B-Corp Status for The Eco-Conscious Business Owner

For socially conscious entrepreneurs, becoming certified as a B Corporation sounds ideal: Make money and do some good at the same time. But how would it really change your business? B Lab, a Berwyn, Pa.-based non-profit, created the unique business structure and provides the certification. To achieve B Corp status entrepreneurs must meet very high standards in how they treat employees, the environment, and the community in which their business operates.

Young Entrepreneur talked to entrepreneurs that were among the first B Corps, when the certification became available in 2007. Here, they share how the new structure has affected their businesses and offer advice on the process.

Adding B-Corp Status to your business increases your credibility to your sustainable conscious consumers

An uncertain European market could benefit U.S. markets and restaurants

The world will look at U.S. consumer power as a driving force for global stabilization. Sessions at the Technomic Trends & Directions Conference highlights that American consumers are still spending at restaurants– even those who might be classified as a “saver”. This is a huge factor in confidence, in addition to, job creation despite a 4% decrease in the private sector.
Technomic predicts that if U.S. lawmakers pass policies aimed at increasing certainty in the economy, particularly with regards to housing, then restaurants will enjoy the benefits. What do you think?

The Next Big Thing: American Food Trucks in Paris

Although much of France has yet to catch on to the new era in street dining, Parisians know what it means to be “très Brooklyn”– which is considered a cool combination of informality, creativity and quality. Paris is quickly lining up for American food trucks that takes high quality restaurant-like dishes to the streets. American food trucks such as Cantine California and Le Camion Qui Fume have gained a big following in a short period of time despite critics who were totally against
it at first.
How do you think this will impact the global landscape of the food truck movement? Will Paris become the “Brooklyn” of France?

Starbucks Acquires San Francisco Based La Boulange Bakery

Starbucks jumps into the bread baking business with the acquisition of La Boulange Bakery. La Boulage Bakery, a San Francisco Company with 19 locations will now be able to serve many more consumers… Perhaps 17,000 locations.

Per Starbucks Press Release: “This acquisition and Pascal’s visionary leadership will bring the artistry of the French bakery to the marketplace in a similar way that Starbucks brought the romance of the Italian espresso bar to many North American coffee consumers for the first time. La Boulange bakery and Pascal are known for skillfully crafting authentic French pastries and breads from scratch using high-quality, fresh ingredients. With this acquisition, Starbucks plans to introduce many of Pascal’s secret and storied recipes into its U.S. company-operated stores under the La Boulange® brand, while also accelerating the expansion of the company’s retail footprint over time in key U.S. cities to further build a differentiated brand and customer experience unique to the premium retail bakery café category.”

Starbucks Press Release on La Boulange Aquisition.

Groupon Aquires Breadcrumb, a New York City IPAD POS Company

Similar to mobile payment service Square, Breadcrumb runs its point of sale system (POS) with iOS apps. This keeps costs lower because businesses aren’t stuck buying pricy cash register equipment. At a restaurant, Breadcrumb can manage an entire patron’s order from the time they walk in the door to when they pay their check. Groupon alludes that it will integrate its services into the Breadcrumb POS system.

Groupon Aquires Breakcrumb POS

Fast Casual Executive Summit: October 21-23 in San Diego

Join Hospitality executives at the fast casual summit this october in San Diego. This unique gathering will bring together a select group of top executives from the fast casual segment for two and a half days of networking and work group sessions designed to foster the exchange of ideas and innovations covering the industry’s top strategic issues. Fast casual executives will have the opportunity to further establish segment best practices through peer collaboration and executive education in a fun and relaxed environment.

Fast Casual Executive Summit, October 21-23 in San Diego, reserve your spot.

Vermont sits in the #1 spot on the Locavore Index for locally sourced food

Nationwide, small farms, farmers markets and specialty food makers are popping up and thriving as more people seek locally produced foods. More than half of consumers now say it’s more important to buy local than organic, according to market research firm Mintel, and Deputy Agriculture Secretary Kathleen Merrigan called the local food movement “the biggest retail food trend in my adult lifetime.” But with no official definition for what makes a food local, the government can’t track sales. And consumers don’t always know what they are buying. A supermarket tomato labeled “local” may have come from 10, 100 or more miles away. Strict locavores stick to food raised within a certain radius of their home — 50, 100 or 250 miles. Others may allow themselves dried spices, coffee or chocolate.

Two of the more common standards used by locavores are food produced within 100 miles or within the same state that it’s consumed. A new locavore index ranked Vermont as the top state in its commitment to raising and eating locally grown food based on the number of farmers markets and community supported agriculture farms, where customers pay a lump sum up front and receive weekly deliveries of produce and other foods.

Vermont has 99 farmers markets and 164 CSAs, with a population of fewer than 622,000, according to the 2012 Strolling of the Heifers Locavore Index, which relies on U.S. Department of Agriculture and census figures. Iowa, Montana, Maine and Hawaii rounded out the top five.

Vermont tops the Nation with the highest Locavore Index

Free Webinar: Learn more about Mobile Payments: May 17th 2pm

Join QSR and Seth Priebatsch, Chief Ninja, LevelUp Nick Holland, Senior Analyst, Yankee Group and Chris Mahl, Chief Revenue and Strategy Officer, LevelUp on Thursday, May 17 at 2:00pm for a mobile payments discussion between industry leaders.

You’ll learn: Who’s first. Many consumers already pay with their phones. What tech are they using, and which businesses are on board? What’s working. Some mobile payment solutions have already come and gone. Learn what differentiates the winners. Why you’ll be involved. Mobile payments represent a fundamental shift in the way we do business, and there are new value propositions for all players in the space. Learn where you fit into the picture.

Free Webinar on Mobile Payments, May 17th 2pm

What every Restaurateur and Retailer should know about Immigration: 10 Steps to Compliance

Federal immigration officials are stepping up efforts to crack down on the hiring of illegal workers, but there are steps restaurant operators can take to protect themselves, employment attorney Daniel Ramirez told attendees at the NRA Show. A partner with the Houston-based law firm Monty & Ramirez LLP, Ramirez outlined the top ten strategies operators should be taking today.

In 2011, 624 employers were arrested for hiring undocumented workers, up from 433 the year before, he said. Since 2009, U.S. employers have paid out more than $76 million in financial sanctions.

A key issue is whether employers knowingly hired unauthorized workers. Ramirez said there is “actual knowledge,” when a worker tells the employer he or she is undocumented, and there’s “constructive knowledge,” when a reasonable person can figure out a worker isn’t in compliance.

10 Steps to protect your operation from immigration non-compliance

Organic Trade Association Says Organic Industry Grew nearly by 10 Percent in 2011

The U.S. organic industry grew by 9.5 percent overall in 2011 to reach $31.5 billion in sales. The organic food and beverage sector was valued at $29.22 billion, according to the Organic Trade Association’s 2012 Organic Industry Survey. “The U.S. organic sector continues to show steady and healthy growth, growing overall by 9.5 percent during 2011, and, for the first time, surpassing the $30 billion mark,” said Christine Bushway, OTA’s executive director and CEO.

Organic Industry Grew Nearly 10 Percent in 2011, read the full article in Fast Casual