試す 金 - 無料
NO DRAMA WITH MOMMA (OR ANYONE ELSE)
Entrepreneur US
|Startups - Spring 2023
How to run a successful franchise with loved ones.
Considering that United Franchise Group (UFG) started with a business that creates signs, it makes sense that the walls of its sprawling West Palm Beach headquarters are covered with-you guessed it-a whole lot of signs. Among the most prominent, front and center in the lobby, there's one sign that announces the company's core value: "Like a family." But UFG, whose affiliated brands include more than 1,600 franchises in more than 60 countries, isn't just like a family. It's a multigeneration, family-run business, with several family members on the payroll. That includes Ray Titus-who founded Signarama with his father in 1986-and Titus' three sons, plus assorted nephews.
In nearly 37 years of running the company, they've learned a lot about what it takes to keep the wheels of a family-run franchise business turning smoothly. "The franchise model is very attractive to families," says Ray Titus. "There are systems in place, processes in place, roles defined...and we understand those dynamics."
But even if your franchise isn't family-owned, insights on how to successfully navigate the interpersonal, intergenerational dynamics of a family-run franchise can still be very instructive. For any business owner, it's often difficult to find the dividing line between personal and professional relationships. And franchising relies on personal relationships to an unusual degree. This is in part because the cost of entry for many non-food franchises is low enough that franchisees can afford it with modest investments-often from friends or family members. During the startup phase, spouses, children, and friends can help out, and they care more about the business's success than random hires would. "You've got a trust factor involved," says Ed Teixeira, a franchising consultant and coauthor of the new book Franchising Strategies: The Entrepreneur's Guide to Success.
このストーリーは、Entrepreneur US の Startups - Spring 2023 版からのものです。
Magzter GOLD を購読すると、厳選された何千ものプレミアム記事や、10,000 以上の雑誌や新聞にアクセスできます。
すでに購読者ですか? サインイン
Entrepreneur US からのその他のストーリー
Entrepreneur US
Seilin & Co.
CRAFTSMANSHIP WITH GLOBAL AMBITION
3 mins
May/June 2026
Entrepreneur US
COGIT
BUILT ON INTEGRITY, DRIVEN BY DESIGN
3 mins
May/June 2026
Entrepreneur US
Japan
OPENING NEW DOORS FOR GLOBAL INVESTORS IN A RAPIDLY EVOLVING ECONOMY
3 mins
May/June 2026
Entrepreneur US
JR Kyushu
CONNECTING KYUSHU TO THE WORLD
6 mins
May/June 2026
Entrepreneur US
Decrease Your Stress With a Custom AI Assistant
It'll give you a full debrief on your week and forecast the one ahead.
2 mins
May/June 2026
Entrepreneur US
How to Get Paid for Your Ideas
Want to be a public speaker, or create a best-selling course? You must turn your ideas into something tactical, practical, and memorable. Here's how.
7 mins
May/June 2026
Entrepreneur US
How to Make AI Recommend You
Want your business to pop up in AI queries? And be suggested to your ideal customers? Here's a specific plan.
3 mins
May/June 2026
Entrepreneur US
Kura Sushi
A HIGH-TRUST RESTAURANT MODEL BUILT FOR GLOBAL SCALE
3 mins
May/June 2026
Entrepreneur US
Increase Sales With AI-Powered Follow-Ups
This simple system will make your sales process faster and more effective.
2 mins
May/June 2026
Entrepreneur US
UBE Corporation
FROM INDUSTRIAL ROOTS TO GLOBAL INNOVATION
3 mins
May/June 2026
Translate
Change font size
