Like many young people, Dawn Lafreeda started her working life at age 16. Her first job was as a hostess at a local Denny’s restaurant.
But this determined woman’s life quickly took a turn that would be instrumental in defining her success: “During college, she took on a second job at a software company, where she learned about accounting and managing personnel.” At 23, she was able to leverage her skills and burning desire to succeed to acquire a Denny’s store in Globe, Arizona. (It’s 87 miles east of Phoenix, in case you’d like to look it up).
18 months later, she was offered 4 more stores in Texas. Now, “Lafreeda has increased her empire to 75 Denny’s locations in six states, becoming the largest single-owner franchisee in the system.”
Here’s another great franchise-building story, about NBA star Jamal Mashburn.
~ This story is posted by Norris Lozano, CEO of BusinessUS.
~Norris Lozano, CEO of BusinessUS, a California-based small business lender
This brief article reinforces several we’ve read recently about a stealth “target small business owner” – the Boomer Entrepreneur.
“A study by the Ewing Marion Kauffman Foundation reported that the highest rate of entrepreneurial activity over the last few years is not Gen-Y upstarts, but Baby Boomers in the 55-64 year age group.
Here’s a link to the study
~Norris Lozano, CEO of BuisnessUS, a national small business lender missioned to provide Innovative Lending to American Small Business