Chapter 87 This Month's Income
Lin Ruoyan calculated that with only a few days left until the end of the month, she still had over 30 million yuan left to spend, after paying for labor costs, new contracts, and settlements on old ones. The design contract for the prototype building at the biomedical base was only worth a few million yuan at most, and she could spend some money on the two existing buildings in the rental park, but it still wouldn't meet the target.
The two buildings, designed like factory buildings, currently rented for a combined 2.2 million yuan a year, and she was given a three-month rent-free period for renovations. She signed a ten-year lease, paying 4.4 million yuan for the first two years, with annual rent payments thereafter.
She returned to the company and asked the finance department to compile the accounts for this month, intending to look at them herself.
The prodigal system reminded: "Host, there are five days left in this month. This month's expenses, including those spent overseas, are still 31,280,750 yuan short of 100 million. I have recorded the detailed accounts. If the host has any questions about any of them, I can explain them in detail."
When Lin Ruoyan heard this, she was surprised to find that the system could actually be used as a portable accounting tool. Doesn't this mean she has an invisible counting expert? It seems that the system's functions should be fully developed and utilized. Maybe one day she can use it to show off.
Although the wasteful system had already informed her of the amount she still had to spend, Lin Ruoyan still insisted on opening the financial statistics and taking a closer look. The two sides had different accounting methods. What if there were any expenses that differed from the system's definition? With a simple argument and a ruling from the main system, could they be counted as her expenses?
She didn't know until she looked at the accounts that there was a discrepancy between the amounts. She looked more closely and found that the company had actually received some income this month, which meant that some of her investments had paid off.
Although there was only a little over 500,000 yuan in income, where did it come from? Her luxury housing project hadn't even been dug yet, so what did she sell to get the money?
Lin Ruoyan looked through the details of the income and was shocked to find that this month's income consisted of two parts.
One source of revenue comes from selling advertising on the learning website. This is understandable. With Lu Gan's sales prowess, he managed to attract some advertising, even with a trial run of the practice test website. Furthermore, this revenue is ongoing, not a buyout. As website traffic and clickthrough rates continue to climb, this advertising revenue will steadily increase. Lu Gan also employs a bidding strategy. If another company were to bid for this space in the future, the one with the highest bid would win. It's a truly profitable business.
This month's additional income, over 200,000 yuan, actually came from dividends from Lu Xueli's Go school. Qin Shuang, who had negotiated the contract with Lu Xueli, had asked the Lin Group's legal department to prepare a distribution model for investment returns. Therefore, although Lu Xueli handled everything, the bulk of the proceeds were distributed according to investment, with the Lin Group receiving 80% of the revenue.
In other words, Lu Xueli may have actually collected 260,000 to 270,000 yuan in tuition fees alone. How many students did he collect this money from?
Lin Ruoyan remembered that Lu Xueli had only invested two million yuan, which he used mostly to rent a desired venue and hire a Go teacher. The venue was already home to a training school, and the interior furniture and benches were largely reusable. He and his new Go teacher simply set up the classroom and began recruiting students.
Lin Ruoyan thought that this project would be a very long process from recruiting students to charging fees, but she didn't expect that Lu Xueli had a good reputation in the industry. His former teammates, friends and old students helped introduce a lot of students to her, and students who were not admitted in the past due to limited space have now enrolled in the school.
Less than a week after the announcement, over 200 people had signed up. The academy prioritizes small classes, with a maximum of twelve students per class. Currently, the teachers are assigned to run classes at different times, and Lu Xueli also teaches students himself. To ease the workload, he will undoubtedly recruit more teachers and expand enrollment in the future. He carefully selects his teachers to ensure quality and maintain a positive reputation.
With his small class size, tuition is charged quarterly, at just 1,800 yuan per three-month period. This is significantly cheaper than other classes like math, physics, chemistry, and English. However, Go students typically study for a year or two, so paying quarterly tuition is much less daunting for parents than paying a full year's tuition. This also makes it easier to maintain a stable student base.
In addition to tuition, the Go Academy also introduced a novel online Go website teaching model. This also allows students to test the website for free. Students feel that this is a great deal. They can experience playing Go online for free on this membership-based website, and the website doesn't have to pay for testing, achieving multiple goals at once.
The beta version of the Go website also features some advertising and promotion, selling Go supplies and books. Once the website is fully tested, the membership fee may be increased, and others will be able to purchase a membership to play against more opponents.
Lin Ruoyan's initial proposal for sign-ins, rewards, a growing avatar, and ranking tournaments has resulted in a high level of customer loyalty for both problem-solving and Go websites. Members typically log in daily, spending significant time online practicing and playing Go. This results in significantly higher daily active users than other websites, and a steady increase. Even when students stop learning Go, finding an online opponent is still a convenient way to keep up, contributing to a steady increase in website traffic.
In short, although the revenue this month is only 500,000, the revenue from the website business will definitely increase steadily in the future, and the maintenance cost will be very low.
Hao Heshan brought a laptop with him during his overseas inspection and worked day and night to develop the OA system. After returning to China, the system has reached the final testing stage. This system can be sold to other companies in the future, and a set of systems can be sold for tens of thousands.
Lin Ruoyan figured it out and realized Hao Heshan's IT department was completely self-sufficient and even profitable, so it wouldn't be a problem for them to start their own company. She invited Hao Heshan to her spacious office and asked, "Director Hao, are you interested in running your own IT company?"
When Hao Heshan heard that General Manager Lin was calling him, he went to the bathroom to tidy up his hair and clothes so that he would not look greasy and look a little fresher.
He had certainly considered starting his own company before, which was why he turned down the opportunity to join a state-owned enterprise. But now at Lin's Real Estate, not only was his salary much better than if he had gone it alone, but the projects Lin Ruoyan had suggested had broadened his horizons and enabled him to realize his dream of transforming technology into value.
Why would he want to go out and do it on his own? He's got a plush office here at the company, no worries about finance, HR, or marketing. Only a fool would leave.
"The Information Department is fine, unless Mr. Lin thinks I am not qualified for the position of director." Hao Heshan said sincerely.
Only after actually joining a private company did he deeply realize that without money, everything is hard. Starting his own business would never have been as smooth as it is now. He could build whatever programs he wanted, hire as many interns as he wanted, and even sell ads to cover his expenses. He focused on what he loved, mentoring apprentices, and didn't worry about anything else. He was already living a life he hadn't even dreamed of before. How could he not be content?
Continue read on readnovelmtl.com
