Chapter 119 Celebration Banquet
Today is a rare weather, and the sky after the rain is cloudless.↖
The rainfall has made the earth less hot, and the sea breeze has blew away the remaining heat in the air, making people feel very comfortable.
The Tae Woo Building in Kwun Tong Industrial Zone is also a festive atmosphere. Ribbons hang down from the top of the building and connect to the surrounding low walls, decorating the entire building like a blooming flower.
Colorful colorful flags are everywhere, waving in the wind.
Outside the entrance on the first floor, an administrative officer directed his subordinates to hang a banner.
On the bright red silk, a line of big apricot yellow words were printed: "Warmly celebrate the establishment of the Lok Ma Chau Electronic Industrial Park and the Thanksgiving Conference."
In the hall, people coming and going were busy and arranged the venue in a hurry. They hung up colored lights, installed rotating spotlights, placed microphones, and debugged audio equipment. From time to time, a car with the word "hotel" stopped at the door, and then took plates of exquisite food and wine from the car, and sent them to the wall of the hall, on a table covered with snow-white tablecloth.
A square table was also placed at the main entrance, and several staff members were carefully stacking glasses layer by layer to form a wine tower about two meters high.
In order to prepare tonight's celebration banquet, the reception desk was temporarily changed into a bartender. Bartenders invited from several high-end bars in the port worked hard to wipe the wine glasses and bartenders, and moved boxes of high-end red wine and white wine behind the counter, waiting to show off their skills at night.
Fallen aromas came from the second-floor employee cafeteria and floated throughout the building along the corridor.
This is a famous chef invited from major hotels and restaurants, and is preparing tonight's hearty food. For the celebration banquet tonight, a variety of precious ingredients have been delivered in a row since the past few days, including traditional Chinese food such as abalone, bird's nest, as well as French meals such as red wine steak, foie gras sauce fried fresh shells, Japanese dishes such as tempura, sashimi, sushi, and Western dishes such as beef panya.
There are all kinds of delicacies such as Chinese, French, American, and Italian.
The fragrance is everywhere, inevitably arousing people's greed. The employees who come and go in the company are happily swallowing their saliva secretly, telling what kind of delicacies are there from the smell, looking forward to having a satisfying meal at night.
When people meet each other, words like "Do you know, I heard..." "Great things..." "I really can't imagine..." "Our boss is really capable..." blurted out, and everyone's face was filled with an uncontrollable smile.
Starting from after four o'clock in the afternoon, people who came to attend the evening banquet came one after another.
Most of these are small begging suppliers from Taiyu Technology, New Era, Sagitar Trading and other military sub-districts. Out of flattery, they came first, and most of them brought quotas, children, and festival costumes. The whole family went out. After they arrived, they took the initiative to report to the reception desk, gave thick red envelopes and gifts, and solemnly signed the name on the reception book.
Taiyu was well prepared. In addition to drawing a large number of young staff from Taiyu Technology, New Era, Sagitar Trading, etc., he also invited a group of students in several Chinese universities and girls' high schools. After a long period of emergency training, he temporarily served as a reception.
Every guest who arrived was welcomed by someone so that the guests would not feel coldly treated.
At about half past five, a blue Chevrolet sedan with a bright waxed body rushed over. It suddenly slowed down when approaching the entrance of the building. The wheels rubbed against the ground, making a harsh sound.
"**! Edmund, drive slowly, this is not the United States! And you have to remember that this is driving on the left. If you are not used to it, it's better to leave it to me!" Andy Pan was thrown by a sudden brake and rushed into the windshield, and almost hit the windshield, shouting angrily.
"Sorry, I remembered the wrong place and almost drove. Don't worry, I can drive at the age of twelve, and it's not a problem to go to the right or left." Edmund apologized with no sincerity. He saw the dense ribbons next to him from the car window, then looked up at the roof, and saw the advertisement of the light box at the top of the building. The light box has two Chinese and English signs. He looked familiar with the square characters but did not dare to confirm them, but the English letters were correct.
taiyoo!
