The wealthy entrepreneur: I want to support millions of employees!.

Chapter 178 Jiuxiang Food’s overstocked inventory! Follow the lead of snack giants!

After the establishment of Jufan Holdings, Su Yang started recruiting people, mainly in finance and personnel.

But he now owns six companies after all.

Some managers and employees were simply transferred from the six subsidiaries.

Financial Director Su Yang transferred Guo Xueqin, the Finance Manager of Xinghuo Fitness.

This is a finance manager who has little presence.

Or maybe it could be said that the Spark Fitness Headquarters has never had much presence!
But Guo Xueqin's advantage lies in her excellent ability, harmonious family and loyalty level exceeding 85.

He ranks second in loyalty among the financial managers of all Su Yang's companies.

This kind of executive who rarely comes into contact with Su Yang and whose loyalty increases quickly is quite rare!

Subsequently, Su Yang hired Dong Zengjie through a headhunting company to serve as the executive director, responsible for human resources and office.

Dong Zengjie is in his forties and works as the executive director of a local group company in Rongcheng.

Su Yang offered an annual salary of 600,000 to recruit him!
After Dong Zengjie joined the company, he became responsible for recruiting headquarters staff.

However, in the short term, Jufan Holdings will not have many formal employees.

After all, Jufan Holdings is not engaged in production, but is mainly responsible for management.

From the legal department, Su Yang transferred Fan Jinding, the former legal manager of Jiuxiang Catering.

Zhou Jianjun was also hired from Hongyu Law Firm as legal advisor.

After Jufan Holdings was established, Su Yang also gathered the general managers, directors, and deputy general managers of six companies including Jiuxiang Catering for a meeting.

The main purpose is to familiarize everyone and facilitate future collaboration between companies.

After all, this was also his original intention in establishing the holding company!
By the time we had settled all the matters concerning the holding company, it was already mid-May.

During this period, Jiuxiang Catering Weimeijia rented two more stores for renovation.

Jiuxiang Food, the cafeteria managed by Wei Meijia is also under renovation and is expected to open in June.

The development in the mountain city is relatively smooth. With the help of the employees of the market development department, Jiuxiang Catering has rented another good store. All stores are still under renovation.

Employees recruited from the mountain city are still undergoing training, including candidate store managers!

Overall, Jiuxiang Catering has developed quite low-key in the mountain city.

It feels like the Japanese sneaked into the village!
Jiuxiang Food’s turnover in April exceeded 25 million.

This is an increase of more than 8 million compared to last month, which is a pretty good result.

If it continues like this, Jiuxiang Food will soon be able to break even.

However, the development of Jiuxiang Food has not been really smooth.

The seemingly beautiful sales growth trend actually hides a crisis!

Tan Yanghong has already reported to Su Yang that Jiuxiang Food is already under great inventory pressure, and a large part of its working capital has been accumulated in the warehouse.

If this continues, inventory pressure will only increase!
Snacks are not clothes, nor are they other industrial products, and their shelf life is relatively short.

If the inventory cannot be sold in the short term, it will have to be destroyed!

If nearly tens of millions of goods were destroyed due to expiration... Su Yang felt like vomiting blood!
Five hundred skilled workers working eight hours a day, even with two days off a week, is quite terrifying!

So now Su Yang has no plans to give his employees a salary increase in the short term.

Otherwise, the harder those 500 employees work, the more inventory will be squeezed in his warehouse.

This was the first time that Su Yang experienced the disadvantages of having too many employees in a factory!
Of course, facing the somewhat nervous and worried Tan Yanghong, Su Yang still smiled and comforted him.

He couldn't possibly blame Tan Yanghong. After all, when he was frantically recruiting workers, Tan Yanghong had already mentioned to him the possibility of inventory pressure!

A normal factory will only recruit workers and expand its scale when business is good.

Su Yang went to expand the scale first!

His company’s accounts do not show much loss now, but in fact a lot of funds and profits have been piled up in the warehouse.

Therefore, Su Yang must continue to increase the marketing expenses of Jiuxiang Food.

