The Giving Ways of the DeVos Family

The DeVos family has a history of giving and donating to worthy causes. A recent conversation between a member of the family Rich DeVos and Leslie Tassell give insight into their mindset. DeVos was quoted as saying “you look like a million dollars,” when speaking to Tassell recently. The line was a signal for Tassell to donate a million dollars to a cause the Rich DeVos was supporting. This is quite a large donation for any person, but actions like this are business as usual for the DeVos family.

A recent report by Forbes gives some insight into the family giving. For years the family has been tight lipped about just how much they actually give. In the past advised organizations not to discuss the gifts they had received from the family. $1.2 billion is the amount of lifetime giving that has been revealed recently. The Report also gives insight into the yearly giving amount by the family. According to recent reports the family gave $94 million total during 2014, $54 million of which stayed in the western Michigan area.

Family member Dick DeVos has been quite the philanthropist for many years. An entrepreneur,businessman and son of former Amway founder Rich DeVos, Dick has been making a name for himself for quite sometime. He was a member of the family business from an early age and served as the CEO of the company for more than a decade. He eventually became became President and CEO of the NBA’s Orlando Magic, also a family business. His career continued after his stay with the Magic and include a return to the family with Alticor and the eventual formation of The Windquest Group in the early 2000’s.

Just like his family, Dick DeVos has made a name for himself as a philanthropist. He serves as the president of the Dick and Betsy DeVos Foundation, an organization that gives thousands of dollars to various groups including civic, religious, and educational organizations. He works with a number of well known groups that include Mars Hill Bible Church, Potter’s House, Education Freedom Fund and Princeton University.

Clearly Dick DeVos and his family understand the responsibility of giving back that comes with great wealth. Part of their recent openness about their giving efforts is to motivate others to be as generous as possible.

Fabletics To Expand By Opening More Stores

Fabletics is an activewear company. Iconic actress and fashion tastemaker, Kate Hudson, and JustFab Inc. co-Chief Executive Officers, Don Ressler and Adam Goldenberg, co-founded Fabletics. They launched the company after they saw a gap in the activewear marketplace. There was an availability of numerous luxury brands, but none had offered stylish and high-quality gear at an accessible price point. The three entrepreneurs joined forces and launched Fabletics in 2013.

The mission of Fabletics is to create clothing that inspires people to stay active, whether in a competition, a studio or while chasing their children. They offer on-trends designs that have a high quality and at affordable prices. Fabletics can be found on Racked. It has a VIP membership program. A client pays $100 to get two or three pieces of Fabletics outfit. The VIP purchase is discounted to only $25.

Read more: Fabletics on Pinterest

Fabletics, which began as an online and catalog-based business, is now planning to set up walk-in stores. Forbes recently reported that Fabletics intends to open 75 to 100 stores over the next three to five years. Fabletics will be opening its seventh store in the spring at South Park Mall. The company will also recruit shoppers to join the brand’s subscription service and send them discounted outfits once a month. Adam Goldenberg said that the firm manages to send an average of 800,000 items in a month and only receives less than 10 complaints. It is an indication that customers love the program. At the South Park corridor, Fabletics will face stiff competition from other workout retail giants like Lululemon and Athleta. However, the company is prepared for competition with strategies like lowering price points, putting more emphasis on bold colors, and fast-moving inventory.

JustFab, the parent company of Fabletics, revamped Fabletics FAQ section and upgraded its customer service system. Their aim was to make every customer have a good experience and understand the products better than before.

The stores at https://consumerist.com/2016/02/12/yes-real-life-fabletics-stores-just-exist-to-sell-more-vip-memberships/ focus mostly on women. There is a small offering of menswear in the stores. The primary emphasis is on the entire outfit, which is bound to showcase pairings of bras, leggings, and tops. The company is on course to do $250 million in online sales in 2016
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The Search Fixers Help Fix Bad Online Search Results

 

A tarnished reputation is not going to benefit a business in any way. Yet, there are situations that arise that do undermine public opinion. A business sometimes harms itself in this manner. Not treating an employee well could create a lot of upheaval. Disgruntled employees may take their commentary online. Businesses that don’t fix bad reviews end up with the crisis of poorly-reflecting content circulating on the search engines.

Business2Community not only suggests businesses treat employees well. The suggestion is to treat every person involved in any capacity with a business well. This way, the issue of negative comments appearing in the search engines is diminished.

Online public relations and reputation troubles come from all manner of different sources. Bad reviews are probably the most common and they take a number of forms. This is why it is so necessary to always respond to complaints as quickly as possible or else.

