Translator: Atlas Studios Editor: Atlas Studios
Regardless of how outrageous things were at the school’s discussion forums, Wen Xinya had never comnted anything about it. She continued with her daily routine of going to school and appearing at all sorts of public places within the school.
Her actions made all the students in the school feel that she was being arrogant. As such, their criticism of her beca increasingly rciless.
Wen Xinya had no ti to spare on these keyboard warriors. She was busy discussing the opening of the store with Li ngjie.
“Xinya, this is a market survey I’ve done on Traditional Chinese dicine skincare lately.” Li ngjie was always systematic in her work. Recently, she had been to four cities and done a thorough market survey luxury brands as well as custors’ views on Traditional Chinese dicine skincare.
“Actually, you don’t have to do this. All won in Country Z are positive about Traditional Chinese dicine skincare.” Only when Wen Xinya looked at the survey results in her hands did she know that Li ngjie had actually been mainly busy on this lately.
Li ngjie sighed and said, “Although I’d previously been in the sales line for luxury products and ca across quite a number of costics brands, I’d not had an in-depth understanding. These materials aren’t just for your eyes, they also allow to better understand the branding needs of the costics market.”
Upon hearing this, Wen Xinya felt more impressed with Li ngjie—more often than not, goal-oriented people who asked more of themselves reached heights beyond others’ expectations and achieved better results in what they did. “It’s a survey well done.”
With her hard work recognized, Li ngjie was elated and couldn’t help but smile. “With the market survey, we should now firm up our strategic plans.”
Wen Xinya smiled and said, “Yan Shaoqing has a deep understanding of the luxury brands—you may seek his help. Regarding the legal issues, you can consult Uncle Qiu—he’s a renowned corporate lawyer.”
Li ngjie nodded. “I know!”
Wen Xinya had also learned much regarding the setting up of the store and had a better understanding. “Sis Li, I plan to set up a costics company. It doesn’t have to be on a large scale, as long as it bears the Lanya na!”
Li ngjie looked at Wen Xinya in shock. “You’re planning to set up a unique brand which integrates research & developnt, production, and sales?”
Wen Xinya said plainly, “I have the formulas as well as the capital—there’s no reason to split the benefits with others!”
Li ngjie was stunned and said instinctively, “Actually, with the formulas in our hands, we totally don’t have to spend so much capital and efforts to set up a company and factory. We can entrust the production to another costics factory. As long as we strictly control the production process, we don’t have to worry about the formulas being leaked out either.”
Wen Xinya scribbled so figures on paper and passed it to Li ngjie. “The Wen Corporation mainly deals with jewelry, apparel, and accessories, with only 20% proportion on costics. Precisely so, the Wen Corporation didn’t set up its own factory, instead choosing to work with another costics producer. In order to ensure the production quality and confidentiality of the formulas, the contract between the Wen Corporation and the costics producer states that during the contract period, they’re only allowed to produce for brands under the Wen Corporation. Of course... the Wen Corporation pays a high price for such a contract—annually, 30% of the profits from the sales of costics falls into the hands of the producer!”
She had recently obtained the figures from Grandpa, who, thinking that she was rely interested in the matters of the Wen Corporation, was naturally happy to tell her about it.
Li ngjie gasped—no wonder she wanted to set up her own company and factory. So it seed like behind every decision was her thorough thoughts and deep understanding. Li ngjie looked at Wen Xinya with admiration. “How about the company and brand’s nas, as well as its positioning?”
Wen Xinya replied, “The company will be nad Lanya, and the brand will be nad Xinyu! As for the products’ positioning, it will be mainly focused on Traditional Chinese dicine skincare, with essential oils, essences, bath products, and the likes as a secondary focus.”
Li ngjie took in all that she described with a pen and paper and asked, “How about the setting up of the factory? Any thoughts?”
Wen Xinya replied, “Regarding this area, I’ve already handed it to Yan Shaoqing. He’s already preparing the related matters—you can work with him on this.”
Indeed, she fought no battle unprepared. Li ngjie nodded. “The costics production officer and Traditional Chinese dicine physician are the most crucial areas—do you have any reliable people in mind?”
“Regarding the Traditional Chinese dicine physician, previously Du Shinan, Grandpa Du had ntioned that he would scout for soone. The results should be out soon, so no worries about that. For the costics production officer, no need to look for renowned production officers within the area—just hiring a student specializing in this area will do! I’ve already instructed Yan Shaoqing to look into this matter.”
Yan Shaoqing was good at judging people. Regarding the secrecy of the formulas, it was best to hand it over to him.
Li ngjie couldn’t help but sigh—Wen Xinya actually trusted that ugly assistant so much. However, although she did not interact much with that ugly assistant, she was very impressed by his capabilities. She wondered where Wen Xinya found such a talent.
However, people around Wen Xinya were all brilliant people—an Ouyang Feng who was good at accumulating wealth, a capable Yan Shaoqing, and a Qiu Yifan who was good at solving problems.
“How about sales? Although Traditional Chinese dicine skincare has a great reputation, because of the ‘dicine’ word within it, many people are actually reluctant to try. If we open a store, going along the lines of high-end consumption, it’ll definitely be difficult to start off rely with in-store sales.”
“I need to dwell on this area further. However, I already have a concept, just lacking a complete plan,” Wen Xinya replied confidently.
Li ngjie pupils constricted. She had actually thought through each of the areas so thoroughly and even considered the sales operation part. No wonder she had the idea to set up a store—regardless of formulas, capital, human capital, distribution channels, she had it all—how else would it not work?
“Things such as the costics ingredient testing, quality assurance, effectiveness rating for new costics, stability of the formulas, ingredient compatibility testing, and microbiological testing were also key areas—any intentions for these?”
“Regarding these, I’ll find an authoritative professional corporation to customize quality testing. Of course, to also set up an ingredient testing departnt and a quality assurance departnt.”
Following which, Li ngjie asked many other related questions such as:
The standard operating procedures regarding the trial production and operations for new costics, procedures from the inspection of costics, to the transfers to the costics production departnt and quality assurance departnt, as well as the possible adjustnts in the future;
The specific costics internal controls as well as the evaluation indicators for the ingredients;
Assisting with the technical issues regarding costics, ensuring the normal production of costics; and
Communication between the marketing departnt and production departnt, accurately relaying the marketing departnt’s requirents to the production departnt.
Wen Xinya answered them one by one. Only then did she realize that by engaging Li ngjie’s help, she had indeed found the right person.
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