Handy Inc. Shows The World Startups Can Still Succeed

Startups were once big business in the investment world, but they have unfortunately dipped in quality and reliability in the last few years. The reasons for that have been complex, but one company has bucked that trend after receiving a $50 million grant to increase their market reach. This company, Handy Inc. is a great example of a little-company-that-could.

Who Is Handy Inc?

Handy Inc. is a cleaning and handy man provider service that lets customers connect with service people in their area. Rather than force the customer to make these connections on their own, Handy Inc. will provide them with a list of providers, including their expertise levels, reviews on their abilities, and direct communication techniques.

This new “on-demand” cleaning model isn’t unique to Handy Inc., but they have stood out from their competitors by offering one of the fairest services on the market. For example, their service providers are considered employees, not contractors, making them get better treatment than Handy’s many competitors.

How Did Handy Beat Investor Skepticism?

Due to the various struggles in the cleaning industry, many investors were very skeptical about the success of Handy.com. Its two co-founders stated: “Things were not particularly good at that point (2015). We were seeing other companies around us struggling to raise capital. There was talk of down rounds. There was talk of unicorns falling.”

However, receiving its $50 million of funding from Series C helped make them a more realistic and profitable potential business. While it did cause some concern about the growth of businesses similar to them, they were able to take that money and invest it in expanding into more markets, helping to increase their potential spread and become more successful.

And they did: by the middle of 2016, they grew into a $1 million a week business. This kind of money helped them make over $50 million for the year and has seriously expanded their growth potential.

They’ve been able to pay back many of their loans and have attracted other investors and venture capitalist to their quirky little firm. As a result, they can serve as a useful reminder of the power of staying true to your business model and the strength of startup investment.

 

Founder of Swiss Start up Factory Mike Baur

Mike Baur has had a successful career in business. He is a current entrepreneur who is the founder of the Swiss based firm Swiss Start up Factory. He founded this company two years ago in order to help a number of start up businesses get the capital and guidance necessary to succeed. Before Mike started his company, he would spend a number of years investing in numerous start up businesses. While investing in companies, Mike would begin making very high profits and therefore believed that he could make a business out of the venture. Before Mike got involved with investing and entrepreneurship, he worked in the field of banking for over twenty years. This experience gave him a lot of familiarity with start up businesses and what they need in order to maximize their success.

For the first twenty years of his career, Mike Baur worked as a banking professional. During his stint in the banking industry, he would specialize in providing loans and advisory to businesses. He met with numerous executives and entrepreneurs who were often looking for capital to fund their operations as well as guidance on how to best allocate their financial resources. While working in the industry, Mike would gain a lot of valuable insight on how these companies operate, what amount of capital they usually need and also their potential for profitability. At the same time he would begin to focus on his next professional endeavor of investing in start ups.

After Mike decided to move on from the banking industry, he began investing his money into a number of small companies that were starting up. During this time, he would often evaluate these companies and provide his funds to help them operate. With his investment in the start up companies, Mike would receive returns and a portion of the profits. This venture ended up being very successful as Mike made a considerable sum of money for quite a few years. Therefore, Mike looked to move on to his next professional goal of founding his own company.

Baur founded Swiss Start up Factory in the mid 2010’s and looked to help a number of up and coming companies begin operations. As part of his business model, Mike would hold a number of events for entrepreneurs to tell them about their idea for a business. Baur would listen to them and evaluate each idea. Once he found some ideas that are very profitable, Mike would then offer to finance and mentor the businesses. As a result, Mike has assisted a number of start up businesses not only get the funding necessary to start up, but also the advice and mentorship they need in order to reach fulfill their full potential.

Squaw Valley Resort Responds to Water Concerns

Those visiting the Squaw Valley area are questioning the quality of the water following reports from the local government and media which claim that coliform bacteria and E. coli have been found in the water supply. The first news of water contamination came from the Placer County Department of Environmental Health early on in November. Since then Squaw Valley has worked to remedy the situation.

