Reborn as a tycoon in Hong Kong

Bill Gates and Paul Allen considered it for nearly half a month before replying to Lin Baicheng. They agreed to guarantee the loan, and the three shareholders guaranteed the US$5 million loan in accordance with their respective shareholding ratios.

Once the company fails to perform well and goes bankrupt in the future and has no money to repay the US$5 million, the three shareholders will have to repay the money according to their respective shareholding ratios. In other words, Bill Gates and Paul Allen must repay Lin Baicheng corresponding amounts according to their respective shareholding ratios.

Although there were risks, Bill Gates and Paul Allen decided to agree after considering it.

After these days of investigation and consideration, they found that the operating system did have great potential, and the initial investment in R\u0026D to recruit people and people was less than US$5 million, so even if the operating system failed, the company still had the capital to make a comeback. , and it won’t go bankrupt all of a sudden.

More importantly, Bill Gates had lofty goals when he chose to drop out of school and start a company. A small company could not satisfy him, so he was willing to take a big shot.

After Bill Gates and Paul Allen agreed, Lin Baicheng asked Isabella to handle the matter, sign the contract, transfer funds, etc.

It's April, and more than half a month has passed since the Rubik's Cube went on sale.

Lin Baicheng came to Starlight Company specifically to listen to Eric's report.

"BOSS, as of yesterday, the last day of March, excluding the resold store, the company's stores have increased by 41, and now it has reached 80 stores."

"Except for five of these 80 stores in New York, the others are in California. They are now spread across all cities and important counties and towns in California. The entire California channel has been basically established. All that needs to be done next is Supplement that and create a pipeline across the entire state.”

With the previous experience and sufficient funds, Eric Davis's pace of channel expansion will naturally become faster and faster.

"However, there were still only 40 stores put into operation in March, and 39 were owned by the company."

It takes time to select a store location, negotiate a good price to buy it, then renovate it, arrange for someone to be the store manager, recruit store clerks, etc. All of this takes time.

"Based on 40 stores, the total revenue in March was US$2.9 million. Compared with last month's revenue of US$2.4 million, it increased by about 20.8% year-on-year."

Hearing this, Lin Baicheng nodded, and then asked: "Excluding the income from the Rubik's Cube, what is the revenue this month?"

These figures were all in Eric's mind, so he replied without thinking: "Excluding Rubik's Cube revenue, it is about 2.7 million US dollars, a year-on-year revenue increase of 12.5%."

Lin Baicheng asked: "What about the profit? If you don't include the Rubik's Cube, it's about 270,000 US dollars?"

"Yes!"

Eric nodded.

A profit of 10% of revenue is barely acceptable. However, after deducting employee salaries, taxes and other expenses, the net profit attributed to Lin Baicheng, the boss, is only about 5% of the total revenue.

Such a small profit is nothing compared to Lin Baicheng's investment. It will take at least many years to recover the cost.

However, this is when the channel only sells toys from other companies, and it is different if it sells its own products.

Lin Baicheng said: "The sales volume of the Rubik's Cube in March was 200,000 US dollars. A Rubik's Cube sold for 20 US dollars, which means that about 10,000 units were sold. On average, if we count 40 stores, each store sold 250 units. This is But it’s more than half a month’s sales.”

Eric explained: "BOSS, when we first launched the promotion, the sales volume of the Rubik's Cube was not high, but as time goes by, the sales volume of the Rubik's Cube is increasing every day, and yesterday's sales reached 2,000. I believe it will break through to 3,000 in a few days.”

Isabella said: "BOSS, the price of the Rubik's Cube is not cheap, at least for ordinary families, so the Rubik's Cube sells better in economically developed areas. Therefore, I discussed with Manager Eric, Next, the company's store expansion will mainly focus on economically developed areas, and slowly expand to areas across the country. As time goes by, the Rubik's Cube trend will surely sweep across the country and be known to more people."

"If you think this is appropriate, then go ahead and do it."

Lin Baicheng nodded, and then said: "I will inject another 10 million U.S. dollars into Starlight Company to expand the channel." Lin Baicheng did not bring much money to the United States this time, only 30 million U.S. dollars. He had already given it to Starlight Company gave US$10 million, and this time it gave another US$10 million. The remaining US$10 million was given to New Century Software Company and Microsoft Corporation respectively.

In other words, if funds are still needed, Lin Baicheng has no money for the time being.

Eric heard this and said: "BOSS, if you spend 10 million US dollars, you won't be able to open many stores in cities such as New York and Washington, so this money is probably not enough."

"I know that."

Lin Baicheng knew this well. He said: "Use this money for expansion first, and I will see if there is any capital investment later. If there is no money, then just find a bank. Anyway, our stores are our own." , you can definitely get a mortgage loan from a bank.”

Although if you do this, excluding its own toy Rubik's Cube, Starlight Company can basically say that it will not make money, but the expansion of channel scale is more important, and it is completely okay not to make money for the time being.

"When the US$10 million invested is spent, if you go to the bank for a loan at that time, you should be able to get a loan of US$30 million or more."

Isabella said aloud that after all the calculations, the boss’s investment was almost 30 million U.S. dollars. With the complete channels and the store itself being profitable, there would definitely be a premium, so she was confident that she could get a loan of 30 million U.S. dollars from the bank. funds.

"We'll talk about the loan later."

Lin Baicheng nodded and said: "The most important thing now is to sell the Rubik's Cube well. My goal is to sell 500,000 units this year, so you have to work harder."

In fact, Lin Baicheng can't make much money from 500,000 Rubik's cubes. After all, even if each one is sold for 20 US dollars, the revenue will only be 10 million US dollars. After deducting costs, taxes, freight and other expenses, as well as possible price cuts later, Lin Baicheng can earn even less.

However, the long-term sales volume of Rubik's Cubes is at least tens or even hundreds of millions. Even if Lin Baicheng earns tens of millions of dollars in a few years, that is still a lot.

With a sales volume of 500,000 units without authorizing sales to other toy companies, Eric still feels the pressure, but this is not an impossible goal, and he will try his best to achieve it.

Pressure, from another perspective, is also motivation. Once he achieves his goal, or even exceeds it, then his ability will be revealed.

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