Articles Tagged ‘Mentorship’

Current, Former Carmel Signarama Owners Both Come Out Ahead

Monday, November 17th, 2014

Carmel Signarama owner Jay Patel

Carmel Signarama owner Jay Patel


(Carmel, Indiana)—One of the most basic axioms of a successful business deal is that the smoothest transaction is the one which leaves all parties happy. Current Carmel Signarama owner Jay Patel and former owner Joel Hall can both tell you firsthand how true that statement really is. In March, 2014, Patel purchased then-owner Hall’s successful Signarama business where he has since worked to both maintain business continuity to keep existing customers happy, while also putting his own stamp on the business as he seeks continued growth.

From his side of the transaction, Joel Hall, the store’s previous owner, found the process to be just as painless. “I worked hard to build a solid business and increased the value of this location by 400%,” says Hall. “United Franchise Group, the parent company for Signarama, values the overall business ownership process as an exit strategy.”

That’s the purpose of Signarama’s Mentor Program, which Hall headed up for the world’s largest sign franchise. “We found that experienced business buyers value the mentor program. Franchisee peer support and transition planning comes from our group and the new franchisees benefit greatly from taking part in it during a resale such as ours,” Hall adds.

In fact, Hall enjoyed his part in the Signarama Mentor Program so much, it was one of the reasons he sold his business and says, “This is the Best Exit Strategy One Could Have.” He is now pursuing his passion of educating college students on entrepreneurship and owning a business or a franchise.

Former Signarama owner Joel Hall

Former Signarama owner Joel Hall

Patel is working to keep—and grow—upon Hall’s success. “First and foremost, I placed an emphasis on keeping the customers that have been coming here for years,” says Patel. “It was nice to own a business that had already proven to be successful.” No stranger to entrepreneurship, Patel has business acumen gained from over 18 years of successful ownership experience, beginning with a single dry cleaning company which expanded to five by the time he sold the operation, as well as experience as the owner of a non-emergency medical transportation business.

For his part as both a former owner and reseller, Hall shares his advice for the next-generation of franchisees. “There is an incredible amount of work that needs to be put in to running and growing a business. At some point the business will transition into new management or ownership and many owners worry about ‘what am I going to do?’ after the business sells. During my ‘journey’ I found out that I like to teach. So, after 14 years of building a successful business and then selling it, I now teach full time and love it. The hard work does pay off.”

ABOUT SIGNARAMA
Signarama, www.signarama.com, the world’s largest sign franchise, offers branding and messaging solutions in addition to comprehensive sign and graphic services to consumers and commercial customers – from business signs, vehicle wraps, and digital signs, to advertising and marketing services. Signarama is part of a successful system of business-to-business franchise brands and development services under the United Franchise Group. As part of the $49-billion-plus worldwide sign market, Signarama has been at the forefront of the sign industry for more than two decades. Approaching 900 locations worldwide, the company expects to have more than 1,200 locations worldwide by the end of 2016.

For additional information, contact:
Jason Sophian
Sanderson & Associates
jason@sandersonpr.com
312-829-4350

  • Twitter
  • LinkedIn
  • Digg
  • Technorati
  • Facebook
  • del.icio.us
  • StumbleUpon
  • Google Bookmarks
  • email
  • RSS
  • FriendFeed
advertisement

Working in a TEAM

Thursday, June 2nd, 2011

“Talent wins games, but teamwork and intelligence wins championships.” Michael Jordan

Every day, I teach organizations and individuals what it means to truly work in a team environment. I do this by facilitating strategic games, survivor themed activities, in-house team building events and ropes challenge courses, just to name a few. Athletes all over the world can attest to the advantages of teamwork – the advantage of having a cohesive team of people working toward a common goal. Peyton Manning can throw all the perfect passes in the world but unless there’s someone to catch the ball, it’s futile.

During a team building event the individual and collective “aha’s” and breakthroughs that happen are amazing. After spending a day on a challenge course with a team recently, I was reflecting on the development and changes in the participants and what “TEAM” means in team building. Here’s the acronym that I use to describe the word “TEAM”:

Transformation – The transformation that can occur through activity based experiential learning is tremendous. For example, when trust is given and received, rapport accelerates exponentially. The trust fall is a common activity used in team building. For some people, it’s no big deal. For others, it’s one of the scariest things in the world. However, allowing yourself to trust your team and the others around you has a way of transforming your attitude and your heart.

Engagement – There’s a quote by an unknown source that says, “Teamwork divides tasks and multiplies successes.” Or “Many hands make light work.” Both of these quotes reflect the effects of engagement and having an attitude of togetherness. For example, social media has been bringing people together all over the world as it’s use has become mainstream. It’s been a way for people to connect and have a voice. It’s no different in the workplace. Camaraderie is a beautiful thing.

Active Learning – There is an ancient proverb: “What I hear, I forget; what I see I remember; what I do I understand.” Active learning is learning by DOING. It is how we learn best. I run into participants of events…four, five, and six years after they have had a defining moment on a challenge course and they will say, “I STILL remember doing the commitment bridge and how powerful that was for me!” Experiential learning stays with us, and we can leverage that embodied learning to help us in other areas of our lives.

Mentorship – Teamwork provides mentoring. Sometimes you are the giver, sometimes the receiver. It is an honor and learning experience for both parties, in most cases. Ken Lauher, celebrity Feng Shui consultant recently wrote about mentorship in one of his blog posts, saying:

“The quantity and quality of mentors we have in our lives will greatly impact the wealth we can earn in our career. A working mother who knows she can find good child care will have better focus, leading to greater success at work. An intern with a supportive supervisor will advance quickly in his chosen career. A husband with a wife who encourages him in his business (or vice versa) will do well.”

Strong mentorship gives an edge that cannot be found alone. Period.

There is a delicate balance as we all sometimes have to retreat to “me” time. But while you’re standing in the present moment, among the team you’re with, envision the championships you win-as a team-in the future. Perhaps that will make you understand and appreciate your team in a way you never have.

What experiences have you had in working with your team?

Deseri Garcia
Vida Aventura
317-362-4898
www.vidaaventura.net

  • Twitter
  • LinkedIn
  • Digg
  • Technorati
  • Facebook
  • del.icio.us
  • StumbleUpon
  • Google Bookmarks
  • email
  • RSS
  • FriendFeed
advertisement