Su Yang thought about it and decided to give Jiuxiang Food another 15 million, of which 5 million would be used to maintain the operation of Jiuxiang Food and 10 million would be used for marketing.

This is the largest amount of money Su Yang has spent on publicity since he started investing!
This time, the marketing expenses will not only be given to Spark Media, but also to major e-commerce platforms. Ten million is actually not a lot!
The domestic snack giants easily spend over 100 million or even over 1 billion yuan on marketing each year.

Compared to the more than 3 million cash that Jiuxiang Food returns to him every month, Su Yang would not feel too bad about spending the 10 million!
And with his current monthly income, he may be able to spend over 100 million on marketing and catch up with the food giants!

The snack business is still relatively profitable in the country, and it is not impossible for the turnover to exceed billions!
There were two million left, and Su Yang left one million for the head office to maintain its operation.

The remaining one million was transferred to Spark Media!

Although Jiuxiang Catering is still expanding, its cash flow is still relatively sufficient.

Last month, Su Yang also transferred four million to Jiuxiang Catering.

In addition, Jiuxiang Catering now has a net profit of about two million per month, so there will be no problem in May.

Once Jiuxiang Catering has established a firm foothold in the mountain city, Su Yang will probably accept Ji Guoxiong's advice and slow down the pace of Jiuxiang Catering's development of its hotpot chain stores.

In addition to digesting the existing market share, we must also strengthen the assessment, management and training of employees and store managers.

We also need to increase the reserve of various talents to add more foundation to Jiuxiang Hotpot.

Jiuxiang Catering will not be idle either, after all, it also has the Weimeijia brand.

Of course, this series of operations are now under the charge of the Finance Department of Suyang Jufan Holding Corporation.

Su Yang just needs to transfer the money to the head office account!

After finishing all this, Su Yang finally breathed a sigh of relief.

Then he received an invitation from Ou Xiaoning, saying that they wanted to go to another bar to listen to music.

Su Yang immediately became interested.

After being busy for half a month, shouldn't he take a break?
Following the navigation on his phone, Su Yang entered the bar and found that it was different from the Green Bar he used to go to.

The bar was playing soothing light music, the environment was relatively quiet, and there were no disco or dancing girls.

The bar was large, and when he came in, there was a handsome bartender mixing drinks in a fancy way.

It should be a clean place, the environment is pretty good!
Su Yang saw Huang Quan, Ou Xiaoning and Zhan Qingfei at first glance.

Sitting in the empty seat, Su Yang asked curiously, "Li Hongrong didn't come?"

Ou Xiaoning curled her lips and said, "I guess he went there to accompany some woman!"

"Li Hongrong changes girlfriends faster than he changes clothes!" Zhan Qingfei laughed, "I've always suspected that he insists on working out because he's afraid of breaking down."

Huang Quan rolled his eyes at Zhan Qingfei and said, "How dare you say that about him? You're not a good person either!"

She had not forgotten the last time Zhan Qingfei left her behind with a woman.

Zhan Qingfei quickly said, "Okay! I won't say anything!"

Huang Quan complained: "You should learn from Brother Su and stop idle away all day long!"

Zhan Qingfei looked at Ou Xiaoning. He actually had a job, while Ou Xiaoning was the unemployed vagrant.

Ou Xiaoning, who was pouring wine for Su Yang, felt depressed. Why were they talking about him for no reason?

Ou Xiaoning didn't want to talk about work, so he changed the subject: "Brother Su, where have you been recently? We can't even get you together!"

Zhan Qingfei also joked, "That's right, Huang Quan couldn't even date you, she was very depressed at the time!"

Huang Quan glared at Zhan Qingfei and told him to shut up.

Su Yang took a sip of beer to moisten his throat: "I went on a trip in April, and was busy with company matters in May. I just managed to find some time recently."

Huang Quan asked curiously: "Travel? Where to travel?"

"There's something going on in the company around Rongcheng, so it's not a good idea to go too far!"

Huang Quan asked again: "With your family?"

“With friends!”

"Oh~ friend!"

Zhan Qingfei smiled meaningfully.

Ou Xiaoning also started laughing!

(End of this chapter)