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Chipotle same-store sales rise 8.1% in 2Q

Nation's Restaurant News - Tue, 2017-07-25 21:20
Company says it has “a lot of opportunity” to improve operations

McDonald’s results ease concerns of industry slump

Nation's Restaurant News - Tue, 2017-07-25 20:44
Stock in the chain, and in the restaurants, surge after chain reports sales results

Cash prize of A 5,000 up for grabs simply by ordering a burger from Deliveroo

Topix - Tue, 2017-07-25 18:50

Fast food delivery chain Deliveroo and burger giant Five Guys are celebrating their partnership by giving away a cash prize to five lucky customers. Five Guys is now available to Deliveroo customers in more than 50 locations and to mark the milestone, five 3D printed golden burgers have been released.

Categories: Today's Food News

Domino’s stock plunges due to weak international sales

Nation's Restaurant News - Tue, 2017-07-25 17:45
Stock falls more than 8 percent despite continued strong domestic sales

Top 10 Ways to Change Compensation Structure Without Causing Panic

Small Business Trends - Tue, 2017-07-25 17:30


Business owners often need to make employee compensation alterations for various reasons, whether it’s to adjust for new business goals, launch new incentive programs or simply lower expenses. Unfortunately, many organizations forget to include employees in the process. This can lead to an overall sense of disappointment, anger and frustration with the employer and ultimately, hostility and lower productivity. To help avoid any unwanted surprises and keep a calm and professional working environment, we’ve asked 10 members of Young Entrepreneur Council (YEC) the following question:

“When you find that you need to shift your employee pay structure, how best should you go about doing so without making many waves?”

Tips for Managing Compensation Changes

Here’s what YEC community members had to say:

1. Create Transparency

“Your people should know what you’re doing as soon as you’ve made the decision to do it, if you want a team that’s built on trust. Making waves can’t really be avoided in this case because it’s going to be a big deal to everyone no matter how it’s presented. People are serious about their compensation, and they expect to be informed of changes with time to make any decisions that need to be made.” ~ Adam Steele, The Magistrate

2. Align Pay Shift with Company Strategy

“Use the strategy to illustrate why you are making changes, so they can connect their pay with what they need to accomplish for the organization. They can then see that what they are doing will pay off for the company and themselves.” ~ Angela Ruth, Due

3. Ask Employees for Input and Listen

“Shifting pay structure can be a tenuous process. There is a natural inclination for management and C-suite talent to internalize this process, however, employees themselves can be a goldmine of ideas. Ask the very same employees how they would suggest the situation be addressed and truly listen to and heed the messages you receive. This will instill high morale and trust moving forward.” ~ Ryan Bradley, Koester & Bradley, LLP

4. Hold Personal Meetings

“Salaries are a very personal thing. When we’ve made adjustments in the past, we first had one-on-one meetings with those affected. It can take longer, but it allows employees to have a conversation and ask questions which they may not be able to ask in a group. Post private sessions, have a group meeting to re-discuss together so it’s not seen as taboo, but open for dialogue.” ~ Nicolas Gremion, Free-eBooks.net

5. Communicate Often

“When it comes to adjusting someone’s pay, it’s tough to avoid waves. I’m a big believer in being honest and upfront as soon as possible. If an employee finds out the news before you have the opportunity to inform them, those waves will be tough. Sit your employee(s) down and explain why you have to adjust, then hear them out. Talking it out usually results in a better understanding.” ~ Abhilash Patel, Abhilash.co

6. Send Out a Company Newsletter

“The simplest way is to create a company email/official update regarding your policy and to direct any questions and concerns to your HR team. This keeps things highly professional and will allow for the most appropriate methods to handle concerns, which ultimately should come from HR.” ~ Nicole Munoz, Start Ranking Now

7. Have a Well-Defined Structure

“I think every employee should have an idea of exactly where they are, salary-wise, throughout their career. I think they should be cognizant of the potential industry changes, which may affect their compensation. Within the company, they should have clearly defined goals—reaching these or failing to reach these will impact whether they get a raise, or exactly how much of an increase they will get.” ~ Bryce Welker, Crush The CPA Exam

8. Create a Healthy Competition from the Get-Go

“As an entrepreneur, I don’t ask my customers for a raise. I expand, create, invent. It should be the same for an employee. Provide more in order to make more. When I find myself saying too many times things such as “thank you” or “great job” to an employee, a raise is needed. If I think or talk too much about one specific employee, that’s a sign that I either need to fire or promote that employee.” ~ Adrian Ghila, Luxe RV, Inc.

