Franchisees:The Next Generation
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Small business has been called the backbone of the American economy, and as the fastest growing segment in business, it is indeed vital to economic stability. Many franchisees have taken over their business from a parent, who worked hard to build that business and, in so doing, build a life for their families. For these franchisees, who eat, sleep and breathe their livelihoods, success is measured not only in revenues, but in honoring the dream built by their parents, and passing that dream along to their children. At AAMCO, franchisees are encouraged to keep their businesses personal. Fifty-three AAMCO centers are operated by second-generation dealers, and the company has established the AAMCO Transmissions' Second Generation School, a training program for the sons, daughters, husbands and wives of current AAMCO dealers, who plan to take over the family franchise. The school awards "life experience credits" to attendees for the time they have already spent in on-the-job training. Students already know the basics of running an AAMCO center, so the course concentrates on advanced practical management training, strategic growth tactics, and building wealth. More than 20 franchisees have completed the program. Among them is Mary Dunn, daughter of longtime AAMCO dealer Jack May. Notably, Dunn and other women like her are the majority at the AAMCO school. In an industry dominated by men, four-out-of-seven attendees of the most recent course were women.
From age 12, Dunn worked for her father in some way, either answering phones, filing or in sales, and she was hooked right from the beginning. What hooked her? "The money," she laughs. After watching her father become successful, and then her four older brothers, all of whom operate AAMCO centers, Dunn knew this was the career for her.
Sourc:aamcotransmissions |
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