Five Guys Burger and Fries Restaurant Five Guys Burgers and Fries restaurant started as a 1 restaurant operation located in Arlington Virginia. As an alternative to college Jerry Murrell decided he would build a family business that his sons would help run. He then told his two older sons if they opted not to go to college he would use their college money and put it towards a business and they would stay behind to build and help run the business. His sons agreed. The two younger sons also
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April 2013 The first Five Guys restaurant opened in 1986 in Arlington Virginia founded by Janie and Jerry Murrell The name Five Guys was inspired by Murrell’s five son’s Matt, Jim, Chad, Ben, and Tyler which are currently involved in the business. Matt and Jim travel visiting over 1000 locations, Chad oversees the training of new employees, Ben is in charge of selecting the rapid growing franchisees, and Tyler is in charge of running the bakery department. Most Five Guys restaurants have a simple
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Assignment 1-Entrepreneurial Leadership Five Guys is a hamburger restaurant that was founded by Jerry and Janie Murrell in 1986, in Arlington, VA, as a result of two of their five sons declaring they were not attending college. With their college savings fund Five Guys was born. From 1986-2002 a total of 6 locations were operating in Northern Virginia. Due to their enormous success the company began franchising in 2002. According to the text, as of August 2010 there were more than 670 locations
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Steed BUS 508 Contemporary Business October 26, 2013 Determine how Five Guys philosophy sets it apart from other fast-food chains. In 1986 Five Guys started out as a little family burger operation with five locations and a steady following in Northern VA. Today, there are 570 stores across the U.S. and Canada with sales of $483 million. All Family members remain actively involved, in spite of company growth. One reason that Five Guys are different from any fast-food chain is because they have a philosophy
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marketing to their success. Opening a restaurant is a challenging prospect even in good times, and many ventures fall by the wayside. Owning and operating a restaurant is one of the most challenging endeavors an entrepreneur can take on. According to Schrader (2004), foodservice success stories abound, but the launch of any restaurant is risky. Most important, however, the restaurant entrepreneur must be able to form a winning team and find partners with similar goals. Five Guys is a restaurant chain
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Wilkerson Contemporary Business October 21, 2013 Five Guys’ Burgers and Fries: A Simple Recipe for Success 1. Determine how Five Guys’ philosophy sets it apart from other fast-food chains. Five Guys’ philosophy for success has always been about serving and satisfying the consumer wants and needs. I am sure other fast-food chains thought process about satisfying their consumers are as well with good intentions also, however, Five Guys deliver the product to order. The quality of their food
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Five Guys has the Right Combination for Success Strayer University BUS508 Dr. Peter DeDominici August 14, 2012 Five Guys has the Right Combination for Success According to the Five Guys website, Five Guys Burger and Fries (Five Guys) started humbly with one restaurant owned by Jerry Murrell and his family back in 1986 and is now being called one of the largest fast food businesses with over 1,000 locations in the United States and Canada today (www.fiveguys-about Us). Five Guys’ successful
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Five Guys is a concept tha has never looked better to this struggling business economy and the fight for financial freedomis a tough rat race all the way to the end. Not for Five Guys, a company that sets the bar for the unthinkable by remaining true to their brand. A modest burger and frie joint that started in Arlington, Va was birth by Jerry Murrell who his lane, “We are in the business of selling burgers” – stated Jerry Murrell as one of the mission statements for his company; Five Guys Burger
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Entrepreneurial Leadership What once began as a little family burger business in Northern Virginia in 1986 by Jerry and Janie Murrell and their and their five sons has grown into one of the world’s popular franchises. The decision to start the business was based on the ultimatum given to the four sons by their parents ‘start a business or go to college.” Their growth since opening has grown tremendously to where the family never expected it to grow, between the year they opened and 2002 which
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An Analysis of Entrepreneurial Leadership on Five Guys burgers and Fries. Assignment 1 By: STUDENT NAME: Rodino Wright TO: Dr. Evangeline Jefferson Professor: COURSE NAME: BUS 508: Contemporary Business STRAYER UNIVERSITY WASHINGTON, DC October, 2012 Introduction The purpose of this project is to examine Entrepreneurial Leadership at Five Guys burgers and fries. According to Boones and Kurtz (2012), business can be defined as all profit-seeking activities and enterprises
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