9. Time It Right

“Everyone plans and budgets accordingly to what they make after tax. Therefore, make sure you do not make any pay structure changes, especially those that affect the take-home salary negatively, in the middle of a compensation cycle. If you are moving a fixed portion of salary to a performance-driven variable or to stock options, explain the reason and the timing. Give enough clarity to instill confidence.” ~ Shilpi Sharma, Kvantum Inc.

10. Offer Goal-Based Compensation

“Having a portion of compensation based on the completion of highly measurable goals is often a way to motivate key employees to choose the right priorities, and align their efforts with what is most important to the company mission. We also find that it is acceptable, as the employer, to reward partial completion, albeit perhaps with a lesser reward.” ~ Joe Beccalori, Interact Marketing

Business Discussion Photo via Shutterstock

This article, "Top 10 Ways to Change Compensation Structure Without Causing Panic" was first published on Small Business Trends

Asbury Automotive exits its used-only operations

AutoNews - Tue, 2017-07-25 16:32
Asbury Automotive is closing its remaining Q auto stand-alone used-car stores to redirect investments that will deliver better returns.
Categories: Latest News

Arby’s introduces porchetta sandwiches

Nation's Restaurant News - Tue, 2017-07-25 16:28
Smoked rolled pork is chain’s latest meat innovation

Trend: How Your Business Can Profit from Sparkling Water

Small Business Trends - Tue, 2017-07-25 15:30

This summer, the cold beverage of choice may not be soda or iced tea like it has been in the past. Instead, more and more consumers are reaching for sparkling water.

In fact, the Beverage Marketing Corporation has projected sparkling water sales to increase by more than 20 percent in 2017, according to a report from Yahoo Finance.

Led by popular brands like LaCroix, sparkling water has even become somewhat of a trendy accessories, showing up in Instagrams and other social media posts, thus fueling the popularity of these beverages even more.

#lacroixsoverboys but i wish this was a photo of the tangerine flavor because it is ?

A post shared by e l y s e (@elyseboland) on Jul 24, 2017 at 6:08am PDT

Dear @lacroixwater thank you for existing. Love, a La Croix addict ? // shop this thanks card at primpprints.com #mondaymorning #lacroix

A post shared by PrimpPrints Paper Co (@primpprints) on Jul 24, 2017 at 6:04am PDT

more la croix please ???

A post shared by la croix (@joyfrom_lacroix) on Jul 23, 2017 at 10:31am PDT

If you run a restaurant, convenience store or other small beverage distributor, this trend is something you should definitely monitor. Sparkling water has already become a popular choice. And it doesn’t seem likely to slow down anytime soon. So if you don’t already, it could be time to look into stocking these sparkling water brands.

Sparkling Water Market Demonstrates the Importance of Trend Watching

And no matter what type of business you run, it’s important to pay attention to trends like this one. You need to know the products and brands that are trending upward with your customers, and stock your shelves or fill your menu accordingly.

Sparkling Water Photo via Shutterstock

This article, "Trend: How Your Business Can Profit from Sparkling Water" was first published on Small Business Trends

Grub on the go: A guide to ideal road trip fast food meals

Topix - Tue, 2017-07-25 14:17

When you're hungry on a road trip, you want something that's fast, convenient and car-friendly. After putting hours and hours of highway miles under your tires, you're ready to throw all your dietary caution to the wind and indulge, guilt free, in a little fast food.

Categories: Today's Food News

McDonald's comeback kicks into high gear thanks to new sandwiches

Topix - Tue, 2017-07-25 14:17

The company touted a nearly 4% jump in domestic sales and credited the launch of its Signature Crafted sandwich platform --- which include high-quality ingredients like Hass avocados and Applewood smoked bacon --- as well as a national cold beverage value promotion, for the resurgence. The fast food giant's stock is red hot , soaring 30% so far this year.

Categories: Today's Food News

Grub on the go: A guide to ideal road trip fast food meals

Topix - Tue, 2017-07-25 14:17

When you're hungry on a road trip , you want something that's fast, convenient and car-friendly. After putting hours and hours of highway miles under your tires, you're ready to throw all your dietary caution to the wind and indulge, guilt free, in a little fast food .

Categories: Today's Food News

McDonald’s U.S. same-store sales rise 3.9%

Nation's Restaurant News - Tue, 2017-07-25 13:59
Company cites new sandwiches, beverages for improved performance

Domino’s Pizza same-store sales up 9.5%

Nation's Restaurant News - Tue, 2017-07-25 13:57
Company continues run of strong growth, but international sales slow down

Zoho One Launched: New All in One Pricing for Zoho Apps

Small Business Trends - Tue, 2017-07-25 13:34

Zoho just announced Zoho One, a new all-in-one suite of applications to help small businesses, essentially, run all aspects of their operations.

