Once, Tan Fish Head had a huge empire of nearly $10 billion, but it came crashing down in just a few years.? It wasn't a case of gambling my way out of the fortune, as rumor has it. It was all because I was trying too hard to make the company public.?

In mid-August, Tan Fish Head closed its last store in its home base of Chengdu.

So far, the company, which once had tens of thousands of employees, assets of nearly 10 billion yuan, and stores all over the north and south of the Yangtze River,? When more than Haidilao cattle? s hot pot chain? Tan fish head, officially ended its own era.

Three months later, on November 25, Tan Fish Head founder Tan Changan accepted an exclusive interview with Red Star Capital Bureau. Whether talking about ? old scoundrel? status, or gambling rumors, he appeared unperturbed. Only when he heard that he was going to shoot a video, he hurriedly went to change into a suit, saying ? still have to pay attention to the image?

Tan himself is a war veteran, and after a period of fumbling after his career change, he finally started his first hot pot restaurant in Chengdu in 1996, which operated a fish head type of hot pot with an exclusive recipe. After a period of development, by 2001, Mr. Tan's Tan Fish Head Hot Pot Restaurant had opened in Hong Kong. Then this is also the time when Boss Tan's downward spiral began. Below through the news reports, we will analyze the Tan boss entrepreneurship walked through the pit, hope that later this less walk or be able to bypass these pits.

We can read through the report, Tan boss summarized his failure of the important reason is because of the listing. On the one hand, it is a number of times to buy a shell failure, and then the introduction of venture capital, the promised 20 million U.S. dollars only accounted for 5 million U.S. dollars. And they have been prepared to spend 20 million U.S. dollars for the listing of the standard, the result can be imagined, because it did not meet the profit standard, but also to bear the amount of compensation for the betting agreement.

Together with his own unlimited joint and several guarantees for his loved ones' loans, this led to his own brother defaulting on a loan in Sichuan, making him an executor in court. This also led to a restriction on the amount of bank loans for Mr. Tan's boss, who eventually broke his capital chain and undoubtedly went bankrupt.

See listing is a double-edged sword, it can make your business scenery, also can make your business buried in the listing of the road. So listing is not as good as it looks, not all enterprises and companies are suitable for listing. Although the shareholders' is good to cut, please pay attention to the number of times and strength. Through Boss Tan's sentiments, he is no longer afraid to go public. Those companies that are itching and crying to go public, please also pay attention to the number of times.

Venture capital pros and cons

Through Boss Tan's description, we can see. Choose the wind head is more difficult than starting a business, choose a good one can be like Jingdong, to help you, choose a bad one. Not only can not give you a blood transfusion, but also give you a paycheck. As for how to choose, we do not have a unified standard, or to see the boss's own judgment. In addition to know the nature of venture capital, never is the icing on the cake, will not send charcoal in the snow. And whether you can hold the flowers, end up charcoal, only the founder himself knows best.

Gambling can not dip

See a lot of reports, are said to be the owner of Tan fish head in Macau gambling lost a lot of money, although Tan boss now out of the rumor, but to be honest, the company has closed down, the true or false has been unimportant.

So if it is true, but also later entrepreneurs please note that gambling is never touch. As you can imagine, it's your own business that lasts. You can rely on gambling to win just a moment, if all can let you win, the casino has long been closed, or to recognize the nature of gambling, do not have a few stinking money, be fooled by others on the thief ship of gambling.

Of course, many people are very sober when they have no money. Once they make money, they lose themselves. So a lot of things we are not afraid to remind, just some people really really can not listen to, even this Tan boss, I think he still have illusions about gambling until now. Because he is still defending himself, saying that he won by gambling at that time. I feel that he will still go into the casino again if he is like a fish out of water again and leave it to time to savor it if he doesn't believe it.

Writing in the end

While Boss Tan is now making a comeback again, this time under the name Tan Fish Head, the former Boss Tan is already operating as a professional manager. As to whether this business can be hot again, we don't know. It's just that the lessons learned from the failure of entrepreneurs are really worth summarizing and taking more precautions. Summarized above are some one-sided information, in fact, entrepreneurship is still a more systematic and complex project, only personally operated, will understand the mystery.