BXBX NOVEL Chapter 170.1
Yi Feng smiled and shook his head, “It’s already in the bag, why chase? You guys play games. I still have things to be busy with.”
After speaking, Yi Feng returned to his position and continued to work.
With a laptop, it was possible to work remotely via QQ, but sometimes due to QQ server issues, it often lagged, barely managing to cope.
For important documents, they had to be sent and received via email, thankfully, having one’s own server setup made the process smoother.
“Ding Ding Ding—”
Han Ping’an sent a message.
Han Ping’an: “Feng, the renovation of the three internet cafes is nearing completion. Should we start preparing to bring in the equipment?”
Yi Feng: “Okay, then I’ll start preparing to purchase the machines. You keep an eye on the construction.”Han Ping’an: “Okay, Feng, I’ll wait for your notice.”
Yi Feng stroked his chin, thinking that with the internet cafe renovations almost done, it was time to talk about loans with the bank.
Three internet cafes, planning for 200 computers each, totaling 600. With mid-to-high-end configurations priced around 5000 yuan each, that’s a 3 million yuan cash investment!
If purchased in bulk, the price could drop to about 4000 yuan each, requiring an investment of 2.4 million yuan. Such a large sum, if invested using Xifeng Company’s cash, would inevitably strain cash flow.
Thus, Yi Feng planned from the start to use the bank’s money to make money, leveraging others’ money as the best method, of course, assuming the venture would yield sufficient excess returns.
Considering the current revenue capabilities of internet cafes, according to market research, the daily revenue per computer ranged between 60 to 100 yuan, fluctuating with different times. A 3 million investment could break even in just 3 to 4 months.
The internet cafe industry is currently so profitable that since 2001, various capitals have entered the market, and over a decade, various internet cafes have opened nationwide, becoming a memory for a generation.
Yi Feng planned to adopt an aggressive expansion strategy. Once these three internet cafes started operating and reached expected profitability, Yi Feng planned to leverage tens of millions of funds from the bank to spread chain internet cafes throughout Guangxi City.
After securing most of the market in Guangxi City within the year, replicate the business model to developed areas such as Shanghai, Shenzhen, Beijing, etc. First-tier cities have more consumption potential and it’s not yet time for a market downturn.
Within two years, spreading chain internet cafes throughout first-tier cities was also one of Yi Feng’s business goals.
Decided, Yi Feng took out his phone to call Huang He. During their last meal, he mentioned knowing some bank executives, which could be a line of help in case of financial issues.
Yi Feng stepped out of the dormitory just as the call connected.
“Hello, Little Feng, what’s up?” Huang He’s friendly voice came from the other end.
“Hey, Teacher Huang, are you busy right now? Am I disturbing you? I have something I’d like to ask you about.” Yi Feng said with a smile.
When asking for help over the phone, it’s important not to dive straight into business but to first ensure the other party is not too busy to talk, to avoid being abrupt, as part of basic social etiquette.
“Haha, I’m just drinking tea in my office, what’s up?” Huang He laughed heartily.
After a moment of thought, Yi Feng said, “It’s like this, Teacher Huang, my three internet cafes are nearly done with renovations, currently in the final stages. Next, I’m planning to apply for a business loan from the bank. You mentioned last time that you know some people inside the bank, right? I was hoping to find a time to talk.”
Huang He expressed surprise: “They’re finished with renovations already? Little Feng, you work very efficiently! Haha!”
“No problem, how much are you planning to borrow?”
Yi Feng: “3 million.”
Huang He paused, then said, “3 million, that’s not a small amount. I guess there are only a few banks that could lend that amount more conveniently. Some banks might have more complicated procedures. I recommend you start with talking to Guangdong Development Bank.”
“That’s a local bank. Though it’s not a big bank, it has been supporting small and micro enterprises recently with better policies, easier procedures, and more favorable conditions. With Xifeng Company’s qualifications, there shouldn’t be a problem getting the loan.”
“I happen to know their credit management department manager. I’ll help you arrange a dinner meeting.”
Hearing Huang He’s words, Yi Feng felt secretly pleased. Indeed, maintaining a good relationship with Huang He was very necessary.
Using the matter with Huang Xuanxuan to owe Huang He a favor, now asking him for help would definitely smooth things over.
“Haha, then I’ll thank you in advance. If there’s any news, just call me directly.” Yi Feng said happily.
Huang He: “Okay, I’ll arrange it as soon as possible. I know you’re starting school soon, I’ll try to arrange it for the weekend, so it’s convenient for everyone.”
“Alright, thanks, Teacher Huang.” Yi Feng responded with a laugh.
“By the way, how’s Xuanxuan these days? Is she following the documents to develop?”
Yi Feng caught up the matter of Huang Xuanxuan.
“She’s been in her room coding all day. She has to report to the University of Science and Technology in a few days, and she’s not preparing at all, just focusing on that. But it’s also good, prevents her from running wild, haha!”
“Not to mention, I have to thank you for that! You unearthed her talent in this area. I originally wanted her to study accounting, now I need to figure out how to transfer her to the computer science department.” Huang He said contentedly.
“Ah, it’s nothing. Xuanxuan finding her passion, being so smart and quick-witted, as long as she keeps at it, she’s bound to succeed.” Yi Feng praised.
Parents always feel satisfied hearing praise for their children.
“You make it sound so good, let’s see if she can keep it up, haha!” Huang He humbly replied.
The two then chatted casually before hanging up.
Yi Feng looked at his phone and chuckled lightly. This is the huge advantage of having connections.
For anyone wanting to succeed, especially in business, having a strong network of connections is extremely important. How to build an effective network in society has always been a profound question that can’t be understood without experiencing society and the effects of networking.
As they say in business, it’s important to have a benefactor, but this benefactor doesn’t just fall from the sky. You have to grasp the opportunity and maintain a good relationship with them to turn it into an opportunity.
Just as Yi Feng was about to return to his dormitory, his phone rang. It was a call from Gu Muxi.
“Hello, Xixi, missing me already?”
“Hmph~ So narcissistic, who, who misses you? I, I’m just hungry and was wondering if you want to go to the food street to grab something to eat.” Gu Muxi said with a blushing face and a pout on the other end of the phone.
“Sure, even though I’m not hungry, I can accompany you to walk around, hehe.” Yi Feng said indulgently.
Hearing this, Gu Muxi felt sweet inside, as if she had eaten honey.
“Okay, then it’s settled. Wait for me at the entrance of the girls’ dormitory building No. 12, see you later~ Hehe!” Gu Muxi said joyfully.
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