Fred DeLuca Quotes

Fred DeLuca
Fred DeLuca
American Businessman
Born: Oct 3, 1947
Died: Sep 14, 2015
Business First People Will Work You
Related authors: Bill Gates Henry Ford Jim Rohn Les Brown Peter Drucker Stephen Covey Steve Jobs Warren Buffett
Profit or perish... There are only two ways to make money: increase sales and decrease costs. Fred DeLuca
Money Profit Increase Ways Only Costs Make Perish Sales Decrease Two
When you're invested in your own business, you're going to run it better. When people are financially responsible for whether their store succeeds, they're going to have that kind of entrepreneurial spirit that's harder to get if headquarters is running things. Fred DeLuca
You Business People Better Own Kind Run Responsible Financially Running Spirit Entrepreneurial Entrepreneurial Spirit Invested Headquarters Get Going Store Whether Succeeds Your Harder Things
If you have company-owned stores, you make 100 percent of the profit from each one, but you have less entrepreneurial spirit. Fred DeLuca
You Profit Spirit Percent Entrepreneurial Entrepreneurial Spirit Make Stores Less Each Each One
There may be a perception that, with franchises, they're all the same, so that limits the ability to experiment. But that's not true. We've always kept two slots open on the menu of each Subway franchise - slots that franchisees can use to come up with their own sandwich ideas. Fred DeLuca
Perception Own Experiment Franchise Ability Menu Open True Come Ideas Always Limits Up Same May Subway Sandwich Use Each Kept Two
We find that no matter what country we're in, if we hit the right economic notes and appeal to the mass market, we're able to build the business very, very rapidly. Fred DeLuca
Business Matter Country Build Market Rapidly Find Able Economic Mass Mass Market Very Hit Notes Appeal Right
Everybody eats three times a day; it's only a question of where they choose to eat. The longer-term trends are people eat out more often. Fred DeLuca
Day People Three Everybody Trends Out Eat Eats More Only Question Times Often Where Choose
In the U.S. and Canada, we have one store for every 12,000 people. Fred DeLuca
People Every Canada Store
Because the stores worked, franchisees wanted to build more stores. If your model works, folks who are happy with it will buy out the ones who aren't happy. Fred DeLuca
Buy Happy Will Build Out Folks More Because Model Wanted Stores Worked Your Who Works
After 39 years of business, I'm still learning. I go through this every year -identifying new strategies that are extremely important. Fred DeLuca
Business Learning Important Year Every Extremely Through New Identifying Still Go Years After Strategies
From my point of view, what I really like, what I think is really terrific about my work, is that the company's had the opportunity to train literally thousands and thousands of brand new franchisees to successfully run their very first business. Fred DeLuca
Work Business Opportunity First Think Run Thousands About Point Point Of View Had New Like Terrific Very Brand Train Brand New Literally Really Successfully View Company
A couple times a year, I get in the car, and I'll drive 1,000 miles cross-country, going through side streets. I'll stay off the highways as much as possible. And I realize it's a huge country, and for us to be in so many places in the country is an amazing thing. Fred DeLuca
Amazing Car Drive Country Year Side Possible Stay Through Highways Couple Couple Times Amazing Thing Off Huge Times Get Going Places Realize Us Much Miles Many Thing Streets
The franchisees are uniquely in touch at the local level. They see what's going on in their communities in a way we couldn't ever imagine. Fred DeLuca
Local Local Level Way See Touch Going Communities Uniquely Ever Level Imagine
We're very much in the people business in that there are two important groups you have to work with: customers and employees. Fred DeLuca
Work You Business People Employees Important Very Customers Much Groups Two
I know a lot of people at some point in their business careers decide they'll just cash in and do something else, but for some reason, I've never had that feeling. Fred DeLuca
Business People Feeling Else Some Cash Something Something Else Point Never Had Know Lot Just Decide Reason Careers
I went to school because I was supposed to. I did pre-med because my mum thought it was a good idea. Fred DeLuca
Good School Thought Idea Supposed Because Did Mum Good Idea
For a franchise system to work well, you really need people with an entrepreneurial mind-set because, while you have a large, overarching system that everybody has to work with, a lot of local issues have to be handled. Fred DeLuca
Work You People Everybody Mind-Set Local Franchise System Entrepreneurial Well Because Issues Lot Handled While Really Large Need
You have to realize that the customer really is king. People who go into more established businesses probably have to be careful not to be casual about that. When you have a brand-new business, and nobody knows who you are, you know you have to work really hard for your customers. Fred DeLuca
Work You Business People King Be Careful About More Casual Nobody Know Knows Go Established Customer Customers Realize Really Your Hard Who Businesses Careful
By and large, we're a bread-eating culture. People like sandwiches. We don't really over-think that one. Fred DeLuca
Culture People Like Sandwiches Really Large
I was 17 years old when I built the first store... A very simple, basic store with a basic counter - not very much equipment, all purchased second-hand. And the menu was very simple. Fred DeLuca
Simple Old First Second-Hand Purchased Menu Counter Built Equipment Years Very Store Much Basic
We have salads, some other beverages. But in reality, it's still fundamentally the same business. The most likely thing the next person will buy is a sandwich and a soft drink. After a half-century of glacial change, we're still pretty much the same business. Fred DeLuca
Buy Business Change Reality Will Other Some Pretty Drink Most Likely Still Salads Person Same After Sandwich Much Next Thing Fundamentally Soft
I don't think I ever dreamt of going into business. No one in my family was in business. Fred DeLuca
Family Business Think Dreamt No-One Going Ever
I was able to solve enough big problems along the way that the sheriff didn't come along and put the 'bankruptcy' sign up. Fred DeLuca
Problems Big Enough Way Sign Solve Able Put Along Come Sheriff Up Big Problems Bankruptcy
You start a business, and you really don't have much of a budget. Fred DeLuca
You Business Budget Much Really Start
I made the first sandwich before entering college. Fred DeLuca
Made College First Before Entering Sandwich
To a large extent, we're working hard to fulfill the consumer demand for Subway sandwiches. Fred DeLuca
Consumer Demand Subway Sandwiches Fulfill Working Working Hard Hard Large Extent
Subway is a real point of pride. We have influenced the way people eat. Fred DeLuca
People Pride Way Eat Point Real Influenced Subway
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