Chapter 111 Give it a try

During the four years of hard work at the Youlian Yueji Ceiling Fan Factory, Liu Luanxiong gradually realized that the insistence of his elders who were overly obsessed with traditional concepts could no longer satisfy his inner desire for innovation and change.

Although this experience was not without its challenges, it also honed his will and made him more determined in his direction.

"Axiong, I was very wise in deciding to invest in you. Your performance has far exceeded my expectations!" Lin Haoran praised sincerely, and became more and more convinced of Liu Luanxiong's abilities.

After leaving the small workshop that had constrained him for many years, Liu Luanxiong was like a fish leaping into the vast ocean. The lack of financial worries allowed him to show his talents. Every decision he made seemed so easy, and his career flourished.

Facing Lin Haoran's praise, Liu Luanxiong couldn't help but reveal a humble yet confident smile. The sense of satisfaction radiating from the inside out was the best proof of his unremitting efforts.

"Ms. Li, could you please provide me with last month's financial statements for review?" Lin Haoran turned to the financial director Li Meihui.

Not only did Li Meihui's loyalty not diminish in the slightest, but it increased by two points under the test of time, which made Lin Haoran trust her even more.

He knew that since Li Meihui was able to maintain her loyalty, it meant that she would never do anything that would harm the company's interests due to any external temptation. This included the assumption that she was privately bribed by Liu Luanxiong to tamper with financial data, which Lin Haoran believed was impossible.

It is this absolute trust that allows Lin Haoran to entrust the important task of supervising finances to Li Meihui without any worries.

"Mr. Lin, I'll give it to you right away!" Li Meihui responded quickly, accurately took out a folder from the neatly organized desk, and then respectfully presented it with both hands. Every detail revealed her professionalism and dedication.

"Last month, the company actually achieved a profit of 3.68 million Hong Kong dollars?" Lin Haoran flipped through the figures on the financial statements and couldn't help showing a hint of surprise.

Looking back, it has been just over a month since we moved from that small workshop in Xiangjiangzai on October 10.

The financial statement that Lin Haoran was looking at was the financial statement of Aigo Company for November.

I didn’t expect that I would earn more than 3 million Hong Kong dollars in the first month after moving here.

The actual amount of money Lin Haoran invested in Aigo Company, not counting the one million Hong Kong dollars lent to Liu Luanxiong, was actually only 1.2 million US dollars.

In other words, his investment paid off in just one month.

It is no wonder that in his previous life, Liu Luanxiong only used tens of thousands of Hong Kong dollars as starting capital and earned hundreds of millions of Hong Kong dollars in just over two years. It was such a huge profit.

A small half of this time was due to the fact that his development was restricted in a small workshop, otherwise it would not be as simple as 100 million Hong Kong dollars.

No, the fan manufacturing industry is not actually very profitable when calculated based on gross profit. It’s just that there are too many orders, and so the profits naturally increase as time goes by.

And in this world, because Lin Haoran intervened in advance, he was able to prepare before the oil crisis. If nothing unexpected happens, he will earn more in the next two or three years in his life.

Of course, correspondingly, he earned more, and Lin Haoran, one of the bosses, also earned more.

"Haoran, regarding last month's profit, I am considering not distributing dividends for the time being. After all, I just received a huge order, and the existing factory scale is obviously unable to meet production needs.

Therefore, I plan to rent both the first and third floors and speed up the recruitment process. I plan to add one thousand employees within a week, so that the total number of our grassroots employees can exceed the two thousand mark, which is enough to cope with this sudden market opportunity. Haoran, what do you think of this plan?" Liu Luanxiong passionately explained his ideas.

"I fully support your decision, Axiong. The market changes brought about by this oil crisis will not subside in the short term. This is a great opportunity for us to expand production capacity and seize the opportunity.

You don't have to rush to repay the HK$1 million loan. The most important thing now is to use this window of opportunity to deepen your presence in the North American market and strive for a larger market share." He also agreed with Liu Luanxiong's idea.

"Haha, Haoran, we really have the same mind! I was just afraid that you might have different opinions. Now it seems that our ideas are exactly the same. It is my greatest luck to have a partner like you!" Liu Luanxiong laughed heartily, and his recognition and gratitude for Lin Haoran were beyond words.

At this moment, he was even more grateful that he had such an outstanding partner like Lin Haoran.

Recalling his experience in the small workshop of Xiangjiangzai, he also had a partner, but disagreements between the two became the norm. Frequent decision-making differences led to slow progress of the company and missed many good opportunities.

