Chapter 97: Chapter 83 Group Advancement Method

After his chat with Chen Pingsheng, Gao Hu decided to hold off on announcing the news a bit later.

It was easy to explain the cancellation of dividend shares in favor of a year-end bonus for the management.

All that was needed was to lay out the development direction of Fei Yangyang.

Dividend shares might not yield cash, but a year-end bonus was a certainty for everyone.

Moreover, providing it at 25% to 50% of the annual salary was extremely considerable.

In the catering industry, year-end bonuses were generally unheard of, but Fei Yangyang was breaking the norm by offering one.

This added many benefits.

Even the regular employees would receive a year-end bonus standard of 1 to 5 months’ salary.

Having just returned to Capital City, Chen Pingsheng found a plethora of matters awaiting his attention.

He was confident in leaving Fei Yangyang in Gao Hu’s hands, especially since his previous success in Sha City.

Now that he was in Capital City and with substantial financial backing, there was no reason for him not to succeed.

Liu Fen also noticed something, hesitated to bring up the fuel card issue during meals, and eventually decided not to mention it.

She thought about finding a more appropriate opportunity to bring it up.

Song Wu then updated him on entertainment industry matters. With the airing of Legend of Lu Zhen, Zhao Liying’s status in the entertainment circle had risen sharply.

Tengying Entertainment, the agency that had signed her, also gained a modest reputation.

However, due to the previous influence of Wang Yanfeng’s Feiying Entertainment, the internet was awash with negative gossip about Zhao Liying.

Furthermore, Tengying Entertainment’s lack of action over the past few months had led many to believe they were intimidated by Feiying and showing weakness on purpose.

This had resulted in a decrease of negative gossip about Zhao Liying online.

That real estate tycoon’s son, Wang Yanfeng, was clinging on to her relentlessly.

Like a rabid dog.

“Brother-in-law, Feiying has put out a word. They want to purchase 50% of the production rights of Hua Qiangu for thirty million.”

“Ignore them,” he replied.

He had the entertainment analysis function. Hua Qiangu was clearly marked as having a minimum of five times the investment return rate.

It was an absolute hit drama.

One that only appears a few times every few years, and perhaps it couldn’t compare with the massive success of Empresses in the Palace from two years prior,

but it certainly wasn’t far behind.

He even felt that with Tengying’s investment in Hua Qiangu, its valuation in the entertainment industry could be potentially boosted to several billion following the show’s release.

It wasn’t impossible, especially since Golden Finger had mentioned previously that Hua Qiangu had no ceiling.

A TV series like this, with his entertainment industry analysis function, could only be found once within a year.

The foolhardy real estate heir was dreaming if he thought he could get a share of his money.

If it were a family that could ride horses on the grassland at home, he would not hesitate to give as much as they wanted.

In short, that real estate fool was not worthy of such a huge profit from him.

Last year, Tengying’s investment in Yang Mi also significantly elevated its status in the entertainment circle.

However, Tengying was always low-profile, and besides its investments, it was hardly seen in the entertainment sector.

Chen Pingsheng moved closer to Song Yanxi and asked, “The five new stores of Water Cloud Space that just opened are expected to start business by June, right?”

“Pretty much.”

Song Yanxi said, “Currently, there are around one hundred and fifty beauticians being trained at headquarters alone. Considering the teachers’ education fees and the guaranteed monthly salaries for the staff, our family pays daily costs of about eighty thousand. By June, we’re looking at having to shell out 15 million in guaranteed salaries and teachers’ income. If we delay a few more months, that could really run us into the ground.”

Liu Fen was dumbfounded; the stores weren’t even operational yet, and her naive daughter was already shouldering a daily outlay of eighty thousand in staff wages and teachers’ income.

Would the stores even be profitable once opened?

The expenses were truly terrifying.

During employee training, everyone was paid their guaranteed monthly salary as usual. Chen Pingsheng’s standard was never to shortchange any employee who worked for him.

