Chapter 119 Old Chen’s Wisdom

Chen Anan changed into a white training suit.

He was quite conspicuous standing in the crowd, and his little fists could probably squeeze some water out of the sponge.

I've used up all my energy to breastfeed.

There are more than twenty elementary school students in the class, and there are only two classes every afternoon.

Just practice, practice.

Girls should always have some martial arts skills so that they can protect themselves in the future.

Chen Pingsheng also assigned Chen Qi a small task. He certainly couldn't pick her up from school every day, so this great task could only be handed over to his sister Chen Qi.

Fortunately, she didn't have anything important to do all day long, so she could be used at will.

He will also study for three days every month next month and is looking forward to it.

Time flies, and it is late July in a blink of an eye.

After Chen Pingsheng completely upgraded and renovated Tengsheng, he also made a series of adjustments to the headquarters.

The first step was to set up two independent departments: vegetables and fish and meat.

In addition, a purchasing department and a market research department were established.

To put it bluntly, the fluctuations in vegetable prices are too great, and there is a huge room for improvement in purchasing.

The stores he will open in the future will definitely be big and numerous, so we must pay close attention to this aspect.

Otherwise, any kickback would be hundreds of thousands or even millions.

There is no need to worry about fruits, as Lao Guo, one of the major shareholders, is at the wholesale market every day.

No matter how big the fluctuations are, he can clearly see everything and tell if there is anything fishy just by looking at the purchase order.

Liu Jing, Zhang Tao and others are also experts in this area.

Vegetables are completely different. In addition to finding large suppliers for long-term cooperation, the most important thing is to avoid corruption or high kickbacks by purchasing department staff.

He can pay his employees extremely high salaries, but he has absolutely zero tolerance for this kind of thing.

To this end, he specially developed a set of countermeasures in the company to prevent procurement corruption.

It's very simple.

There are two groups of people: those responsible for purchasing and those responsible for procurement.

Once someone finds out that someone has taken kickbacks or quoted a false price to take advantage of the profit margin of the purchase.

As long as you report it, no matter how much he takes, it will all be yours.

Even if it turns out to be 10 million, Chen Pingsheng will give it directly to you, the whistleblower.

This may not be easy to understand.

It is much simpler within the system. It is about reporting whether the people above or colleagues around have received money illegally.

As long as you find out, no matter how much he collects, it’s yours.

You can also sit in his seat.

In this case, who would dare to reach out easily?

If someone around you finds someone collecting money illegally, don't even think about asking them to cover it up for you. They will definitely report them.

This is about getting rich.

In order to avoid problems in the purchasing section, he not only set this one rule, but also the whistleblower could receive a commendation from the company in addition to receiving money.

You can upgrade after accumulating three times.

In a word, reporting will lead to promotion and wealth.

He didn't believe that anyone would dare to reach out easily in this situation.

Once the loopholes in the purchasing section are filled, the gross profit of vegetables and meat will be much greater than that of fruits.

It's like a fish, which costs 2.5 yuan when bought in the vegetable market but is only sold for 4 yuan per catty.

There is no doubt that the seven-measure scale can only give you eight ounces at most.

Vegetables are even more expensive, and normally the price increases by two to three times.

Unless the purchase price is particularly high.

Generally it is several times more.

There is no way, the losses are frighteningly high.

Chen Pingsheng still insists on the model of small profits but quick turnover. The gross profit of seasonal vegetables, which are the best-selling ones, shall not exceed 50%.

50% is twice the purchase price.

The price of popular fish and meat products shall not exceed 30%.

The price is definitely much lower than that in the vegetable market.

He wants to build a full-category fresh food supermarket that will truly win the praise of consumers.

To do this, he must prevent any massive corruption that may occur in the purchasing sector.

Ten million yuan was invested in the Second Ring Road, and the renovation can be completed in half a month. Combined with the on-site entry, it is expected to be opened before mid-August.

After finishing his work here, he went to Feiyangyang.

Up to now, Feiyangyang has invested a total of about 40 million.

There are now 15 stores in operation, with a total investment of 30 million yuan.

Another 10 million was invested in the Feiyangyang headquarters training academy.

With the traffic support from Tencent, Feiyangyang became one of the earliest Internet celebrity stores.