That's right, it's here.
Edmund skillfully swung the steering wheel, and the body of the car turned sharply. Amid Andy's angry roar, he skillfully turned the front of the car and drove into the building parking lot.
"Does there so many rich people in Hong Kong? There have been so many cars parked, and many of them are expensive luxury cars!" Edmund whistled, shook his tail, and parked in the parking space accurately without pause.
"There are not so many rich people in Hong Kong, but all the rich people in Hong Kong have arrived here!" Andy warned, "Taiyu Technology is very popular. It is said that the Chinese government is behind it. Don't act too frivolously in the venue later, so as not to offend the other party."
Andy is an authentic British man, but his status is not yet high enough to be lifted out of high-level leadership. As an Oriental Adventurer Paradise, there are no less than 100,000 British people like him who come to Hong Kong to find gold.
Although he could not get inside information, the news from his friends was enough to make him respect Taiyu Technology, a rapidly rising behemoth.
What's more, they still have the same requests for each other.
"I won't do anything randomly. I was a child of a rich family and wouldn't embarrass you." Edmund knew better than him about his energy, so how could he be so stupid to provoke his master.
After the Hong Kong government launched the industrial park plan, the whole thing changed. Electrical giants from all over the world rushed to share the meal and squeezed all of them, such as the representatives of small companies, off the dining table. Just when everyone was discouraged and complained that they had been cheated by the Hong Kong government and were about to return home, Guan Fei sent someone to find them, saying that he did not expect things to turn out like this and apologized for it.
Guan Fei finally said that his promise was still valid.
If each company still intends to cooperate with him, he is willing to provide components and components to each company as promised to help them gain a foothold in Hong Kong.
Regarding Guan Fei's kindness, the members of the inspection team had two voices. One was discouraged, saying that since the big companies had intervened, it would be too difficult for them to win in this game, so they decided to quit.
On the other hand, they are more optimistic about starting a career in Hong Kong.
Edmund played a big role in this. He exchanged information with managers of these companies in private and persuaded them to stay. In his opinion, although Hong Kong has various shortcomings, it is an excellent choice as a place for starting a business for the first time.
Labor in Hong Kong is too cheap, with an average salary of only 1,300 Hong Kong dollars, which is only 276 US dollars!
Compared with the average wage level of nearly 900 US dollars in the United States, Hong Kong workers' wages are only one-third of that of American workers.
Even compared with the same cheap Japanese workers, they are only half of the other party.
Another thing is that Hong Kong is a British colony. After years of promoting English, about one-third of the people in Hong Kong can write, read English newspapers, and skillfully use English communication. As long as a group of managers who understand English are recruited, he does not have to worry about how to communicate with workers. There is no situation where chickens and ducks talk. This is particularly important in his opinion, even Japan, which has higher technical strength, cannot compare with it.
Even with the quality of workers, he does not think that the quality of workers in Hong Kong is low.
In terms of hard work, you can see workers who are bare-backed under the sun, holding the ground and falling eight petals in their arms, still working hard under the command of the foreman. Pedestrians on the street are rushing, and everyone seems to have clear goals, vigorous vitality, and the pace of life is so fast that they are approaching the United States.
In his opinion, such a place with low cost of entrepreneurship, hardworking and smooth communication, can never find a better place in the world than here.
What is the point of a worker's ability to be a little worse? As long as you follow the command and train for a period of time, you can get on the assembly line. All components and electronic components are provided by flying. You don't need these workers to do scientific research. At most, you can find experienced electronic technicians with high salaries. And the so-called high salaries are only two or three thousand Hong Kong dollars, which is as much as the blue-collar workers in the United States. This amount of money can't be afforded even a newly graduated college student in the United States.
As long as the company survives the difficulties in the early stages of entrepreneurship, it is not too late to consider hiring high-level researchers from Europe and the United States, or moving factories back to the United States to become bigger and stronger.
