According to the latest story, the man Yining used his step-by-step strategy to completely kill Wu Jia, the first in Jiangning's fabric industry. This story looks cool, because it is progressing quickly and there is no comprehensive explanation in the play, so for most viewers, after reading it, they don't know how to plan to bankrupt the Wu family step by step.
Yu also thought about this question for a long time before he came to the answer of this system: it took only five strokes to bankrupt the Wu family. You got it? 1. The purpose of closing Sujia Cloth Shop and transferring all fabrics and garments is mainly to cash out and prepare for the price war between Sujia and Wu Jia.
2. Open preserved egg stalls to increase cash flow.
This kind of small preserved egg stall is sold on almost every street, and the cost is very low. Preserved eggs were still novel snacks at that time, and the price was relatively high. The original book is priced at 20, which is twice as high as the market price of salted duck eggs.
This kind of preserved egg stall can be placed everywhere in the street. After expanding the scale, it provided Yining with high cash flow, and the input cost was actually very low.
3. Use the relationship between the Prime Minister and Xu to force Fannie and Freddie to spit out their silk.
Because there is no silk in the market at this time, some silk in Jiangbei is in the hands of Su Erfu, and silk in Jiangnan is in the hands of Wu.
Su Taner put the silk from Fannie and Freddie on the market and asked the boss who got the silk to drive up the price. Because at this time, this batch of silk released by Su Taner has become an "orphan" in the market and is naturally the highest bidder.
Yining told his friend to go to Wu Jia to release silk, and by the way, she created the illusion that Jun Yu was the undercover of Su family. Wu Shao thought Xi Junyi was undercover, so he would never use him again.
Wu Shao got the news of silk and thought that Sue's family was dying. After all, Wu Shao looks down on preserved eggs (in fact, there is a lot of running water, which is called sneaking around). Wu Jia bought all the silk in cash, and now the capital chain is broken, but she refuses to give up the silk currently on the market. Wu Shao went to borrow money to buy silk at a high price, and the price of silk fell as a result. Finally, insolvency leads to bankruptcy. Wu Shao borrowed money from an underground bank, bought this batch of silk at 20 times the price, and waited for the imperial court to do silk business with himself. Unexpectedly, the Prime Minister went back to prepare for the war, so he didn't have to pay silk again.
Therefore, no one bought the silk that Wu Jiahua hoarded at a high price, and the business at home could not provide enough cash flow. After the capital chain broke, the silk hoarded by Wu Jiahua became a cheap product that no one cared about. Because a new batch of silk is listed every year, and more than one batch of goods enter the market every year, silk can only be used to make clothes, not necessities, so the price will not go at all. Finally, with the decline of silk price, the Wu family was insolvent, which led to bankruptcy. Yining bought the silk in the hands of the Wu family at a price of only 10%, which doomed the Wu family to suffer.
Q: There is a key question, that is, why did Wu Shao agree to sell silk to Yining at the price of 10%? Wu Shao may get a higher price by selling silk to other cloth shop owners, but there are only two big cloth shops in Jiangning, and Wu Shao hollows out all the silk. Naturally, no other small cloth shop can eat silk like Wu Shao.
Besides, before long, new silk will flood into the market again, and the silk hoarded by the Wu family will fall in price. In addition, the money borrowed from underground banks is short-term. If it's time to pay it back, it's not as simple as Wu Shao kneeling at Yining to admit his mistake. Because I cashed in the Su family's cloth business before, plus the huge cash flow brought by the preserved egg business, I have the economic strength to eat the silk hoarded by the Wu family. I can also use my own steam loom to quickly use the productivity of all workers in the Su family's cloth industry to make these silks into clothes.
Yining took such a risk because he decided that the imperial court would no longer be willing to hand in new year's goods, so he let the Wu family eat Jiangning's silk in one bite and put all the assets of the Wu family on this monopoly business, which was actually a bubble and directly led to the bankruptcy of the Wu family.