Plus, the price is so low that even young people living in the second ring road can’t even imagine it.

A family of four or five can go there to eat and have a good meal for just over one hundred but less than two hundred yuan.

It’s a big store with such a good environment.

Once the word-of-mouth effect came out, the business naturally became popular.

I originally felt that it would not make any money because the price was too low and the rent and labor costs were too high.

Who knew that I could make money every month because of my popularity?

The fifteen stores combined can only make five or six hundred thousand yuan a month.

It is far inferior to a single store in Shuiyunjian.

Chen Pingsheng was very satisfied, so he specially raised the wages of the service staff again.

Especially the head chefs of major stores, on top of their already high salaries, will receive an additional 3,000 yuan increase each month.

Others raised their prices by five hundred to one thousand.

To be honest, what he wants to play this time is the capital game. Since he doesn't make money from profits, he might as well give all the profits to the employees who work for it.

But don’t think that Gao Hu doesn’t make money.

First of all, his personal annual salary is 1.8 million.

Secondly, the 15% of the original shares he holds, if calculated based on the current valuation of 500 million, would be 75 million.

This is how the game of capital works. Unless one cannot reach the last step, he will definitely become a billionaire in one step.

This is something he could never achieve even if he ran a hot pot restaurant in Shacheng for his entire life.

The reason why these brothers who came here were willing to listen to him in everything was because he could lead everyone to become rich.

Think about it, I could only make 200,000 yuan a year.

Then suddenly you can earn two million a year, except for a very few self-righteous people who think everything is due to their own ability.

Most people will listen to you and do what you say.

Being wrong is also right.

Feiyangyang spent a long time exploring chain operations.

After all, Gao Hu had no experience in managing more than a dozen stores, so he went to Zhang Tao and others for drinks every day to ask for advice.

Actually, opening a store is the hardest part, as you have to do everything yourself.

When I opened the third store, I felt a little overwhelmed. Every day I was like playing whack-a-mole, dealing with problems wherever I found them.

It got much better after the fifth one.

Everything has standards, so just follow them.

According to Zhang Tao and others, Tengsheng Fruit was actually started by Lao Chen alone.

At that time, the company had grown big, and he said he wanted to give shares to the management. Everyone felt that it was unnecessary to make so much money.

What happened later? It turns out that Old Chen has a far-sighted vision.

If half of the shares had not been distributed to the on-site shareholders, who knows how many Tengsheng Fruit companies would have gone bankrupt.

It can be said that the reason these people can sit safely in the headquarters is because the people below are trying their best to guard every store for you every day.

Of course, Lao Chen also made money with them.

This is the premise.

Long before, Tengsheng had many stores that could not be run no matter what they did, and it was useless for the shareholders on the scene to cry in frustration.

Later, Lao Chen closed all the stores, refunded all the shareholders' investment capital, and paid them double their wages.

He took it all on his own.

After a series of investigations, I found that there is indeed a Feng Shui concept when opening a store.

They couldn't make those stores work. They changed countless stores over the past decade but none of them succeeded.

Everyone understood it later. Next time you look for a store, you must ask people nearby first.

Just avoid such unlucky shops.

To put it bluntly, the investment for a Tengsheng fruit shop is 1.5 million.

Even if you only get 20% as a store manager, you still have to invest 300,000 yuan.

Once they suffer a loss, it is actually not affected much, after all, they can get hundreds of thousands of dollars every month.

Those store managers who work as part-timers are no good and have not been able to make a comeback in several years.

So later, Lao Chen came up with a policy that as long as your on-site shareholders have tried their best but the store still fails to succeed, the headquarters will bear all the losses.

The key point is that Lao Chen had previously allowed shareholders who could not afford to pay to invest half of the shares. To put it bluntly, he was treating them with sincerity.

Only then will the people below be truly willing to pay for them.

Over time, we found that Tengsheng's development was getting better and better.

The same goes for Feiyangyang. Why did he set the employees' salaries so high? When he knew there was no profit, he simply cancelled the dividend and changed it to year-end bonus.

Still treat each other with sincerity.

To put it bluntly, people nowadays are not stupid. If your boss treats them sincerely, they will also treat your company sincerely.

