Release of the fairyland blue bird, the witch said she couldn't stand it

Chapter 235: Natural Obsolescence? An Unscrupulous Business Theory!

"In that case, why don't you ask me for a loan from Wansan Bank?"

Zhen Youqian's words immediately attracted more sarcasm from the conference room:
"Do you think you're smart?"

"I don't want to pay back the loan?"

"Do you think we are fools and that we won't settle accounts?"

"Originally, the businesses that would be settled in your Happy Land and Wansan Shop would consume a large amount of existing spirit stones. Loans can alleviate our immediate needs on the surface, but in essence, they will greatly increase our pressure in the short term. In addition to the consumption I just mentioned, the monthly repayments of principal and interest are another mountain. Just thinking about it is overwhelming."

"It's not like our Wansan Bank hasn't launched a long-term loan business, right?"

"Bah! There are hundreds of unfair clauses in the long-term loan business. It's even darker than the devil's way!"

"You're talking nonsense! We in the Demonic Path aren't that evil. Can you please stop defining us so casually? Can you please get rid of the prejudice you have against us in your heart?"

The parties soon started arguing over various issues, and some even got angry and started fighting.

understood
Jiang Chen nodded in agreement.

If you hadn't held the meeting, you wouldn't have known about it. After this meeting, a bunch of rotten problems were exposed.

Although the problem does not seem to be a big one at the moment, if no one brings it up, there will be no solution for a long time.

Young Master Long Xiang thought that these sects were deliberately slacking off.

Zhen Youqian complained that these sects would rather not have money to do business than borrow money.

The franchisees led by Yu Qingfeng have even more grievances.

The three parties that originally achieved mutual success are now full of hostility towards their respective upstream and downstream parties and blame each other.

If the company continues to develop in this way, it will sooner or later collapse.

What are they whispering about?

The three saints were confused, but they were not short of money anyway.

Under their wise and brave leadership, the resources of their respective holy lands have surpassed the peak of any previous Holy Lord!

Xiao Nan could understand some of it, but the Ca Nu Sect was not short of money at the moment, so she was not interested.

The girls in the Pink Building are now making a fortune.
‘Dong dong dong~’

Jiang Chen knocked on the table, and the people, with red faces, straightened their torn collars indignantly and sat down again.

"Well, I already understand the problem. It's very simple."

"Young Master Long Xiang and Zhen Youqian are young and ignorant."

"You're only focused on your own achievements and have ignored the objective and actual conditions of the major sects. As the saying goes, you have no right to speak without investigation."

"They neither investigated the needs nor understood the other party's psychology, but acted blindly based on subjective assumptions, which is why they made the classic mistake of left-leaning recklessness."

So it's all our fault?

Young Master Long Xiang and Zhen Youqian, who were traveling around the Lingqi Continent to expand their business, suddenly felt their eyes turn red when they heard this.

Everyone only sees their superficial beauty.

God knows how much suffering they have endured to achieve the success of their business today?
After a pause, Jiang Chen continued:
"Ultimately, it's because they're inexperienced, and both of them are employees of my Wansan Store. As the president of the group, I want to apologize to everyone first."

Having said that, Jiang Chen stood up and bowed deeply to the audience, but was reluctant to get up.

Everyone was stunned, and then they became panicked when they saw that Jiang Chen had no intention of getting up:
"Oh, it's okay, President. We didn't say we blame them."

"Yes, they work very hard. Zhen Youqian visits my sect five or six times a month."

"Yeah, we all see their attitude towards work."

"Mr. President, please don't blame them. We are also at fault."

"Ultimately, I just want to make things difficult for them."

"Ah, I've become a bit too senior, and I'm also too proud to talk to them about any difficulties or dissatisfaction I encounter."

These people who were of the same generation as their father, or even older than him, apologized to him. Young Master Long Xiang and Zhen Youqian were also panicked:

"No, no, no, senior, there's something wrong with us. We're not looking at the problem objectively enough."

"Long Xiang is right. We youngsters still lack experience. It's not that you're taking advantage of your seniority, it's our own problems that are bigger. Just because you have some authority, you want to show off your power. This is our fault."

Is that right?
Aren’t you good at summarizing?

If you try to force the blame, the end result will be that both sides will be disgusted.

Jiang Chen finally raised his waist:

"Now that we've discovered the problem, we'll solve it. It's actually quite easy to do."

"The cause of these problems is still the sect's insufficient cash flow, and the loan risk is relatively high, so we will start with the loan aspect." "We will provide three years of interest-free loans to eligible sects to reduce the pressure of borrowing, and we will also simplify the loan regulations as much as possible."

"Several special loans were opened at the same time."

