My American magical life -
Chapter 677 - 677 119 The shortest distance between two points is a straight line but many roads in reality are winding_2
677: Chapter 119: The shortest distance between two points is a straight line, but many roads in reality are winding_2 677: Chapter 119: The shortest distance between two points is a straight line, but many roads in reality are winding_2 “Hmm, that’s a problem, let me think, the main thing is we must consider the creator’s experience, let me think.”
“Here’s what we’ll do, set a basic support time limit for creation.
If someone goes over time, their queue and data requirements for next time should be increased appropriately.
This way, we won’t damage their enthusiasm for creation and can still control the overall costs well, haha, I’m a genius.”
“Genius, sir, but I’m still worried about the amount of money you invested in the West Coast Media Research Institute.
The Paris creative center burned through nearly two million dollars in the first month, which is a third more than we expected.”
“Chan, I need to remind you that if the expansion rate stays the same and the burn rate doesn’t change, our cash flow will dry up in three months.”
“Several months of cash flow is already very dangerous for a startup, you need to go find money first.”
“Hahaha, so how’s your ft Online Travel Company doing, got money to invest in our MAS?”
“I don’t understand what those MAS clients are thinking.
ft spent four hundred thousand dollars on MAS advertising, but we brought in over eight hundred customers, and those who want to place ads actually think MAS’s advertising costs are too expensive.”
“Five hundred dollars per customer, can you turn a profit?”
“Of course, our per-customer price isn’t bad at all, we basically earn more than a thousand dollars on one order, and if you include business commissions, the profit averages out to three thousand dollars per order.”
The blonde couldn’t believe how easy it was to make money in cross-border travel, so easy that it was somewhat hard for her to believe.
“That’s the effect of digging into incremental growth, but you need to pay attention to the changes in ad traffic conversion, and adjust appropriately…”
“I know, I’m the general manager of MAS, I know everything you’re talking about.
So, what do you think we should do to develop our advertising business?”
“No rush, take it slow.
Once we’re done with this order in Hawaii, the following business will be easier to handle.
My idea is to sign big contracts as much as possible.
As for the small ones, like biting a mosquito leg, twenty thousand dollars, it seems unnecessary to go below this number.”
The blonde thought CEO Cheng was going to set a much higher price, but it turned out to be twenty thousand dollars.
She was slightly speechless.
“We could establish a new production company in the central region, like Missouri, where the costs are low, especially for small orders.
We can’t let even the mosquito leg profits slip away, after all, we are short on money right now.”
Lisa was so thoughtful that CEO Cheng felt moved.
MAS’s advertising production business was partially self-produced, of course, if the client had special requirements or brought in a professional company, MAS wouldn’t reject them.
Low-budget ads require low-budget production.
Establishing a new company in a low-cost state is indeed a good way to pick up small business.
Even deals below twenty thousand dollars had to be taken, showing how much pressure Lisa, as MAS’s housekeeper, was under.
“Your suggestion is good, we can start working on that, but financing for the company is actually easy to resolve.
It’s just that I have more demands on the investors for the next round of funding, Lisa, you don’t have to be under so much pressure.”
“My pressure mainly comes from you, you have too many ideas, but MAS doesn’t have enough people for you to play with.
So, let’s continue to expand and hire more people, it’ll make my life easier too.”
“I have a suggestion, MAS could help your ft beautify its financial statements.
Let ft expand more over the next six months, and we aim to sell it in the second half of 2019.”
CEO Cheng was on the same wavelength as Lisa, after all, the changing market environment and force majeure factors were there, and ft’s small but beautiful model was too suitable for acquisition — listed companies loved acquiring small companies with simple models and attractive cash flows.
“Ah?
Beautifying financial statements, isn’t that inappropriate?”
The blonde knew what CEO Cheng meant; she was a bit coy.
She could accept selling the company—after all, she didn’t plan to be trapped forever in the quagmire of making money.
But financial magic was a bit too much for Lisa to accept.
“You’re a high executive and shareholder of MAS, whether we beautify it or not, future buyers will always look at us with tinted glasses.
This is America, you know.”
Seeing that Lisa was somewhat moved, CEO Cheng chose to strike while the iron was hot.
“The marginal effect of new increments will gradually become apparent over time.
Use six months to boost performance, and try to reach over twenty million dollars in monthly turnover by May or June.
Then ft’s profit can surge to tens of millions a year, making the valuation easier to talk about, what do you think?”
“Will those giants acquire us?
Our model is too simple.”
“Hah, don’t worry about that.
Listed companies need to improve their reports or have something favorable.
There are so many giants in the cultural tourism industry worldwide; someone will be willing to pay.
And even if we can’t sell, it doesn’t affect our normal profits.
We can just earn money slowly.
What I’m considering is, after MAS stabilizes, I’ll have a new major project, and at that time, I’ll need you to help me.”
CEO Cheng’s trust in Lisa was about as high as it gets; she could be considered his best right-hand in business.
“What project?”
“Online office software.
You also know I have to hold trans-oceanic web conferences every day.
These days, my ideas about online office are becoming clearer and clearer; I want to make the best online office software.”
This reason was very strong; Lisa watched CEO Cheng work like Superman every day, so she very much understood his needs for online office software.
“But I don’t understand the internet, and you don’t seem to either.”
“People in the internet business come up with a bunch of special terms, making it seem as though they’re very special, but in reality, it’s just about making a great product and then getting enough people to use it, that’s all.”
“You don’t have to worry too much; when this business starts, I estimate we’ll have no problem with funding.
Money comes first.
With enough money, it’s easy to settle both the technology and the talent.”
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