He possessed a random multiplier Golden Finger in the beauty industry; losses were out of the question.

“Losing money, definitely not going to happen,” he said calmly.

Chen Pingsheng continued, “Didn’t our family buy a few extra-large employee dormitories and an over thousand square meter villa for Water Cloud Space before? With the increase in housing prices, who says it’s just eighty thousand a day that’s increasing? I’d say it’s definitely more than a hundred and forty thousand.”

His wife was clever, indeed; she invested in staff housing while opening new stores.

They used employee dormitories to offset the huge initial investment in Water Cloud Space.

You could say that, as of now, there’s not a single company within the country that is willing to pay such a high cost for pre-job training for employees.

Once the employees complete their training here, whether in terms of their professionalism or overall personal quality, they are bound to be far ahead.

By the way, Chen Pingsheng remembered something else.

“Yang Mi’s endorsement contract for Water Cloud Space lasts for two years, and she’s the top celebrity endorser in the beauty industry. We must make good use of her presence.”

“How do you plan to use her?”

Song Yanxi asked curiously. She was always impressed that with just one promotional event by Yang Mi, they made more than thirty million in three days.

Chen Pingsheng said, “First, secure a huge billboard in Wangfujing in the Second Ring, then plan to hire a professional marketing team to specifically handle online marketing for our major industries. With Yang Mi on board, there’s no fear that Water Cloud Space will lack traffic. As for Fei Yangyang Hotpot City, having Zhao Liying will do. Later, I also plan to invest in a TV drama featuring a foodie character, to better match the endorser image for Fei Yangyang Hotpot City.”

If a top celebrity can’t bring in commercial traffic, it’s nothing special.

Right now, his plan is to fully exploit Yang Mi’s popularity first.

Song Yanxi felt that his ideas were getting more and more ambitious, even thinking about using a TV drama to boost Fei Yangyang Hotpot City’s profile.

As for Yang Mi, she was still filming the costume drama Three Lives Three Worlds.

She couldn’t squeeze out any extra time for now.

Anyway, the endorsement contract was there, if he did not start promoting it promptly, he’d have to pay her once the two years were up.

He couldn’t afford such a losing deal since the window for making money is quite short.

Liu Fen hadn’t brought up the matter of the fuel card, but she did bring up something else.

That was about a distant nephew of hers who hadn’t continued his education after finishing middle school.

Now without a skill, instead of letting him hang around aimlessly in society,

it might be better to arrange for him to come to Fei Yangyang to learn to be a chef.

The income here was also high.

Chen Pingsheng felt it was a minor matter; just mention it to Gao Hu, and it would be settled.

They were always recruiting apprentices anyway.

Liu Fen had made the promise to boast during the New Year, otherwise, she certainly wouldn’t ask for such a small favor.

There was really no need to.

Just look at how her son-in-law talks now, dealing with big businesses worth millions or even tens of millions, and casually pulling in people from TV dramas to collaborate in promotions.

Her asking for an apprentice to be accepted seemed quite embarrassing.

In the evening.

Chen Pingsheng took Chen An’an home only to discover.

Though she had finished her homework, she had lost her homework book.

Tomorrow was the registration day, so it was up to her dad to figure out what to do.

She was always honest, seriously taking her scolding every time she did something wrong.

Always emphasizing listening to mommy.

Song Yanxi was really annoyed by her but couldn’t do much about it.

They’d have to wait until the second one was born.

Chen Pingsheng picked up a twig to spank Chen An’an, but her tears fell before he even got close.

Looking pitiful.

In a moment of soft-heartedness, he let her off once again, and the Little Fart Kid immediately went out and plucked all the small branches from behind.

Throwing them far away.

Luck was on her side this time; she avoided a harsh spanking.

Next time, she might not be so fortunate.

“I’m raising you, providing you with pretty panties and a little house to live in, yet you want to beat my butt. It’s either you go down, or I do.”

After thinking it over, it’s better if you go down.

It’s heartbreaking, her beloved little trees were gone because of her.