Biography:
Tom Monaghan was born March 25, 1937 in Ann Arbor, Michigan. His father's death four years later, the boy doomed to spend his childhood in orphanages and children's educational buildings. Before school, he lived in different families. One of them was a very strict German family.
As a child, Tom Monaghan imagined the great leaders, which found out after spending many hours in the library. He grew up a lonely child, and therefore spent much time with books. When Tom was in the sixth grade, his mother took his younger brother home, and Tom Monaghan stayed in school closed.
In 1956, Tom Monaghan was drafted into the Marine Corps, where, no doubt, was a good school. He thought that would serve as ground forces, and was in the Marine Corps. Tom served in the East, and many dream of great accomplishments, I read Dale Carnegie, Frank Lloyd Wright, PT Barnum and other biographies of famous and successful people (those addicted to youth Turner, Lear, Smith and Jones). The Marine Corps has trained him discipline and perseverance - two key features that have helped him succeed. Tom Monagam was convinced that these qualities must Marine Corps.
Business Story:
Besides Monagenu was twenty-three in 1960, when together with his brother, he bought "Dominique" in Ypsilanti, Michigan, took a loan of 900 dollars. To convince his brother to do it all, he could only promise to give him a year to use a Volkswagen "Beetle". In 1965, he renamed his company to "Domino" and opened three stores near schools. At that time, he had to endure two major battles with competitors that nearly led to the collapse. This gave him resistance to the pressure of adversity. The threat of bankruptcy loomed before him, and in 1966, when one of the partners has gone bankrupt and dishonest left Tom a lot of checks. Eleven o'clock Tom Monagam trying to cope with the situation until it was a man who vouched for him.
The first franchise store opened Monagam Tom in April 1967. A catastrophic fire in 1968 almost completely destroyed the shop and started a period of crisis that followed one after another. Less strong person would surely attempt. Tom Monagam in 1969 and started all over again, getting credit, expanded its network to 32 stores that were only the first step in his intended multilevel franchise program. The expansion of the company did not make him bankrupt. Tom Monagam was almost penniless and withstood more than a century of litigation with creditors in 1500, lent him 1.5 million dollars. Monagam never lost his sense of humor and his comments on the situation: "I became a millionaire inside out." This stage he called "the period of disasters." The reasons for their failures Tom Monagam seen in the lack of management experience and a network of franchised stores.
Administration, financing, budgeting, and organizational work were his weaknesses and by the end of the eighteenth month of Tom Monagam was with a debt of 1.5 million dollars. These mistakes actually cost him control of the "Domino". May 1, 1970 the bank that financed the "Domino", took control of the company, Tom was president, but did not have the authority. He was not removed at all, because it was the only person willing to work fifteen hours a day, seven days a week in exchange for $ 200. a week. In addition, the company has not been technically finalized and would not have any other leader wished for her to answer.
March 22, 1971 the bank decided that the "Domino" no future, which meant that the company will be subject to bankruptcy proceedings. Besides Monagenu offered to return his share in the capital of the company in exchange for ownership of shops "Domino." But he did an extremely decent, pledging to repay all debts to creditors, no matter how long it takes. Tom Monaghan found the right output: collect all the checks and depreciate them over several years, paying 2 percent per month on checks over $ 1000 face value. and 4 percent on checks, rated up to $ 1,000. He carefully check each pay each creditor. This lasted until September 10, 1977, after nine years, he has paid the last creditor. We must pay tribute to the ethical principles of Tom Monagam.
In 1975, Amstar "Domino Sugar" (Domino Sugar) opened a case, laying claim to the trademark "Domino" and won. And again, "Domino's Pizza" expect compromised future. Monagam but Tom was a true fighter. He appealed, and on April 10, 1980, after five years of fighting, the Federal Court overturned the original decision. This event marks the beginning of the ascent "Domino" in the market of pizza.
