Completed Salted Fish's Self-help Strategy

The last meeting was just a sketch, but today's communication is concrete. Through a preliminary exchange, Liu Lu basically realized the important tasks she needs to shoulder. She is not only responsible for the establishment of recruitment, salary, bonus system and talent promotion system like ordinary human resources, but also the design and internal control of the company structure. In particular, internal control, Chu Yuan Xi stressed for a long time.

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

It is said that the character of an enterprise leader determines the company's culture. In fact, as a senior elite who has worked as a human resource for more than ten years, Liu Lu's view is much simpler. The company's internal control system is the one that most affects the company's culture.

Too strict system seems impersonal, and the process is lengthy, giving people the feeling that it is to set obstacles, but loose system is easy to let people take advantage of. What about the management? The most lively thing is to hit the board of internal control on the head of the management, but it's no good not to fight.

Take the wonderful case she has seen for example, a contract signed by the management for external payment, the amount of which is 1 million yuan. He just didn't come to the company on the day of making the contract, but the contract is small and self-evident, so the name has been signed in advance, and it's just going through the process. As a result, when he thought of looking at the contract after a long time, he found that the amount was 5 million.

The management immediately applied for resignation and said nothing. This is the typical internal control is not in place.

Don't think that only China's enterprises will have exotic flowers. The famous Facebook and Google are even more exotic flowers.

It's already 2013. One day, Facebook and Google received a reminder letter from TSMC. The e-mail said that the goods of dark door TSMC had been signed for long ago. The boss quickly checked and paid. After today, the final payment was overdue.

The e-mail contains the purchase list, invoice, company title, seal and executive signature of both parties, all of which should be complete, indicating the details of the payee. How to "see" it is a serious reminder.

The problem is that you are in charge of finance! Two world-class companies, without asking, paid a total of 122 million dollars, which is close to eight small goals

Even so, in the next two years, Google and Facebook continued to make the final payment to this account, which made the Lithuanian who sent the letter happy. This internal control has caused a sensation in Silicon Valley. The two giants have left a classic case for global enterprises. Maybe they didn't expect to receive money when they sent a 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 certainly ask, but what about the case of immediately overdue? You can imagine the complexity of the internal structure and process of Google and Facebook.

The simple structure of Ba people's entertainment is because the business is relatively simple. Even if the seven aunts and eight aunts have to do it, it is still "simple", but well-off is not. The flow of funds is like a mountain or a sea, flowing in a cobweb like pattern, and the cost of internal control mistakes is bound to be painful.

Therefore, these work is a whole, and internal control and enterprise architecture complement each other. Liu Lu recorded all these demands one by one, and then It's time to settle the entry situation first.

Liu Lu can't talk about specific business if she is not employed. Chu Yuanxi has too many things to keep secret about the well-off plan. But without understanding the composition of specific business, we can not do enterprise architecture. Enterprise planning is closely linked, but fortunately, there is still plenty of time.

Therefore, chuyuanxi plans to throw out a multiple-choice question according to the Convention: "my personal idea about Xiaokang is to imitate the composition of Ba people's entertainment. I will invest half of my own cash in Angel round, about 100 million..."

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

Chuyuanxi a deep expression: "if I don't have money, will you lend it to me?"

Yuan Mu: "I borrow -"

chuyuanxi is very pleased.

Yuan Mu gasped: "I'll lend you a ghost!"

"If you lose money, lend me the bridge loan, and I will give you the bridge shares as interest." Chuyuanxi has no pressure at all: "but don't worry, you don't need to borrow money. By the Spring Festival next year, Ba people's accounts will have at least four or five hundred million yuan in cash. Just take part in the dividend."

"Are you sure" gone with the wind "will make so much money?" Yuan Mu was in a complicated mood.

"You have to believe the vision of a product manager for many years. The monthly flow of 200 million yuan is the least. The month of launch and the Spring Festival are both high-income months. I have deducted 400 million and 500 million yuan from the channel. It's absolutely a conservative estimate, only a lot more." Chuyuan Xixin said, do you want to bring yuan mu in now? It seems not appropriate, because Zheng de investment is still needed, and now it has become a connected transaction. It's a pity that Yuan mu can be liberated in finance when he comes here. It's hard to use the strong labor.

He continued to tell Liu Lu: "this is the equity of Ba people. Angel turns me into cash. This part is the paid in capital, so I take the equity, and then entrepreneurial team + employee stock holding platform takes half of the options, and I also have a part in the options. Angel round up, look at the results of the financial round a, then external financingLiu Lu had known something before and nodded: "so, my..."

"I'll give you a choice. 30K monthly salary and 3% options, or 1 million annual salary, 3% options, but B shares. Well off, I'm going to use the AB share structure, voting rights, a share 10, B share 1. "

Chuyuanxi said to vomit a tone, the original world of AB shares in the double-layer structure of his whole very miserable, but after a few months of thinking, he still did not find a better way. Unless Ba Ren entertainment can go on all the way without external financing, AB shares are still the best tool to balance investors and entrepreneurs for this kind of company which is destined to carry out massive financing.

Of course, chuyuanxi determined that this time he must learn from the lessons of the original world and set the liquidation conditions more ruthlessly.

He knew that in the original world, it was not the double-layer equity, but the liquidation conditions that assisted this structure. In the end, what left him in a mess was that he had no money to do the liquidation. Therefore, as long as he firmly controlled the initiative of the liquidation this time, the double-layer structure was not a problem.

The question is how to control the initiative? In fact, it's very simple. If the enterprise does well enough, it can have a higher voice when it talks about financing. This voice is not only reflected in the valuation, other financing conditions will also be affected.