5 inspirational success stories to motivate aspiring franchisees
Thomas Edison is credited with coining the phrase, “Genius is 1 percent inspiration and 99 percent perspiration.” Something similar could be said for success as a franchise — although we don’t want to completely discount the importance of inspiration. In fact, learning from other franchisees and hearing their stories is of great importance.
“When investing in a franchise business, nothing is more important than talking with franchisees about their experience,” says Eric Stites, CEO and founder of Franchise Business Review, a leading market research firm that specializes in franchisee satisfaction and performance. “The franchisees within a specific franchise brand are essentially going to be your business partners and mentors. What has their experience been? What challenges have they faced? What type of culture does the company have? These are all critical questions to understand before investing in any franchise business opportunity.”
Learning from other franchisees gives you the knowledge and the motivation to succeed. This issue, we take a look at five franchise success stories that can serve as inspiration before you put in all the hard work of opening and running your own franchise.
CHARLES LOFLIN PIZZA PATRÓN
Twenty years ago, Loflin met Antonio Swad, the founder of Pizza Patrón and Wingstop, and decided to become a Wingstop franchisee. The first location, in San Antonio, was so successful that Loflin opened more franchises, eventually owning 70 Wingstops in the Southwest. He went on to add some Pizza Patrón locations to his portfolio.
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