“I've known entrepreneurs who were not great salespeople, or didn't know how to code, or were not

The company of restaurants started in 1946 when Truett Cathy opened his first restaurant in Georgia. They are credited with inventing the Chick-Fil-A’s boneless breast of chicken sandwich. In the 1960’s, he pioneered the opening of the restaurant in different malls in Atlanta. It has grown to become the largest quick service chicken restaurant chain in the United States based on their domestic annual sales and with over 1900 branches countrywide. The restaurant is privately held and family owned and has been progressing in the delivery of exclusive services to all their customers. The mission of the restaurant is to give identity and value to their clients and the vision is to be America’s best service quick restaurant.

‘Herewith appear to be the most pressing matters; one, infective and inexperienced entrepreneurial leadership. Two, the dialectic nature between front of house and back of house, and three, a lack of general training motivation and direction in original concept.’

Samuel Truett Cathy has worked day and night to build his brand. In his book, he states that he went without pay several times so his staff could receive payment. Chick-Fil-A is a viable business thanks to the sacrifices he made. He could have had the company hire anyone on the street, and the company could have grown faster in the beginning as a result of that. I thought that it was so smart of him to keep his principles in this area, so all of the franchises run

The company has been sold several times. First, in 1935 Ishmael Armstrong sold Krispy Kreme to Vernon Rudolph’s father Plumie Rudolph. Second, in 1976 due to Vernon Rudolph’s death, the company was then sold to Beatrice Foods of Chicago. Third, in 1982 Joseph A McAleer Sr. who led a group of Krispy Kreme franchisee bought back Krispy Kreme from Beatrice Foods. Finally, Krispy Kreme Inc. became a publicly traded company in 2000 by joining the NASDAQ as well as joining NYSE in 2001.

In order for one to succeed in any situation, business or otherwise, two things are necessary. Both an individual’s personal ability to succeed, as a result of personality, training, willpower and determination, etc., and favorable circumstances or situational

If you are from the south, you have probably heard of the fast food chain Zaxby’s. With more than 660 locations[bandwagon, logos], the company is worth billions, all made possible by two young entrepreneurs, Zach McLeroy and Tony Townley. The two have been best friends since fifth grade, where they decided that there was a need for better chicken. Later, McLeroy sold his drum set- giving up his rockstar career to start the chicken joint- which now boasts a annual revenue of about 1.7 billion. [anecdote, pathos]

The article that I read was called “Baskin-Robbins Franchisee, Hugh Williams” which I will also cite below in further detail. It is a short yet very interesting article about a franchisee named Hugh Williams who was given licensing to open up his own Baskin-Robbins. The article starts out by talking about a little of his background information and how he worked for his parents Baskin-Robbins when he was younger. What is interesting is how he had the dream to open up his own when he got older and he made it happen. He actually graduated from Georgia Tech with an engineering degree which is not something you would expect from the franchisee of an ice cream shop. Even with his love for Baskin-Robbins he still was unsure of himself and he actually sold his shops in 1997 in pursuit of a different career. However he found himself going back to the small ice cream shop as he missed the simplicity of owning one. Hugh eventually became a multi-unit

Cathy was forced to rethink his business. His fried chicken sandwich had always sold well, but

Harvey experienced this a few times. He first opened a Fred Harvey restaurant in Topeka. People immediately loved it because it had good food, it was clean, had great service, and it was at a reasonable price. Soon they became a chain of restaurants. They were about one hundred miles from each other along the Santa Fe Main Line. Harvey wanted the best food that he could get to give to his customers, so he kept his own beef herd, operated its own dairies, and shipped tank cars of fresh water to the restaurants in the desert areas. The menus consisted of thick, juicy steaks, and hot, crispy hash browns. Meals were served on tables outfitted with imported linens, silver table service, and fine china personalized with Fred Harvey’s name. The most popular part of his restaurants are the

Dave Thomas, the founder of Wendy's restaurant, opened his first restaurant on November 15, 1969 in Columbus, Ohio. Dave was born in Atlantic City, New Jersey on July 2, 1932. He was adopted at six weeks old by Rex and Auleva Thomas. Dave moved from state to state with his father when his mother passed at the age of 5. At the age of 12, Dave obtained his first job at a restaurant in Knoxville. Thus, he began his love for the restaurant business. At the age of 15, Dave dropped out of high school to work full time in the restaurant business. While working full-time at the Hobby House restaurant, Dave met Colonel Sanders, the founder of Kentucky Fried Chicken (now KFC). In 1962, Dave was offered the opportunity to turn around four failing

The owner of Five Guys, Jerry Murrell, was very successful when it came to his burger business. He didn’t have to do much advertising when he first opened, his shop got business by word of mouth. Murrell operated his business differently than other owners, he used the best ingredients, even if they were more expensive. Since he didn’t have much money to expand, his sons persuaded him to franchise his business, which Murrell was very against, but he did it. After franchising, thousands of businesses have opened all over the United States and now the world. When Murrell opened his first burger joint, he only put $35,000 into it including the rent and machinery. I learned from this that it doesn’t require much money to reach out and start your

Chicken.” You never think about the things that make a business run, you only focus on the way

The franchises of Kentucky Fried Chicken and Wendy’s are two of the most successful fast food chains in the world. Both founders, Harland Sanders of KFC and Dave Thomas of Wendy’s have the same work ethic which made the, born entrepreneurs. Even though the beginnings of their lives were difficult and completely different then they are now, they kept their spirit and personality the same throughout their lives. They used that personality and work morals to build their own businesses and make themselves extremely successful.

Kentucky Fried Chicken (KFC) is a popular fast food chicken restaurant chain around the world. (Bell, Shelman, 2011) It is one of the subsidiary of Yum Brand. This company also operates the Pizza Hut and Taco Bell. (Yum! Brands, Inc, 2016) KFC was founded by Harland Sanders in 1952. (Bell, Shelman, 2011) Sanders was successful in creating the brand, even the logo of KFC brand is the portrait of him. He became a notable figure in American history thanks to his great contribution on creating KFC brand. Nowadays, KFC becomes more and more popular, the sales ranking of KFC was the 11th among the worldwide restaurant brands. (The QSR 50, 2015) The sales of KFC in 2014 was 4200 million dollars. (Details in Appendix 1) It means KFC has a large quantities of consumption needs. Actually, KFC has 14,577 restaurants around the world and 70% of them are located outside America (Yum Brand Annual Report, 2015). The restaurant profit was increased year by year from 2013 to 2015. (Details in Appendix 2) Therefore, it is potential to enlarge the customer base by analyzing consumer behaviors.

As much as entrepreneurial mindset is important for business success, it is also vital to understand the current level in each entrepreneurial community by identifying which factors are lacking that needs to be improved as a means to foster the success of entrepreneurs. The above statement relates with the fact that business success in the new economy is merely not a function of relevant skills; but requires people with entrepreneurial mindsets.