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Retailer of the Year - Crown Trophy of Lexington
However, they aren’t afraid to reach out to the
larger community, either. Lexington natives, they’re involved in
a host of community activities and have already been honored for their
work with Kentucky’s department of vocational rehabilitation.
“I don’t remember all the things we looked
at, but we didn’t look at any of them very seriously,” says
Gary Tyson. “Once we started looking at Crown, it just clicked.
We were excited about it because of Ryan’s background. We figured
with his experience it would help us hit the ground running.”
“What sets us apart is service,” Tyson says.
“We try not to forget that our goal is to satisfy our customers
by giving them what they want, when they want it, at a fair price. It’s
not our philosophy to always be the lowest price, but we give customers
good products and good service at a fair price.” Meeting customers’
needs has been a main driving force in the company’s evolution in
the six years since it opened for business. Ryan Tyson says that although
initially the emphasis was on awards and marketing that part of the business,
over time it became apparent that corporate customers had other needs.
Other areas the company sees as ones for possible expansion
include industrial engraving and small signage. “We’re already
doing a fair amount of work in the manufacturing sector with identification
plates,” says Gary Tyson. “As you do more of that work, you
learn more about it and you also learn where the customers are.”
Currently the company operates two laser engravers and a rotary engraver
and does plenty of sublimation, says Ryan Tyson. That combination probably
accounts for a large percent of all the work the shop does, he says. However,
high on the shop’s wish list is a sandblasting cabinet. “At
some point we’ll be doing that,” says Gary Tyson. “I
think we could do a better job of selling crystal if we had the ability
to decorate it in-house, although we have good suppliers who turn it around
really quickly for us.”
They also help youth organizations as they are able.
In 2001, they received one of 19 statewide Employer Recognition Awards
presented by Kentucky’s Department of Vocational Rehabilitation.
The family became aware of the program through a friend of Patti Tyson,
and decided to investigate. They receive approximately 140 hours of work
from each person enrolled in the program who’s sent to the shop.
Franchisee Achievements
Another great achievement is being named Rookie_of_the_Year. Selected from among stores which have opened in the previous year, honors go to the Crown Trophy center who has shown the most potential for great success. Store Owner's Perspectives Below are two interviews, published on Entrepreneur.com, in a question and answer format that clearly shows the successes of Crown Trophy store owners. Older and Wiser - An ex-corporate exec discusses the advantages of age and experience in buying a franchise. Ben April, 43, married and the father of two children when he left the real estate developer he worked for to open a Crown Trophy franchise in Ballwin, Missouri. Question: Why did you go into franchising rather than start your own business? Ben April: I just got tired of [the corporate life]. I had been traveling for the better part of 9 1/2 years, and I decided I wanted to get away from that and from the real estate environment [in general]. So my wife and I started to look for some type of business to open. I liked the idea of a franchise because I didn't want to start cold and have to develop my own concept. Q: What impact did starting the franchise have on your personal life? April: My children were really too young at the time to understand what was going on. My wife is my partner, so needless to say we were both pretty committed to the franchise. She knew I was unhappy with my previous situation and that I never wanted to be under someone else's thumb again. We looked forward to my not having to travel and the flexibility in work schedules that owning our own business would allow. Q: What fears did you have about leaving the security of your other job, losing health insurance, etc.? April: The previous situation was intolerable, and I didn't want to find another job working for someone else. We knew we had to do whatever it took to succeed. Failure was not an option. Q: What's it like being the boss? April: I've always been a self-starter. I don't need someone to tell me to get up and get going in the morning. With the real estate developer, I did well because no one had to micro-manage me. I was given a project to work on, and it was up to me to decide and act upon the necessary steps. The worst part [about starting the franchise] was not having anyone below me. Before, I had two administrative assistants to turn to; now, when a letter has to be typed, I have to do it. Q: Do you think starting this business would have been easier if you had been younger? April: While I certainly believe the energy, fearlessness and enthusiasm of the young can help them succeed in my industry, I also believe my life and work experience were quite helpful in my situation. In a business that requires you to wear many hats throughout the course of an average day, having already worn a good number of hats throughout my life is certainly a benefit. Q: If you could do it all over again, would you still go the franchise route? April:
There's no question that I would go the franchise route again. I don't
have to tell you how many pitfalls lie in the path of the start-up business.