"For example, if the sect needs to pay salaries, we can open a 'salary loan'. If the sect needs collective purchases, I can open a 'procurement' loan. These loan amounts are not interoperable with other loans."

"Our Wansan Group will also open various material loans."

"Just like what Qingluan Sword Master just said, in the later stage of attracting investment to the Land of Joy, purchasing raw materials, recruiting employees, etc., all of these can be 'borrowed' from our Wansan Shop. We have both the people and the supplies."

"This is Wei Yixiao, the head of the slaughtering department of Wansan Group. This is Xixi, the head of the agricultural research department of Wansan Store. You can add them as your Douyin friends and directly borrow raw materials from them. As for employees, you can contact Bai Xue. She has a good supply at a good price."

Um.
Many people nodded as they listened, and some employees of Wansan Group began to take notes. It was all thanks to Huang Wansan's good teaching.

If multiple loan channels are opened and the total amounts are not interchangeable, it seems that the repayment pressure is indeed much less?

"But while these loans are beneficial to us upfront, the repayment pressure later on will be even greater than taking out a direct loan now, right? Plus, the interest will compound, and the interest alone will be a terrifying amount."

hiss?
As soon as Venerable Xuelian said this, everyone reacted and turned their eyes to Jiang Chen.

The latter smiled slightly, as if he had been prepared:

"Therefore, our Wansan Bank will also launch an early repayment service. You only need to pay a small amount of penalty and then repay the remaining principal in full, so you don't have to pay high interest."

Prepayment?

This is a great idea.
"However, I believe that the purpose of our loan is not to repay the loan, but to use the borrowed spirit stones to do business and earn more spirit stones. We will discuss this point in the final summary. Does anyone have anything else to say?"

"Have!"

Taoist Huo Lian from Huo Lian Valley raised his hand:

"Mr. President, our refrigerators in Fire Refining Valley are not selling well. Since many weapon-refining sects merged into our Fire Refining Valley, our production capacity has increased, but the number of buyers has decreased."

Jiang Chen interrupted him:
"Isn't this a problem for the Fire Valley Product Development Department?"

"Uh"

Thinking that the rough blacksmiths were all relatively hard-headed, Jiang Chen said:

"Okay, since the refrigerator market is saturated, can't you expand and sell more? Are the other major market areas saturated?"

"Also, when you build a refrigerator, you must ensure that the quality is not too good. For example, starting with the material and the internal ice formation, the refrigerator will naturally become scrapped after running for a certain period of time."

Natural Obsolescence?

Everyone at the scene was scratching their heads, what a niche term.

Besides, things like refrigerators, theoretically, can last a lifetime without breaking down, right?
"Huh?" Taoist Huo Lian, who bore the brunt of the impact, was even more confused. "Why is this happening? Doesn't poor product quality mean it's uncompetitive in the market?"

Jiang Chen shook his head, thinking that these humans were not as smart as Shuanghua in business:

"Haha, think about it, if you and the Red Cloud Sect both sell refrigerators, and his will last a lifetime, while yours will break down after just a few years, what will be the consequences?"

"will appear"

Everyone began to ponder:
A cultivator who has bought a refrigerator from the Red Cloud Sect will never buy a new one again in his life.

The monks who bought the Fire Refining Valley refrigerator will definitely repurchase it if the refrigerator breaks down.

Even if the refrigerator you choose for repeat purchase is not necessarily produced in Huolian Valley, at least there will be a second consumption, right?
If the monks still buy Fire Refining Valley products, they will naturally become scrapped a second time, and then they will have to keep buying them back.
Jiang Chen smiled even brighter and gave the final winning theory:

"If the Valley Master were to talk to those weapon-refining sects and we all promote natural obsolescence, I think they would definitely agree, right?"

"hiss"

There was a sound of gasps in the conference room.

Mr. President, this move is absolutely unscrupulous!
It's okay to make money.

But how could the means be so brutal? !
Seeing Huang Wansan take out his notes and start recording the "Natural Obsolescence" theory that Jiang Chen had just mentioned, the others followed suit and picked up paper and pen.

This is a universal formula, you can apply it to anything!

"Also, besides refrigerators, you can also make something else, focusing on the people's livelihood market. The most common thing in the Spiritual Continent is general repair."

“For example, you build a water heater that can boil water.”

“For example, make an induction cooker that can reheat cold meals and skewers.”

"These are all possible. Can you draw inferences about other cases?"

"Life in the Spiritual Continent is changing rapidly. You must also learn to keep up with the times and make home appliances that are in line with the current version. Understand?"

Needless to say.

The enthusiastic applause in the conference room was enough to show that everyone present was impressed by Jiang Chen.

(End of this chapter)