《1855 American Tycoon》Chapter 9: Start-up Capital
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In later generations, in addition to going to court to resolve disputes over company debts, hiring debt collection companies is also a common method. One of the most common tactics used by debt collection companies is to create various gimmicks to slander the reputation of the debt collection company, forcing him to choose to pay back the money honestly to avoid greater losses.
In this era, due to the imperfect business system, business reputation is more valued. At that time, it doesn't matter what kind of bad reputation an entrepreneur has, whether it is greed, viciousness, or even brutality, this is not a problem, but, he can't have a reputation that doesn't talk about business credibility. Once he has such a reputation, he will encounter various problems in the business field, whether it is credit or financing, he will encounter various difficulties. Therefore, in that era, once a contract was signed, the price to be paid for breaking the contract was often very high.
"If people refuse to give money, you will stay at the door of their company and tell everyone who passes by that their company will not repay their debts. I believe that they will never be willing to let their Damaged reputation," Scrooge said to John Rockefeller.
"It's a good way to do this so that they won't give in. And the intensity is also very well controlled. I can completely increase the pressure on them little by little to avoid the result of completely turning their faces." John Rockefeller said this while nodding.
...
Later, according to John Rockefeller, within a month, he helped the company find out more than sixty dollars of accounting problems and recovered more than one hundred dollars in debt. In addition, he also helped the boss Hewitt The rent has been collected - this is not the company's business, it's just the boss's business, but the boss has found you, can you quit?
Hewitt is particularly fond of buying houses and renting them out. In the beginning, when there are one or two sets, three or five sets, it is not difficult for him to collect it himself or send someone to collect it temporarily. Later, after buying a dozen or dozens of houses, Hewitt found that he was unable to collect the rent, and even if he dispatched company employees, he was too busy. Over time, arrears and rent evasion appeared, which caused Hewitt a headache. Now that an employee with expertise in collecting accounts suddenly appeared in the company, Hewitt, the boss, naturally thought of entrusting this matter to him.
The boss gave an order, and of course, Rockefeller had to implement it. So, after going to the company to sort out the accounts every day, Hewitt's carriage took Rockefeller out to collect the rent and did Mu Renzhi's deeds.
Rockefeller did not immediately start the recovery action but spent a few days understanding the various situations of the tenants who paid the rent on time, roughly straightened out the relationship, designed a process, and then began to talk to the tenants. One talked about the lease contract. In the new contract, Rockefeller strictly stipulated the time of rent payment. He also added a clause to the contract: "Only tenants who paid their rent on time in that year can get the preferential right to renew their lease for the second year."
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This condition is quite attractive. At that time, Cleveland's economy was developing well, there was a lot of floating population, and the house was not so easy to rent. With such a clause, tenants will be happier when they pay their rent. Of course, there are not many households with nails who are in arrears in rent. To deal with these people, Rockefeller used the old trick again, blocking their door and telling everyone who passed by that so-and-so owed the rent. As a result, well, Rockefeller managed to get his money back again.
Both bosses were satisfied with Rockefeller's performance, and they found that some of their business partners, even those who had just been paid by Rockefeller, had complimented their new buddies in front of them, and Quite sincere compliments on their discerning eyes.
"Hewitt, do you see if we end the probationary period for that little guy early and make him a full-time employee next month?" Tuttle said to Hewitt in the office.
"Well, that little guy is really capable, and our company needs to keep him. I heard that some guys, like that Daley, want to dig our feet," Hewitt replied.
Captain Daly is a long-time customer of the company. He runs a shipping company and has a lot of economic dealings with Tuttle and Hewitt's companies. Of course, he also has a lot of debt entanglements. Rockefeller was once ordered to negotiate with Captain Daly, but he surrendered Captain Daly and completed the mission. Captain Daly, who was surrendered, admired Rockefeller very much, and even directly asked Rockefeller if he was willing to come to work for him.
"This old Daly is not a thing!" Tuttle scolded softly and threw the pencil in his hand on the desk casually. The pencil rolled and touched the desk calendar on the desk. His eyes were also brought to the desk calendar by the rolling pencil. On the desk calendar was written the following line:
"Every five cents counts because it's the interest you earn on a dollar that's been put in the bank for a full year."
This sentence was written here by Tuttle himself a few days ago, and the reason for writing this sentence is a conversation between him and Rockefeller.
"Mr. Tuttle, you see, Mauss owes us five cents, which should be recovered by the end of the month according to the contract."
"Very good. However, it is not worthwhile to charge 5 cents once, and it is easy to hurt feelings. You are an old customer, so you can't be too concerned." Tuttle replied to Rockefeller casually.