Now, the partner has changed to Lin Haoran, and the situation is completely different.

The most important thing is that not only did his shares not decrease due to the change in the cooperative relationship, but because of Lin Haoran's joining, his decision-making power was more respected and exercised.

He is in charge of most of the company's affairs, and Lin Haoran, with his extraordinary overall perspective, provides firm support at critical moments, but never interferes with daily operations easily.

This tacit understanding and trust made him deeply understand what a true "perfect partner" is. Lin Haoran is not only an outstanding partner, but also a wise man who knows how to delegate power and is good at listening.

Now, with the profits earned last month, they can safely expand production without the need for shareholders to continue to invest money in the company.

“Axiong, in view of our considerable profits last month, we can expand the scale of production without any worries and no longer need to rely on additional capital injection from shareholders. I propose that we also do not rush to distribute dividends in the next two months.

You are not in a hurry to use the money now, right? I predict that this oil crisis will last at least one or two years, during which time fans will continue to sell well.

Therefore, go ahead and expand, continue to take on more orders, and increase production capacity. I look forward to the day when you can proudly tell me: 'Haoran, our Aimego company has become the leader in Hong Kong's fan manufacturing industry! '"

Lin Haoran continued, and at the end, he couldn't help but laugh.

According to Lin Haoran's memories from his previous life, the Second World Oil Crisis did last for more than two years.

In that time and space, it was this long period of crisis that quietly accumulated Liu Luanxiong's first huge fortune and laid a solid foundation for his future business empire.

Now, Lin Haoran has seized this historical opportunity and let Liu Luanxiong work for him for free, earning him a huge fortune.

When the fan market gradually became saturated, Lin Haoran had already made plans for the next step.

He plans to strike while the iron is hot and push Aigo to go public, leveraging the power of the capital market to further consolidate the company's market position.

Then, he will plan cleverly, find the right time to sell stocks, reap a lot of profits, and achieve another leap in wealth. Perfect!

"Indeed, apart from necessary business negotiations and supply chain cooperation, I hardly ever leave the factory. During this period, personal consumption is not my primary consideration. I am more concerned about how to seize market opportunities.

Although the duration of the oil crisis is uncertain, as you said, even without this crisis, the demand in the North American fan market has maintained a good growth trend, but not as explosive as it is now. Therefore, expanding the scale of production is our inevitable choice.

Haoran, since you have given me such confidence and support, I will give it a try. We will accept all orders, whether in North America, South America or Europe, we will go all out in every market.

I believe that as long as our products and services can win the trust of customers, it will be a achievable goal for AMG to become the leading fan manufacturer in Hong Kong and even the world!" Liu Luanxiong became more and more excited, his eyes flashing with infinite vision for the future.

The experience of running a small workshop over the past six months has taught him that it is difficult to achieve great things by doing small things. The huge changes today have made him deeply realize how amazing the growth rate of wealth is when production capacity matches market demand.

He is no longer satisfied with the slow accumulation of the past, but wants to take advantage of this opportunity to achieve leapfrog development.

Liu Luanxiong had already decided not to enter the Middle East market because even outside this region, the global fan market still has huge potential, especially in developed regions such as Europe and the United States, where consumer purchasing power is strong, providing broad sales space and considerable profit margins for fan products.

In this context, he naturally prefers to sell his products to these high-end markets rather than compromise on price in the Middle East market.

"In that case, I suggest that we set up a dedicated market development department. You are indeed familiar with the North American market, but the world is so big that business opportunities in other regions should not be underestimated.

No matter how energetic you are, it is difficult to cover everything. It is better to hand over this part of the work to a professional team, use part of our profits as an incentive, and let them delve into areas that you and I are not familiar with.

In this way, our operational efficiency will be significantly improved, and the order volume will naturally surge as the market coverage expands." Lin Haoran reminded.

"You're right, Haoran, I indeed didn't realize this problem before. We should set up a marketing department and let professionals do professional things. This way, I can focus more on production and supply chain management. I will start preparations as soon as possible and try to establish this department." Liu Luanxiong nodded in agreement.

At this moment, Liu Luanxiong deeply realized the importance of teamwork.

He has realized that as the company grows in size, the power of an individual is ultimately limited.

Only by relying on the strength of the team can we achieve long-term development.

Lin Haoran's simple suggestion undoubtedly pointed out the direction for the company's future development.

The thinking behind business management can no longer be the same as running a small workshop in the past.

(End of this chapter)

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