Franchise Update Magazine Issue II, 2011 | Page 15

CEO profile: How do you make tough decisions? I try not to react, but instead to respond to situations, giving thought to all possible outcomes. Because our organization functions under a “no surprise” rule of full disclosure, it allows me to digest challenges as they arise. Do you want to be liked or respected? Both… but who doesn’t? Advice to CEO wannabes: Surround yourself with ment ors, remain tenacious, and never be afraid to ask for what you want. Set new personal and business goals every year that stretch you and enable the business to grow. Find a peer group to be a sounding board and offer encouragement. Management Management style? Hire right. Share and reinforce the vision clearly. Empower. What does your management team look like? My senior leadership team is composed of seven individuals representing the operational facets of our organization. They understand my vision for the future and are strong, unified, and committed to our franchisees and staff in a way that continues to inspire me. How does your management team help you lead? They work diligently to achieve our organizational goals and are adept at taking the ball and running with it. Knowing that I have the right people in the right seats on the bus allows me to drive without pulling over to adjust seatbelts. Favorite management gurus, books? My favorite books include Good to Great by Jim Collins, The Breakthrough Company by Keith McFarland, Making Ideas Happen by Scott Belsky, and The Ultimate Question by Fred Reichheld. What makes you say, “Yes, now that’s why I do what I do!” One example is our annual Caregiver of the Year program. The stories our clients submit bring “Hire right. Share and reinforce the vision clearly. Empower.” me to tears, because each is a personal account of how a BrightStar caregiver went above and beyond to make a difference in the life of somebody’s loved one. We fly six regional finalists to our Annual Franchisee Conference, where they are recognized in front of our franchise family. Each finalist receives $500, and one is awarded a $5,000 BrightStar Care Scholarship. Knowing that our caregivers are having such a positive impact on their clients and that we can make such an impact on the caregivers’ lives makes me proud to do what I do. Personal What time do you like to be at your desk? I like to see my boys off to school, but I strive to be there by 7:30 or 8 a.m. Exercise in the morning? Wine with lunch? My husband and I work out three mornings per week before heading into the office. We’re on a high-protein, lowcarbohydrate diet, so no wine at lunch. However, I try to reward myself with a glass in the evening now and then. Socialize with your team after work/ outside the office? I like to celebrate company milestones with my senior leadership staff. For major accomplishments, I treat them to a weekend with our families. Last two books read: Scott Klososky’s Velocity Manifesto and Ram Charan’s Boards that Deliver. What technology do you take on the road? I always take my Sony Vaio lap- top, my iPad, and my iPhone. How do you relax, balance life and work? It’s a challenge, especially because I’m wired to work and am pretty driven. Favorite vacation destination(s): We love traveling as a family. It’s our rejuvenation time after working so hard. We love traveling to Turks and Caicos and had a wonderful time taking a cruise last year. Favorite occasions to send employees notes: I like to personally sign an- niversary cards for all of my employees. Bottom Line What are your long-term goals for BrightStar? We will launch a total of eight franchise brands, a technology company, and a franchise consulting company. We’re going to launch our second franchise brand within the next 12 months, and then add one new franchise brand approximately every 18 months through 2019. We’ll launch our technology company to take on third-party clients in 2012, and our franchise consulting company in late 2011. We are building toward a system-wide revenue potential of $2 billion by 2014, and $4 billion to $6 billion by 2019, with 12 to 20 percent year-over-year growth through 2030. How has the economy changed your goals? The downturn in the economy pushed us to institute new programs to accelerate sales results for our franchisees, enable access to capital for our franchisees, and drive accountability at the corporate level to support franchisee unit economics. Last, we knew we needed our franchisees focused on the mission and not worried about job security, so we made a decision not to lay off any employees, regardless of economic pressures. Instead we increased healthcare benefits and added an accountability program with a short-term bonus opportunity tied to corporate, departmental, and individual results. Where can capital be found these days? In July 2010, BrightStar became Franchiseupdate I ssue I I , 2011  13