Tom Monaghan believes that he has achieved success through entrepreneurial spirit and idealism. In many ways he helped faith (he attended daily Mass), and the Golden Rule. Magazine "People" found his commitment to regular physical training strangeness. Tom Monaghan very surprised such a conclusion. He said that he has resorted to training in order to organize their lives. This statement reveals to us the inner world of moving relentlessly forward man who, following a healthy lifestyle during the week and on weekends ask themselves huge exercise. The program, in which Tom Monaghan trained, as it strives to achieve in all heights. Tom Monagam developed a program that seamlessly combine both the load on all the muscle groups and pursue her
Six days a week I spent forty-five minutes doing exercises on the floor, including 150 consecutive push-ups, and then runs over six and one-third of a mile. Twice a week I end up jogging in the sports center of our new office, "Domino's Farms" and do it in an hour. In addition, I use the machine (Nautilus) - weight and increase the weight of the run, including a car at a speed which can bear. A coach helps me to work out each muscle group to exhaustion. (Monagam, 1986)
This is no ordinary walk in the park that are doing other leaders. He explained his obsession with the words: "I do not like mediocrity." And this is confirmed by their attitude to sport and daily work. Working in the "Pizza Tiger," he identified himself three weekends of the year - Thanksgiving, Christmas and Easter - and followed it for twenty years. The first ten years, he worked seven days a week from 10:00 am until 4:00 the next morning. Tom Monagam do it for 125 dollars. a week and a dream. By 1970, he raised his salary to $ 200. a week.
Conclusion:
Tom Monaghan - a fine example for anyone who is trying to establish a new business or transfer foreign experience on the national stage. In its response to the author's letter, he wrote that "the creative ability to bring up a huge shock."
Every person is creative. And so you need to express themselves in the actions and thoughts. I think that the lack of formal education has been one of the key factors in the creation of "Domino's Pizza" and in the process of introducing many innovations that have become key tools in the production of the pizza.
Tom Monaghan was born March 25, 1937 in Ann Arbor, Michigan. His father's death four years later, the boy doomed to spend his childhood in orphanages and children's educational buildings. Before school, he lived in different families. One of them was a very strict German family.
As a child, Tom Monaghan imagined the great leaders, which found out after spending many hours in the library. He grew up a lonely child, and therefore spent much time with books. When Tom was in the sixth grade, his mother took his younger brother home, and Tom Monaghan stayed in school closed.
In 1956, Tom Monaghan was drafted into the Marine Corps, where, no doubt, was a good school. He thought that would serve as ground forces, and was in the Marine Corps. Tom served in the East, and many dream of great accomplishments, I read Dale Carnegie, Frank Lloyd Wright, PT Barnum and other biographies of famous and successful people (those addicted to youth Turner, Lear, Smith and Jones). The Marine Corps has trained him discipline and perseverance - two key features that have helped him succeed. Tom Monagam was convinced that these qualities must Marine Corps.
Business Story:
Besides Monagenu was twenty-three in 1960, when together with his brother, he bought "Dominique" in Ypsilanti, Michigan, took a loan of 900 dollars. To convince his brother to do it all, he could only promise to give him a year to use a Volkswagen "Beetle". In 1965, he renamed his company to "Domino" and opened three stores near schools. At that time, he had to endure two major battles with competitors that nearly led to the collapse. This gave him resistance to the pressure of adversity. The threat of bankruptcy loomed before him, and in 1966, when one of the partners has gone bankrupt and dishonest left Tom a lot of checks. Eleven o'clock Tom Monagam trying to cope with the situation until it was a man who vouched for him.
The first franchise store opened Monagam Tom in April 1967. A catastrophic fire in 1968 almost completely destroyed the shop and started a period of crisis that followed one after another. Less strong person would surely attempt. Tom Monagam in 1969 and started all over again, getting credit, expanded its network to 32 stores that were only the first step in his intended multilevel franchise program. The expansion of the company did not make him bankrupt. Tom Monagam was almost penniless and withstood more than a century of litigation with creditors in 1500, lent him 1.5 million dollars. Monagam never lost his sense of humor and his comments on the situation: "I became a millionaire inside out." This stage he called "the period of disasters." The reasons for their failures Tom Monagam seen in the lack of management experience and a network of franchised stores.
