Today was a weekend, still, everyone got up early and had breakfast then came back to the living yesterday everyone had a basic understanding of what their little nephew's plans were. And they also understood that the plan was feasible. Today Alan was like a little leader discussing and issuing instructions and discussions on the possibilities of certain tasks.
He looked at his dad and spoke, "Dad, how about your law firm help me with the acquisition of the publishing house and toy factory?"
"Okay" came a reply.
"Mom, your firm can also join in the acquisition"
"Okay"
"This is a list of possible acquisition targets; I am more optimistic about Pegasus Books and Lone Star Toys, here is some information about them", then he handed some documents to them.
"Grandpa and uncle use your connections to see if these companies have any debt and possibilities of debt transfer or if we can put pressure on them to pay back the loans early."
"Dad, Uncle you can also look into the possibility of debt-based acquisition and see if a bank willing to assist us with asset-based lending"
"Dad, you can start registering the company and filing for patents, copyrights and trademarks"
"Okay"
Then he distributed various documents and shared all his plans one by one, then he became a hands-off shopkeeper.
It took about 15 days for the registration of the company documents to come down. Alan took out 20% of the share in exchange for 200,000 pounds, which was distributed uncle various uncles, aunts, grandpa, grandma, dad, and mom, and from the family funds.
The acquisition of the Lone Star Toy Factory was easy, it was owned by an old couple who were preparing for retirement when the Walkers came to discuss everything was easy to talk about, a debt transfer and an earnout contract were discussed. So, without paying any money a toy factory was acquired.
The acquisition of Pegasus Books was not very smooth. Although the publishing was in heavy debt, it had a steady income. The owners were also rich and could supplement money in case of losses. He had his ideals of literati, and the books published were indeed of high quality, many of the books published have secondary development potential.
So, Alan once again went into action and invited the owner of Pegasus Books, Walter McAdams, for lunch and a chat. After chatting and getting to know each other, Alan then shared part of his plans, the plan for managing Pegasus Pook.
Then after a series of discussions, it was decided that Mr. Walter McAdams would continue to be in charge of Pegasus Books. The acquisition will be conducted in several pieces, a part will be in debt transfer, a part of the acquisition will be funded by borrowing from the bank with the Pegasus Books and its printing factory as asset collateral, and another 250,000 pounds was invested by Walter in exchange for 5% of Mockingjay Cultural Media.
And just like that Pegasus Books was also taken down and another 250,000 pounds was also at Alan's disposal.
Then Alan started to reorganize the companies. Fired some middle management, promoted some, hired some.
Reorganized all the assets and reviewed all the legal contracts, amended some contracts, and renegotiated some contracts.
Alan asked Walter to discuss with the author of some books that he was optimistic about if they would hand over copyright operations to their company.
He also asked Walter to apply for publishing numbers for his various books.
The entire process took more than 3 months. He also hired a general manager for the Lone Star Toy Factory, Mr. Peter Parker, and gave him the drawings of various patents, and a reorganising plan for the factory. After the terms of the earnout contract are completed, he planned to transform it into more of a product R&D and small production base and excess production can be transferred to other factories. He also asked Peter to look at countries with lower labour costs and get in touch with prospective partners. The OEM model was very popular in the 21st century.
He also gave Parker a design of the Rubik's Cube and asked him to start a trial production.
The Rubik's Cube was originally invented by Erno Rubik, a Hungarian architecture professor. Rubik later used the cube as a learning exercise to teach his students about 3-D spaces. Little did he know his "Magic Cube" (as he originally named it) would become one of the world's most famous puzzles of all time! By the 1980's, the Rubik's Cube was a worldwide craze selling millions of Cubes every year and cementing its legacy into pop culture. Featured in The Simpsons, The Big Bang Theory, a Spice Girls music video, and major Hollywood movies, the popularity of the Rubik's Cube continued to grow around the world. The Rubik's Cube is revered as one of the most beloved toys of all time. Each year millions of Cubes are sold, solved, and shared among friends, families, and puzzle seekers alike.
Alan also decided to market it as "Magic Cube".
He asked Pegasus Books to slowly release all the books, and he shared his ideas about targeted marketing, and how specialized books could be targeted to specific audiences. Compared to general marketing the cost would be reduced astronomically. Children's book marketing around where parents of children would gather, like school events, and shops around schools. Finance Book, and personal growth books around the offices around workers. Marketing in specialized papers and magazines where the target customer might be purchasing. Identifying it was the challenge that Alan gave to the marketing team. He also taught them how to use soft articles and other marketing methods popular in later generations, as well as bundle sales and other sales strategies. Some knowledge they may already be practising, and some practices are novel. Other ideas supplement some of their practices.
All the run-ins of various companies were slowly at the right pace. And it was already the end of August.
Alan has completed his SSC exams. And he would give his HSC the next year. He was already a grade 3 in violin.