Since he spent so much time there, he eventually got to know the owner, who shared his business success story with Sieve. That’s when Sieve decided to move to St. Louis and open his own Mr. Goodcents franchise.
But that was just a start for Sieve, who ended up expanding into several different restaurant franchises, including La Salsa and Domino’s Pizza.
What’s he doing today? Oh, not much, just working as the vice president of franchise development at Arby’s, which itself has over 3,200 locations around the country.
Franchising is an American invention. It first became popular at Ray Kroc’s McDonalds. It’s a unique business model which splits profits and shares operational control between two owners: the franchisee and franchisor.
Of course, no entrepreneur sets out on a new venture without making some mistakes, and Sieve says he made a few costly ones, the chief of which being a cash flow problem.
Although he says there were threadbare years in the beginning, he eventually got his sea legs, which resulted in where he is today. He would eventually become profitable and expand in a way he never thought possible.