"But Sister Li, the profit sharing I mentioned earlier refers to the net profit of Jin Studio after deducting costs from all its own revenue. You will not receive any profit sharing from Zitai Fashion and the studio."
Ye Qing emphasized it again. Seeing Li Yeming's face suddenly darken, Ye Qing knew that Li Yeming hadn't been listening carefully to what she had just said.
"you……"
When Xiyue heard Ye Qing say that, she made a thankful expression, as if she hadn't said anything.
Indeed, Ye Qing had explained things very clearly, but Xi Yue hadn't listened very carefully. The solution she and Ye Qing had agreed on was to distribute profits to Li Yeming. Xi Yue thought that the details would be written in the contract and they would discuss it later.
Who knew Ye Qing meant that? After thinking back on Ye Qing's words, Xi Yue realized that it was indeed true, and she no longer wanted to speak.
The smugness in Li Yeming's eyes had vanished, and she frowned as she looked at Ye Qing.
Fearing Li Yeming might not understand, Ye Qing made her point even more clearly: "I already said it, but Sister Li, I don't know if you didn't understand or overlooked something, so let me explain in more detail. As far as I know, your studio's net profit after deducting all costs last year was 700,000. Based on that amount, your bonus would be 30% of 700,000, which is 210,000. In other words, if the studio's net profit is still only 700,000 by the end of this year, then you will receive 210,000. Of course, if your studio's net profit is higher by the end of this year, you will receive even more bonuses."
After hearing Ye Qing's explanation, it became even more intuitive, making it hard for Li Yeming not to understand.
If you only consider the studio's net profit, the amount is very small, because most of the studio's costs are actually covered by Zitai Fashion. Although Ye Qing just said that 700,000 is the net profit after deducting costs, Li Ye knows that Zitai Fashion also covers the rent, utilities, and other expenses. Zitai Fashion also covers most of the studio staff's salaries. Otherwise, the studio wouldn't have so much profit.
So it's not bad overall, but people are greedy. Who would want to get less money if they could get more? So Li Yeming was actually thinking of including the profit sharing from Zitai Fashion.
Ye Qing, of course, understood Li Yeming's meaning. Before Li Yeming could speak, Ye Qing cut him off: "Sister Li, I understand. Nobody dislikes having too much money, but you also need to understand whether you can earn that much. Last year's net profit of 700 million was earned under your management. This didn't even include the rent, utilities, or even your colleagues' salaries, because it was Zitai Fashion that covered them. The dividends that Zitai Fashion gives to the studio are actually mostly used to cover basic costs such as rent and utilities. Do you know how much your studio's rent is in a year?"
Previously, Li Yeming's studio was a small tailor shop. After signing with Zitai Fashion, it moved to its current location. Although this place cannot be considered the exact city center of Nancheng, the annual rent for commercial storefronts in this area starts at 100,000 yuan.
The 100,000 is just for rent. Because it's for commercial use, electricity and other bills are also calculated at commercial rates. The studio is open from 9 a.m. to 9 p.m. and needs electricity all the time, so the electricity bill is quite substantial. Oh, and there's also the salary...
Li Yeming was good at calculations and immediately understood which choice was the right one.
She felt more resentful than anything else; this was so different from what she had expected.
Ye Qing didn't care whether Li Yeming was willing or not. She said, "After you withdraw from all the management of the studio, you can compare how much net profit the studio will make by the end of this year."
Another rather harsh statement is that Li Yeming comes to the studio every day, but the studio's profits are not very good in comparison. He can stay at home and do nothing, and still get dividends every year. Why refuse?
Although Ye Qing didn't say it aloud, Li Yeming had already figured it out. After struggling for a long time, he nodded.
Seeing that Li Yeming had agreed, Ye Qing quickly winked at Xi Yue: "Find a lawyer to draft the contract."
Xi Yue nodded: "Right away."
As Xi Yue stood up, Ye Qing also stood up and went out with her, afraid that if she stayed a few more seconds, Li Yeming would change his mind.
Originally, a lawyer could have come to the studio to discuss the matter, but Xi Yue and Ye Qing had similar ideas and were afraid that Li Yeming would change his mind again, so they didn't give Li Yeming a chance.
Since it was on the same route, Ye Qing walked with Xi Yue.
On the way, Xi Yue couldn't help but exclaim, "Ye Qing, you're amazing! I'm truly impressed by what you and Li Yeming discussed today. Your skills are incredible."
Faced with Xi Yue's praise, Ye Qing smiled, not really caring: "It's just that the time is right. Li Yeming has dragged it out for so long, she doesn't want to drag it out any longer. She also knows that if she drags it out any longer, she won't have any leverage left."
Moreover, she had completely offended Jiang Xinya. After all, writing that letter to Jiang Xinya was tantamount to betraying her completely. Jiang Xinya would not treat her well after she came out, so she could only pin all her hopes on the studio.
According to Li Yeming's original intention, her arguing with you was more likely because she regretted not splitting up the studio and no longer wanted to mention terminating her contract with Zitai Fashion. However, things have escalated to this point, and she can't bring herself to say no, since she knows it's not good for her to go back on her word. So, she's thinking of raising the price, but unfortunately, she doesn't have any leverage to do so.
What Ye Qing said was true. Although Xi Yue could guess some of it, she didn't achieve the same effect as Ye Qing when she talked to Li Yeming.
Taking advantage of the conversation, Ye Qing hesitated for a moment before speaking to Xi Yue: "Xi Yue, after Li Yeming withdraws from all management and operations of the studio, everything here will depend on you... you..."
Xi Yue quickly understood Ye Qing's meaning: "I understand. I will try to double the studio's profits by the end of the year. Even if it doesn't double, it should be at least more than 700,000 compared to last year, so that Li Yeming won't have a chance to complain."
Since Xi Yue understood, Ye Qing didn't continue. After all, they were of the same generation, and Xi Yue was even older than Ye Qing, so it wouldn't be good to say too much.
"Keep it up." And so, Ye Qing's thousand words were reduced to a single sentence.
“I will. Now that you’ve ruined my chances, there’s no reason for me to remain mediocre.”
Afterwards, Ye Qing emphasized to Xi Yue the key points of having the lawyer draft the contract, stressing that Li Yeming must not be able to find any loopholes.
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