Losing Money to Be a Tycoon - Chapter 545

Chapter 545 It’s Time For Us To Copy Mr. Wang’s Answer!
Pei Qian only had one feeling now: he was really stupid.

I simply thought that there would be no way for Ming Yun Private Kitchen to make more money as long as their reservations were full.

He never thought that Quanmin Reviews actually stepped in!

Quanmin Reviews started the topic, and the reputation of the nameless restaurant was transformed into real traffic with some hype. It became real money after it was guided to the other industries of Tengda!

What was worse was that this topic seemed to have exposed some information in advance.

The Thriller Hostel!

Pei Qian’s original plan was to work on the Thriller Hostel secretly. Promotion by Boss Li would only be something to worry about when the construction was almost done.

However, it was now exposed in this topic!

Of course, the Thriller Hostel was not completed yet. Most projects were undergoing intensive final touches. The completion of the Golden Maze was even lower. It would take another month at least before it could be open for trial operation.

However, the problem was that the person could not obtain a reservation at Ming Yun Private Kitchen just because they wanted to eat there…

Many people started making reservations now that it was a huge discussion point. The Thriller Hostel would be officially opened for business when they could finally eat there. The timing was just right. Pei Qian looked at Li Shi’s smile and realized that he definitely had a hand in this. Why else would a low profile project like Thriller Hostel be deliberately added to this topic?

Boss Li must have talked!

However, Pei Qian did not know what else to say but to feel that his heart was heavy, looking at the friendly smile on the faces of these two.

“Boss Wang, I have to thank you. I suddenly remember that I have something else. I’ll take my leave first if there is nothing else.”

Boss Pei said these things through gritted teeth.

Wang Peng was stunned momentarily before he hurriedly replied. “Sure Boss Pei, feel free to contact me if you have any questions about the topic at any time!”

Wang Peng scratched his head, a little confused after watching Boss Pei leave. “Boss Li, why doesn’t Boss Pei look happy at all?”

Li Shi laughed. “No issues, Boss Wang, you are not used to Boss Pei’s style. You’ll get used to it if you deal with him often like me. Boss Pei is an actor. You cannot take his emotions at face value. He often hid a knife in his smile. You have to be vigilant at this point.

“On the contrary, you have given him tangible benefits. He might not have much response on the surface and might even appear cold, but he will definitely pay you back in some way afterward.

“Well, he is a business genius; how can his thoughts be easily understood by ordinary people? He must cover it up with a mask. Only those who spent a long time with him would be able to understand his true thoughts.”

Wang Peng was suddenly enlightened. “Oh! I understand now! Would I be able to become friends with Boss Pei in the future then?”

Li Shi smiled. “You’re walking in the right direction at least, Boss Wang.”

Wang Peng nodded, thinking it was great to have someone like Boss Li to guide him. Otherwise, he would not understand Boss Pei’s character!

Pei Qian rushed straight to Fish-Catching Take-Out No.1 store immediately after leaving Fish-Catching Internet Cafe. That was because he suddenly realized something very serious.

Quanmin Reviews especially recommended Fish-Catching Take-Out!

Fish-Catching Take-Out was Boss Pei’s pet now. Wouldn’t he die on the spot if it were to become profitable?

He had to ensure Fish-Catching Take-Out’s safety immediately!

Pei Qian was originally puzzled. The Quanmin Reviews would also have a takeaway business, right? Wouldn’t Fish-Catching Take-Out be a competitor? Why would they recommend Fish-Catching Take-Out then?

However, Pei Qian finally figured it out after checking the Qiandu search engine and combining some of his previous memories.

The Quanmin Reviews had nothing to do with take-outs currently.

Quanmin Reviews should issue a joint statement with this certain food delivery software three or four years later, announcing that it had reached strategic cooperation. They were still in cooperation now. The two concepts of ‘group-buying’ and ‘local living platform’ were inseparable.

What more the current Fish-Catching Take-Out. In the eyes of an outsider, it was more towards fast food ‘home-delivery’ rather than a takeaway platform.

That was because Fish-Catching Take-Out actually delivered their own meals and did not invite other merchants to join in. They did not engage in scoring, ratings, or sorting. The general direction obviously did not constitute a competitive relationship with Quanmin Reviews.

That was why the Quanmin Reviews was willing to give so many recommendations to Fish-Catching Take-Out.

In short, he still had to ensure that Fish-Catching Take-Out was out of danger!

He would first ask Rui Yuchen in a face-to-face conversation then check with the Manage Loss Trainee. He would have to take decisive measures to nip profitability in the bud before they happened!

As to what kind of decisive measures he should take…

He would have to decide based on the situation.

Pei Qian came to the Fish-Catching Take-Out No. 1 store in no time. It was also where the Gourmet Laboratory was. “Boss Pei?”

Rui Yuchen was camouflaging as a waiter again. He was a little surprised to see Boss Pei here again personally.

The two customers who had just left seemed to have eaten the new products of the Gourmet Laboratory and provided some opinions. Rui Yuchen was recording them down seriously, preparing to submit it to the Gourmet Laboratory for improvement.

Pei Qian decided to cut the long story short. “Nothing much, I just want to know Fish-Catching Take-Out’s current situation.”

Rui Yuchen thought for a while. “Everything is going well, Boss Pei, they are all going according to your plan.”

Pei Qian: “…”

Do you even know what my plan is?! How would you know if it was going according to my plan or not?! My plan was to have Fish-Catching Take-Out to keep losing money, never earning it back!

Pei Qian coughed lightly. “Can you be more specific? There should be no surplus in the books right now, right?”

Rui Yuchen nodded. “Don’t worry, Boss Pei, I have used all the funds including all the funds you have allocated to open branches strictly in accordance with your requirements. I left absolutely no money!”

