These ceiling fans don’t sell very well but they are not bad either. However, they are expensive and few families in rural areas can afford them.
Even in the city, it is good to be able to buy a table fan, and it is still difficult to install a table fan in every room.
The reason for the high cost is that all fan components are made of metal. If they are replaced with plastic, the cost will be greatly saved.
In particular, if the fan blades are replaced with plastic, the wind speed will not be affected, but the cost can be saved a lot.
After visiting Xiangnan, I felt that there was no major problem with this factory. The fans it produced were okay, and the sales were not bad either. The profit was several hundred thousand a year.
However, if we do not reform, we will run into bottlenecks and eventually be eliminated.
Xiangnan made a plan based on the financial situation given to her by Director Liu.
Mr. Huo thought that he would have to wait two days for Xiangnan to hand him the schedule, but Xiangnan gave it to him the next day.
This was a very simple matter for Xiangnan. After all, she had business skills in her later life, and she was also a person who had read the book and understood the plot.
Know all the information of this era, what to do to make money, and what preparations need to be made in advance to make a fortune.
Mr. Huo glanced at her schedule and said, "Tell me where the money is going to come from if we want to expand the factory."
"With 100,000 yuan in the account, it's enough to expand the factory and add an injection molding workshop. Moreover, after doing these, the cost can be saved, and the required expenses can be reduced. There is no shortage of money.
The reason I'm short of money is that I want to recruit talented people. After recruiting talented people, I want to send them abroad to learn technology. We who make electrical appliances certainly cannot just make fans. Fans are not as good as air conditioners.
Most people can’t afford air conditioners nowadays, and they are all imported from abroad. We have to have our own air conditioners.
If Grandpa can’t invest anymore, I’ll have to find a way to get more money.”
"How are you going to get the money?"
"Financing. Grandpa, do you think my plan can attract investment?" Xiangnan asked with a smile.
Mr. Huo disagreed: "Our factory is doing well now. There's no need to attract investment. If we bring in money, we'll have more problems."
"That's inevitable. The factory's technology is not up to par right now. If we want to develop better, we have to introduce technology. Making our own air conditioners is a must.
We can continue to produce fans, and we don’t need to compete with other domestic manufacturers for the market. I want to sell them overseas, preferably by cooperating with companies on the other side of the strait.
Grandpa, if the company wants to grow bigger and stronger, it needs to attract capital and raise funds. It can’t support itself alone.”
Mr. Huo felt that this factory was not a big business, so he did not want to raise funds for it, as it would cause a lot of trouble if other people got involved.
He just wanted to give it to Xiangnan to test the waters, but he didn't expect that she had such big ideals. She wanted to expand the factory, raise funds, make it bigger and stronger, and also sell it overseas.
Such a small factory...
"Grandpa, now that you have given me the factory, I am the one who makes the decisions. My schedule is for you to see, and you can't interfere with my decision." Xiangnan said bluntly.
She was confident that she could build the factory, but there couldn't be any obstacles. If there were any obstacles, she would not take the job.
"Grandpa, believe Xiangnan. It's just a factory, and our family can afford the loss."
Xiangnan glared at him and said, "Brother Huo, do you believe me or don't believe me at all?"
Huo De squeezed her hand and said, "Of course I believe you. I'm just afraid that grandpa won't believe you."
"Alright, alright, now that it's your turn, just do it your way. But it's not an easy task, so be prepared to endure hardships."
Financing is not that easy to raise, and when others get involved, there will be a lot of requirements. Xiangnan can do it if he is willing to do it.
"Hehe, Grandpa, my factory is backed by the Huo family, so it shouldn't be too hard."
Mr. Huo said unhappily, "Didn't you take over it yourself? Why do you have to involve the Huo family?"
"It's a waste not to use the help. I have the Huo family as my backing, so why didn't I say it? We should make use of all the resources we can."
Xiangnan doesn't care. Her factory belongs to the Huo family, and she is also the granddaughter-in-law of the Huo family. Why can't she take advantage of it?
Do you think you are capable by working so hard to raise funds?
All resources are a kind of strength, and having background and backing is also strength.
Xiangnan quickly took Director Liu to find several companies that already had cooperation with the factory, including those that provided materials and department stores that did sales. She tried every way to persuade them to raise funds.
Xiangnan bought another factory next door that was about to move away and set up an injection molding workshop there. He hired a large number of workers, including those for production lines, management, and the most core technical talents.
Xiangnan personally went to various colleges and universities to recruit people, especially universities of science and technology, but many people wanted to be directly assigned to public institutions.
Xiangnan thought that the universities in Shenzhen and Yangcheng were not good enough, so he decided to recruit from universities in the north. After all, money and salary were not a problem, as long as they had real skills.
She even wanted them to invest in the technology.
Just when Xiangnan was having a headache about recruiting people, Director Liu told her: "There is a very capable person who left the original factory and is looking for a job. He wants a very high salary and several companies are interested.
If you don’t mind the high salary, you can go talk to him.”
After all, compared to some other factories, Xiangnan has the Huo family behind her. Others believe her promises, and she can still ask the Huo family for money if she can't pay.
"Sure, do you know where he is? I can visit and talk to him."
The man who asked for a high price came from the Dongfeng factory. Xiangnan knew as soon as he heard that he was a capable person.
Dongfeng was indeed very strong in this era, but later it gradually faded away because it failed to keep up with the reform.
This person had different ideas from those inside. He advocated innovation, but his superiors were unwilling, so he left.
Isn't this just like someone falling asleep and then diving into your pillow? Xiangnan wants this kind of bold and sharp-witted person.
Xiangnan met Jiang Bo and talked to him about some of his ideas. Jiang Bo felt that he was indeed a young man with bold ideas.
"If you really want to develop this way, I will definitely follow you. Let's grow bigger and stronger together! I believe our factory can grow stronger."
Xiangnan gave Jiang Bo a high salary of 100,000 yuan a year and asked him to join the factory as general manager to manage the company. He mainly helped recruit talents and was responsible for sending them abroad to study electronics and then return to serve the country.
Jiang Bo was also very capable. After joining the factory, he began to lobby everyone he knew. He had a wide circle of friends and knew many people in the Shenzhen Stock Exchange. In less than a month, the funds flowed into the factory.
Mr. Huo spent more than half a month in Guangzhou. When he returned to Shenzhen, he saw that all the funds had been pulled in to the south, the new factory had been bought and built, and the injection molding workshop had already started production.
This speed even shocked Mr. Huo.
He called Huo De and said, "Your wife is really amazing. She completed all the plans in one month. Let's see if she can make money."
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