"Mr. Tuttle, it can't be more than this month. Our accounts will be messed up next month. Besides, business is business, friendship is friendship, and it won't hurt feelings." Rockefeller said calmly.
"Young man, are you teaching me?" Tuttle said, visibly displeased by his words.
"No! Don't get me wrong, Mr. Tuttle. I just think I must report what other companies owe you. Besides, five cents is a dollar a year in interest."
The phrase "5 cents is a dollar a year's interest" struck Tuttle and made him wonder if he had lost the serious spirit he had when he started his business. So he wrote this sentence on his desk calendar to encourage himself.
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"So, how much are you going to pay him a week?" Tuttle asked.
"What do you think of $6 a week? I know that's a bit high for a newbie, but this little guy can do better than most of the old folks, you can see that, and I think old folks too. There is no dissatisfaction." Hewitt thought for a while and said.
"Yeah, he's worth the price," said Tuttle, "but, you know, my friend, we've let him take nearly two months off his probationary period, and that's a lot of money. Well, it's in the tens of dollars. And...and if that kind of salary keeps him, it's a good deal, but...Hewitt, you think he's going to stay with us honestly. in the company?"
"You're saying other companies are going to dig our heels?" Hewitt didn't quite understand what his partner meant.
"No, I'm saying that he is not a person who can be an honest employee. A person who only wants to be a hired employee may also be very down-to-earth and work hard, but he will not take the initiative like him, so I think, as long as there is If there is an opportunity, he will start his own business. He is still young and capable, and then in the process of running the business, he will be able to gradually form his network of relationships, and the current economic situation is so good, that as long as there is start-up capital, it's not very difficult to start your own business. Therefore, the time when he leaves our company probably depends on when he can compile his network and when he can have enough start-up capital." Tuttle simply put his idea All told.
"Well, let's give him $5 a week first..." Hewitt thought for a while, then added, "Tuttle, you said if one day this guy has a fortune, and he also showed a very strong ability, can we just pull him in as a partner..."
...
"Okay, it's time, it's time for the eldest brother to read to everyone." After dinner, watching his mother clean up the tableware, turn on the lights, and the family sign the table again, Scrooge made a Vice said impatiently.
"Oh, right now," Carroll said, opening the borrowed copy of "Old Man Gao" (which Scrooge had picked out) and intending to start reading it to everyone.
"Wait a minute," said old Joseph, "I have something to tell your brothers."
"What's the matter?" Scrooge said, looking up at his father, and seeing his serious expression, he couldn't help but get serious too.
"It's about the future of the two of you," Joseph said.
"Scrooge, you're a smart kid. As far as being smart is concerned, your brother is not stupid, but compared to you, he's a fool." Joseph frowned slightly.
Scrooge raised his eyes to look at his brother, and he saw that Carroll laughed when he heard his father say he was a "dumb" as if not at all displeased by being put down, but Glad that my brother is smart.
"But Scrooge, you know? Your mother and I are not worried about Carroll's future at all, but we are very worried about your future." Joseph continued, "Carol will be a good shoemaker in the future. But you don't. Of course, if you're willing to be a shoemaker honestly, you'll be able to do it, even better than Carol. But your mother and I always thought you wouldn't feel comfortable being a shoemaker. Well, Scrooge, you tell us if we're right."
"Ah," Joseph's words were a bit unexpected from Scrooge, so he was a little bit caught off guard. After thinking about it, he felt that there was no need to hide this kind of thing from his parents and elder brother, so he planned to tell the truth.
"Dad, Mom, I don't plan to be a shoemaker. I want to open a factory and make a big business." Scrooge said.
"I knew it was like this." Joseph shook his head, "Of course it's good, but it's also very risky. I've heard the story your brother read these days, and I'm scared, especially those terrible evil plans, But, Scrooge, when I saw you hear those places, not only were you not afraid, but even your eyes glowed as if you wished you could join in. So I know you won't be a safe bet Shoemaker. I can only remind you here that you are smart, but anyone who drowns in the water can swim. If you are determined to go into a big business, be very careful... Our family is not a big deal. Shang Fu... In this way, this shop of mine will be left to Carol in the future. As for you, I have a deposit of about 4,000 US dollars. Although the shop is given to your brother, this money cannot be fully given to you. In the future, if you want to buy or sell, I can give you $2,000 first and leave the rest to your brother."
"Dad, it's not fair!" Kroll said.
"Carol, don't hold any grievances for your brother. In my opinion, you are your brother's insurance. Your brother may become rich or go bankrupt. If your brother goes bankrupt in the future, I hope your door will always be open. It's open to my younger brother." Old Joseph said, "Of course, if you make a fortune, you can't forget your elder brother."
"Yeah!" Carol nodded seriously.
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