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Chapter 65 The Internet Crisis Breaks Out

The Internet crisis came as expected. On March 13, 2000, the Nasdaq Composite Index plummeted 4%. It had been falling for more than a month and was still on the decline. Various reports came one after another, and many experts expressed their views on the crisis.

They say that the Internet, a virtual economy that is divorced from industry, cannot last long. The previous bubbles were all capital speculation. Now they are just back on track, and the Nasdaq index will continue to plummet.

The crisis talk triggered further declines in stock prices, and investment banks joined the sell-off, further exacerbating the bursting of the Internet bubble.

Strictly speaking, the experts' analysis is also correct. The formation of the Internet bubble is indeed the result of capital speculation, and it will indeed continue to decline.

The speculative behavior of major investment banks promotes the Internet economy and encourages all investors to join the Internet economy, constantly driving the stock prices of listed Internet companies to break records one after another. It’s just that stock investors are even more crazy. Many Internet companies’ annual financial reports

, they are obviously operating at a loss, but with the encouragement of major venture capital, these companies with more losses have become more valuable.

Even if a company loses money, its stock price can still rise, which in disguise has led to various Internet companies' squandering and constantly generating huge annual losses.

In the ever-expanding bubble, some venture capital investors saw the risks involved. Finally, on March 13, a large number of leading Internet companies sold their stocks, causing the stock prices to plummet by 4% that day. The remaining venture capital investors also saw the risks and started investing one after another.

Joining the sell-off ranks, the current sell-off still yields several times or even dozens of times the profit compared to the initial investment, and it is still too late to stop quickly. Therefore, a large wave of sell-offs appeared, and the chain reaction was uncontrollable. It caused

The panic of stock investors has resulted in no one paying attention to the stocks of Internet companies, and the stock prices have continued to fall, directly leading to the bankruptcy of some listed companies.

In the end, anyone who paid attention to the Internet was in panic. Many entrepreneurial companies closed down, and more elite people who were preparing to join the Internet industry were deterred.

Zhuo Ziyuan clearly knows that the Internet crisis will be over in three years at most. The surviving Internet companies will develop rapidly by then. The future will still be dominated by the Internet. He needs to seize this opportunity and survive in this wave of crisis.

, get a foot in the door before the Internet era really comes, and make a fortune from it.

Zhuo Ziyuan's first goal is Baidu, one of the three domestic Internet giants in later generations. If he wants to join the big family of Baidu, the currently known method is to invest in Hao123. Zhuo Ziyuan knows that he must firmly control

This website, he will rely on this website to invest in Baidu. But there is no rush now. The Internet crisis has just emerged and it will take some time to ferment. At least there will be news about the collapse of many companies and the stock prices of more Internet companies will plummet.

A sharp drop will cause further panic. I believe it will be much easier to talk to Li Xingping by then. As for the specific time, it depends on when the stock price will hit the bottom.

The second target is the companies whose stock prices plummeted during the Internet crisis. Zhuo Ziyuan knows very well which companies will survive to the end and will achieve outstanding development in the next ten years. If there is an opportunity to invest in these companies,

It will definitely be a sure profit without loss. At that time, just getting dividends every year will be enough. If there is no channel to invest in shares, then Zhuo Ziyuan can only rely on the stock market to buy the bottom and earn several times his profit. I believe that by then, this profitable

The amount is not small. If you invest two million US dollars, it will probably be ten million US dollars or more in two years. If you translate it into the country, you can be considered a billionaire.

The first two short-term goals are relatively simple to achieve. As long as Zhuo Ziyuan pays more attention to online news and US stock conditions, companies that want to invest in companies need to recruit people with investment banking experience to participate. It is best to set up an investment bank by himself. After all,

Zhuo Ziyuan, a major major company in the future, knows that establishing an investment company can also lead to long-term development in the future.

The third goal is what Zhuo Ziyuan is hesitant about, and it is also an idea that he has thought about for a long time. Chain convenience stores are definitely included in Zhuo Ziyuan's current plan, and corresponding logistics must also be established. These two industries

They are all inseparable from one thing, and that is management software.

The current convenience store software is very simple. It is not a management software at all. It is just a sales system. It inputs the prices of various commodities and then counts the daily sales. It is quite simple. This is also the mainstream software for small personal supermarkets and convenience stores.

.

Logistics management software is even simpler. Some logistics companies even use manual recording methods, which is extremely inefficient and has a very high probability of error.

Zhuo Ziyuan's idea of ​​management software is that a single convenience store needs to start from the purchase of goods, sales, inventory management, and losses are all summarized. Through the expected set threshold, the store manager can be automatically reminded to replenish the goods, and even this information is sent back through the network.

When you go to the headquarters, dedicated personnel from the headquarters can supervise and control. Through such long-term data analysis, you can understand the sales situation of various goods in various regions, so that you can stock up in a targeted manner. This way you can achieve maximum utilization of inventory and greatly reduce the waste of manpower and manual work.

Errors and loopholes therein.

Zhuo Ziyuan just wants to establish a professional IT team in the Internet crisis, based on management software, and develop in other directions. As for the future development direction, it is not a problem for Zhuo Ziyuan, who has been a prophet for nearly 20 years. Free.

Anti-virus software, shopping websites, group buying websites, online clothing, food, housing and transportation, etc., all have development prospects.

What Zhuo Ziyuan is worried about now is that his ability is not enough to control the huge group he plans. People need to be self-aware, and Zhuo Ziyuan knows his own abilities. In his previous life, he was just a middle-level manager, maybe managing convenience stores, logistics, and IT departments.

It was okay, but if he continued to develop, his abilities would definitely be insufficient. This also made Zhuo Ziyuan determined to study for further study.

Of course, your own shortcomings are not a dead end. As a boss, if your management skills are not good, then you can just find a professional manager. The problem is that top professional managers are not easy to find. Even if they are available now, why should they?

I'm here to serve you. You can't attract this kind of top talent just by relying on high wages. If you just talk about your long-term plans, others have to believe you, a high school student.

Although Zhuo Ziyuan hesitated, he was determined to continue the convenience store chain. When the scale becomes larger, logistics must also be involved, and management software must be developed. It is inevitable to build an IT team within a short period of time. The big deal is that the IT

The team only serves convenience stores and logistics. As for the future, let’s get started first.
Chapter completed!
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