Isn’t it a clear proof that after Lao Chen discovered that Feiyangyang could make money, he directly distributed 90% of the profits to the employees?

His philosophy is that you cannot be a boss who has everything you want while the people who follow you cannot even make a living.

He can't even afford to marry a more exaggerated wife.

After several months of humbly asking for advice, Gao Hu finally grasped the core of the matter.

I can also understand why Lao Chen set such high employee benefits before.

It’s really easy to manage.

It is completely different for an employee to solve a problem for you spontaneously and for you to force him to do it.

Although Feiyangyang's business is booming and everyone is busy, it's really a happy job.

The starting annual salary for a chef is 200,000, and the minimum for a waiter is 8,000.

Not to mention the management, they are absolutely very satisfied.

In this case, if you want to open a branch again, everyone will work together to help you.

Not to mention that Feiyangyang also hung a big star there.

With Tengying constantly supplying large amounts of traffic, if you still can't handle this, you, Gao Hu, really have no chance of getting rich.

Don’t even mention how glorious it was in Shacheng before, when I made tens of thousands a year.

Look at Old Chen’s eldest daughter, Chen Anan. She spends hundreds of thousands of dollars every month.

Buy a bunch of junk.

Logically speaking, Old Chen also rose from the same background as them and suffered countless hardships, so why should he raise his daughter in such a wealthy way?

Zhang Tao didn't understand at first. He even clearly remembered how obedient Chen Anan was when they were in that small rental house.

When her parents went out, she was alone at home, without crying or making a fuss.

He didn't open the door no matter who came, and only jumped for joy when his parents came back.

It was only after Lao Chen explained it to him that he finally understood.

An An is already the daughter of a wealthy family, she no longer just has a father who sells durian on the street.

My mother is not a customer service representative who answers the phone every day.

She now has to adapt to her new identity. Once she gets used to this kind of consumption, she won't be seduced by money and material things when she grows up.

To put it bluntly, only those who have no money will be easily attracted and tempted by material things.

After becoming rich, especially for someone who has been spending money lavishly since childhood, material things are no longer a big deal to her.

At that time, she will truly pursue what she wants.

Lao Chen also said that when he was a child he wanted to be a basketball player or even a singer.

But do you think he still has dreams after he gets married?

My only dream is to make money, and that's all I can do.

He didn't want Chen Anan to grow up, he would rather she pursue her dreams without achieving much.

Even if this dream is unreliable, or even seems unpromising to outsiders, as long as she likes it, that's enough.

At least, she lived for herself in this life.

Look at the awareness of Old Chen when he said this. We can't compare to him at all.

An An has always been his most beloved, so he can buy her whatever she wants now.

Even if you buy it and throw it away directly.

Old Chen wouldn't say anything either.

Because his family no longer lacks this, what they lack is just to let An An adapt to his new conditions.

Once she truly adapts, she will no longer engage in retaliatory consumption like she does now.

Mr. Chen teaches his daughter in a long-term way.

It also allows them to truly understand what it means for parents to have long-term plans for their children.

He can see really far.

I don't care at all how she spends money now, I just hope she can live the life she wants when she grows up.

It's the same even if you change the example, Old Chen's sister Chen Yao.

That's the one who took care of him since he was a child.

Now he has opened a small shop for his elder sister. Is that not good for his elder sister?

No, it’s about being content with a small fortune.

For his eldest sister, earning 50,000 or 60,000 yuan a month through her own labor is the happiest thing.

If you really want them to earn millions or even tens of millions every month, they will definitely not be as happy as they are now.

Being able to make such thoughtful arrangements for your elder sister is true family love.

In short, you, Gao Hu, want to manage Feiyangyang well.

It’s right to listen to Lao Chen. Just do what he says, and even if he makes a mistake, just follow his lead.

As a result, you will most likely get what you want.

If you insist on forcing your own ideas, it will most likely backfire.

Although Lao Chen grew up with them, their wisdom is really not on the same level.

This is also what Zhang Tao said the most.

Zhang Tao is where he is today, a country bumpkin from another place living a decent life in Beijing, even better than the locals.

Anyway, I rely on Old Chen, and it will probably be the same in the future.

(End of this chapter)