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4, yuan earns 6 million yuan. What's the "principle" behind Wu Shichun's thousand-fold return?

The growth of any team needs the continuous improvement of team ability. If the founder doesn't make progress, the team can't make progress, so how can we improve the growth of the founder?

First, about Wu Shichun's entrepreneurial process

Second, two major obstacles affecting rational decision-making: self-awareness and thinking blind spot

Third, how to overcome these two major obstacles?

four, six ways to distinguish between open-minded and closed-minded

five, how to become an extremely open-minded person?

I hope that through this article, you can improve your understanding of the above issues, and apply them to practical actions to start changes and finally gain growth.

Wu Shichun, the founding partner of Meihua Venture Capital, has created two investment cases with returns exceeding 1, times. How did he do it?

Wu Shichun was born in rural Jiangxi in 1977. After graduating from university, he worked in Huawei and Baidu successively. In 24, he started his business for the first time and established the Business News Company, which was quickly adopted by schools, hospitals and e-commerce websites. Unfortunately, after working for several years, no one was willing to invest. This was his first business failure.

In 26, Wu Shichun founded Kuxun.com, focusing on the vertical search field of tourism. However, in 28, he left Kuxun.com, which he founded, because of disagreement with investors, and his business was still unsuccessful.

In 21, he founded Lehe Interactive, moved to the mobile Internet, and launched the boutique applications "Gourmet Shake" and "Wandering Assistant", but none of them achieved corresponding results.

Until May 214, Wu Shichun established the Meihua Angel Venture Capital Fund, which should be the most active and the highest return on investment in China, and the only investment institution in China that has invested in two projects with a return of more than 1, times.

in four years, Wu Shichun invested 4, yuan and got a return of more than 6 million yuan, more than 1, times.

after nearly 1 failed ventures, Wu Shichun was still able to persist in not giving up, make constant efforts to improve, and finally found his mission, using his business wisdom and resources to help start-up companies.

The joy of life is the process of constantly meeting new challenges. Pain plus reflection equals progress. No one can be smooth sailing, and every truly successful person grows up through pain and reflection.

Wu Shichun said: Every winter cycle actually gives young people with dreams and ambitions a chance to change and fight back. In a fair society, wealth should be created and redistributed by diligent young people. Don't overestimate the macro influence, and don't underestimate your micro efforts.

The key factor that determines the success of starting a business is not only whether you enter this industry in the cold winter or the bubble period, but also that you insist on being yourself in an industry and seize strategic opportunities with long-term preparation and strategic patience that can withstand loneliness.

everyone has two obstacles on the road to success, one is self-awareness and the other is blind thinking.

These two obstacles make it difficult for you to see the truth about yourself and your environment objectively and make the best decision by making the best use of others' help. If you can understand how the "machine" of the human brain works, you can understand why these two obstacles exist and how to change your behavior so that you can make decisions more efficiently.

1. Self-awareness

Everyone has "emotional and subconscious low-level self" and "logical and conscious high-level self" in his mind. When something happens, the two selves in their minds will compete for the control of their true selves.

"Emotional and subconscious low-level self" refers to your subconscious defense mechanism, which makes it difficult for you to accept your mistakes and weaknesses. Everyone has some deep-rooted needs and fears, which all come from some primitive parts of your brain, such as the amygdala. Sometimes you can't control your emotions and get angry. At this time, you have actually been kidnapped by the amygdala.

The other "logical and conscious high-level self" comes from your cerebral cortex. It is rational and will clearly perceive that it is making decisions and applying logic and reasoning. They are constantly fighting for control of you. When you subconsciously want to be right emotionally and have a strong sense of self, then you may face the failure of decision-making.

As the Principle says, "The low-level self is like a trained fighting dog, always keeping a fighting consciousness, while the high-level self always wants to make things clear".

2. Blind spot of thinking

Everyone has his own blind spot of thinking, which sometimes prevents you from seeing things accurately. Just like human beings' color discrimination, they all look at things in their own way. People cannot understand what they can't see.

People who don't have the ability of recognition and comprehensive analysis don't know what recognition and comprehensive analysis are all about, just like a color-blind person who didn't know he was color-blind when he was a child and thought that everyone saw the same world. But color-blind people will eventually find themselves color-blind, but many people will never admit that they have blind spots in their lives, which causes our cognitive deviation.