According to Squaw Valley representatives, the resort got straight to work accessing and addressing the water concerns, and they’re seeing improvements. At present, only three of the four water wells in the upper mountain region show any levels of E. coli and coliform bacteria. The trace amounts present have been lowered, and are on a steady decrease according to Wesley Nicks, the Director of the Placer County Department of Environmental Health.

Though there have been no reported incidents of anyone becoming sick due to drinking or coming in contact with water at the resort, some restrictions have been put in place. While the water condition at Squaw Valley is improving, restaurants remain closed to guests as is access to local drinking water until such time as the Department of Environmental Health gives the all clear to resume normal practices. Until such time, staff and guests are told provide their own drinking water. Those visiting the slopes, however, can continue skiing without worry.

Public Relations Director for Squaw Valley Alpine Meadows, Liesl Kenney, released a statement following weeks of water treatment to let guests and general public know more about the current water situation in the Squaw Valley Upper Mountain region, which can be read in its entirety here.

The contamination in question has been traced back to intense rain storms that took place in October. This affected water systems in the upper mountain, some of which had been undergoing maintenance and receiving upgrades. The water systems at Squaw Valley High Camp and Gold Coast were inundated with water, flooding the systems and leading to contamination at these two points. Squaw Valley has stated that the contamination hadn’t spread to other water systems in the upper mountain and at no point were their guests at danger of drinking contaminated water.

According to Kenney, as soon as they were made aware of the contamination, which they were alerted to during routine testing of their water systems, Squaw Valley notified the Department of Environmental Health so that the general public would be aware of the presence of E. coli and coliform bacteria. Once the proper authorities were notified, Squaw Valley took steps to address the contamination of its water systems.

Kenney insists that the resort remains committed to continual treatment of its water supply until all systems return to normal levels, wanting to make sure public health and safety remain at the top of their operating standards. Until then, water from High Camp and Gold Coast have been restricted from regular use, and when it is deemed safe by public health officials the public will be made aware of the change in status.

Reference: https://weather.com/weather/tenday/l/USCA1090:1:US

IAP Worldwide Services, Inc. announces the acquisition of two business units from DRS Technologies, Inc.

IAP Worldwide Services, Inc. has announced its plan to acquire two business units from the famous DRW Technologies, Inc. The two businesses include the Tactical Networking and Communication Business and the Aviation and Logistics Business. The Oklahoma-based Logistics and Aviation business provide mission support solutions, logistics, and air repair management. The Tactical Networking and Communication Solutions business are based in Aberdeen to provide information technology, engineering services, and communication solutions to the United States government. IAP Worldwide Services, Inc. will integrate the two businesses on prnewswire.com uniquely to form their long-term strategy for growth.

This acquisition depicts the true nature of the company. For the firm, developing high-end solutions to every need is their core purpose. The acquisition will also increase the capabilities in place to IAP Worldwide Services to deliver solutions to their global client. Their addressable market will, therefore, double from the recent few years. The businesses will form a new common force for good. The National Security Program will integrate with the Aviation and Logistics business. The addition of these two businesses unto the company will fit naturally into the working environment. The company’s portfolio of services will be doubled to cover all the needs presented by the United States Government and other agencies from around the world.

Read more: IAP Worldwide Services, Inc. announces the acquisition of two business units from DRS Technologies, Inc.

According to the CEO of IAP Worldwide Services, Doug Kitani, the company has established a strategy to ensure that they grow organically. They will envelop themselves to meet the client’s needs through lean operations, customer-focused discipline, and innovation in all segments of the government. The core business of the company is integrated into the two businesses this acquisition also demonstrates the support the company has from its investors and board members. Therefore, their long-term commitment is established by the enterprise.

IAP Worldwide Services is a leading international service and solution company. It has more than six decades of professional experience. The company offers a wide range of services to international government agencies and the United States. When it comes to the provision of seasoned program management, the company is a world-class leader. IAP Worldwide Services integrates and leverages its capabilities on iapws.com to provide a safe and reliable solution to meet the daily needs of the complex society. For the company, engaging in the unexpected is their daily business. The corporate headquarters of the company is located in Cape Canaveral. It has regional offices in more than 25 countries in the world. Other offices are located in Washington, D.C. area, Florida, Panama, and the United Kingdom.