Mike Treadwells first entrepreneurial ventures involved opening a fish and chips restaurant, followed by a...
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Mike Treadwells first entrepreneurial ventures involved opening a fish and chips restaurant, followed by a chicken and fish restaurant. Although he was making money, he questioned his own business competence and decided he needed to learn more by working for others. He took a job as a KFC restaurant manager, eventually becoming a training leader for KFC Corp. in Dallas, Texas. KFC gave him a chance to join one of their multi-unit franchise owners, who retired a short time later, selling his units to Treadwell.
This arrangement resulted in Treadwell being the owner of about three dozen restaurants. By 2015, Treadwell Enterprises owned not only KFC franchises, but also Taco Bell, Long John Silvers, Ruby Tuesday, and HuHot Mongolian Grill. Treadwell was operating 109 units in 10 states.
Question 1) What risks do you think you would face if you were a successful manager in a large organization who suddenly had an offer to go into business for yourself?
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