Discover business wisdom: Duan Yongping’s 24 life secrets will help you succeed like a duck in water🚀

📚 These 24 precious maxims from Duan Yongping reveal the essence of business wisdom and help you achieveunlimitedPotential!Follow the footsteps of this business giant, master the golden password of success, and start the road to success🚀!

Who is Duan Yongping?

Duan Yongping, an entrepreneur, was born in Nanchang, Jiangxi Province, China. He later immigrated to the United States and became a naturalized American citizen.

In 1987, he founded consumer electronics companies such as Xiaobawang and BBK Electronics. He is currently the president of BBK Group. Two mobile phone brands, OPPO and vivo, were also invested and founded by him.

Record 24 sentences of what Duan Yongping said to everyone.

1. I don’t encourage overtime work. Excessive overtime work affects employees’ well-being.Life, competitiveness will decline in the long run.
2. Wolf culture will lose to human culture.
3. If employees are already working hard, paying them more money won't make them work harder.But you can't keep people with less hair.
4. The most important thing in running a business is safety, not how big it is.
5. Since you know you can't do other people's business in the long run, you might as well not do it in the first place.
6. A good corporate culture is not necessary to produce good products, it is just more likely.
7. The long video business is a very differentiated product, and the outcome may not be very good (commentary 10 years ago that Sohu focused on long videos).
8. I will not buy a company with high debt (commented on real estate companies 5 years ago).
9. Moutai collects money first and then delivers goods, while Vanke borrows money first to hoard large amounts of land. The business models are very different.
10. After realizing that color TVs could not be differentiated, we decided to shut down this project. Although we thought of it late, it was better than thinking of it even later.
11. The difference between Samsung and Apple is actually their values. Samsung is reluctant to give up a lot of business, but Apple is determined to say no, so it is more focused.
12. A good company has pricing power. A slight increase in price will not affect business. Being able to set price means there are barriers.
13. In industries with little product differentiation, it is difficult to find good investment targets.Maotai is psychologically differentiated, while Nongfu Spring is differentiated through channels.
14. No matter whether consumers know the goods today or not, we must think that they do, otherwise it will be easy for you to speculate.
15. Don't sell things you don't like.
16. Advertising is efficiency-oriented. It just needs to be delivered in place, rather than exaggerated.
17. Focusing on market share can lead companies to do the wrong things.
18. Kodak went bankrupt because their goal was not to help everyone take better pictures, but to sell their film.
19. Jobs once advised the Google CEO to lose weight.
20. A good company is to find the differentiated needs of customers.
21. The price-performance ratio is the reason why the performance is not good enough.
22. Jobs's strength lies in establishing Apple's innovation culture, rather than innovating himself.
23. Apple does not do promotional advertising, but functional or situational advertising. This long-term subtle effect is good.
24. I like companies that pursue great products and don't mention sales targets.

Differentiation is crucial, so Duan Yongping decided not to get involved in the color TV field.

Similarly, inAndroidIn the mobile phone market, apart from being far ahead in some areas, OEMs have failed to effectively highlight their differences, leading to a decline in performance.

Taking photos (or records) is a basic need for most people.

Every sentence has its scope and boundaries and is easy to understand.Defining these boundaries is where the wisdom lies.Duan Yongping also knows how to express himself very well.