Think of Zoho One as a bundle of existing Zoho applications delivered in one central place, with an exciting new pricing model that small businesses will love.

It includes more than 35 integrated software applications and an equal number of mobile apps. Zoho’s applications range from accounting to inventory management, from CRM to help desk, from recruiting to HR management, and much more. The price includes access to the full-featured enterprise versions of each software application, also.

Zoho One features a single login for each employee. Companies get centralized billing and administrative control for their organizations.

Here is the exciting part — the price is just $1 per employee per day in the United States. That equates to $30 per user per month, if billed annually. It works out to $35 per user per month if billed month-to-month.  You must buy a license for every worker who uses Zoho One.

If you were to purchase each application separately, it would cost roughly $2,800, according to Zoho Chief Evangelist, Raju Vegesna.

So why is Zoho offering such a price break?  According to Vegesna, Zoho sees the Zoho One pricing as nothing short of revolutionary. Zoho wants to take scarcity out of the equation, so that smaller organizations can have access to all the software they need.

The Strategy Behind Zoho One

This new all-encompassing system should make the whole spectrum of Zoho offerings more appealing to businesses. For businesses that previously rationed their use of business apps, the pricing structure for Zoho One makes it easy to switch to using all Zoho apps.

In a prepared statement, the company says, “The traditional approach to integration involves large budgets and armies of expensive IT consultants to integrate application silos from multiple vendors, making powerful software the privilege of large companies with deep pockets. Zoho One brings this power to every business, without the complexity and price tag of the past.”

One of the advantages of Zoho products is their seamless integration with each other. That means you don’t have to separately figure out how to make your CRM share data back and forth with your live chat or accounting software. The integration is built in across Zoho products.

“With Zoho One, customers are not just licensing apps they need to run their business. They are licensing peace of mind. With the complexity of running multiple applications taken out of their way, customers can focus on their core business,” added Vegesna.

Brent Leary, co-founder and analyst partner of CRM Essentials shared his impressions of Zoho One with Small Business Trends. According to Leary, “Zoho One simplifies the buying process, and not just for the great pricing. The more apps you use under the Zoho One umbrella the easier it should be to get customer service when you need it, as you have just one vendor to deal with. Invoicing and servicing are more attractive, too, as it’s much easier to deal with a single vendor. And the apps underneath the Zoho One umbrella should be easier to work across, as opposed to applications from multiple vendors with loose or no integrations at all, making it more productive and efficient to get things done.”

And it’s not only the consolidated pricing and administration that sets Zoho One apart. The company also architected changes to the software under the hood to provide a truly integrated experience.

Zoho currently offers suites of its products. For instance, Zoho CRM Plus is the company’s customer engagement bundle, offering access to nine applications for one price.  Zoho One, however, takes the bundling model to the next level, giving access to all applications.

For businesses interested in testing out Zoho One, the product is available worldwide today. You can sign up for a 30-day free trial on the company’s website. The company also is offering Zoho concierges to help organizations determine the best options for them.

Zoho is headquartered in Pleasanton, California, with locations in four other countries. Zoho today serves 30 million users across hundreds of thousands of organizations.

Image: Zoho

This article, "Zoho One Launched: New All in One Pricing for Zoho Apps" was first published on Small Business Trends

Asbury's Q2 net drops 13% to $32 million

AutoNews - Tue, 2017-07-25 12:54
Asbury Automotive's second-quarter net income dropped 13 percent to $31.9 million on lower profit margins per new and used vehicles sold.
Categories: Latest News

Subaru sets modest price hike for '18 Impreza

AutoNews - Tue, 2017-07-25 12:49
Subaru's fifth-generation Impreza is off to a strong start in the U.S. after a redesign last year, and the automaker isn't changing the starting price much for the 2018 model.
Categories: Latest News

Autograph Collection Introduces Hotel EMC2 In Chicago

Hotel Interactive - Tue, 2017-07-25 12:24
BETHESDA, MD––Some might call it genius; all will call it “exactly like nothing else.” Autograph Collection Hotels, part of Marriott International ...

Picking Up The Pace

Hotel Interactive - Tue, 2017-07-25 12:19
First Hospitality Group Ramps Up Development Through Urban Projects

Tesla Model S regains top safety rating with software update, Consumer Reports says

AutoNews - Tue, 2017-07-25 12:11
Tesla provided an over-the-air update in July to its software on the Model S to include automatic emergency braking at highway speeds.
Categories: Latest News