Chapter 190 A Risky Investment That Will Make It Right 4
So Jake decided to go to Matthew"s company to give this county to him, after all, he had already gotten so involved in Matthew"s business on the market that it did not make sense anymore to be shy now.
As soon as Jake entered the company was well received by employees who were all very polite to Jake after the company began to sell well digital cameras Matthew made an alarmist speech to the company.
He told everyone that the company was actually close to bankrupt the way it was, even though everyone was very quiet and did not think about innovating in the last few years, even Matthew, who was always an animated man, began to lose his will and that was why thinking about closing the company.
So when Jake told him that the company needed a change and could even develop more in the market, even if it did not risk the company to fail Matthew would have decided to create the digital cameras.
And many company employees were against this change that could save their jobs, were it not for Matthew to have the absolute majority of the company"s stock could happen the company could not make that change.
So the employees were very grateful to Jake who saved the company they worked for. Jake did not know any of this and thought everyone was just being polite and thanked him as he went to Matthew"s office.
"Hi Jake, I did not think you"d come here today, I was thinking of calling you only at the end of the month when I got out the first month"s sales report."
"I wanted to talk to you about something, how"s the sales?"
"We sold 4,000 cameras in just over a week, I expect 15,000 sales by the end of that month."
It was worse than Jake thought less than half of the sales that he considered good, but Jake understood the animation of Matthew, after all even after selling all the machines that would not be used more to make the digital cameras he still had to invest another 4 million just to be able to make the cameras.
In addition to more than 12 million spent on technology and product development, even if most of these 12 million went to develop the technologies of digital cameras in the cell phone and computer was still a lot of money invested.
Yet if it was only to count on the profits Matthew"s company could recover more than 4 million dollars in only 1 month of sales, it was impossible that he would not be happy.
But Jake hoped that Matthew would not be blinded by this apparent good result and keep looking to sell more of these cameras, after all, it would not be that they would always be the market leaders with that little thought.
"Jake I said I"d call you here at the end of the month, but since you"re here now I"ll tell you what I had for the end of the month now when you gave me that idea to save my company you said you wanted it I hired your company."
"I know this was just to bring more credibility to what you were talking about, but I said that if everything went right I would give you a reward, and it seems like everything has gone much more than right, so I"m going to give you your reward now."
"Jake, I"m going to give you 5 percent of the company"s stock of digital cameras for you, that"s the least I think you deserve, but I can not give you too much either, so I hope it can pay off at least a little What you did for my family."
Jake was shocked at this, 5 percent of the company, even if Matthew had 80 percent of the company, that was a lot to give to someone, especially because Jake did not come up with any investment and gave just one idea so that the company Matthew did not fail.
"I can not accept this Matthew, it"s a lot of money, it"s more than money is a piece of your family"s a.s.sets, I can not accept that."
"I know it may seem like a lot, but if you think about it, it"s not that much, after all, if it were not for you, that company would have failed, even if we were quick and we would sell that company before it faltered we would lose a lot more than those 5 percent on that sale."
"And even if that company can be worth 10 billion or more in the future it will all be thanks to your advice, then those 5 percent is little even for what you did to my company."
"But I think stocks are a lot, after all, you"ll be giving me a share of the voting right of that company, so if you insist you can give me that 5 percent cash and you get the shares."
"I"m going to tell Jake, I"m very worried about the future of this company, after a few years who will replace me here is Joseph, even though I know you will try to help him too, with those 5 percent you will be our family from now on."
"And even if he does not want to hear those 5 percent you have can save that company, so please accept Jake."
So Jake got lost in what to do, he knew that Matthew was being sincere in giving these actions and his motive is also very well thought it seemed so Jake did not want to deny after seeing Matthew asking him to accept.
"All right, Matthew, I"ll take these actions, thank you very much, I"ll do my best to make sure you do not have a loss even after you give me those actions."
"Hahaha you"ve done more than enough Jake, I"m still paying you for what you"ve done if you do what I said I"m going to have to give an even bigger share of the company."
So Matthew asked that Oliver, who was also Jake"s lawyer, organize the transfer of stock, Jake did not insist anymore because Matthew seemed to have thought of everything, but 5 percent of that company now without increasing the value after the success in the sales of the machines is at least 16 million.
So Jake got even more into the group of millionaires after being a millionaire with 15 years after his actions and his patronage surpa.s.sed that value, that"s one reason Matthew loved Jake so much, a young millionaire who came out of nowhere was someone that he should have in his company.
"Well then Matthew, as you know I did not come to your company knowing that I would win these shares and we still have an important subject to talk about."
"True, I had even forgotten that, well then what did you want to tell me?"
"I"ll be honest with you Matthew, I thought this digital camera should not be released now, but it should still take another 1 year at least for you to improve the camera model to market another."
"Still I have to admit that your vision is better than mine for sales as these cameras seem to be doing well in the market, but I honestly think this is too little for your company Matthew."
"What exactly do you mean by Jake?"
"I fully understand that the camera market was very full these past few years, every country was trying to gain from it, so you just sell your cameras in their stores is a great idea."
"But you have to understand now Matthew is that his company now has become one of the leaders in the world market for digital cameras, they should have just over 10 companies that manufacture digital cameras in the world now."
"And from what I saw your camera is in the top three in quality, so I think you should first increase your production and then sell in more points in the United States and Europe, you have to advertise this better with commercials for the television."
"I"ll be honest, if I did not know you I would not even know that this camera was for sale in the market, I did not see any promotion anywhere."
"You have to understand Matthew that you have to take advantage of this rare moment when you are one of the leaders of the world market and let everyone know your brand, so you must make many advertis.e.m.e.nts because even if you do not sell to everyone, know about your company."
"You have to take advantage of this time when your camera costs a thousand dollars and you have a lot of money to sell to Europe and get everyone to know your business because in the future you will have to sell that camera at a maximum of $ 400."
"At that time you do not have as much appeal to advertise to the whole world and still make a profit, but if people remember your brand they can buy because it will be quality and not very cheap."
Matthew was listening to all this with a twinkle in his eyes, he realized that the years really left him with no ambition, Jake was right, they had to take advantage that they had little compet.i.tion and win a large part of the market.
And Jake was certain that in the future they would have to lower the price of one camera to be able to sell many, so this was the time to make their company one of the world market leaders.
And Matthew realized that Jake was really thinking hard about it and was not being blind, because Jake suggested and Europe and not Asia that had several companies that dominate the market, Matthew also had to think about investing now.
Just for that idea, he saw that it was worth giving the company"s 5 percent share to Jake, and Matthew was sure they would have a lot more opportunities to grow in that market.
"I agree with you Jake, I was being very careful and I was treating this digital camera as one of the products I was selling before, but we have to take that opportunity to gain a piece of that market."
"I"m going to invest in those first months all the money that I receive from profit in advertising and also to increase the production capacity of the company, how many cameras do you think we have to target to sell Jake?"
"It has to be at least 1 million Matthew, at least one million and these cameras will patronize the entire future of your company."