Business Witch
Ch. 15 Company Establishment

In mid-June, after almost half a month of searching, I finally found it, which could be used as the location of Lao Fengxiang's main store.

"Boss, the first floor of this shop is about 1,500 square feet (140 square meters). We'll rent on the second floor. The parking area outside is also pretty good. However, the shortcomings of this store with Chow Tai Fook Store are only about 100 meters." Rong Bensheng brought Wu Guangyao and walked over to the clothes shop that was still open.

"This is not called a deficiency, this is called an excess. If our products are good enough and our service is also good, Then Chow Tai Fook customers will also be our customers. Do you still think this is a shortage?" Wu Guangyao had seen in his previous life. In one street full of jewelry shops!

"Boss right, my eyes are less observant." Rong Bensheng said humbly

It wasn't easy to find such a big Shop on Queen's Road. Moreover, Rong Bensheng only relied on questions from store to store to find this clothing store that was due for half a month and not extended anymore.

It could be said that Rong Bensheng has a high ability. So Wu Guangyo felt that he had found a treasure.

"Go and talk to the owner of this clothing store. If he's willing to move in half a month, we'll be willing to pay a month's money as compensation." Wu Guangyao did not want to waste half a month, after all, time was money for her.

"Well, it shouldn't be a problem, since their business isn't good either, it's better that they take the rent back!" rong Bensheng said confidently.

"Boss Wu, what do you think of this house? This place is perfect for opening a processing plant or as a company office location." An intermediary struggled to introduce Wu Guangyao.

This is a three-story tenement house, which is just over 10 years old, not too old, pretty good.

There are many ancient two or three-story tenement buildings on Hong Kong Island, and most of the middle class live in tenement buildings.

Wu Guangyao thought in his heart whether this tenement house could meet his needs.

The first floor is used as a security company (A Type of Bodyguard).

The second and third floors are used as jewelry making sites. All jewelry will be produced here and then shipped to shops on Hong Kong Island.

With such an arrangement, the building of this tenement house needs to be renovated, surrounded by walls, the outer walls must be painted, and the interior must be slightly moved.

This sort of thing he needed to leave to Xue Cheng. After all, after working together once, Wu Guangyao was very satisfied with him in all aspects.

In the end, Wu Guangyao decided to use it. After all, it was only a temporary place for her for two years. When I get rich in the future, I can build it myself.

After the place of embellishment had been confirmed, good news came from the main store. The original owner agrees to move in two days if it compensates for one month's rent.

After renting in both places, Now both places are still in the process of decoration, and will be completed by the end of July.

Time passes day by day. Until the end of July, now the two places will soon be finished.

Lao Fengxiang Co.Ltd company consists of three parts, One main store located in Queen's Road, Both branch stores located in East Bonham Street, and all three jewelry manufacturing and processing places.

Leidun Security Company was also established on the first floor of the three-story tenement. However, not many people had already been on the battlefield on Hong Kong Island at the moment, so only a few people were recruited.

According to Wu Guangyao's idea, he was more willing to recruit people who had been on the battlefield since they had battle experience.

Lao Fengxiang company meeting room, The first company meeting is being held.

Wu Guangyao looked at the four people and then said, "I will determine your new position now: Rong Bensheng is the deputy general manager and the main store manager, Li Xia's position as manager of the branch store in Bunham East Street, Gao Gao as director of jewelry processing, Yuan Jian as Minister of Finance."

“Minister Yuan, Tell us about the current financial situation of the company.” Wu Guangyao said to Yuan Jian, who had just been recruited.

Yuan Jian took out his notebook and said to everyone, "Master Wu, and colleagues are all. Lao Fengxiang company invested 22,000 Hong Kong dollars from Mr. Wu to set up shop on Bonham East Street. During the three-month business period, the total profit was 50,000 Hong Kong Dollars. So the total of all assets is 72,000 Hong Kong dollars."

"The company Lao Fengxiang borrowed money from the Bank for 60,000 Hong Kong dollars, so the total of all assets changed to 132,000 Hong Kong dollars."

"Further to the expense costs are used to rent stores, Renovate stores, Buy equipment, Set up new stores, etc spending about 40,000 Hong Kong dollars, he said, and our company also bought two Ford cars for about 10,000 Hong Kong dollars. So we now have about 70,000 Hong Kong dollars. Gold and silver goods and 12,000 Hong Kong dollars worth of cash."

One of the two Ford cars was a company car, used to transport gold and silver jewelry and one was used as a raffle prize for the opening event. Of course, the chances of winning are very small.

If you spend 100 Hong Kong dollars to withdraw a prize, then the chances of getting a car are around 3000:1.

After Yuan Jian finished speaking, Wu Guangyao went on to say: "This company was first built, but many departments are unfinished. For example, the design department, until now, I was the only real designer. And also the marketing department, Manager Rong who will fill the place first. Until I find a suitable person."

"At the beginning of the establishment of the company, Everyone has to work hard. To be honest, I plan to study the equity incentive system. If you perform well, then you'll be able to get the company's shares in five years."

When everyone heard it, their eyes became bright. They may not understand what an equity incentive is, but they can get shares after five years if their performance is good.

Wu Guangyao would not be stingy with that little equity, after all, They could only get it after five years, and he could give a maximum of 2% for incentives.

Wu Guangyao then asked: "How are the main store opening preparations going?"

Rong Bensheng said quickly, "Don't worry, Mr. Wu. There were 12 officers in the main store, and 4 officers in the Bunham East Street store to help, and 6 people from the leidun security company came to maintain order. Besides, Minister Yuan and I will be able to maintain order. At the time of opening I will be in the store to make sure there will be no accidents."

“Yeah, you have to be careful!” Wu Guangyao knew that in the next generation, because the business was too hot, something must have happened to be troublesome.

After the meeting, everyone returned to their posts.