Multi-Unit Franchisee Magazine Issue II, 2013 | Page 32

M U L T I - B R A N D By Debbie Selinsky No Turning Back Former ski coach races to top-earning status in franchising W hen Jim Fitlow skis, he goes at it full tilt. In fact, one of his favorite quips is, “Turning is highly overrated.” Now the former ski racing coach and his partner Mike Allen are applying that same “go big or go home” philosophy as multi-brand, multi-unit franchisees for Re-Bath, Floor Coverings International, and HomeStory Doors & More, all in Utah and Colorado. Fitlow, born in Florida, was raised in Michigan where the ski bug bit him at a young age. He met Allen later, in college at Montana State University. When Fitlow got out of ski race coaching—“I enjoyed it and had some success with that for a few years,” he says—he began PERSONAL First job: After college, I was a ski racing coach. Formative influences/events: When I was done with coaching, I knew I liked the area and needed to do something else. My family had always had small businesses going on, so I was influenced by their entrepreneurial spirit. Key accomplishments: Getting married and having kids. From a business perspective, it was big when we moved beyond the DIY business to building a company. We’re still small, but we’re not a mom-and-pop operation. Biggest mistake: Our biggest mistake was probably growing too fast without a well-established infrastructure. Smartest mistake: Starting the business. Decision I wish I could do over: I wish I’d focused on cash reserves during our growth phases instead of assuming the run would always be there. Work week: My role has changed since my partner Mike and I have team members who have been with us long enough to handle their work without constant oversight. So I guess I’ve moved from a 24/7 work week to a “whatever’s needed” work week. I’m also working at home three days a week and working in the office two days. How do you spend a typical day? I don’t deal with fires much anymore. My typical day is a lot on the strategy side, working with franchisors. I’m on some committees and boards so I spend time on that. Then I’m looking at marketing, accounting, and reviewing reports, looking for ways to tweak things for the better. 30 Multi-Unit Franchisee Is s ue II, 2013 Favorite fun activities: Skiing, mountain biking, camping, hockey. Exercise/workout: I started cross-fit a year ago. Favorite tech toys: I don’t like any of them—I’m on them too much. What are you reading? I’m usually looking at a business book or magazine. The problem with the digital age is that we spend so much time reading all day, the last thing I want to do at night is stare at a screen or book. Do you have a favorite quote? Turning is overrated (yes, that’s a skiing reference). Best advice you ever got: Say “Yes, dear.” What gets you out of bed in the morning? The challenge. What’s your passion in business? At this point, it’s to make a lot of money. We want to be the highest income Re-Bath franchise in the country ins FVB