Building a Business Empire with my Technological System

Chapter 215: Two Things Done

Michael has two things he needs to complete. First was his mission from the technological system. Which is building an entertainment company, or more specifically, the video game industry. And the second one is turning his company into a corporation.

He decided that he must turn his company into a corporation first before starting a new industry where there wouldn't be many enemies that would be willing to eliminate him in real life because their interests are threatened or disrupted.

As he sat in his office, reviewing the documents and proposals, Michael couldn't help but think about the strategic implications of this move. By incorporating, he would not only protect his personal assets but also provide an opportunity to attract more investors, which was crucial for his expansion plans.

The corporate structure would also allow for a clearer distinction between the various projects, potentially increasing efficiency and focus within each unit.

During the meeting, his legal advisor outlined the steps needed for incorporation, including the drafting of new bylaws, the reassignment of assets, and the establishment of a formal board of directors, since each company had its own board of directors previously.

Michael listened attentively, occasionally jotting down notes and asking for detailed explanations on specific points. He was particularly interested in the timelines and any potential legal hurdles that might arise during the process.

"How long will the incorporation take, and what are the major risks we should be prepared for?" he asked.

The advisor laid out a conservative timeline, suggesting that while the legal paperwork could be completed relatively quickly, the real challenge lay in organizational restructuring and aligning the newly formed corporation's policies with existing business operations.

"As for risks," the advisor added, "there's always a concern about disruption in day-to-day operations. Plus, we need to manage shareholder expectations effectively during this transition."

Michael nodded. "Let's ensure we have a robust communication plan in place to keep all stakeholders informed and engaged. I want this transition to be as smooth as possible," he asserted.

With a plan beginning to take shape, Michael scheduled follow-up meetings to monitor progress and address any issues as they arose. Most of the time, he kept his primary investors up to date. They were all in agreement with the direction he was taking the company. The move towards incorporation was viewed as a necessary step for scaling the operations and fostering more structured growth.

And on May 5th, 2027, The day has come for Michael to finalize the corporation process. He sat in his spacious conference room, surrounded by his legal team and key executives. The mood was one of cautious optimism as they reviewed the final documents and prepared for the last round of approvals.

"Now we will sign the document finalizing the incorporation of my companies," announced Michael. Each executive and board member present took turns signing the official documents, making the transformation legally binding.

A few minutes later, all of the executives handed their signed documents back to Michael, who gathered them neatly into a folder. He looked around the room at the faces of his team, feeling a sense of collective achievement.

"Thank you, everyone. With these signatures, we've not only secured our future but also laid the foundation for further innovation and expansion," Michael addressed the room. "But before you all can leave, I have an announcement to make. I'm currently thinking of starting a new enterprise in the video gaming industry."

This shocked the board of directors as well as his primary investors.

"Yeah…it's quite surprising indeed but it is the truth. I believe diversifying into the gaming industry will not only expand our technological footprint but also open up new revenue streams and innovation opportunities," Michael continued, noting the mixed reactions around the room.

"We're uniquely positioned to make a significant impact in this space," he emphasized, hoping to sway the skeptics in the room.

One of the board members raised a concern, "Michael, while the idea of diversifying sounds promising, entering the gaming industry is a huge leap. It's saturated and competitive. How do you plan to carve out a niche for us?"

Michael was prepared for this. "We will focus on creating a game but in a virtual world. Not the ones you see emerging in the current market but something revolutionary. One that is immersive that a person might perceive to be real."

Michael's explanation captivated the room as he detailed his vision of blending cutting-edge virtual reality with engaging narrative and gameplay.

"Imagine a game where the lines between reality and virtual are so blurred, that it sets a new standard for the industry. We're not just creating games; we're crafting experiences that extend beyond the screen."

"How are you going to do that? Is there such a thing available? And how are you going to develop it?"

His investor, Bridget, inquired.

"So far, it's currently classified but I will show it to you once it's ready," Michael said.

"Ready? Are you saying that you are developing one right now?" Bridget asked again. "I'm sorry Michael, but aren't games extensive to create? I may know a little about the video game industry but I do understand that it requires significant resources, time, and cutting-edge technology. So for someone like you who is always in the office and has barely time to go out? How did you develop a game?"

Bridget's questions were quite probing if Michael had to say. He can't really tell them that he has a system that will allow him to access resources and capabilities far beyond typical development processes. Instead, he had to frame his response in a way that sounded innovative yet plausible within the conventional norms of business and technology.

"Indeed, Bridget, you're right. Developing a game, especially of the caliber we're envisioning, requires a substantial investment in terms of time, resources, and technology. However, we're not starting from scratch. In fact, I have a secret team," he lied.

"A team? You are saying you have a team developing a revolutionary game without any of us knowing?"

"Yes, I've been working with a team of experts in game development and virtual reality from around the globe. This team has been operating under strict confidentiality to protect our project's unique aspects and intellectual property," Michael explained.

"It's been in development for over a year now, and we're nearing the stage where we can start sharing more details with the board and potential investors."

He continued, "The reason for such secrecy was to ensure that we have something tangible and groundbreaking to present, which would minimize doubts and maximize interest once we go public with this venture."

Michael could see the board members exchanging glances, their expressions shifting from skepticism to intrigue.

Bridget nodded, processing the information. "That's ambitious, Michael. If what you're saying comes to fruition, it could indeed be a game-changer. But we'll need to see some proof soon. Can you commit to a timeline for when this project can be revealed to the board?"

Michael agreed, "Absolutely. I plan to have a detailed presentation and a demo ready for the board within the next three months. You'll get to see firsthand what we've been working on and I believe you'll understand why I've been so confident about this venture."

"Very well," said another board member, "We'll look forward to seeing what you've developed. It's essential that we're kept in the loop moving forward. This project could represent a significant pivot for our company's direction, and we need to be prepared for all its implications."

With the board's cautious endorsement, Michael felt a weight lift from his shoulders. The meeting concluded with a sense of anticipation. While there were still many details to manage and challenges to overcome, the initial steps towards introducing his company into the gaming industry had been set in motion.

One by one, they left the room. Soon, the conference room was empty except for Michael, Juliet, and Bridget. Michael's gaze lingered on the door as the last of the board members exited, then turned back to the two women who had stayed behind.

"Thank you both for staying," Michael started, his tone appreciative yet serious. "I know that the idea of moving into the gaming industry came as a surprise, and I can sense there are concerns."

Juliet, ever the supportive one, nodded understandingly. "It's a big step, Michael. But if anyone can make it happen, it's you. What do you need from us to push this forward?"

Bridget, on the other hand, still seemed somewhat skeptical. "Michael, while I trust your vision, I need to understand more about how you plan to manage both the transition of the corporation and the launch of this new venture. It's crucial that we don't spread our resources too thin."

Michael appreciated Bridget's directness—it was one of the reasons he valued her perspective. "That's a valid concern," he admitted. "The key will be meticulous planning and clear division of our resources. The incorporation of the company is nearly complete, which will give us a stronger platform to launch from.

As for the game, the development team I've assembled is autonomous, which allows them to focus solely on the gaming project without disrupting our core business."

He walked to the window, looking out over the cityscape as he gathered his thoughts. "Juliet, I need you to continue overseeing the final stages of the corporate restructuring. Ensure everything runs smoothly and keep the communication lines open with all stakeholders."

Turning to Bridget, he continued, "And Bridget. Let's have dinner later.".