The Birth of Shanghai's First Conglomerate

Some troubles are like that—painful yet joyful.

If possible, Lin Qiunan and many others in the group would like to introduce some of their relatives from their hometowns to work at Shuiyunjian.

pity…

Although they belong to the same group, they are also husband and wife.

However, Shuiyunjian does not accept any personnel arrangements from Tengying Group.

In other words, it's impossible for people here to get in through connections.

If that were the case, there would be no need to open the registration channel; the internal system could fill all two thousand slots in no time.

Chen Pingsheng was thinking that Shuiyunjian would definitely not open any new stores in the next three years.

Therefore, current recruitment plans must be reduced.

The number of ultra-wealthy individuals in each city is actually very limited. If Shuiyunjian were to expand into second- or third-tier cities, it wouldn't be able to open many branches.

The lack of top-tier wealthy women will soon lead to a sharp decline in store operating data.

After all, spending money at Shuiyunjian is not as simple as an ordinary woman gritting her teeth and spending several months' salary to buy an LV bag.

Unless you earn several million a year, the beauticians there won't recommend you go there often.

The consumer level is clearly defined; we absolutely do not prey on fake rich people, much less on sycophants.

Aside from those top-tier and near-first-tier cities, other places are simply not suitable for opening a business.

After making a phone call to his wife Song Yanxi, Chen Pingsheng had a general idea of ​​what to do.

Shuiyunjian is definitely not hiring anymore, but Deer Horn Coffee, Bobo Milk Tea, and other cafes can still hire a lot of people.

These positions don't require long training periods; three months is sufficient.

Although the income is not as high as that of Shuiyunjian, it is still much higher than that of other milk tea brands and coffee shops.

The average monthly salary is around nine thousand, which is definitely considered high in the milk tea industry, which doesn't require much technical skill.

Chen Pingsheng also called Chu Qiuyan and Yang Qian, trying to target rural girls for this recruitment plan.

We can also give them more benefits accordingly.

Rather than making money for a few shareholders, he now prefers to spend money on these employees.

Although this wasn't very responsible to the stock price or shareholders, he still fulfilled his responsibility as an entrepreneur.

Now that he has achieved financial freedom, he should think more about the millions of employees.

Chen Pingsheng asked Lin Qiunan to go to the finance department to compile financial data for various companies, including the percentage of employee income, corporate working capital, and a series of reserve funds.

The secretarial department is mainly responsible for assisting the boss in his work. The reason why the secretaries they hire are either campus beauties or super academic achievers.

The main reason is because Tencent Group offers this treatment.

The people around him, not to mention his top secretary Bai Xin.

That's equivalent to being the second-in-command at Tencent Entertainment.

Leveraging the network of Tencent Group, Bai Xin also found a senior executive from a food delivery company who was studying abroad.

Its prospects are limitless in all aspects.

Meanwhile, another secretary with a large bust, Zhang Wanyi, is now the top female CEO in the online celebrity circle.

As for Lin Qiunan, the school beauty's secretary, besides having the same temperament as Liu Shishi, her most prominent feature is probably her curvy buttocks.

The combination of a bodycon skirt and black stockings makes it hard for most people not to be attracted by her perfectly perky figure.

The floors below his building house the group's finance department, which has over a thousand top accountants in total.

There's no way around it; the finance department is the core of any super-large corporation.

If there are financial problems, it will be a disaster for the entire group.

Some companies, after achieving success in one industry, continue to expand.

The subsequent financial situation was a mess; all I knew was that the loans kept increasing and the projects kept getting bigger.

In the end, countless companies collapse and founders end up in jail.

Therefore, Chen Pingsheng attached great importance to this aspect.

He has been calling on the entire group to reduce investment since last year, and to sell off unnecessary projects.

In addition, apart from internal investments, companies are prohibited from making any external cross-industry investments.

In the past decade, at least half of the companies that made money started to do this and that.

There are countless companies involved in real estate, such as the outstanding Lao Gan Ma.

Neither of his two sons were committed to selling chili sauce in the family business; instead, they plunged headlong into the real estate industry. In the end, they lost so much money that even at seventy, they had to make a comeback. These are stark examples of what happens when you're caught in the middle.

Lin Qiunan quickly retrieved the summary report from the finance department.

Due to its current global expansion, Deer Antlers Coffee does not hold much cash internally.

Only around 600 million.

This means that if there are significant changes in the market, Deer Antler Coffee can only survive for a maximum of three months.

This change refers to the situation where there is no income for three consecutive months.

The average income of employees here ranges from nine thousand to 1.2.

All five social insurances and one housing fund will be provided.

Employee income accounts for approximately 35% of the business revenue.

That's roughly one-third, while store rent also accounts for 15%.

These two items combined will reduce the cost by half.

Meanwhile, employees of similar brands, including Starbucks, only earn five to six thousand.

This is the income of long-term employees who have worked here for several years; new employees only earn between 3.5K and 4.5K.

The year-end bonus is an extra month's salary.

Comparatively speaking, the income of employees in companies under the Tengying Group is significantly higher than that of their peers.

This is also the main reason why the stock price cannot rise.

After all, the capital market is profit-driven. No matter what you do, the underlying logic that the lower the employee income, the higher the profit will always remain unchanged.

For example, food delivery platforms like Meituan calculate the delivery drivers' income meticulously.

It's barely enough to support a family; if you want more, you'd have to risk your life.

Among these companies, Teng Hui Department Store has the highest cash flow, including reserve funds.

Even if all stores close for two years, it can still pay everyone's wages in full.

There is no risk of cash flow disruption.

The reason for this is not because the current president, Shen Chengjun, is particularly capable; it's simply because he bought all those storefronts in Beijing, Shanghai, Guangzhou, Shenzhen, and even Hong Kong himself.

Department stores don't need much rent, so what high costs could they possibly have?

Based on this, Tenghui Department Store is very stable.

This can be considered the pinnacle of the Gou Dao school.

It doesn't need to compete for the top three or five; it can simply follow steadily behind those department store giants.

It's always been number three.

As for his own Tengchao Commercial Management, it does not include the Tengying Future Forest City which is still under construction.

Its total assets have reached 80 billion, and it earns 2.5 billion in rent every year.

Tengchao Commercial Management was always something he wanted to leave to his son, Dapiwa, to inherit.

Chen An'an is kind-hearted and entrusted the group's most stable asset to her.

Chen Pingsheng was also quite relieved.

As for Erpiya, she is still too young, and it's impossible to tell which companies she's suitable to inherit in the future.

Given her current enthusiasm for short videos, it's highly likely that she will be handed over the influencer economy of Tengyou Media and Xinteng Live to her.

It may also include TikTok's 3.5% stake.

In short, Erpiya will not have any financial worries when she grows up.

They would easily have a net worth of several hundred billion.

The mistress, Chen Lu, is different; he is a boy.

Chen Pingsheng hopes that he will inherit Tengfei New Energy, including a series of technology companies under the group.

As for him and his wife Song Yanxi, they can simply leave behind Shuiyunjian and some group shares for their retirement.

Ultimately, all of this will be inherited by his three children.

"Let's think about it when they're older," Chen Pingsheng thought to himself.

However, summer vacation is just around the corner, so he'd better arrange a rural experience for the summer first. (End of Chapter)