Franchising is a popular business model that allows chains to open more locations at speed and with fewer cost implications. Many of our well-known companies including McDonalds, Dunkin Donuts and Burger King operate on the franchise model, ensuring rapid expansion and market domination across both the US and the globe.
Your first franchise was a success and now it is time to open a new one. Business expansions are an exciting challenge, and for many franchise owners, growing their business is a risk worth taking.
Sylvan's chief technology officer Monica Nicolau recently sat down with The Huffington Post for a profile meant to highlight women in business.
Nicolau started with Sylvan in 2011 as a senior director, then moved into the role of vice president of software development for SylvanSync. She became the chief technology officer in June of 2015.
The first three questions of the interview are below. To read the remainder of the Q&A – including questions about Nicolau's advice for women in the technology industry, maintaining a good work/life balance, and other admirable female leaders – you can find the originally post on The Huffington Post here.
Sylvan Learning recently unveiled a new license agreement which aims to attract new franchisees and retain existing ones.
The Sylvan Learning Centers of Twinsburg, Fairlawn and Strongsville are now under the ownership of Mital Rathod of Olmsted Township, Ohio.
For Sylvan franchisee Kent Kolbow, hearing the successes of his approximately 800 students is the highlight of his day.
The Malone family of Michigan was recently recognized as the franchisee with the highest revenue across the entire Sylvan Learning system.
Robert Malone purchased the original center in Grand Rapids in 1985, and since then, the whole family has become involved. Malone's daughters, Molly Ebers and Hillary Malone Tilton, and Malone Tilton's husband, Sean Tilton, have taken over the running of the business.
“My sister and I, we grew up with the business,” Ebers said. “And now, we’re all part of the next generation bringing a different skillset to our upper management structure, and I think that allows us to be successful.”
The Malones first have been a part of the Sylvan system for more than 30 of the company's nearly 40-year history, and the family now owns 14 locations across the Minneapolis and West Michigan area.
“(The Malones) are definitely representative of a family franchise that’s unique in terms of how much skin they have in the game,” Sylvan vice president of operations, Susan Valverde, said. “And they’re unique because Sylvan is more than a business, it’s a legacy and they impact so much in terms of living the brand values and how they execute the Sylvan Learning business plan.”
Owning a franchise takes skill, patience and determination. But what happens when you want to own more than one?
Congratulations to Mital Rathod, Olmsted Township on her acquisition of the Sylvan Learning Darrow Road facility! Rathod has also acquired the Fairlawn and Strongsville locations as part of a multi-unit ownership deal.