Can anyone tell me about Yu Minhong s entrepreneurial history

Yu Minhong told the history of hard entrepreneurship, accompanied by drinking and dying in the hospital for 5 hours, and almost died!

Yu Minhong, male, Han nationality, born in 1962, from Jiangyin, Jiangsu, is a member of the Democratic League. Graduated from the Department of Spanish Languages of Peking University with a university degree. In 1985, he became a teacher in the Department of Foreign Languages of Peking University, founded Beijing New Oriental School in 1993, and established New Oriental Education and Technology Group in 2003.

He is currently the chairman and president of New Oriental Education and Technology Group, the deputy director of the ** Education Committee of the Democratic League, the vice president of the China Young Entrepreneurs Association, and a member of the All-China Youth Federation. The New Oriental Education & Technology Group led by Duan Minhong currently has 18 New Oriental schools in Beijing, Shanghai, Guangzhou, Wuhan, Xi'an, Tianjin, Nanjing, Chengdu, Chongqing, Shenyang, Shenzhen, Changsha, Jinan, Harbin, Xiangfan, Taiyuan, Toronto, Montreal and other places, two professional research institutions, five subsidiaries and North American branches.

Yu Minhong's entrepreneurial story

New Oriental's listing in the United States has created Yu Minhong, a new billionaire. Some say he is the most successful teacher in China, some say he is a pure businessman, and combining these two roles, Yu Minhong's path is not easy.

On September 8, Beijing time, Xinhe Cong Oriental Education and Technology Group was listed on the New York Stock Exchange in the United States, and the first day was ** in the US dollar. Yu Minhong, chairman of New Oriental and a shareholder of the company's 44 million shares, has seen his assets soar to more than 1 billion yuan, making him the richest teacher in China.

As the largest English training institution in China, New Oriental has a great reputation. Over the past ten years, it has helped tens of thousands of young people realize their dreams of going abroad, and many students have changed their destiny. Someone commented, "In China, no enterprise can stand at the turning point of the fate of hundreds of thousands of young people, stand at the turning point of East-West exchanges, and play such a direct and significant role in China's social progress like New Oriental."

Such praise may not be exaggerated now, but for the founder of New Oriental. Yu Minhong said that there was no such "eloquent strategy" at the beginning.

Frustrated 80s

Yu's teaching style is summed up by students as "motivating", and one example he often uses is his own experience.

In 1978, Yu Minhong returned home to feed pigs and farm after failing the college entrance examination. Due to the weak knowledge base and other reasons, Yu Minhong failed miserably in the first college entrance examination, and only scored 33 points in English; In the second year, I took the test again, and I scored 55 points in English, and I still lost my name. At that time, Yu Minhong did not have great ambitions, as a farmer's child, it was his dream to leave the countryside to live in the city, and the college entrance examination was the only way out of the countryside at that time.

Despite the difficult living conditions, Yu Minhong continued to study under the faint kerosene lamp.

In 1979, the county ran a foreign language cram school, and Yu Minhong squeezed into it, which was his first time learning a foreign language. Living in a large house for 30 people, Yu Minhong feels like he has entered heaven: he can spend the whole day studying, and he can read under the electric light.

By the Spring Festival of the second year, Yu Minhong's results in the class had already entered the top few.

Chinese-style partnership, as the saying goes, "The hearts of the people are united, Mount Tai moves!" But in reality, the human heart is the most difficult to hold on to, especially between corporate partners facing huge interests. Therefore, we insist on ourselves and do not get lost in the society of logistics.

Pay attention to friendship, and only when there is affection and righteousness can there be reserve military strength, otherwise there will be no one to rescue when encountering difficulties.

1. First of all, it is necessary for the partner to have a good character, which is embodied in the understanding, tolerance, support, trust and positive encouragement of the partner. You can't complain, blame, don't understand, or even shout at every turn because of a small difficulty. That is, we must be in the same boat, but also to send carbon in the snow.

2. Know how to give up love. In the partnership between entrepreneurship, the family must not be too careful. Excessive calculation can lead to mutual suspicion among partners and loss of trust.

If you know how to let the other party take a step in everything, the other party will also let you take a step, so that it is possible to cooperate more happily and easily.

3. Be ideal and enthusiastic. In the early stage of entrepreneurship, we must understand that we must be willing to do it ourselves, so that we can not only experience the details of the past and experience the ups and downs of the process together, but also strengthen each other's feelings and confidence in entrepreneurship.

4. Communicate and learn from each other. Partners should be good at communicating with each other and listening to each other's ideas without cracks, so as to cooperate effectively.

Yu Minhong combined his own entrepreneurial practice and summarized the eight abilities that an entrepreneur should have if he wants to be difficult and unsuccessful.

Target Competencies. First of all, everyone wants to start a business, everyone wants to be their own boss, but you still have to ask yourself a question: why start a business? What kind of goals do you have? What kind of state do you want to make it in?

We don't start a business for the sake of starting a business, but to do one thing well, to do a big thing, and only then can you start a business if you blindly change it and find that it is possible to achieve it after conducting a self-assessment. If you don't have a goal, just an impulse, just feel that you should do something, and don't have much love for what you do, then entrepreneurship is just a trend, not a reality, and you may not be able to achieve big things.

Personally, when I started New Oriental, I had a very clear goal, at that time, I came out of Peking University to become a training institution after retiring from my job as a university teacher, and I hoped that I could make a truly meaningful training institution. It is precisely because of this goal that the training career of Xindong Grinding Ruler Judge is thriving and moving forward.

With the development of training, New Oriental's goal is also constantly changing, from the initial school to want to open New Oriental schools all over the country, to now we have become a listed company in the United States. All in all, your goal is up, but the foundation doesn't change. For example, the foundation of my original New Oriental was to make a training school with a brand, taste, responsibility for the future of students, and a training school that students like.

So, I think the ability to aim is very important for entrepreneurship, and it is also very important to love this goal wholeheartedly. In addition to this, one thing to note is that you must be able to achieve this goal big, not just for your own amusement.

For example, if you like calligraphy, it is not easy to start a calligraphy company all at once.