Business Lessons from Five Guys Burgers and Fries
They’ve been featured in many of the major national media outlets including Forbes and Inc. magazines. A Family Business magazine feature calls them one of the restaurant industry’s largest family-owned businesses with some 1,000 restaurants and 2012 sales of $1 billion plus. You’ve seen the growth they’ve had here in Connecticut. So I thought you and I could certainly learn from Five Guys Burgers and Fries.Imagine: Their success began just 27 years ago with a single location in Arlington, VA. When two of Jerry Murrell’s sons chose not to go to college Jerry told them he’d use their college education fund to open a hamburger shop that the two boys would run. Today the “five guys” that lead the chain are the five Murrell brothers, Matt, Jim, Chad, Ben, and Tyler. Jerry still serves as CEO and his wife (mother of the two youngest boys) Janie is the company secretary and treasurer. Now that’s family togetherness and family success. Here’s one major lesson I learned from reading about Five Guys.
Read the rest of part one of this article on my blog.
Gene Offredi, CFP, RFC, Summit Investor Coach LLC, Guilford. Call 203.453.1017. Or visit http://www.summitinvestorcoach.com/" my website or http://www.summitinvestorcoach.com/blog/" blog.
