Becoming a Russian Oligarch After Rebirth-Chapter 51 - The Third Shareholder_1
Chapter 51: Chapter 51: The Third Shareholder_1
Chapter 51 -51: The Third Shareholder_1
After a few bites, Wang Ye put his chopsticks down and asked Xiao Hu, “How’s everything going with your family’s company?”
“It’s going smoothly. We’ve rented the office space, and we’re just waiting for the company registration paperwork to be finalized. Alexander said that he’ll quit his job and join the company as soon as that happens,” Xiao Hu replied happily.
“The large office on the fifth floor? Isn’t it a bit too big?” Wang Ye asked.
“Yeah, it’s 400 square meters, a bit big. But it’s not a problem. We plan to turn a hundred square meters into a showroom and use the remaining 300 for office space,” Xiao Hu replied nonchalantly.
“When is your company opening? I will come by and bring a flower basket to join in the festivities,” Wang Ye joked.
Xiao Hu thought for a moment, “The bulk of our goods won’t arrive until May or June. Customs clearance takes time. However, we can set up the company in advance.”
Their company uses the standard customs clearance procedure, which is slower.
A batch of goods, from being shipped from China to arriving in Russia and going through customs, takes at least three months!
One of the main reasons why many people in the major markets don’t want to use standard customs clearance – they can’t afford to waste time…
The Hu family intends to build a brand, so they have to go through standard customs clearance. If it takes a longer time, so be it, there’s no other way.
“It’s a pity to leave your company venue empty for those months. I have a business proposal that could utilize the venue in the meantime, I don’t know if you’re interested,” Wang Ye started on his main topic.
Upon hearing there was a business proposition, Xiao Hu was definitely interested.
These Hu Jian people probably influenced by the local environment, had a love for doing business that seemed ingrained in their DNA!
“A business opportunity? Tell me more about it, Brother Ye!” Xiao Hu exclaimed excitedly.
“Well, I plan to spearhead a study abroad agency. We’ll recruit students from China to study abroad. It’ll be a legitimate agency that collaborates with universities in China.” Wang Ye repeated what he had discussed with Liu Jun earlier.
Xiao Hu and Zhou Yuan were stunned.
A study abroad agency?
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And it’s collaborating with universities in China!
Is this going to be big…
“Ah? Brother Ye, are you going that big! It would require a lot of money!” Xiao Hu said in surprise.
Wang Ye chuckled lightly and replied at his own pace, “The investment isn’t as big as you’re thinking. I’ve calculated that an initial investment of around 30,000 US dollars will get things off the ground. After all, the study abroad agency business isn’t that capital intensive.”
“But, convincing universities in China won’t be easy, will it? Why should they cooperate with you? They can just do it themselves, right?” Xiao Hu posed a key question directly.
Indeed, universities in China could just run their own agencies, why cooperate with you and provide you with profits!
“Haha, Xiao Hu, you don’t know much about this. Some universities in China, how should I put this, might not have that much courage, let alone connections abroad. They might not dare to run a study abroad agency on their own. But if a foreign agency proposes a partnership, they’ll welcome it. After all, it’s a form of international exchange and talent export, which brings prestige,” said Wang Ye pointedly.
It is 2001 after all!
China has only recently opened up to the world. Frankly speaking, many universities in China have no channels to connect with foreign countries, they don’t even understand the procedures required for studying abroad.
Take the unaccredited university where Wang Ye’s uncle is studying, located in a poor prefecture-level city. The school doesn’t have any foreign students or any collaborative programs with foreign universities…
Can you expect such a school to run a study abroad agency?
They don’t have the courage!
However, if a legitimate foreign study abroad agency comes along with authorization letters from prestigious foreign universities, proposing a student recruitment collaboration.
It would be like manna from heaven for them!
Profitable and prestige-boosting, it’s a win-win situation.
Would they unwilling?
Of course, these are things Wang Ye is clear about and doesn’t need to divulge to Xiao Hu.
So, he simply said he would handle everything in China, including partnering with legitimate universities and recruiting students.
Right now, the most important thing is to set up a legitimate study abroad agency in Moscow.
Xiao Hu was indeed intrigued. Although he knew little about this industry, he understood that it would surely bring a huge profit!
Every student recruited would rack up service fees of tens of thousands, if not more. Imagine if they brought in dozens or even hundreds of students…
He wasn’t even interested in eating anymore. He looked at Wang Ye, his eyes bright as he briskly asked, “So, we only need to invest 30,000 US dollars to start this company? Brother Ye, are you asking me…”
Xiao Hu was no fool. Since Wang Ye specifically came to discuss this topic, it was obvious that he wanted Xiao Hu to join the venture.
As expected, Wang Ye replied outright, “Yes, I’ve already found another partner. He’s been in Moscow for over a decade and has a lot of connections. He could handle the day-to-day operations of the company. However, we still need more startup capital, so I wanted to see if you’re interested. Also, your company’s new office location would be a perfect front. We wouldn’t have to do much with the layout, we just need to hang another company sign outside.”
This was Wang Ye’s main goal in bringing Xiao Hu on as a shareholder.
Not only could Xiao Hu provide some startup capital, his company’s newly rented office space could also be put to good use!
Since it was vacant anyway, just hang another agency sign outside. One office space, two business structures…
They’ve saved the rent for an office space!
Renting a decent office in Moscow is not cheap!
But without a decent office, it would be difficult to negotiate with universities in China or to host university leaders from China for visits.
Xiao Hu watched Wang Ye for a long time, speechless. Zhou Yuan next to him laughed and said, “I really admire you, Wang Ye. Are you sure aren’t in the business field? You sure know how to calculate! You’re establishing a company and not only do you save on office space, but you’re also using the office of Xiao Hu’s company. I must say, it’s really cost-effective!”
“Haha, it avoids waste. We should save wherever we can during the early stages of a startup, or else where would we get all the money,” Wang Ye laughed heartily in response.
Xiao Hu nodded heavily, promptly saying:
“Keeping in mind how detailed your planning is, I think it’s worth doing!
But we must understand one thing: my family does not have any resources in the education industry in China, so I won’t be able to help much in that regard.
As for the office here in Moscow, there’s no problem there, of course. In the early stages, when our company is not too busy, our employees can help with some of the study abroad agency’s tasks.
Beyond that, just let me know how much I need to contribute and the share I’ll have in the company.”
