Monthly Archives: December 2015

Charles Koch And The “Good Profit”

Charles Koch is today a well-known businessman and philanthropist. Born in the 1930’s in Wichita, Kansas, Charles would grow up to inherit Koch Industries from his father. Frank Koch. Today he is the co-owner, chairman of the board and CEO of Koch Industries. His brother David is currently the executive vice president of the company. The brothers each own approx. 42% of the business.

Originally Koch Industries dealt primarily in oil refinery and chemicals. Due to the company’s incredible growth, the company now produces polymers, materials, pollution control technologies, and equipment as well as much more. Among their most popular items are Quilted Northern tissue, Dixie Cups, and Stainmaster Carpet. Charles is worth $40 billion dollars, making him one of the richest men in the US.

Recently Mr. Koch gave an interview to the Wichita Business Journal. In the interview Charles Koch states that he feels that there are guiding principles that have led him to his great success. As a result he has written a book based on those principles. His desire to share these principles with others caused him to back away, somewhat, during the writing process, but he feels it was important that he do so.

The book is called “Good Profit”, and it outlines his market-based business philosophy. Though Mr. Koch is unsure of how the critics feel about his offering, he claims he is still glad to have written it. He goes on to explain that he believes Aristotle was correct when he said that how a man feels about himself can lead him to find contentment and happiness in life. His biggest belief is that people need to find out what they are interested in or have a passion for, and build their lives around that passion. He feels that this is the road to success.

Explaining Handy’s New Tipping System

Handy has recently announce that they have included a feature in their application that allows clients to add a tip for the cleaning services provided. This can be added both before and after the services are completed. Clients have only been able to provide cleaners with tips in cash in person, but now Handy has helped changed this and made it much more practical for home owners to give cleaners tips.

Handy is a very popular app that lists many cleaning services and other tasks and jobs that sometimes need to be performed around, on, or in a house. It is difficult for many people to find listings with home cleaners, let alone many listings to provide a sense of competition to find the lowest price. It has been expensive in the past to pay people to clean homes because of the common inability for people to have trouble finding home cleaning service providers.

Fortunately for both cleaners and customers, Handy is an app that was founded in the middle of 2012 by two Harvard Business School dropouts that offers the ability for people with smartphones and the willingness to submit to a background check and screening process can be able to be listed on Handy. This gamble has paid off with Handy recently receiving $50 million in funding.

Today, there are more than ten thousand people who have completed a home cleaning service in the past month and hit the one million booking mark in July. Some people book only one or two cleaning jobs a week while some people make a living off of Handy, although the majority of home cleaners, also known as Pros, are using Handy to make a little extra supplemental income.

There was a large debate started back in October of this year about whether waitresses and other people who relied on tips for a living should continue to be paid partially in tips or be paid totally by the restaurant.

Home cleaning Pros are estimated to earn about eighteen dollars per hour of work on average after an approximately twenty percent service fee is taken for the listing on Handy. This is a great deal for most people because getting the word out about cleaning services is difficult when one doesn’t have money to be expensed for advertising.

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