Administration, financing, budgeting, and organizational work were his weaknesses and by the end of the eighteenth month of Tom Monagam was with a debt of 1.5 million dollars. These mistakes actually cost him control of the "Domino". May 1, 1970 the bank that financed the "Domino", took control of the company, Tom was president, but did not have the authority. He was not removed at all, because it was the only person willing to work fifteen hours a day, seven days a week in exchange for $ 200. a week. In addition, the company has not been technically finalized and would not have any other leader wished for her to answer.
March 22, 1971 the bank decided that the "Domino" no future, which meant that the company will be subject to bankruptcy proceedings. Besides Monagenu offered to return his share in the capital of the company in exchange for ownership of shops "Domino." But he did an extremely decent, pledging to repay all debts to creditors, no matter how long it takes. Tom Monaghan found the right output: collect all the checks and depreciate them over several years, paying 2 percent per month on checks over $ 1000 face value. and 4 percent on checks, rated up to $ 1,000. He carefully check each pay each creditor. This lasted until September 10, 1977, after nine years, he has paid the last creditor. We must pay tribute to the ethical principles of Tom Monagam.
In 1975, Amstar "Domino Sugar" (Domino Sugar) opened a case, laying claim to the trademark "Domino" and won. And again, "Domino's Pizza" expect compromised future. Monagam but Tom was a true fighter. He appealed, and on April 10, 1980, after five years of fighting, the Federal Court overturned the original decision. This event marks the beginning of the ascent "Domino" in the market of pizza.
Tom Monaghan believes that he has achieved success through entrepreneurial spirit and idealism. In many ways he helped faith (he attended daily Mass), and the Golden Rule. Magazine "People" found his commitment to regular physical training strangeness. Tom Monaghan very surprised such a conclusion. He said that he has resorted to training in order to organize their lives. This statement reveals to us the inner world of moving relentlessly forward man who, following a healthy lifestyle during the week and on weekends ask themselves huge exercise. The program, in which Tom Monaghan trained, as it strives to achieve in all heights. Tom Monagam developed a program that seamlessly combine both the load on all the muscle groups and pursue her
Six days a week I spent forty-five minutes doing exercises on the floor, including 150 consecutive push-ups, and then runs over six and one-third of a mile. Twice a week I end up jogging in the sports center of our new office, "Domino's Farms" and do it in an hour. In addition, I use the machine (Nautilus) - weight and increase the weight of the run, including a car at a speed which can bear. A coach helps me to work out each muscle group to exhaustion. (Monagam, 1986)
This is no ordinary walk in the park that are doing other leaders. He explained his obsession with the words: "I do not like mediocrity." And this is confirmed by their attitude to sport and daily work. Working in the "Pizza Tiger," he identified himself three weekends of the year - Thanksgiving, Christmas and Easter - and followed it for twenty years. The first ten years, he worked seven days a week from 10:00 am until 4:00 the next morning. Tom Monagam do it for 125 dollars. a week and a dream. By 1970, he raised his salary to $ 200. a week.
Conclusion:
Tom Monaghan - a fine example for anyone who is trying to establish a new business or transfer foreign experience on the national stage. In its response to the author's letter, he wrote that "the creative ability to bring up a huge shock."
Every person is creative. And so you need to express themselves in the actions and thoughts. I think that the lack of formal education has been one of the key factors in the creation of "Domino's Pizza" and in the process of introducing many innovations that have become key tools in the production of the pizza.
He is not Italian, but he created one of the best pizza brand in the world
ОтветитьУдалитьI didn't know that domino is american brand thanks for information
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