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After retiring to Hawaii at 40, Michael Phillips started a fish restaurant and then brought in his daughter and son-in-law to franchise it. The family motto is one reason it works: Mistakes are ‘tabled forever,' once rectified.
9Round's founder eliminated the ‘getting hit part' of kickboxing in order to attract more women to the 30-minute circuit workout that can burn as many as 500 calories. ‘Get fit, never hit' is the mantra.
When her oldest daughter Erin Casey Wolf's bridesmaids were treated like “second-class citizens” at a bridal boutique, Kathleen Casey told her daughter they should open a Bella Bridesmaids franchise. Casey had seen an ad for the franchise in a fashion magazine at a time when both mother and daughter were seeking small-business opportunities. Casey Wolf just happened to be traveling to San Francisco where the flagship store was located and on Mother's Day, she presented her mother with a framed picture of the store and an invitation to be business partners.
Flynn Restaurant Group landed this year's Franchise Times Deal of the Year when CEO Greg Flynn, above left, bypassed the middleman and attracted the Ontario Teachers Pension Fund as an investor. Heidi Ganahl of Camp Bow Wow, middle, and Chuck Runyon of Anytime Fitness, right, landed big deals of their own, along with seven more savvy operators. What lessons can they share about the art of the deal? Read on.
When Dave Prokupek, above left, joined Smashburger, it had zero stores. When he left it had 275. Can he apply his golden touch to Jackson Hewitt, where he's CEO?