Back in the office, I first called the five major factories. They were basically still in the recruitment stage. The management team had already been formed, but there were many employees, so it would take a few more days. Even after all the employees were recruited, training would take time.
Lu Feng called Johnnie To. Although he was the last of the six factories to start, he was indeed the fastest to complete the task. The management team had been fully assembled, and the initial 1,600 employees had all been recruited today. Starting tomorrow, the factory area would be cleaned and basic training would begin.
He also told Lu Feng to hurry up and get the machine to come quickly, because it would be difficult to manage so many people if it took too long.
After hanging up the phone, Lu Feng had already grasped the capabilities of the six factory managers. He realized what truly exceptional people were; given the money, they could produce the results you desired in the shortest amount of time.
In the evening, taking advantage of the return of Manager Li from the Finance Department from his business trip, a meeting was held with the Finance Department. Now, the most important department in the entire Jiaming Foods is the Finance Department.
Their workload is particularly heavy, and it's become the norm for them to travel on business every month. They travel even more frequently than the marketing department. Although the company accounts of all the major factories are now under the company's name, they still need to check the accounts frequently.
The production line has almost exhausted all of Jiaming Foods' available funds. Last year, they gave some advance payment, and now they are demanding the full amount.
After deducting that portion of the money, less than 50 million is left. Is that enough to build six large factories? Some people are dreaming.
Moreover, these six factories employ a total of about nine thousand people, and the remaining money is all special funds that cannot be withdrawn. We don't even know where the wages of these nine thousand people will be next month.
However, having served as the finance manager for so long, Manager Li was used to such financial situations and quietly reported the data. It was just that Gao Zhiwei kept taking deep breaths, giving the impression that he was about to faint from discomfort.
"Mr. Gao, are you alright?"
Gao Zhiwei waved his hand and remained silent.
"Are you feeling unwell?"
Gao Zhiwei waved his hand again.
"President Gao, why don't you skip the finance meeting and get some rest?" Lu Feng said.
"No, no, no, it's okay. I have to listen. I'm a partner and a shareholder now. Even though I don't know how the factory came about, I at least need to know how it disappeared."
Hahahahahaha.
The entire finance team burst into laughter.
Gao Zhiwei looked at Lu Feng and said, "President Lu, I was just joking."
“We were short on funds earlier, but those teams are still negotiating, right? Once we finish negotiating with the remaining ten factories, we'll have plenty of funds. Although it might seem like we're living beyond our means, we'll definitely see if we can hold on for a month.” Lu Feng flipped through the folder, looked at it carefully, and said, “As long as we don't get completely crushed in the first month, we've won.”
"The problem we're worried about now is the continued cash burn!"
"What's wrong with burning money? As long as we hold our ground in the market, we can always raise funds by selling equity, or if that doesn't work, we can go public through a backdoor listing. If the Shenzhen Stock Exchange doesn't work, we can go to the Hong Kong Stock Exchange. If the Hong Kong Stock Exchange doesn't work, we can go to the New York Stock Exchange." Lu Feng looked at Gao Zhiwei and said nonchalantly, "This is an era where gold is everywhere. It just depends on whether you know how to dig it out."
Gao Zhiwei sighed, thinking to himself, "That's true. At worst, they can go out and scam people. If Lu Feng were to become a scammer, he felt he could scam people from one end of the earth to the other."
"Manager Li, the finance team absolutely cannot have any problems. Everyone, please work hard and make more trips. All six factories are staffed with new people, new factory managers, and new teams. It's inevitable that some people will have ulterior motives. I'll say it again: once a problem is found, call the police and send them to jail immediately. Even if he was originally sentenced to three years, I'll find someone to help me and use my connections to get him sentenced to ten years."
Lu Feng slammed his pen on the table and said, "I'm going to make an example of him!"
"President Lu, these are all easy to handle. We just need to check the accounts every month. The problem is that we signed a contract with the local government that stipulates a certain timeframe for the factory to be built. We've misappropriated all of our funds, which is a breach of the contract."
"Hey, Lao Li, you've worked in a state-owned enterprise for so long, how come you still have such a rigid mindset?" Lu Feng looked at him, wondering why he was pushing such a simple question onto him.
"I work in finance, so I'm very clear about what I mean. Not a penny less is acceptable," Manager Li said with an awkward smile.
"The contract is signed, and all the terms and conditions are written down. Who's going to oversee its implementation? Whoever is overseeing it should make more contact. Invite them to dance, take them to bathhouses, and do some colorful, risqué things—things that can be reimbursed." Lu Feng pondered for a moment and then said, "By the way, General Manager Gao, notify all the factories to make sure their public relations departments are in good shape, understand?"
"Ah! Ah! Yes, this colorful, mixed meat and vegetarian stuff, what is it?" Gao Zhiwei asked, puzzled.
"Look at you, all you enjoy in life is eating, drinking, and whoring."
"puff!"
"Ha ha ha ha."
Everyone present couldn't help but laugh. Some of the younger ones were embarrassed and lowered their heads, not daring to look at Lu Feng. The older ones looked at Lu Feng with some surprise, not expecting that he was so knowledgeable about this at such a young age.
"I was also born into a poor family. No one is born with connections in this world, but you can create them. Tell those people to keep their distance, get close when you need them, and smile and walk away when you don't. Do you understand?"
The meeting lasted until 7:30 p.m. Lu Feng explained the finances and interpersonal relationships. When the meeting ended, Manager Li sat there clicking his tongue. The reason he switched jobs to Jiaming Foods was purely because of the high salary.
He had seen many such financial models before: high debt, high leverage, high returns, which could make a person soar to great heights quickly. Of course, failure could also be disastrous. He was not optimistic about the future of Jiaming Foods, thinking that it was just a master of balancing things up, and that it would collapse sooner or later.
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