Chapter 692: There is gain only after loss: No one in this world is immune to this
"I suddenly feel that it would be a good thing if Storybrooke didn't go public."
Tang Qing whispered as they left Storybook Town. Storybook Town was developing very well, but she was worried that it would change its original intention after going public.
"I don't want to take Storybrooke public either. But in this world, no one is immune to change. The bigger a company gets, the more it has no control over its own affairs."
Su Yang sighed. Who would be willing to share if they could eat alone?
Tang Qing nodded. She understood this. If you only cared about the business, you would offend too many people. The bigger your business became, the more people you needed to bring on board.
Other companies are like this, and Qingyao Group is no exception. In fact, Qingyao Group is already quite independent now. Many people are afraid of Su Yang and Tang Zhengyang, so they dare not reach out.
However, as the Qingyao Group's pie gets bigger and bigger, and Tang Zhengyang is expected to retire in a few years, Qingyao Group can no longer eat alone.
The cake has to be divided, but dividing the cake does not mean that Su Yang and Tang Qing will get less. Because once the company goes public, the cake on the plate will be bigger, and Su Yang and Tang Qing will get more. This is the capital market.
"Let's take it one step at a time. We already have enough right now. Besides, although Once Upon a Time plans to go public, it won't be able to do so this year."
Tang Qing smiled and said that although Storybook Town planned to be the first to go public, regulations prevented it from going public this year. This was because Storybook Town had only been established for less than two years.
According to the regulations of the China Securities Regulatory Commission, a company must be established for at least three years before it can apply for listing.
Therefore, it will take at least one year for Storybrooke to go public from its current plan to its successful listing.
There are many things that need to be done, and it is very troublesome for a company to go public. But fortunately, the data of Storybrooke is very good, which makes many things simpler.
Fairytale Town is the first subsidiary of Qingyao Group to go public. Following its IPO, other subsidiaries may follow suit. However, they will not go public in a rush, but will proceed one at a time at a steady pace. As a subsidiary of Qingyao Group, it will be best to go public later if possible.
"Don't overthink it. Even if Storybrooke goes public, the management of the company will still belong to us. We'll publish the data openly and transparently then. We'll put everything out in the open, making it crystal clear so that shareholders can rest assured. The company's operating policies won't change..."
Su Yang and Tang Qing walked and chatted. As for what would happen to Storybrooke after it went public, neither of them speculated. Besides, for them, going public or not didn't make much of a difference. They already had more money than they could spend, so much that it had become nothing more than a string of numbers.
Storybrooke continued to expand, and everything began to develop smoothly. While the company thought going public was cool, they didn't prioritize it. They didn't make any special financial adjustments or try to make their financial reports look better.
Instead of doing so, they did the opposite. The current development mission of StoryBible is to allow the StoryBible brand to form its own closed-loop industrial chain.
From design, production, sales, to after-sales service, we provide a complete one-stop service. We design, produce, sell and provide after-sales service by ourselves.
We have our own physical store, official mall, factory, design center and after-sales service center.
Once this closed loop is built, the cost of Storybrooke will be further reduced, and this reduction will form a virtuous cycle.
The lower their costs, the lower their prices. The lower their prices, the better their sales. And when their sales improve, their costs drop even further.
Under this virtuous cycle, the sales volume of the Once Upon a Time brand will increase, and its market share will continue to grow. Although the impact of Once Upon a Time on high-end brands may not be significant, it is a devastating blow to very small brands or so-called private label products.
Because the products in Storybrooke might be even cheaper than theirs. For example, when you find clothes in a physical store are cheaper than those sold on the street, and the quality is good, and there is after-sales service, who would be so stupid as to buy them from the street stalls?
This is the routine in Fairy Tale Town now. A pair of shoes costs dozens of dollars, a piece of clothing costs dozens of dollars, and some products are even cheap at single-digit prices.
Moreover, the quality is good, there is a brand effect, there are physical stores, and there is after-sales service. With such products, why would ordinary people go to the streets to buy those brands they have never heard of?
The rise of Storybrooke has taken away a lot of street stall businesses and also shut down many small children's clothing stores.
Some owners who previously opened their own shops have now become employees of Storybook Town because they have work experience.
What's even more bizarre is that after they started working in Storybrooke, they discovered that the money they earned working there was more than what they could earn from running their own shop.
Not only do you earn more, but you also don't have to worry about anything, there's no risk, and the benefits are good, including five insurances and one fund, as well as holidays and so on.
Like Qingyao Group, Fairytale Town offers excellent employee benefits. High salaries, good benefits, and everything you need. Every time Fairytale Town opens a new store, many people apply, and the competition is fierce.
But once you become an employee of Fairy Tale Town, the work and benefits are relatively enviable, especially in some small counties.
For example, the store in Fairyland is located in a small county town in the Central Plains. The average salesperson in that small county only earns three to four thousand yuan. They usually only have one day off a day, and have almost no social insurance or housing fund.
But it's different in Fairyland. Even in these small towns, the base salary is between 4,000 and 4,500. Add in sales commissions and various bonuses, and the salary is usually 5,000 to 6,000 or even higher.
Not only are salaries high, but social security is also paid, and employees sign formal employment contracts. They also receive all the necessary vacations, such as marriage and maternity leave for women. These benefits are on par with those of civil servants and public institution employees.
Moreover, we work eight hours a day on weekends, and if we work overtime, we get overtime pay, etc.
This is the responsibility of a large company, and it is precisely because of this responsibility that employees have a stronger sense of identity and can provide better services to everyone.
Because the service is better, more people come to Storybrooke and trust it more, which forms a virtuous circle.
The hidden giant, Storybrooke, has already grown to considerable size. Give Storybrooke another year or two, and once it completes its domestic expansion, it will reveal its true colors and shock the world. When that happens, it will undoubtedly cause a huge sensation, demonstrating to everyone that the public's interests are the best, and that one can still make a fortune without being a shady capitalist.
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