My autobiography is definitely not a tragedy!-Chapter 741 - 453: Life is Full of Surprises

"Who? Who exactly came up with the financing plan?"

In the slightly shabby office of Welfare Bag, Brother Biao was also slamming his desk.

"I’ve only been on a business trip for a few days, right? How has our capital scale almost doubled? Didn’t I tell you all to lower the overall interest rate? How on Earth did so much new capital come in?

"Who did this? Dammit, come out and explain it to me!"

The underlings below exchanged glances.

Explain? What is there to explain?

In this line of business, everyone complains their pool isn’t big enough and scheming to grab funds. We’ve nearly doubled our funds recently, and our KPIs have skyrocketed—are you still not satisfied?

Brother Biao, his anger not subsided, scanned his gaze over everyone, finally resting on Ah Xing.

"Brother Biao, this has nothing to do with me, I’ve been busy bungee jumping at the amusement park these past two days, hardly coming to the office!" Ah Xing hastily cleared his own name.

Brother Biao: "..."

No involvement is no involvement, but what the hell is bungee jumping at the amusement park?

"So what exactly happened?"

"Well... boss, actually, the company’s performance today is all thanks to your wise decision..." Finally, a lackey stepped forward to remind.

"Me?" Brother Biao was taken aback.

"Yes, didn’t you forget that last month you launched a ’subsidy event’ to give back to users, unexpectedly the response was phenomenal.

From that day on, capital started gushing into the company’s account like a burst pipe, unstoppable..."

"Uh..."

Brother Biao was dumbstruck, only then did he remember such an incident.

But... I did that for a balanced budget, how did it turn into a promotional event?!

Damn it! I just wanted to put the wool back on the sheep, not to shear so much...

Unexpectedly, it had the opposite effect, and the flock came swarming...

While the wool per sheep might be less, one cannot ignore the rapid increase in numbers...

For intermediary platforms like theirs, a bigger capital pool means definitely more money to be made!

"Where did all the incoming money go?" he asked helplessly.

"It was lent out. Baiyeji and Ai Dou New Energy are strapped for cash, it got snapped up immediately, and since the interest was much lower than before, the commission got an extra 2 million, totalling 32 million."

Brother Biao: "..."

Just spent 30 million, and now 32 million has come back?

In the room, only Ah Xing could relate to Brother Biao’s complex feelings.

After everyone left, Ah Xing was holding back his laughter.

"Brother Biao, no matter what, making money is always good news, let’s be happy about it!"

Brother Biao glared at him, "What do you know? Making money is good, but to make money strategically, you must be prepared to lose money tactically.

We must stick to the principle of losing money for a hundred years without faltering!

Otherwise, no matter how much money you make, won’t it all be for nothing in the end!"

"Uh..." Ah Xing scratched his head.

Although a bit convoluted, from these various reversals, it seems like Brother Biao might have grasped the real essence of making money...

"So what should we do with this money? Hehe! How about we give out some extra bonuses this month?" Ah Xing rubbed his hands.

Brother Biao was speechless. "You’re a shareholder now, can’t you stop fixating on those bonuses? Can you give some constructive suggestions for once?"

"Then... how about another round of welfare?"

"Do you think I’m stupid?"

Once bitten, twice shy; it’s easy to spend money like throwing coins, but the side effects are huge!

All those startups know burning money can expand the market. I’m just suffering from lack of education here!

Without burning money, I can only make money, but burning money could indeed expand the business... What to do?

"How about this, we could also lend out the money! After all, Chairman Gao will take as much as we can lend."

Brother Biao, however, shook his head, "Lending money has to come with interest, right? They are all our people, they would definitely not want to give a low rate that makes us suffer, and it’s still better to let it devalue in a bank...

Moreover, do you really think we can just mess around with this market? Too much concentration of funds also poses risks..."

Make up a shell to get money from the market, then concentrate lending to one or a few customers, wouldn’t that constitute illegal you-know-what?

"But what you said has actually reminded me, lending money... indeed could be a good method to burn money..." Brother Biao pondered, stroking his chin.

Being an insider before, how could he not understand the principle that it’s easy to lend out money but hard to get it back?

In this money-driven society, making money is hard, but losing money is not?

Since the borrowers are rushing to give money, then I can only return the money equally on the lending side...

It seems it’s time to focus on expanding the downstream market...

"Let the brothers hurry up and disburse the funds, but there have to be two standards. First, the interest can’t be high, just go according to the cost of funds.

"Secondly, when working, have the brothers be friendly. It’s the current era already; we need to retract the old ways..." ƒreeωebnovel.ƈom

Brother Biao watched Ah Xing, who was frantically jotting down notes, and couldn’t help massaging his temples, then waved his hand.

"Forget it, organize it. Let’s have a recruitment fair tomorrow and hire a professional manager."

"A professional manager?"

"What else? Now the company is getting bigger and bigger; it can’t just rely on you to run it, right?" Brother Biao gave him a look.

"Isn’t there still you, Brother Biao? What if we hire another Hu Dazhi..."

Ah Xing obviously got bitten once and feared the rope for ten years.

"Ha! With our company’s current financial system, even if Hu Dazhi comes back, he’s like a mouse trying to pull a turtle; he won’t find anywhere to bite." Brother Biao said confidently.

The sourc𝗲 of this content is free(w)𝒆bnov(𝒆)l