Learn From the Legends

While in the initial days of your franchise you can try to learn a lot from the franchising legends who have built some of the biggest brands of today. Fred DeLuca, John Hewitt and Frank Carney are some names that have built brands like the Jackson Hewitt Tax Services or the Subway or the Pizza Hut. They spend decades building these brands which most of us have personally come into contact with. These franchising legends are hugely busy they still don’t mind sharing with potential entrepreneurs an insight into their franchisee success to let the coming generations know exactly what should they expect from the franchise industry. When it comes to franchising there is no better expert than Frank Carney, he knows franchising from both sides as a franchiser and as a franchisee. In 1958 he and his brother co-founded Pizza Hut, which grew so successfully that it attracted the attention of PepsiCo, which bought the company in 1977. In 1994 Carney returned and became a Papa John’s pizza franchisee. Presently he owns 116 stores in 5 different markets. According to Carney when you keep working you are sure to find a problem, if you know how to fix the problem then you have a good chance of surviving. If you don’t enjoy the job then probably wont be there for very long. According to Carney franchising has changed a lot since 1959, then there were not so many rules as there are now involved in the business of franchising. It has a different way of looking now, nowadays the franchisees don’t have the freedom to test, so it takes a lot longer as only the company people can do it right. For him keeping a more close relationship with the franchisee on the part of the franchiser is something desirable and fruitful. From what it is now, the atmosphere can be a little more permissive obviously not a risk running way which goes against the laws and regulations.