Chapter 239 Can Afford to Lose
By mid-February of the lunar calendar, we had sent out a lot of lawyers' letters demanding payment, and they were quite effective. Money could be seen in the company's account. As the rest of the lawyers' letters were useless, we had no choice but to sue.
Cases like this involving unpaid debts are generally won, but for debts that are difficult to collect, you may not get the money even if you win, and in the end you have to enforce it.
Anyway, this is a very long battle and there is no point in getting anxious. Just cooperate with the lawyer.
Cui Xiuyuan and Cui Changjia said that the factory could withdraw 500,000 yuan to repay the capital raised.
But Cui Changjia only wanted to pay back 200,000 yuan, and she had a use for the remaining 300,000 yuan.
In the middle of February in the lunar calendar, the daytime weather has become slightly warmer and the willow branches have turned a little green.
Cui Changjia looked at the remaining debt list and said, "Brother, pay back Lü Lichao and Duan Jinyun first. They owe 100,000 each, so let's pay back 200,000 first."
These two people were originally agents of other brands in the furniture store. Because they had a good relationship with Cui Wenquan, they also invested money in it at that time.
"Let's pay back Lian Rui and Mr. Xu from the hotel together. We have enough money in our account. If we pay back one more person, we will owe one less favor."
Cui Xiuyuan thought that the more he could pay back, the better.
Cui Changjia disagreed, "Brother, I think the retail model I thought of before can be implemented."
"It will take at least thirty or fifty dollars to get this investment," Cui Xiuyuan said under great pressure. "Jia Jia, I think we should start doing it in the second half of the year."
The office furniture business seems to be doing well. He estimates that they can make at least 300,000 yuan in profit in the first half of this year. If they use the profit for investment, they will be much more relaxed.
Cui Changjia had a different opinion. "Brother, we need to find a suitable shop to rent first, renovate it, and buy furniture. It will take at least two months to complete the whole process. The sooner we invest, the sooner we can make a profit. If we wait until we are relaxed before investing, someone might have already taken advantage of us."
Cui Xiuyuan refused to give in. "Jia Jia, you have to know that we still have a loan. Even if it is an interest-free loan, we still have to pay back 20,000 to 30,000 yuan every month. Not including the purchase cost, including the cost of workers and the interest on the raised funds we have to pay, it starts at 100,000 yuan per month. Our turnover seems to have increased a lot this month, but that's because of the sales of refurbished furniture and the accounts payable. If it weren't for these, can you calculate what our operating profit would be like? Let's wait a few months and wait a little longer."
Cui Xiuyuan was so overwhelmed by the debt that he just wanted to play it safe and didn't dare to move forward.
Cui Changjia did not give in either. "Brother, I know our factory is under great financial pressure, but we can't stop investing just because of the pressure. While our family's reputation is still there, now is a good opportunity to invest." She didn't want to argue with her eldest brother, so she said directly, "Since we don't agree on this matter, let Dad make the decision."
Cui Wenquan and Zhang Fengming have been busy refurbishing furniture and restoring their factory's previous drawings. Zhang Fengming's brain is as good as a computer, and he can remember 90% of the style data.
They were restoring the drawings and making improvements at the same time.
Originally, the Cui family was rich and had no shortage of funds, so they made furniture made of solid wood. But now it seems that their previous thinking was not entirely correct, and the style combined with board materials can better adapt to the development of the market.
Cui Xiuyuan and Cui Changjia went to see Cui Wenquan together. When there is a disagreement, someone has to make the decision.
Cui Wenquan heard this and said, "You two should go and do your own things first, let me think about it."
Although Cui Wenquan said this, as soon as Cui Changjia left, he called Cui Xiuyuan over.
In a family, expectations are usually higher for the eldest son, so when Cui Xiuyuan was only eighteen or nineteen years old, Cui Wenquan took him with him and taught him hand-in-hand. However, after so many years, his evaluation of Xiuyuan remains the same as before. He is more suitable for maintaining the status quo, but is far from being able to expand new territory.
Before, he must have been disappointed, after all, his second son was not as good as his eldest son at that time, but now he is very relieved, because compared to Cui Xiuyuan, his eldest daughter Changjia is more suitable for the position of head of the Cui family.
When Cui Xiuyuan saw his father asking him to chat, he knew what his father meant, otherwise he would not have looked for him.
Cui Xiuyuan didn't wait for Cui Wenquan to speak, and said, "Dad, I know you will definitely say that I am too conservative, but looking at the account balance of the factory and our debts every day is really stressful. The business of folding tables, stools and office furniture is quite smooth. The brand store that Jiajia wants is not a small one. It can't be opened without three or five hundred thousand."
"Xiuyuan, Dad knows that you are responsible for everything in the factory. You see things more comprehensively and work harder than your sister." Cui Wenquan must have seen his eldest son's efforts. He added, "But you also have to have confidence in our products. Mr. Yu Tangniu's is a good example. In the more than a year since we left the market, there are still many people looking for our products. Your sister is right. While our product's reputation is still there, we should give it another try. What if it comes back?"
"Dad, I'm not saying anything discouraging," Cui Xiuyuan said silently, "What if the investment doesn't work out?"
"Then treat this money as tuition, and we'll start over! Xiuyuan, Dad is sixty years old this year, with a lot of problems, and he still wants to make a comeback, but you're only in your thirties, Xiuyuan, you can afford to lose!"
The words "start over again" and "can afford to lose" made Cui Xiuyuan's heart suddenly tremble. He was narrow-minded!
The family business created by his father was burned to the ground, but his father did not give up and remained courageous. He is only in his thirties, what does he have to be afraid of?
Cui Xiuyuan called Cui Changjia in front of his father and said, "Jiajia, I have no problem with the investment. You can start looking for a store. I will support you unconditionally!"
Cui Changjia was very happy. In fact, she had been paying attention to the store since the Chinese New Year. Her target was the Xiaonanshan area, the latest planned area in the state capital.
This area belongs to the high-tech zone.
The entire Xiaonanshan area is approximately 40 square kilometers, radiating out from Xiaonanshan as the center. It has very complete planning for schools, residences, hospitals, shopping malls, etc.
The first residential buildings built were low-rise buildings. The first batch of houses built was called Donghu Jinxiu Garden, which was developed by Wei Xianchen's real estate company.
There are 7000 households in the entire Jinxiu Garden. About 1800 households have already been delivered to the first phase. It is estimated that more than households will be delivered to the second phase in July and August, and the rest are expected to be delivered by the end of the year.
Cui Changjia's requirements were not high. She only wanted 500 out of the more than 7,000 households to be willing to buy her products.