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Plastic Factory Halts Production! Boss Spends His Own Money to Keep Workers! What's the Reason...

Published:2018-11-15 · Industry News · Source: 互联网
Key Takeaways
  • The plastic factory has halted production but is not bankrupt; the boss uses personal funds to retain skilled masters so orders can still be fulfilled when they return.
  • During the order drought, the factory takes zero-profit orders just to keep workers fed, and the boss once earned less than a single worker for two years.
  • In the off-season, not losing money is enough, and employees are kept on and paid even when there is no work.
  • Once a factory shuts down, money owed for goods becomes very hard to collect while debts to suppliers are pursued daily.
  • Many small factory bosses fail mainly because they lack innovation and reform; those who truly succeed rely on both luck and innovation/reform.
  1. The factory has stopped production, but that doesn't mean it has gone bankrupt! The main thing is spending your own money to keep skilled masters on. If you let all the masters go when business is bad, where will you find people when orders come? Who will do the work? Newly hired people can't get the hang of it right away.
  2. During this period, I've been taking orders that earn no money at all, just to keep the workers fed. There were once two years when I earned less than a single worker, simply to wait for the market to turn.

What matters most in the 21st century? Talent matters most!

What matters most in a plastic factory? Your brothers matter most!

  1. As long as we don't lose money during these few off-season months, that's good enough. Employees must be kept on — even if there's no work, let them come to work and draw their wages. Otherwise, even if employees don't leave, they still have families to support. Actually, many bosses like us started out as wage earners ourselves; we're just a bit more diligent and a bit more full of ideas than our employees — no different from them.
  2. Some bosses are owed money for goods; once they shut down it's very hard to collect. And they themselves owe money to their suppliers. Once they shut down, those who owe them will welsh on the debt, while those they owe come knocking at their door every day. So many bosses don't have it easier than their workers.
  3. Right now orders are few, so I take orders with no profit in them — as long as it keeps people fed, that's enough. After all, the brothers have been with me so long; it doesn't matter if I have to chip in out of my own pocket. If the factory can keep going, thank heaven. Everyone in manufacturing has peak and off seasons; just tough it out and it'll pass. You can't work a few years, switch to another, work a few years, switch again — you slowly get old, and in the end you've still accomplished nothing.
  4. Many factory bosses' mindset has changed: once they became bosses, they started looking down on wage earners, and for them to go back to being a worker is absolutely out of the question. No innovation, no reform — this is the main reason many small bosses go under. Those who truly make it rely not only on luck but also on innovation and reform. It's just that some bosses clearly know these truths, yet still want to stubbornly hold on using the old ways of doing business.

I once heard an injection molding master tell a story:

He was drinking with his boss, and the boss drank himself senseless,

After he was carried home,

his wife tried every way to sober him up,

to no avail at all,

so she called his friend to ask

You just shout:

Orders are in! Production is resuming!

The wife didn't understand, but did as told.

Unexpectedly, before the words had faded,

the man shot up from the bed in a flash,

hurriedly shouting: Really? I'm heading to the factory right now!

I've been waiting for this day for so long!

So broke I'm about to have no rice for the pot!

The wife...

By now her face was streaked with tears……

So it turns out the husband supporting the family,

is truly not easy!

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