Pei Qian felt a little relieved before he asked. “Then, how much of a gap is there if we are to achieve a turnaround?”

“Uh…” Rui Yuchen pondered for a moment. “It is not easy to estimate, Boss Pei. I can only say that even if everything were to go well, it should not be possible to turn profitable in the next few months.

“We burnt too much money in the early stages after all. Various expenses such as opening branches, salaries, etc. are very…”

Ses

Rui Yuchen gave a brief about the current situation. In short, the capital requirement for Fish-Catching Take-Out had been high and the profit was low to begin with. They would need a significant increase in customers recently to be able to turn profitable. Yes, so this possibility would not happen in the short term. Pei Qian nodded slightly. “Then, what if Quanmin Reviews were to give Fish-Catching Take-Out a special long term recommendation?”.

m

.

Rui Yuchen’s eyes brightened up. “Really?” Pei Qian’s mouth twitched. “What will happen?”

Rui Yuchen thought about it carefully. “Uh, having such a recommendation is, of course, a good thing. However, such recommendations would usually be more long term and have a subtle effect. It will not be particularly obvious in the short term.

“However, it would always be good if Boss Pei were to be able to get such a recommendation for Fish-Catching Take-Out!”

Pei Qian heaved a sigh of relief. Alright, it’s great if it would not have much of an impact in the short term. He had high hopes for Fish-Catching Take-Out. Please don’t let anything happen to it.

Pei Qian felt much better after hearing from Rui Yuchen that it would take several months at least to turn the losses into profits even in the best case.

He could then concentrate on other areas that needed worrying about: the Deposit Fitness for example… The impact of this comprehensive review was too great after all. It basically included all the other Tengda departments still in the red.

Fortunately, the Sloth Apartments was a very low-key project. There was no publicity so it temporarily managed to scrape through.

“I understand, keep the status quo then!”

Rui Yuchen was filled with rigor once again after he watched Boss Pei leave. It seemed like Boss Pei did attach great importance to Fish-Catching Take-Out!

Boss Pei might be busy with work, but he personally came to No. 1 store to inquire about what was currently happening.

The most important was that he actually received an important recommendation from Quanmin Reviews. That was very helpful for the long-term planning of Fish-Catching Take-Out!

Rui Yuchen integrated the previously collated improvement plans and handed them to the back kitchen so that they could make a new menu based on it. He was just about to rest for a while when he raised his head and saw someone he knew.

“Brother Lin?”

“You’re a little late; Boss Pei just left.”

Rui Yuchen got Lin Canrong to sit down.

Lin Canrong visibly felt a little strange. “Boss Pei was here? What a pity then. I wanted to thank him in person and also to tell him my new insights.”

Rui Yuchen: “Then it should be alright. Boss Rui is not someone who would care about such small details. What do you want to thank Boss Pei for?”

“Of course, it is to thank Boss Pei for telling me to find my true position in the F&B industry!” Lin Canrong replied seriously. Rui Yuchen was taken aback. “Hmm? What do you mean?”

Lin Canrong took a sip from his drink before asking. “You should know about foreign food bloggers, right?”

Rui Yuchen nodded. “Yes, I heard of them.”

Lin Canrong had discussed with Rui Yuchen about Boss Pei’s true intentions for not allowing Ming Yun Private Kitchen to open branches. That was because the rare resource of such a high-end restaurant lied in its chef.

Ming Yun Private Kitchen’s chefs were poached from all over the country at a high price. Such talents could not be mass-produced. Therefore, it was impossible to guarantee the quality from the branches.

Lin Canrong invested all of his money into employee training and really reaped rewards after he understood this point.

However, it was obvious that Lin Canrong now had new insights.

“Previously, I naively thought that Boss Pei’s thinking was only until this step, but I now understood that the naive one was me!

“I originally thought that Ming Yun Private Kitchen would only increase its foreign guests and increase a bit of popularity if it was recommended by well-known foreign food bloggers. “However, I’m deeply inspired now, seeing the methodology with Quanmin Reviews! Turning word-of-mouth into popularity then into traffic before transforming it into benefits in other areas!”

“The premise of all these was so that Ming Yun Private Kitchen could provide customers with the best taste and into a high-end F&B brand by the public!”

Rui Yuchen nodded. “Yes, that’s the case, and then?”

Lin Canrong smiled slightly. “Boss Wang has shown us the correct solution to Boss Pei’s thinking. The next step is of course to copy homework!”“Let us go back to that very first question and think carefully.”

“Why would Boss Pei continue to invest here if he knows that Ming Yun Private Kitchen cannot make much more money? It is obviously for a higher reputation to be exchanged for more popularity and more

profit…”

“Obviously, Boss Pei had long thought of using reputation to exchange for popularity for other areas to obtain more revenue.”

“However, Boss Wang of Quanmin Reviews guessed it before us!”

“In fact, thinking carefully about it, it should be a surprise because if you think about the routine of Boss Pei, it seemed to be prepared for us! Now I understand, the branch I was struggling with previously had always been there. Isn’t that just Fish-Catching Take-Out?” Rui Yuchen was taken aback. “Brother Lin, you mean…”

Lin Canrong smiled slightly. “The number of great chefs is limited. You wouldn’t be able to find such good chefs; neither would you be able to use top-grade ingredients. What difference does that have with Fish-Catching Take-Out?”

“We are both F&B even though we are from different departments. Wouldn’t it meet Boss Pei’s expectations if we can use the reputation of Ming Yun Private Kitchen, which is the nameless restaurant, and translate a part of it to become a cheaper version in Fish-Catching Take-Out?”