Crown Trophy is a perfect fit. They give support when I need it, but they
don't prevent me from exercising my entrepreneurial spirit. Young Gun - This new kid on the franchise block says he's more "aggressive" than older franchisees. Brian Keesee, now 29, single and fresh out of the Air Force when he opened his Crown store in Waldorf, Maryland. Question: Why did you go into franchising rather than start your own business? Brian Keesee: It was just a matter of finding the right idea. I couldn't come up with a unique niche and wanted to get something going right away, so I started looking at franchises. I was looking for something a little less uncertain [than starting a business from scratch], yet unique-something that allowed me to be more creative with ideas. Q: What impact did starting the franchise have on your personal life? Keesee: What personal life? It became my personal life. My friends knew I was into it, and they would come by and try to give me some support, but basically the franchise became my personal life. When you put that many hours in, you really don't have a choice. It's not necessarily as bad as it seems on the outside, because, when you risk it all, when you put that much into something and you're getting it off the ground, that's all you think about 24/7. Hopefully you've picked a franchise that interests you, so it was exciting at the same time. But the business engulfs your life, so I considered it an advantage not to have a family pulling me away from it. Q: What sort of monetary/security issues did you have going in to this? Keesee: I guess some of the disadvantages I had, certainly I didn't have a lot of money. I had gotten my college out of the way, and I didn't have student loans because I went into the service, but my personal balance sheet was zero. In fact, it was probably negative because I still had some bills left on my credit cards that I had used to help me get through college. I didn't have any major debts, but at the same time, I didn't have any assets to use to start up the business. My biggest struggle was actually getting the funding. I spent about a month putting together a business plan and trying to get some gift loans from family members, temporary ones until I could stand on my own and refinance and pay them back. Q: What's it like being the boss? Keesee: I had a little bit of management experience. While I was waiting to go into the service, I actually worked at a McDonald's for a little less than a year as a manager. In the service, obviously, the first couple of years you have absolutely no supervisory [responsibilities]. You work for everybody else, and there are a lot of jerks out there. The whole time I was in the service, though, I was able to look and learn-learn what not to do as far as being a supervisor. Obviously, I learned a lot of lessons as far as what to do and what not to do as an employer. Employing people has been the biggest challenge so far in my business. The labor market, the way it is right now, doesn't help employers. It's [difficult] as an employer to find decent people and hang on to them. Q: Do you think starting this business would have been easier if you had been older? Keesee: I guess in a lot of respects it would. Recently, I've been trying to become friends with a lot of the other franchisees in the area. In fact, I'm good friends with an older franchise owner, who opened a franchise about the same time I did. When we get together and talk about business matters, he's doing well, too, but I realize the huge differences between the two of us. He's very conservative. He's seen rougher times than I have, so he's a little apprehensive to take on an extra employee or start a new marketing program and put the investment in because he's more leery about the economy. He has more knowledge, more experience, but he's also been burned a little more, which sometimes in business can make you a little slow to act, a little too conservative. I see that as one of my advantages-the fact that I'm a little more aggressive. I'm young, and I want to take over the world. I'm willing to risk a little more; obviously, since I'm single, there's a little less to risk. I don't know if you can attribute that strictly to my age or just to our personality differences, but I would tend to say it's more about age. He's a little more cynical because he's been around longer. Q: If you could do it all over again, would you still go the franchise route? Keesee: I'd have to say I would do it all again. The only exception would be if I could come up with that fresh idea, that certain niche to start up my own company. That's very hard to do-it was my goal, and I never did come up with that idea. I enjoy franchising. It's nice to be part of a team. You don't feel quite as if you're on your own. |
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