Businesses have to work hard to consistently improve their name and standing in the marketplace. Non-action can be a form of action when omission leads to a result. Not taking the proper steps to fix up the horribly damaged results in the search engines would be a textbook example of not acting to fix a problem and creating a greater problem as a result. Anything in the search engines that leaves one business looking weak is going to help another business look good. No business owner is going to thrive when helping a competitor at the expense of his/her own business.

The B2C article points out that United Airlines made the horrible mistake of not addressing a musician’s complaint about the treatment of his guitar. So, the musician wrote a wrong, created a YouTube video, and drew in millions of views.

Staying on top of what people are writing, saying, and even signing on the search engines is strongly advisable for businesses large and small. Even when significant steps are taken to fix negative search results, things go wrong.

Calling on The Search Fixers would be among the wisest steps. The Search Fixers reputation repair services have arrived in the form of a new online reputation management firm. The company is offering a special deal for new clients; fix my online reputation with 30% off my first month. With the help of The Search Fixer, a lot of bad press may potentially be diminished.

Andy Wirth’s Vision of the Future for the California Ski Resorts

As a regular listener of KCRW, I was excited to hear that Andy Wirth would be a guest on Press Play with Madeleine Brand. Andy Wirth is the CEO of Squaw Valley Ski Holdings, the parent company of two ski resorts that are based in Olympic Valley, California. Learn more about Andy Wirth: http://squawalpine.com/explore/blog/andy-wirth-elected-chairman-reno-tahoe-regional-air-service-corporation

California is experiencing a severe drought, and it has lowered the number of visitors to California ski resorts by 20%. The drought is caused by a the Ridiculously Resilient Ridge, a high pressure system just off the coast of California that blocks winter storms and causes warmer temperatures on land.

California typically receives 75% of its precipitation during the winter and the recent changes in winter weather patterns are concerning. The ski industry in California is worth $1.3 billion, but last winter was the worse yet in terms of snowfall for the state.

Madeleine Brand interviewed Andy Wirth to ask him about the future of skiing in the state of California in the face of the current drought.

Andy Wirth is no stranger to weather concerns. He has worked as a backcountry ranger, and has worked on a crew that battles wild fires. He also has 24 years of sales and marketing experience in the resort industry, and he was able to confidently answer Madeleine Brand’s questions.

Andy sees no reason to be worried about the future of the resort business in California. His plan is to diversify and adapt with Squaw Valley Ski Holdings, and he spoke about using his resorts for summer activities and events, such as weddings, meetings, and the Ironman triathlon that is held in nearby Lake Tahoe.

The Ironman competition is an event that has special meaning for Andy. He nearly lost his arm in a skydiving incident, and training for the Ironman has been vital to his rehabilitation.

Andy Wirth agreed that snowfall has been less than ideal for ski resorts, but brought up the use of snow machines as a possible solution. He also says research shows that El Nino may help drive the Ridiculously Resilient Ridge away, and lead to colder weather for this year’s winter season.

Mr. Wirth also spoke about his company’s legacy and contribution to climate change. During his interview, he spoke about Squaw Valley Ski Holdings’ plan of resource management for the beautiful mountains that are home to Squaw Valley and Alpine Meadows ski resorts.

He said that his company is working to reduce their carbon footprint, and that they are moving their energy companies towards using solely renewable resources.

 

Read more: How Will the Drought Affect California Ski Resorts?

Developing Solvy To Help Students With Math

Alexei Beltyukov is a Russian entrepreneur with many successful startups and ventures under his belt. Mr. Beltyukov was recently hired to help develop and launch an educational online platform called Solvy. This online learning program is geared towards high school students who are looking to enter college.

Solvy stands out for many reasons from other math learning programs. The first major standout of Solvy is that it incorporates real world examples and problems in its equations. This is done to grab the attention of the students and encourage them to work through the problem to achieve a real solution. Today’s youth often ask questions why is this important or why should I study math. Solvy shows them that math is used in the real world in fields like architecture, engineering, chemistry and finances.

Another great thing about Solvy is that the instructor of the classroom can easily tweak and customize assignments to fit the student needs and interests. Solvy offers an individual approach to mathematical education. For example if a teachers knows that one of his students is interested in banking, he can offer them questions that incorporate banking into the assignments. This will motivate the student and help him or her prepare for college studies and work in the field of banking.

Solvy’s ability to offer custom tailored problems to students is making math more fun and helps motivate students to try their best in a subject that is often lacking in popularity. Not only can Solvy offer problems to students in a field that interests them, but a teacher can provide more problems on a subject matter that a student is currently struggling in.

Yahoo Finance has heralded Alexei Beltyukov’s Solvy project as being a highly promising educational project. Educators have also praised Solvy and its software. Mr. Beltyukov is a former medical doctor who studied business abroad in France at INSEAD College. He is an entrepreneur in residence and business adviser there.