The Birth of Shanghai's First Conglomerate

Chapter 40: Let Xiao Anan study with you
In August, Chen Pingsheng accomplished two major tasks.

One is the reorganization of the headquarters, and the other is the more crucial shareholding reform.

After completing these two steps, Tengsheng Fruit officially upgraded to Tengsheng Group Limited Investment Company.

Adding a few more words to the name instantly elevates its presence.

In the last few days of the month, he also officially held the group's listing ceremony.

Although the company is not large, it must project an impressive image.

Currently, Chen Pingsheng serves as the group's chairman and general manager.

Song Yanxi was appointed as the financial director, and Zhang Tao was in charge of the entire logistics department.

Liu Jing was in charge of Beixin'an, while Chen Hao and the others were in charge of Shijingshan.

With specific responsibilities defined, there are now more procedures to follow when doing things.

It won't be as casual as before.

In Chen Pingsheng's view, this was their first step towards becoming a regular army.

He even held a grand celebration ceremony for this occasion.

Down-to-earth beer and barbecue.

After completing the headquarters operation of the company, Chen Pingsheng immediately announced an important decision.

"Starting in September, after completing the recharge activity, Tengsheng Fruit's community stores will provide 49% of the dividend shares to the store management."

What does this mean?
For the community stores opened by Tengsheng Fruit in the future, as long as they complete the first three months of customer acquisition and recharge, they can expect to receive a certain amount of business.

Nearly half of the dividend shares will be immediately released to the store management.

And these shares will be acquired at no cost.

In other words, the management no longer needs to invest in purchasing, because practice has proven that their fruit stores only need to focus on attracting customers and managing customer top-ups.

You can recoup your investment in one go, or even make a significant profit.

This money will naturally not be distributed to the management.

Only the steady, long-term profits from maintaining the store will be distributed later.

His decision will undoubtedly lower the headquarters' profits, or even directly give half of the profits to the employees.

Not only did Zhang Tao and his colleagues not understand, but even his wife, Song Yanxi, was stunned for a long time.

Why would it be necessary to give away so much profit?
They pay their employees well, so why should they give up half of their shares?

Chen Pingsheng, however, felt that if he wanted to make the business last, he couldn't just think about himself.

You must ensure that your employees who work for you also make money.

Don't be like a boss who's worth hundreds of millions, while the employees who work for him can't even make a decent living.

He believes that under this model, the company cannot last.

Therefore, he has to give up half of his shares.

The key point is that this half of the shares is after the random increase, so it won't really affect his personal income.

This decision was more intense than any of the previous arguments.

In the end, he simply exercised his veto power.

“I understand why you oppose it. If you think about it from the other side, I believe you will understand.”

"The model we've figured out for opening a store is to break even in three months. After three months, who will be in charge of the store? It won't be you or me, but the store manager and the staff."

“At this point, you’re telling me that if we can’t provide them with a high enough income, why would anyone be willing to work for us wholeheartedly? Just because of the eight or ten thousand yuan salary we give them?”

“A truly capable person can earn this kind of income anywhere. If Tengsheng wants to truly retain its employees, it must provide them with income far exceeding their abilities. Only in this way will our stores not be eliminated by others in the future.”

Doing this is tantamount to taking money out of their pockets and distributing it to their employees.

Whether they understood or not, Chen Pingsheng was determined to do it.

Starting next month, the five stores in Beixin'an will implement this policy.

The top-up process in Shijingshan hasn't been completed yet; it's estimated that employee stock options won't be available until November.

Even Chen Pingsheng himself didn't expect that it was precisely because of this share issuance action that things would turn out this way.

Let Tengsheng quickly defeat Nongguoyuan in Shijingshan.

Even in the future, we will defeat one formidable opponent after another.

Its significance lies in enabling employees to actually earn money.

With salaries that are more than double those of the industry average, or even higher, employees will work incredibly hard for you.

This change in mindset resulted in positive customer feedback.

Over time, the opponents fell one by one.

...On her way home, Song Yanxi was still confused.

The main thing is that all the profits from the fruit go into her account.

Because of this, she will receive about 100,000 yuan less each month.

This is just the five stores in the Beixin'an area. If we add the five fruit supermarkets that have already opened in Shijingshan, it's even more impressive.

With the ten community stores that are about to open, we need to allocate at least 200,000 to 300,000 yuan to our employees every month.

That adds up to four or five million a year.

My heart aches so much I can't breathe.

She remained silent, so Chen Pingsheng comforted her, "What are you thinking about? Still can't figure it out?"

"Of course you won't feel the pinch if the money isn't in your pocket!"

Women are just petty, and Song Yanxi is no exception. It would be strange if she could understand giving so much to her employees every month.

Chen Pingsheng held her hand and said, "Yanxi, how long do we plan to start this business?"

"Nine months."

"Yes, it's been nine months."

Chen Pingsheng said, “Look at what you and I were like nine months ago, and what we are like now. I ran into a store manager from Beixin’an a few days ago. He’s been working with us since the beginning, and now we’re driving Bentleys, while he’s still worried about not being able to afford a wife.”

"If this continues, do you think he'll still be as devoted to us as before? Won't he start to resent us? Once those thoughts arise, they're hard to suppress. If the store manager is like this, how can the employees work properly?"

"If they don't work hard, who will make money for you, their boss?"

"Being a boss means knowing how to make choices. If you don't think about them today, don't expect them to think about you tomorrow."

Song Yanxi did attend high school, so her educational background is higher than his.

They also have a strong ability to learn.

Actually, if you think about it carefully, that makes sense.

The fruit industry is already tough, with long working hours for employees, and if they don't get satisfactory pay...

All management is meaningless.

Any so-called corporate dream is nothing more than empty promises made by the boss to satisfy hunger.

Chen Pingsheng still wanted to be a boss with a conscience.

At least in private, employees won't call you a heartless boss.

Giving away half of the profits was only the first step in his change.

He wants to enable his employees to truly earn money alongside him.

Song Yanxi had been huffing and puffing all night, sticking out her buttocks, when he got a little closer...

She stuck out her butt and pushed him aside.

Trying to tamper with a woman's secret stash of money without making her angry is clearly impossible.

Even if she comes to her senses, she still has to put on an angry face.

Let you know she's angry.

This is what women are.

Sometimes they can be quite unreasonable.

The next day, which was early September.

This is a big day! Little An'an is finally going to school.

She didn't care; it was just a matter of playing from kindergarten to Shijingshan No. 1 Primary School.

Sometimes Chen Pingsheng really wanted to complain.

Kids these days are something else!

They've been relying on their parents since they were little.

His family couldn't afford it when he was in kindergarten, so he attended the most ordinary school.

They start working hard as soon as they enter primary school.

In order to enroll their child in a good school, the couple first bought a small villa and then moved their headquarters to Shijingshi.

Later, they opened a shop and gave out red envelopes, which finally allowed Chen An'an to enter Shijingshan No. 1 Primary School as she wished.

And this is only the first primary school within the Fourth Ring Road.

Above that are the Third Ring Road, the Second Ring Road, and even truly elite elementary schools.

Is this still considered reading?
The competition starts from the moment you enter the school.

(End of this chapter)