Chapter 51: Lost Money Overnight

Xia Shangxu said with a bit of pride: “The starting price of a taxi is 14 yuan. This price is equivalent to half a day’s work for many people. Not everyone can afford a taxi, but taking a taxi is necessary, so I gathered a few good friends, each of whom contributed a little bit here and there, and borrowed money from the bank to raise 1 million yuan. We got 30 cars and set up a taxi company. We half-rented the cars to drivers with driver’s licenses.”

“For the first 2 months, we paid for gas and car repairs, and submitted 2,000 yuan in car rental fees to the company every month!”

“After 2 months, the drivers paid for gas and car repairs themselves, and then paid the company 2,000 yuan in fees as usual… In this way, after the company started, I earned 60, 000 a month from taxi drivers. Of course, we have to deduct the car license from the rental company and other miscellaneous expenses. My friend and I found that it would take 2 years to get back the investment based on this income. We expanded our business scope. Many newlyweds in big cities also want to have a good reputation when they get married, so they have to rent a car. Others are afraid of damage to other things, but taxi drivers don’t have such concerns. They just need to pay the corresponding fees. For example, the minimum price for renting a wedding car for a week is 2,000 yuan.”

“There are also business owners who run around every month and pick up and drop off at the station.”

“Adding up all these sources of income, I spent 1 year to get back the investment, and the remaining 2 years have been profitable!”

Xia Shang felt proud when he narrated this.

“Uncle, you are so awesome?!” Qin Fei was confused: “Then why are you always despised and still don’t have a wife?”

“It must be that Uncle doesn’t want to marry!” Qin Yun took Xia Shangxu as a role model as a matter of course. He was too awesome: “What’s so good about women? Money is not as useful as them.”

Qin Hongfei couldn’t help but look at this uncle in worship!

She thought to herself: Awesome, really awesome!

But she was much calmer than Qin Fei and Qin Yun, knowing that there must be a follow-up, otherwise, Xia Shangxu would not start a business now: “Uncle, what about the taxi company later?”

Shou asked: “Did it go bankrupt?”

Tang Jinnan reminded Shou: “Don’t be too direct.”

Xia Shangxu: “……”

Just after enjoying the worship, he was hit by the reality twice before he could feel proud for three seconds. It was abominable. Can’t they let him feel proud for a few more seconds? Why do they ask such a sharp question?

Although he was helpless, he was frank: “It closed down, but the main reason was internal disagreement.”

He had been making money for three years in his four years of college, but after all, big cities develop quickly, and if he can make money, others can too. Business competition has begun. Not to mention the recession, there were also disagreements within the company over dividends.

This was the main reason. There were four partners in total. Xia Shangxu and the others were fine, but one of them thought it was too little and wanted to renegotiate. But the benefits were limited. If they give him too much, they have to touch other people’s pie.

Xia Shangxu gave advice, loans, and money. If that person can’t touch him, he touches the other two.

There were a lot of people in the room. Everyone was doing well, but that person opened up an argument. Naturally, everyone disagreed. In the end, the business went downhill and the situation became worse and worse. Just then, someone was willing to take over the car dealership, so he sold it and got his capital back. No matter how he sold the 30 taxis, he would not lose money, and he still made a lot of money.

Qin Hongfei said in a puzzled way: “It sounds like you still made money.” If he made so much money, why did he have such a bad reputation among his relatives?

When mentioning Xia Shangxu, everyone shook their heads and sighed.

Xia Shangxu looked at his niece calmly and said: “Yes, I still made money. At that time, I had a total of 1.2 million yuan in my hands after receiving dividends and transferring the company to others. But wasn’t the stock market popular at that time? I had nothing to do, so I thought about doing some research and changing my career. I invested more than a million yuan, and lost it all overnight.”


Thanks for reading, likes, and comments. ^.^

No spoilers, please!

Please support the author by reading the original version on their official site, or buying the book. ^.^

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.