Salted Fish’s Self-help Strategy

The last meeting was just a brief summary, and today’s communication was considered specific. Through some preliminary exchanges, Liu Lu basically got the important responsibilities she needs to shoulder, not only responsible for recruitment, salary, bonus system and talents like ordinary personnel. The establishment of the promotion system is more important to the design and internal control of the company structure. Especially the internal control, Chu Yuanxi emphasized for a long time.

But Liu Lu didn't feel wordy at all. Because internal control is a problem for large companies, and it has a great impact on company culture and atmosphere.

It is said that the personality of the corporate leader determines the corporate culture. In fact, as a senior elite with more than ten years of human resources, Liu Lu's view is much simpler. The internal control of the company is the most influential to corporate culture.

An overly strict system seems impersonal, and the process is lengthy, which makes people think that it sets up obstacles, but a loose system is easy for people to take advantage of the loopholes. For the grassroots employees, what about the management? The most exciting thing is to hit the management board with the internal control board, but it won't work if you don't hit it.

Take the strange case she has seen herself, a management signed a contract for external payment, the amount is 1 million. He just didn't come to the company on the day of the contract, but the contract was a small one, so the name had already been signed in advance and the process was just as it was sent. As a result, when he remembered to look at the contract a long time later, he found that the amount was written at 5 million.

The management immediately applied for resignation promptly, saying that he would not bear the burden of anything. This is caused by the typical lack of internal control.

Don't think that only Tianchao companies will have weird things. The famous Facebook and Google are even more weird.

It's been 201 years. Facebook and Google received a dunning letter one day, signed by TSMC. The e-mail spit out that the secret door TSMC's goods had been signed for long ago, and the big man hurriedly checked and accepted the money. After today, the balance will be overdue.

The email contains a list of purchases of goods, invoices, and both companies’ heads, seals, and signatures of executives. All that should be included is complete with detailed payee information. How to "look" is a serious dunning notice.

The problem is, you are in charge of finances. Two large world-class companies, without asking the same question, gave the money, a total of 12.2 billion, converted into small goals close to 8...

Forget it. In the next two years, Google and Facebook continued to pay the balance of the account, making the Lithuanian who sent the letter happy. This internal control made a sensation in Silicon Valley. The two giants left a classic case for global companies. Maybe people didn't expect to receive the money when they sent the letter, and they could receive it for two years.

Therefore, there are many sources of internal control problems, whether it is the human factor or the internal structure of the enterprise. Why are the finances of Google and Facebook so stupid? If the cost of communication is very low, they will definitely ask, but what about if it is overdue immediately? One can imagine how complicated the internal structure and process of Google and Facebook look like.

The simple structure of Pakistani Entertainment is because the business is relatively simple. Even if the seven aunts and eight aunts do it, it is still "simple", but Xiaokang is not. The capital flows like mountains and seas, flowing in a spider web-like pattern, and the cost of internal control errors will inevitably be painful.

Therefore, these tasks are a whole, and internal control and enterprise structure are mutually complementary. Liu Lu recorded all these needs one by one, and then...there was a situation where the entry must be settled first.

Liu Lu couldn't talk about specific business without joining the job, and Chu Yuanxi had too many things to keep secret about the well-off plan. But you can't build an enterprise without understanding the specific business structure. The planning of the enterprise is closely linked, but fortunately there is still plenty of time.

Therefore, Chu Yuanxi planned to throw a multiple-choice question as usual: "As for the well-off, my personal idea is to imitate the composition of Pakistani entertainment, the angel round I invest half of the cash, about 100 million..."

Yuan Mu immediately screamed: "Wait, where did you get the money?"

Chu Yuanxi had a deep expression: "If I had no money, would you lend it to me?"

Yuan Mu: "I borrowed—"

Chu Yuanxi was very pleased.

Yuan Mu gasped, "I lend you a ghost!"

"Then you are at a loss. If you borrow me a bridge loan, I will give you the interest on the bridge shares." Chu Yuanxi didn't have any pressure at all: "But don't worry, you don't need to borrow money. By the Spring Festival next year, the Pakistani people will pay for it. At least four or five billion in cash is required, and a part of it will be paid out."

"Are you sure that "Unwinding in the Wind" will make so much?" Yuan Mu was in a complicated mood.

"You have to believe in the vision of a product manager for many years. The monthly turnover of 200 million is the least. The month of launch and the Spring Festival are both high-income months. I have included the channel deduction for the four to five billion. It is definitely a conservative estimate. Quite a lot." Chu Yuanxi asked if he wanted to pull Yuan Mu in now? It does not seem appropriate, because Zheng De's investment is still needed, and now La Yuanmu is unclear as a connected transaction. It's a pity that Yuan Mu can be financially liberated when he comes, and it hurts that he can't use this strong labor.

He continued to say to Liu Lu: “This is how Pakistan’s equity is. In the angel round, I have cash. This part is paid-in capital, so I take equity. Then the entrepreneurial team + employee shareholding platform accounted for half of the options, and the options also included part of me. The angel round gets up and looks at the results of the round a, and then it’s time for external financing."

Liu Lu had already known some ~www.wuxiaspot.com~ and nodded: "So, mine..."

"I'll give you a choice. A monthly salary of 0k and an option, or an option of 1 million annual salary, but B shares. Well off I plan to use the structure of ab shares, with 10 voting rights for a shares and 1 for b shares."

Chu Yuanxi exhaled as he spoke, the double-layer structure of the ab stocks in the original world made him miserable, but after months of thinking, he still couldn't find a better way. Unless Pakistani Entertainment can continue to make money all the way, without external financing, ab shares are still the best tool to balance investors and entrepreneurs for such a company that is destined to raise huge amounts of financing.

Of course, Chu Yuanxi made up his mind to learn the lessons from the original world this time and set the conditions for liquidation a little harder.

He knew that in the original world, it was not the double-tier shareholding that had mistreated him, but the liquidation conditions that assisted this structure. In the end, he had no money to do the liquidation, so as long as the initiative of the liquidation is firmly controlled this time, the two-tier structure is not a problem.

The question is how to control the initiative? In fact, it is very simple. The company has done well enough to have a higher voice when it comes to financing. This right to speak is not only reflected in valuation, but other financing conditions will also be affected.