Why do you want to make electrical appliances?

For the development of enterprises, transformation is also a feasible way.

If an enterprise wants to transform, he has to do something else, which means that his business has to survive, and there is another company with higher profits.

To be honest, I want to bring myself down.

The Foot Fitness Shoes Factory for the Elderly, located in Sui County, Henan Province, was built by Foot Health in 2017 and has the world's first automated production line designed exclusively for the elderly.

The production address of the shoes for the elderly is in Quanzhou, Fujian, and the company is the first to develop Xiaosunset Technology in Beijing. Beijing Xiaoxiyang Technology Development ****, to which Foot Health belongs, is a shoe focusing on the foot health of the elderly.

Brand: As the pioneer of the elderly shoes category, the shoes of the elderly have won 260 national patents such as utility model and design in terms of product appearance, soles, insoles, etc., just to solve the problem of the elderly wearing shoes. Collect 7-dimensional data of the elderly's feet and develop a professional shoe last suitable for the elderly's foot shape.

In July 2021, the footwear for the elderly won the "No. 1 sales volume of shoes for the elderly in China in 2020" market position statement issued by Euromonitor, an authoritative research agency in the world. As the pioneer of the elderly footwear category, the brand has been deeply involved in the industry for six years, in-depth research on the changes in the shape of the elderly's feet, and has won 260 national patents, which are trusted and loved by many users.

Founded in 1972 and headquartered in London, UK, Euromonitor International is a world-renowned business information provider, with nearly 50 years of growth and development, with more than 30 industry development information and more than 200 countries and regions of macroeconomic and consumer level information, covering all channels and the entire industry chain. <>

There are risks. Extended Materials].

According to the different risks, they can be divided into external risks and internal risks. (1) The external risks of the enterprise include: customer risk and infiltration risk, competitor risk, political environment risk, legal environment risk, economic environment risk, etc.; (2) Risks within the enterprise include:

Product risk, marketing risk, financial risk, personnel risk, organizational and management risk, etc. Based on the production and operation activities of the enterprise, the enterprise risk assessment is carried out, mainly to assess the internal risks of the enterprise, taking into account the external risks of the enterprise. Business risk refers to the danger that may occur in the process of operation and management of an enterprise.

There are usually five main types of business risks:

1. Policy risk: refers to the impact of changes in national policies on industries and products (macroeconomic regulation and industrial policy orientation).

2. Market risk: It refers to whether the company's products are marketable in the market and whether they have market competitiveness (technology, quality, service, sales channels and methods, etc.).

3. Financial risk: refers to the difficulty of capital turnover, or even bankruptcy and bankruptcy (capital structure, asset-liability ratio, receivables and cash flow problems, etc.) caused by poor operation and management

4. Legal risk: It is due to the carelessness of signing the contract and falling into the contract trap, resulting in serious economic losses (breach of contract, fraud, intellectual property infringement) of the enterprise

5. Team risk: refers to core team problems, employee conflicts, churn and knowledge management.

Suggestion: In the process of enterprise operation, firmly establish risk awareness, take preventive measures, and prevent business risks to the greatest extent.

The risk is mainly manifested in the fact that the closing balance of profit on the income statement is huge, but in fact, the closing amount in the company's cash statement is so small that it is almost zero or even negative.

The profit on the books is cash, which is in fact a misconception. This is because sales on credit are also included in earnings, but no cash is received at the time of sale.

On the other hand, selling on credit increases the cost of selling inventory, but does not immediately disburse cash. This misconception often creates a false impression of the company's cash position, and the operator neglects to balance the supply and demand of cash when the company expands or launches new projects.

Cash is the blood of an enterprise, and from the perspective of daily business activities, only by providing enough cash can an enterprise operate normally. Insufficient cash will have serious consequences for the business, affecting the profitability and solvency of the enterprise. As a result, the credit rating of the enterprise in the market competition is reduced, and the company's capital turnover is not effective, and even the debt is not repaid, and it goes bankrupt.

The cash risk is mainly manifested in the fact that the owner is only interested in the main financial indicators of the enterprise, such as the asset-liability ratio and return on net assets, and ignores the problems under the cover of the indicators; Paying too much attention to the growth of profits and sales and neglecting the cash in hand; Excessive investment in fixed assets reduces the liquidity of enterprises, resulting in capital precipitation; Enterprises are blindly expanding in scale, and lack corresponding short, medium and long-term plans.