother with a simple greeting or guidance from those factory managers and department heads he had befriended. He also began to place greater emphasis on maintaining these relationships by sending thoughtful gifts like refurbished appliances or sought-after parts during holidays, thereby solidifying his connections. 0
 
In addition to investing in real estate, Jiang Tao did not neglect other aspects of his "strategic layout." He officially established an independent department for parts wholesale business under Wang Hao's management, creating more comprehensive customer records and supply channels to ensure it became a stable source of cash flow for the company. Following Lin Wei's advice, he also hired a friend from her recommended accounting firm to start managing his company's finances more formally, ensuring clear accounts and compliance with tax laws while eliminating potential tax-related risks. 0
 
He even bought numerous books on economics, management, and even law from libraries and bookstores to begin systematic learning. He understood that relying solely on technical skills and a bit of foresight was insufficient; to thrive in increasingly fierce market competition in the future, he needed to continuously enhance his overall capabilities. 0
 
After completing this series of "Prepare for a Rainy Day" strategies, Jiang Tao felt much more at ease. Although he had invested a significant amount of money, he knew that these seeds had been sown and would eventually take root and grow into towering trees that would provide solid shelter for him and his family. 0
 
That night, standing in his small courtyard under the moonlight while glancing at the warm light spilling from the adjacent room where Lin Wei and their children were gathered, he wore a contented smile. 0
 
"The foundation has been laid," he thought. "Next, it's time to consider how to make this tree grow taller and stronger." He realized that mere repairs and part manufacturing were gradually becoming insufficient for his growing ambitions and appetite for the future. Perhaps it was time to truly venture into some entirely new fields? 0
 
 
 
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  • Amy
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The Eighties: From Rags to Riches

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  • Amy
  • Mary
  • John
  • Smith
  • Edward