Common good economy (GWÖ)at noisy Roomsnoisy Rooms offers musicians a place to be creative in the best possible environment. But we are also ambitious and think about things more deeply. That’s why noisy Rooms operates according to the principles of the common good economy (GWÖ). Have you heard of it? If not, take a look at the linked clip to see what it's all about.noisy Rooms lives the common good economy ...We believe society can't just keep going the way that it is. Think about issues like environmental protection, populism, the gap between poor and rich ... But where to start? We think we should start with ourselves. That’s why noisy Rooms will operate according to the common good economy for the next five years. And if it's a success, we’ll continue. The common good economy is a new movement around co-founder Christian Felber. The basic idea is to develop and implement an ethical economic model – specifically without the aim of maximizing profit. The good of the community comes first instead!... and is fair, social, transparent and sustainableFair: You pay a fair price for rehearsal rooms at noisy Rooms. And of course our employees are also paid fairly. The wage spread at noisy Rooms doesn’t exceed 1:2 (ratio of lowest to highest salary). Just: noisy Rooms is not about profit maximization. We, the two shareholders, don’t receive any profit sharing from surplus income. In the long term, we want to use the surpluses for lower rent and to promote social projects in the music sector. Social: noisy Rooms trains employees and offers working-hours models based on people’s needs. Our employees can have a say in important decisions. We value each other in our dealings. Transparent: noisy Rooms is transparent with its company figures. That’s why we publish our annual financial statement on our website every year. The first is expected to be in fall 2020; beginning in 2023 we aim to follow the official accounting rules of the common good economy (GWÖ). Sustainable: Greenpeace Energy supplies us with electricity, and we work together with GLS Bank. We prefer regional connections and rely on durable equipment from established brands. We separate waste, and avoid producing it whenever possible. That’s why we use reusable systems.Things can get even better!noisy Rooms wants to make life for musicians a little better every day – but we need your help. Give us constructive criticism, tell us what you like and what you don’t like. We will implement any suggestions that make sense and are feasible.