The California Consumer Privacy Act of 2018 will allow consumers access to stored information used by companies while allowing them to opt out of data sharing or have companies remove their data entirely. Affected companies must be prepared to comply with consumer data access requests and keep consumers informed on how their personal data will be used.
The National Adoption Center, which helps to connect children in foster care with permanent homes, says it has helped to establish some 23,000 families. One of the center's prominent sponsors is Wendy's, which has long been focused on adoption issues. "The Center is instrumental in coordinating matching events for prospective families and children in need of adoption," said Wendy's franchisee Anthony Romeo.
MOD Pizza has long focused on making a positive impact on the community, says CEO Scott Svenson. The company initially took a gradual approach to growth, allowing the brand to implement systems and processes that are now allowing it to achieve more rapid expansion, he says.
Pest-control business Mosquito Joe was acquired by the Dwyer Group -- Dwyer Group's first purchase since announcing a collaboration with Harvest Partners. "Mosquito Joe's rally cry is 'Outside is fun again,' and we think their service combined with their professionalism and high customer satisfaction marks are the perfect fit for Dwyer Group and our Neighborly offering," said Dwyer Group President and CEO Mike Bidwell.
In addition to brands with locations in Europe, the EU's General Data Protection Regulation could also affect US brands that regularly do business with EU citizens. GDPR may also be a sign of things to come elsewhere in the world, so some brands are working to ensure their entire global footprint complies with the regulation, says Brian Vecci of Varonis Systems.
Chad Leeling, who already owns Shots Bar and Grill, is turning a long-vacant building into an events center that will serve as a venue for live music in Scottsbluff, Neb. In addition, Leeling plans to offer free dance lessons and to make the upstairs available for wedding receptions, graduation parties and other celebrations.
Companies need to keep reinventing their brands to increase their market share, writes Raoul Davis, partner at Ascendant Group. It's important to understand competitors' offerings and to focus on a specific niche while keeping the fundamentals of your business in mind.
New businesses have multiple ways to access capital, writes Alejandro Cremades, who outlines the benefits and pitfalls of both debt and equity financing. Debt financing allows you to maintain control of your business, but monthly payments can put a strain on your cash flow, he notes.
Price may not be the most important factor in making a sale, depending on the customer's motivations, writes Leanne Hoagland-Smith. "[D]iscovering what is driving the decision-making process allows for potential upselling opportunities that had not been previously considered," she notes.
The market for online mattress sales provides a real-world example of the difference between venture capital-fueled growth and self-funded expansion. Industry veterans Saatva and Amerisleep represent the more-gradual approach, while Casper, founded in 2014, has brought in $239.5 million in funding.