1. Pursue an extremely open mind

(1) Sincerely believe that you may not know what the best solution is, and realize that it is more important to properly handle "not knowing" than what you know.

(2) realize that decision-making should be divided into two steps: first analyze relevant information, and then decide.

(3) Don't worry about your image, just care about how to achieve your goals.

(4) realize that you can't "just produce without absorbing".

(5) To be extremely open-minded, you must highly accept the possibility that you are wrong and encourage others to tell you where you are wrong.

(6) Remember, you are looking for the best answer, not the best answer that you can get yourself.

(7) find out whether you are arguing or trying to understand a problem, and think about which method is the most reasonable according to the credibility of your opponent.

2. Understand and appreciate differences of opinion

In deliberate differences of opinion, the goal is not to convince the other party that you are right, but to find out who is right and decide what to do. To do this, the way of communication should make the other person feel that you are just trying to understand. You should ask questions instead of making statements, discuss in a calm way, and encourage the other person to do the same.

it is meaningless for people to get angry when they disagree, because most differences are not so much threats as opportunities for learning. Those who change their minds after learning something are winners, while those who stubbornly refuse to learn are losers.

3. Examine opinions with people who are credible and willing to express differences

Ask experts individually, and encourage them to show thoughtful opinion analysis and ask questions. By doing so, I not only reduced the possibility of making mistakes, but also learned a lot. The effect is most obvious when there are differences with experts, or when there are differences between experts.

4. Identify whether your mind is open or closed at any time

Here are the ways to distinguish between open-minded and closed-minded:

Closed-minded people don't like to see their views challenged

They are usually frustrated because they can't convince each other, instead of wondering why they have different views. Open-minded people want to know why there are differences. When others disagree, they don't get angry. They know that they may always be wrong, and it is worth taking some time to consider each other's point of view to make sure that they have not neglected some factors or made mistakes.

people with closed minds prefer to make statements rather than ask questions

people with open minds sincerely believe that they may be wrong and ask sincere questions.

people with closed minds block others from speaking

If one party seems to leave no room for the other party to speak in a conversation, he may be blocking the other party from speaking. People with an open mind always prefer listening to speaking. They encourage others to express their views.

it is difficult for a closed-minded person to hold two ideas at the same time.

they let their own opinions dominate and crowd out others'. Open-minded people will keep their ability to think deeply while considering other people's opinions. They can think about two or more conflicting concepts at the same time and weigh their relative values repeatedly.

people with closed minds lack a deep sense of humility.

Humility usually comes from people's failure experience. Failure makes people actively know what they don't know with an open mind. When an open-minded person looks at things, he always worries that he may be wrong in his heart.

in the first 1 years of my business, I was a closed-minded person in 5% cases. 5% of the arguments with the co-founders were because they were closed-minded at that time. But in fact, once you can distinguish between open-minded people and closed-minded people, you will want to be surrounded by open-minded people. Effective cooperation between several excellent decision makers can not only improve the efficiency of decision-making, but also learn more and significantly improve the quality of their own decisions.

I summarized Dario's views and extracted seven rules:

First, use failures and setbacks to guide high-quality thinking.

Second, knowing that everyone has amygdala kidnapping, there are two "I's" trying to control themselves.

Third, know that everyone has a blind spot in thinking, and don't be "color blind" in your own thinking.

Fourth, believe in trustworthy people, and learn from those who have achieved results, and it is better to be those who have succeeded three times.

Fifth, try your best to help others keep an open mind.

Sixth, evidence-based decision-making tools.

Seventh, express calmly.

If you can practice the above seven items regularly and deliberately, you will become an extremely open-minded person after 18 months.

more content is in the circle of @ management thinking

Chairman Tongcheng Yilong

personally taught the entrepreneurial mentality from scratch to 3 billion in 17 years

Management experience from 5 people to 1, people in 17 years

Founder and Chairman of Tongcheng Group

Dean of Tongcheng Business School joined Alibaba in 21 and became one of the early "China-supplied" iron armies. In 24, I founded Tongcheng. com with my teachers and classmates.

fifteen years of entrepreneurship, starting from a student dormitory, from five people to more than 1, people, with a total financing of 9 billion, including Tencent's four investments in the same journey;

In 218, Tongcheng Yilong was listed on the main board of Hong Kong Stock Exchange;

in the next decade, the group's goal is to create a market value of 1 billion in the main tourism industry, and at the same time accelerate the incubation of 1 companies with a market value of 1 billion.