Wu Chun: To Borrow Money And Start A Business Behind Brilliant Family Background

Wu Chun, who was promoted to "CEO", even though his father was a real estate tycoon in Brunei, he lived in a ten thousand foot mansion for a hotel business. But he said, "I don't like to use dad's money!"

He abandoned the two generation's luxurious life, preferring to borrow money from the bank to open up his head, and to fight the world with his hands.

Wu Chun, who worked as a fitness instructor, opened first fitness rooms 3 years ago in the The Mall, the largest shopping mall in Brunei, called "Fitness Zone".

News: second new stores were opened on Sunday. The site is located in a newly developed shopping mall, Seri Kiulap Mall. The new store occupies 3 floors, is twice as large as the old shop, and has a huge basketball court and swimming pool. It has become the largest fitness room in Brunei.

Wu Chun, who is the CEO of the fitness room, has spent 3 years in the preparation, and has been trained by him.

Why do I have a liking for this business in the fitness room, Wu Chun explained. "When I was studying in Europe, I had a good habit of fitness, went to many places, had seen many fitness rooms, and found that the industry had something to do.

Healthy life is very important to everyone. Sports can not be absent. So first years ago, 3 years ago, the results were very popular.

At the age of 19, he started to start a business in Brunei, opened a coffee shop and a billiard room, and all the cards were designed by him. Unfortunately, later, he had to sell to others because he had no time to go to Taiwan.

He asked whether his father's heredity made him love to do business.

Wu Chun laughed and said, "I don't know!

It could be!

In fact, I am in fact good to save money, I am a very want to enjoy life, and will soon plan to live later, so now I will make money desperately, even more hard OK, but I have a principle of investment, is not familiar with the absolutely not.

The first thing to do is to be a No.1 Wu Chun's father in Brunei, which is one of the invisible rich.

However, Wu Chun insisted on not living on his father's lips. He often hung up and said, "I don't like to use dad's money!"

When Wu Chun opened first fitness rooms 3 years ago, he borrowed 1 million 300 thousand Hong Kong dollars from the bank. When he opened second more rooms, he borrowed more than 2 million 500 thousand Hong Kong dollars from the bank. No wonder he cried to reporters: "borrowing a lot of money from the bank, the pressure is really great, so we need to redouble our efforts to make money!"

Did the father say that he wanted to help him?

Wu Chun admitted: "he (DAD) knows my personality, from small to large, I do not like to use his money, at the age of 13, I have already saved money, my father gave me pocket money every month, usually I will only use half, the remaining half will be stored up, because I will travel once a year, the money will be left to Shopping, so that no longer need to ask his father for money."

At present, the first and second fitness rooms are only 10 minutes' driving distance. News: it is inevitable that they will be "beating themselves".

Since there are still 2 or 3 years of tenancy in old stores, only the old ones have been returned to business. The old shop has already returned to the market without worrying too much about the business volume. The new store also expects to return it in 2 to 3 years.

It is not easy for Wu Chun to say that he wants to do business in Brunei, because Brunei has a relatively small population and only about 300000 people. When doing business, there will be "follow suit" in many cases. The result will be a failure due to oversupply.

Wu Chun's strategy of doing business is to "do or not do the best."

Today, his fitness room has become Brunei's No.1, the largest area and the most complete facilities. He said proudly: "to become my competitors, I must be bigger than me."

Basically, Brunei shops generally close at 10 in the evening, but Wu Chun's fitness room is open until the early morning, which is equivalent to an international fitness room.

The charge is not too expensive. The monthly fee is about HK $500. Up to now, the shop has been open for 1 weeks, and the business volume has also satisfied him.

Most of his satisfaction is that many members have told him that the fitness room has become their second home. Apart from doing sports, they use other fitness room facilities such as surfing the Internet and reading books.

The CEO is also the head of the accounting department. He takes charge of the accounting department. He goes to the ocean to take care of his accounts. Every 4 days his colleagues will give him the Email of the fitness room, from the membership fee to the daily expenses, and Wu Chun will know everything. So his laptop will follow suit at any time. As to whether his father has helped him to manage it, Wu Chun said frankly, "my father is a big business, and will not take care of this!"

Although the father did not use his father's money, he always went on the "father and son soldier". Wu's father's hotel was also located near the fitness room. The opening day was also on the same day. As long as he patronize Wu's father's Hotel, he could use Wu Chun's fitness room free of charge and gain publicity.

As the opening day of last Sunday, the occupancy rate of Wu's father's hotel is 100%, all of which are wrapped by Wu Chun's Fans around the world.

Originally, Wu Chun wanted to stay in Brunei for 1 months to follow up the business of the fitness room. Unfortunately, too much work was done, and the manager company had urged him to return to Taipei.

Wu Chun's father Wu Jingtian, who runs real estate in Brunei, owns many lands, and has entered the hotel industry in recent years. In the center of the city, he opened a "Palm Garden Hotel". It belonged to a medium-sized hotel. There were 46 rooms and the charges were very common. The rent was about 66 Brunei yuan a night (about HK $450) from the opening to September 31st.

Wu Chun's family also lives in the urban area. The villa with 4 storeys and over ten thousand feet has a market value of 8 million Brunei yuan, about HK $50 million, and there are more swimming pools and basketball courts inside. The security is also very strict. Besides 4 vicious dogs, there is a security guard who plays Thai boxing.

A low profile Wu dad interviewed reporters.

Wu Fu, who has always been very low-key, saw reporters coming from far away, making a rare visit to reporters, praising the love of his business mind: "I am very happy to see him own his own business, manage well and seriously."

(have you taught your business experience?)

"No, do it by himself!

When your son is older, he should have his own business. "

It is known that Brunei people are popular with early marriage. They will become a family when they are 25 years old. Wu Chun has already passed this age. Wu's father, who is very open minded, is not in a hurry. He laughs, "Brunei begins to marry late. He can choose slowly.

What are the requirements for future daughter-in-law?

Ah Chung's intention is OK! "