Chapter 28: Issues and Suggestions

While Lin Feng was reading the documents, Liu Yingying also explained the issues she had raised.

"First, I have reviewed the contract you signed with Chu Zhixuan, and I found a serious loophole," Liu Yingying took out the contract Lin Feng had signed with Chu Zhixuan from another file and pointed to a clause, "Although you agreed that Chu Zhixuan cannot arbitrarily reclaim the Chu Feng Net City store, you did not specify the amount of the penalty for breach of contract."

Lin Feng's face stiffened; he indeed had not considered this thoroughly at the time.

"According to the relevant compensation provisions of our country's Contract Law, Chu Zhixuan only needs to compensate you with double the rent for three months to terminate the contract," Liu Yingying's lips curled slightly with a hint of mockery, "Fortunately, your partner seems to be not very familiar with the relevant laws."

Lin Feng frowned and thought for a moment, remaining silent. He had wanted to resolve this issue before, but had never found the time, nor did he know how to address it.

"I know this, I will try to find a way to resolve it," Lin Feng looked at the next point Liu Yingying had raised.

"Second, now that you have established Lin's Catering and Entertainment Co., Ltd., where does the ownership of Chu Feng Net City lie? And are the four 'Killer Bars' you have opened under Chu Feng Net City or your company?" Liu Yingying pointed directly to Lin Feng's vague business awareness.

"What's the difference?" Lin Feng was taken aback.

Liu Yingying shook her head, and the mocking smile that Lin Feng disliked reappeared at the corners of her mouth.

"Um, Mr. Lin, I'll interject with a comment," the accountant Zhang suddenly said.

"Mr. Lin, according to our country's tax law, if Chu Feng Net City is under Lin's Catering and Entertainment Co., Ltd., then 20% of the monthly entertainment business tax must be paid," Zhang paused, waiting for Lin Feng to digest this information before continuing, "Now, internet cafes are a new industry, and the state has not yet formulated relevant tax policies..."

Lin Feng understood what Zhang was implying. She was subtly reminding him that it would be best for Chu Feng Net City to be separate from Lin's Catering and Entertainment Co., Ltd., otherwise, he would have to pay 20% business tax every month.

20% business tax would be a huge expense for Lin Feng, who mainly relies on the income from the internet cafe.

"Also, the key point I want to make is that if the 'Killer Bars' are under Chu Feng Net City, you will have to split 25% of all related profits with Chu Zhixuan," Liu Yingying added.

"Alright, I understand," Lin Feng nodded.

"Third, since you have decided to separate from Chu Feng Net City, the pricing of your Killer Bars needs to be reformed," Liu Yingying took out a data sheet.

"The 'Killer Game' you introduced, I have heard from friends abroad, and it is also very rare in China. It is indeed a game that can become popular nationwide. However, the rule that Chu Feng Net City members can play for free will hinder the development of your business," Liu Yingying paused.

"I suggest you cancel this rule. You can establish a separate membership system for the 'Killer Bars' and charge a reasonable game fee for those who come to play. Moreover, with the current popularity, you can expand the Killer Bars."

"I have two suggestions. One, the investment for the Killer Bars is not large. With the funds you have, you can open Killer Bars in densely populated neighborhoods in Chu City, forming a Killer Club. Two, you can adopt a franchise model. Charge a franchise fee to other merchants who want to open Killer Bars, which can also form a chain industry."

"The first option, you will get all the profits, but it will use up all your funds. Once the Killer craze passes, the Killer Bars will enter a low-profit era, which is far from the high profits of the internet cafe. The second option, although you will earn less, it will not use up too much of your funds."

Lin Feng thought for a moment and made a decision. If he chose to open chain stores himself, all his funds would be used up, which would not be conducive to his real plans.

"I choose the franchise model, and I will leave this matter to you," Lin Feng said. Before he finished speaking, he saw Liu Yingying's eyebrows twitch, knowing that she thought he was treating her like a worker. He quickly added, "I will give you the authority to hire, and you can hire assistants as needed."

"Alright, then how do you plan to charge for the current four Killer Bars?" Liu Yingying was highly in favor of Lin Feng's choice. She had proposed the two options to see Lin Feng's judgment. Clearly, Lin Feng was qualified. Moreover, delegating authority to her made Liu Yingying feel eager to try.

When Liu Yingying first applied for the job, besides wanting to get back at her father, she also wanted to hone her skills to prepare for her job after graduation next year. Now, the franchise plan for the Killer Bars was an excellent opportunity for her to practice.

"The current pricing system will remain unchanged, and only Chu Feng Net City members can play," Lin Feng continued, seeing Liu Yingying about to object, "As you said, my main profit comes from Chu Feng Net City. I cannot offend Chu Zhixuan for the small profit from the Killer Bars. If I fall out with Chu Zhixuan, he might tear up the contract in a fit of anger and compensate me with double the rent for three months, which would be a huge loss for me. Instead, I want to make him feel guilty."

Lin Feng suddenly smiled mysteriously. However, this smile seemed very cunning to Liu Yingying.

"So, this will require your cooperation," Lin Feng said, as if a big bad wolf was extending its claws to Little Red Riding Hood.

Liu Yingying was speechless after hearing Lin Feng's proposal. She did not expect the seemingly honest Lin Feng to come up with such a bad idea and use her as a pawn, but she was somewhat tempted. The reason was simple: this was an absolutely successful business strategy, and for Liu Yingying, who was eager to gain practical experience, it was an excellent opportunity to practice.

"Alright, but you owe me a favor," Liu Yingying agreed to Lin Feng's somewhat despicable plan, but she wanted to get a little advantage over Lin Feng.

"No problem," Lin Feng nodded in agreement. A favor was nothing; he would return it. Of course, if it was too much, Lin Feng would not agree. Lin Feng was not as foolish as Zhang Wuji, who would promise anything.

The next day, while Lin Feng and Chu Zhixuan were chatting, Liu Yingying stormed over with a stack of documents.

"Mr. Lin, either you give me the authority to do as I say, or you fire me," Liu Yingying glared at Lin Feng, clearly upset.

"What's going on, brother, what's happening...?" Chu Zhixuan did not know what had happened between the two. When he learned that Liu Yingying was a master's graduate from Peking University's Business Administration program, he was secretly amazed. After all, Peking University is a golden brand, and being able to hire such talent, even for a short-term position, was something to boast about in the entire Chu City business community.

After all, in the entire Chu City, the highest educational level of talent that the largest companies could hire was fresh graduates from Wuhan University. Students from better schools simply looked down on a city-level city like Chu City.

"Um, brother, Miss Liu, let's talk it out, let's talk it out," Chu Zhixuan quickly mediated.

However, Chu Zhixuan did not notice the cunning smiles on Lin Feng and Liu Yingying's faces.

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