Chapter 19 Grinding an iron pestle into a needle is the same as the need for a poor man to become a rich man

The accumulation of wealth cannot be built overnight, and the process of making money often requires you to have more patience. In 1984, Fang Peilin established the first private bank in modern China—Fangxing Bank. Since his establishment, this bank has been in a "latent" state. "Underground bank" is not in the elegant hall, and he is also considered a person who "plays with money".For this reason, Fang Peilin often joked: "I know how to 'play with money', that's true, but I've done research and it's all legal and compliant." In the early 1980s, business in Wenzhou gradually flourished.Many self-employed people in Wenzhou need to deposit the banknotes collected that day into the bank every day, or need to go to the bank to get them at any time if they are short of funds for purchases.At this time, a problem arises: once the bank is closed, these businessmen have to wait until the next day, which often delays many things.Seeing this situation, Fang Peilin realized that the bank could no longer meet the requirements for business transactions.At that time, Fang Peilin was working as an accountant in a state-run hospital, so he submitted application materials to the relevant department, hoping to establish a financial institution to provide reception services for special groups of people.You must know that at that time, financial banks were areas under the key control of the state.Fang Peilin's thoughts are tantamount to idiotic dreams.

Fortunately, Wenzhou happens to be a pilot area for the reform of the national financial system.Therefore, Fang Peilin's application approval did not take much effort. On September 29, 1984, "Fangxing Bank" officially opened. "Absorbing funds at a high interest rate and lending them at a higher interest rate can earn a spread."In the five years since then, Fang Peilin's net profit from the bank has reached 1 million. In 1989, when Fang Peilin's career was in full swing, he voluntarily asked to cancel the bank.The reason is policy risk.At that time, many rural credit cooperatives entered the county, which put great pressure on his bank.After all, finance is a key area controlled by the state. When the banking industry began to come to seize it, he realized that his "irregular army" would find it difficult to survive.Since then, his bank has gone underground.

In 2010, the state promulgated new 36 articles to encourage private capital to enter the financial industry and allow private capital to set up financial institutions.At this time, private finance that had existed underground for many years finally saw a ray of sunshine.At this time, it has been 26 years since Fang Peilin founded the bank.From the moment he closed his bank, Fang Peilin has been dormant for nearly 20 years. "After waiting for 26 years, I finally opened a window of private finance", this is Fang Peilin's biggest emotion in 2010.A person's success requires tenacious perseverance, persistence and waiting.After 26 years of waiting, Fang Peilin's underground bank finally surfaced.

For the rapid rise of Wenzhou people, some people lamented, some were amazed, and some were puzzled.Why in such a poor place, such an amazing wealth can be created in just a few decades?Why are these ordinary people able to create so many famous commercial brands within a few decades?For these questions or guesses, benevolent people have different opinions, and wise people have different opinions, but there is no doubt that Wenzhou people have amazing patience and perseverance. If you want to create a world in the market, you will inevitably encounter temporary difficulties and setbacks. If you don’t have the willpower to persevere, all previous efforts will be wasted.While Wenzhou people have achieved success, they have also paid a lot for it.During their long-term business journey, they overcame many difficulties, honed their ability to withstand pressure, and searched for solutions. In the process, they relied on tenacious perseverance.

In 1978, Zhou Xiaoguang, who graduated from high school, had just turned 17 years old. He carried the burden of a salesman and the dreams of the whole family, and took a few tens of yuan borrowed from his mother to board the train and started his career of "running the dock".Her purpose is very clear: to carry the burden to sell embroidery patterns all over the country.In the next few years, she squeezed trains and drove cars every day.Set up street stalls during the day and drive at night.Because she needs to walk along the roads and railways every day, in order to save time, she always carries a map of China with her. There is only one thought in her heart: to let her family live a good life.

Relying on amazing perseverance, Zhou Xiaoguang persisted for 6 years.During these years, she has traveled almost half of China.Once, when she was selling embroidery patterns in the Northeast, she saw that women in the Northeast liked to wear colorful headdresses. With the sensitivity of women, she decided on the future business direction in one fell swoop. In 1985, she married Yu Yunxin from Dongyang who also sold embroidery patterns.After marriage, she ended her 6-year career of "running the dock", and the two used all their savings to buy a stall in Yiwu's first-generation small commodity market.The husband went to Guangdong to buy goods, and she practiced stalls in Yiwu.Over the past few years, their business has continued to grow and they have become the most famous local jewelry merchants.

Suffering is the best university in life. In this university, Wenzhou people have learned something that cannot be learned in books—tenacious perseverance.Compared with suffering, not many people can compare with Wenzhou people.Wenzhou people with ambitions in all directions have suffered too much: the suffering of work, the suffering of the environment, the suffering of being away from home, the suffering of longing, the suffering of loneliness, and the suffering of failure.It is so much suffering that has trained their tenacious perseverance.They are more able to face the suffering around them with a positive attitude.If we really want to make our own way in business, we must learn the hard-working spirit of Wenzhou people!

In the view of Wenzhou people, perseverance is the foundation of success, and it is a kind of tenacity formed in the continuous pursuit.Only with strong perseverance can a person overcome all kinds of difficulties and setbacks on the way forward.With the help of perseverance, we will not easily bow to difficulties and setbacks, but will face them stronger.remember!Those who have perseverance will succeed, those who do not have perseverance will fail. ◎Persistence is to learn to persevere, to learn to wait—a person with perseverance needs to wait for opportunities in the face of difficulties and setbacks, but it is not aimless persistence or negative decadence.Instead, in the process of dormancy, choose an opportunity to come out, use practical actions to change the passive situation, and achieve ultimate success.