How did Ma Yun start his business?

1992, Ma Yun, who was still teaching at the university, founded Haibo translation agency with his colleagues. This is the first professional translation agency in Hangzhou. Translation agency has a registered capital of 3,000 yuan, and all employees add up to 5 people.

At the beginning of the business, it was not smooth. The rent is 65,438+0 per month in 500 yuan, but the turnover in translation agency in the first month is less than 1000 yuan. Translation agency's employees were shaken by the situation of living beyond their means, but Ma Yun firmly believed that translation agency could go on. In order to maintain the operation of translation agency, Ma Yun often carries sacks to Yiwu to wholesale small gifts and then sells them on the streets of Hangzhou.

Seeing that the business of small gifts is booming, some colleagues in the company suggested that since selling gifts can earn three or four thousand yuan a month and translation agency can only earn several hundred yuan, why should he continue to be a translation agency? Simply set up a gift company and transform. But Ma Yun refused. He said that although there is no money for the time being, there will be demand for translation and it will be successful. Now, Haibo translation agency has become the largest translation agency in Hangzhou.