Chapter 418 - 418 Stepping On All The Landmines Possible When Starting a Business

Translator: Dragon Boat Translation Editor: Dragon Boat Translation n/ô/vel/b//in dot c//om

[Diligent and Upward Noble Young Master] felt like he was falling into an ice cave.

Brother Yong, whom he treated as family, actually had such an unknown side to him.

[Diligent and Upward Noble Young Master] didn’t have a high educational background, nor was he capable in his job, but that didn’t mean that his brain couldn’t think.

The fact that Brother Yong had called to report that the problematic products had appeared on his shelves under his secret instructions proved that the whole thing was a trap.

It was a trap targeted at him.

Because he trusted the employees left behind by Brother Yong, [Diligent and Upward Noble Young Master] would only take a cursory look at the signatures before writing down his own name.

[Diligent and Upward Noble Young Master]’s heart turned cold.

Why would Brother Yong do this?

He had never provoked him and always respected him since he was young.

Although Brother Yong was not his blood relative, he had always treated him as his brother.

“My dad doesn’t like me and keeps letting me work at the bottom, which is also because of Brother Yong?”

“Could it be that he deliberately said bad things about me in front of my father, causing my father to be biased and not let me enter the company?”

[Diligent and Upward Noble Young Master] thought of all the possibilities.

He stared at the screen and waited for Chen Yu’s reply.

“You’re underestimating Zhou Yong too much,” Chen Yu said with a faint smile. “You’re underestimating your father even more.”

“Your father is a very shrewd person. He can tell at a glance whether someone’s up to no good or not.”

“Talking bad about you in front of your father will only lower Zhou Yong’s status.”

“Zhou Yong’s actions are completely different from what you think.”

“Not only did he never speak ill of you in front of your father, but he also praised you whenever he had the chance.”

“He will report everything you do to your father.”

“He always emphasized that you’re not good for nothing, that you have your own ideas and want to do something big.”

“It’s also because of this that your father’s impression of you became lower and lower. In the end, it fell to rock bottom.”

[Diligent and Upward Noble Young Master] was utterly confused.

Wasn’t it good that Zhou Yong spoke well of him in front of his father?

Why did this cause his father’s impression of him to worsen?

What the hell was this…

“You’re always a little envious when you see other rich kids having endless money and living a life of luxury,” Chen Yu said calmly with his arms crossed.

“You’re not envious of their luxurious lives, but of their freedom to spend money.”

“Zhou Yong saw through your thoughts and persuaded you to do some business to prove your ability and make your father look at you in a new light.”

“You assumed that it was a good idea, so you took a sum of money from your mother and invested it in the popular P2P finance industry.”

“The profits in the first two months were pretty good. You earned more than a million.”

“You plan to show off to your father at the end of the year that you can start a business and be your own boss.”

“Unfortunately, the entire industry exploded.”

[Diligent and Upward Noble Young Master’s face turned green.

He coaxed six million yuan from his mother and threw it all in.

P2P finance was on the right track but was met with the strictest regulation in December.

The entire industry was wiped out.

“You did not demonstrate your capabilities but instead showed your failure. Your dad was so angry that he almost whipped you with his belt.”

“You lost all 6 million, falling into a serious state of self-doubt,” Chen Yu said slowly. “Zhou Yong found you and treated you to drinks while consoling you.”

“He said that it was just an accident and that the industry had entered a cold winter because of policy reasons. It had nothing to do with your personal ability.”

“If not for these accidents, your business would definitely be prosperous. Perhaps one day, your total assets will surpass your father’s.”

“Well, you are someone easily consoled and easily swayed.”

“After listening to his few words, you were immediately filled with energy and began to look for the next business opportunity.”

“In 2015, you asked your mother for money to start a coal business.”

“You thought that since this is a business that your family has been doing all along, there wouldn’t be any risks as you are familiar with it.”

“You’ve only been working for a few months since encountering yet another industry winter.”

“The supply of coal exceeds demand, and the overall profit has shrunk.”

“Even your family’s company was affected and began to transition. Thus, your small business immediately lost everything.”

“Over the next few years, you tried one business idea after another. You either lost everything or amounted to nothing.

“Your father has seen all of this.”

“He thinks you’re a piece of mud that can’t be lifted, a loser that can’t be helped up.”

Right at this moment, Chen Yu suddenly smiled and shook his head.

“The last time you started a business on your own was when you borrowed 300,000 yuan from your Brother Yong. Then, you teamed up with a good friend and invested a total of 800,000 yuan to open a restaurant specializing in Western fast food.”

“The main dish is the handmade beef burger.”

“In the first month of business, the total revenue was 108 yuan.”

The chat burst out laughing.

“You spent 800,000 to open a restaurant, and the main dish is hamburgers? Brother, this isn’t business but throwing money away.”

“You’d be better off selling hotdogs by the roadside. It’s cheaper; more people eat them, mainly because the price is low.”

“I see now that Blondie is doing business on a whim. He doesn’t consider market research and sales strategies at all.”

“As long as rich second-generation heroes don’t do drugs, gamble, or start a business, they can continue their riches by just maintaining their family business.”

“An investment of 800,000 and a monthly revenue of 108? If you give me 8,000 yuan to set up a stall to sell grilled noodles, my monthly revenue will be more than that.”

[Diligent and Upward Noble Young Master] looked angry and depressed.

At that time, he did not expect things to turn out like this.

Zhou Yong analyzed these business ideas for him.

The pace of life and work for young people was getting faster and faster.

Fast food has become the main way of eating for most young people.

Western fast food had an advantage over Chinese food, and his restaurant was decorated especially to attract internet celebrities, selling fast food such as hamburgers, fried chicken, and french fries.

He also used the best beef for his ingredients.

As long as the customers ate it, they would not feel the price was high.

After completing these preparations, he was sure his restaurant would become famous.

Well, infamous was more like it.

From the opening until the closing, people would come in every day to take photos.

50 to 60 people came in and out, but not a single person came to buy a burger.

After a few months, the restaurant closed down.

Not only did Zhou Yong not ask him to pay back the money, but he also gave him the supermarket under his name.

Finally, [Diligent and Upward Noble Young Master] had a stable source of income.

Now that he thought about it, everything seemed to have been carried out under Zhou Yong’s suggestion or with his help.

“Do you understand now? Zhou Yong’s business suggestions seem to be for your own good, but each of them carries a huge risk.”

“You can’t tell that certain industries will explode, but as a Master of Business Administration, can’t he tell?”

“You’re in a fourth-tier city. The average salary is about three to four thousand yuan.”

“Setting the price of a burger starting at 10 yuan… sigh…”

Chen Yu shook his head.

“You’re just listening to him and drinking the poisonous chicken soup that Zhou Yong fed you.”

“In order to take revenge on you and your mother, he did everything he could..”