Under his lobbying, about one-third of the members of the delegation finally decided to stay.
Guan Fei also fulfilled his promise and immediately asked several venture capital companies, including the newly established Chuangke Investment Management Company, to review the operating reports of each company. The venture capital company responded very quickly. After just a few negotiations and revisions, it immediately signed an investment agreement, investing venture capital ranging from 100,000 to 500,000 Hong Kong dollars in each cooperative company, and jointly established more than ten new companies.
According to the agreement, depending on the size of the cooperative company, technical strength, marketing network scope, and risk, the venture capital company acquires 40 to 70% of the new company's shares, which is much gentler than those vampires in the United States. Moreover, the venture capital company promises to send only directors to supervise the in and out of funds and not interfere with the company's operations. Once the company is successfully listed in Hong Kong, London, Frankfurt, and the United States, most of the shares will be released and only 20 to 30% of the shares will be retained to continue to participate in the company's dividends.
Because Edmund had a strong ability and successfully convinced many companies to cooperate, Guan Fei once met him alone and gave him two choices.
One is to accept venture capital and establish its own tape recorder manufacturing company like other companies. Guan Fei promised to invest 200,000 Hong Kong dollars in it to seek 55% of the company's shares.
Another is to set up an industrial design company that is specifically responsible for the appearance design of game consoles, portable recorders, toys, etc.
Guan Fei admitted that although they have technical strength, they do not pay enough attention to the beauty of the product and focus on practicality, but do not do a good job in user experience. According to the user feedback collected by the company, there are quite complaints about the appearance of the product and the comfort of users when using it.
If Edmund is willing to turn to the direction of industrial design, Guan Fei is willing to provide him with a venture capital of HK$1 million and draw several professional designers from Taiyu Technology and Hasbro to join the company, and outsource most of Taiyu Technology and Hasbro's design business to design companies.
If the future is good, it is not impossible for a design company to become a giant in the industry. At least it will be much brighter than the future of portable recorder manufacturing, which has suddenly become fiercer in competition.
Edmund thought for several days, then called across the country to seek his father's opinions, and finally accepted Guan Fei's suggestion.
He took out $10,000 in savings and convinced Andy, an Englishman who had been engaged in toy design for a long time, the two had a joint venture of $18,000, totaling 84,000 Hong Kong dollars, plus the one million Hong Kong dollars invested by Guan Fei, to establish Edmund Andy Design Company. He holds 7% of the shares in the company and serves as general manager; Andy holds 3.5% of the shares and serves as deputy general manager.
In order to save costs and facilitate communication with customers, the two opened the company in a business building not far from Taiyu Technology and rented more than 200 square meters of offices. Using Andy's industry connections, they soon recruited several experienced designers. Together with six designers drawn by Taiyu Technology and Hasbro, they formed a twelve-person designer team, and then hired some clerks, interns, and a complete design company was born.
Hong Kong's cost is low. According to the calculations of the two people and the existing rent, wages and other expenses, even if the company does not have a penny of income, it is enough for them to support more than seven months, which is two months longer than the survival period of American startups that have been extinguished.
If the labor costs are tightened, they can last longer.
Fortunately, Guan Fei did not treat them as the target of pressing. On the third day of the company's establishment, he outsourcing and entrusting dozens of product design projects such as Transformers, arcades, portable audio recorders, desktop audio recorders, speakers, power amplifiers, etc. to the company.
If all these designs can be recognized, the company will receive a total of two million design fees, eliminating the possibility of bankruptcy in a short period of time and eliminating their worries.
Out of gratitude to Guan Fei and the idea of establishing a partnership, they received an invitation from the celebration banquet. The two bought a new suit and rushed to Taiyu Building in advance before the banquet began.
Looking at the welcome lady who was smiling at the door, Edmund felt infinite joy.
Although he was unable to realize his father's wish and revitalize his family business for the time being, he might go more smoothly and more successful on the other road!
Look, Father, I will definitely surpass you and make you proud of me!
Chapter completed!