Franchise Update Magazine Issue I, 2013 | Page 9

more than I should be. It’s the handson in me, I guess. LEADERSHIP How do you transmit your culture from your office to front-line employees? What is your role as CEO? Having Our/my message is consistent throughout our system: Never be satisfied, franchisees are our lifeline. developed my career path from highly regulated industries, I am a micromanager. I spend lots of time with my corporate team supporting their development. I also spend ample time with our franchise system, helping our franchisees build their business. I get it: support my chosen management team and our franchisees as the vision of the brand unfolds. Describe your leadership style. “Never be satisfied.” This means I instill a philosophy with my team that every day offers new challenges, and every day we can get better at what we did yesterday. What has inspired your leadership style? I was born to immigrant parents who arrived in the USA at age 12, and I lived the dream of watching my parents build a business without an education and funding. I was able to watch them better their business day after day. What is your biggest leadership challenge? I allow my team and support staff room to function, to do their duties and develop their departments/ divisions. I find myself in their space Where is the best place to prepare for leadership: an MBA school or OTJ? A formal education is a good way to start. But I will yield, in my experience, and take OTJ experience over an MBA degree all day long. The ability to deliver results is faster with OTJ experience hires. Are tough decisions best taken by one person? How do you make tough decisions? I feel the CEO should have debated all the necessary facts and issues with any tough decision and react accordingly. In our world at East Coast Wings & Grill, when it comes to franchisee changes, I like for there to be a voice from our franchisees. Many times if an issue affects the franchisee, especially their EBITDA, we will call a Franchise Advisory Council meeting for further discussion. your vision is attainable with the correct management team hires. Develop trust, transparent and clear communication among your team and franchise system. Ultimately, you are as good as your system’s delivery of results. MANAGEMENT Grow Market Lead servatively growing brand that has 23 units open, 11 more under construction, and more than 90 sold. His strategy boils down to one successful unit at a time, and he says his franchisees are leading the sector with an average 19 percent EBITDA. He’s so dedicated to seeing his franchisees succeed that he recently created a new position: director of unit-level economics. It’s an innovative move that demonstrates his dedication to assisting his franchisees in reaching their maximum potential. “It’s really a game-changer and, I like to say, an epiphany for CEOs who realize you should really be investing in the thing you say is the most important part—the franchisee.” “I invested in the brand in 1999 and bought out the concept in 2001. In 2002 we rebranded, and in 2003 we sold our first franchise, which opened in 2004.” Describe your management style: I view myself as the coach of the team, empowering my assistant coaches (management team) with calling the plays from the brand’s playbook. As my team performs, I spend time balancing the need for directing the team and supporting their ideas… ultimately enhancing their development and the brand’s ability to serve our franchisees. What does your management team look like? I picked terrific people. As the brand began to grow, I looked for people who enhanced my ability to deliver the vision for East Coast Wings & Grill. They are extremely efficient, loyal, and understand what we do. How does your management team help you lead? The team understands the basis of our existence. It makes it easier in holding accountability and they in turn accept the liability of performance. Favorite management gurus: Do you read management books? I read quite a bit. I prefer business-style autobiographies, like Winning from Jack Welsh, and I enjoy authors like Patrick Lencioni. What makes you say, “Yes, now that’s why I do what I do!”? Every time a fran- chisee reports their P&Ls and they are in line with the brand’s metrics. I am a CEO of a franchise model. Seeing the model perform is our validation and inspiration to grow. Do you want to be liked or respected? Respected. PERSONAL Advice to CEO wannabes: Assure What time do you like to be at your Franchiseupdate I ssue I , 2013  7