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This is a
marathon, not a sprint. I look for people with integrity that
are truly passionate about taking care of customers.
Cort Hill, one of ColorTyme's newest franchisees, on hiring
managers.
ColorTyme Franchisees were treated to a
"Pre-show" Sunday, getting a glimpse of tomorrow's tradeshow
specials at the company's Winter Operations Meeting in Dallas,
Texas. 36 vendors are displaying their latest models at the
tradeshow. The official ColorTyme Tradeshow opens Monday
afternoon.
See photo gallery of all events to date (152 pics).
Podcast Interviews: RTO Renaissance Men
The Cort Hill podcast should start
automatically. to stop or pause, use the control. Click the word
PLAY next to each name to listen to today's podcasts.
Cort Hill
This is ColorTyme Franchisee Cort Hill's first convention as an
owner after successfully opening his first store in Elkton,
Maryland just 8 weeks ago. Hill has invested 18 years in the
Rent to Own industry gaining valuable experience from major
players including Aaron Rents, Cort Furniture Rental,
Rent-a-Center and ColorTyme. According to Hill, the ColorTyme
system allows him the freedom to put his experience to work,
blending the best tactics from each model and combining them to
create his own personal style.
Finding the right location was Hill's first battle. Real estate
is at a premium in Maryland. The second was building a staff.
Cort said, "This is a marathon, not a sprint. I look for people
with integrity that are truly passionate about taking care of
customers."
If the podcast interview with Cort Hill did not start automatically,
click here to listen
to RTO Online's interview with one of ColorTyme's newest
Franchisees, Cort hill (running time 9:00).
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Mark Martin, ColorTyme Franchisee,
Lehigh Acres, Florida.
PLAY |
Mark Martin -
PLAY
Father and son team John and Mark Martin operate four ColorTyme
locations in Southwest Florida. The Martins were named Franchisee of the year
for 2005 (see
story) and earned ColorTyme's award for Number One Store Growth in the
entire system in 2004.
So how does Martin do it? He says one of the keys is to identify
the things you want to measure, and then do it daily, weekly and
monthly. Martin works with his managers to set up goals for
cash, growth, deliveries and collections. He says among the
specific items he watches are APU (Average Price per Unit), APA
(Average Price per Agreement), ADP (Average Down Payment) and
APC (Average Price per Customer). Martin sets collection goals
at a 21% weekly open, with a 7% close by the week’s end. He’s
quick to admit the results are not always in line with the
goals, but stresses the fact that keeping them so closely
monitored helps the numbers stay within reason.
Click here to listen
to RTO Online's interview with ColorTyme Franchise Mark Martin (running time 7:18).
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Scott Brown and Louis Garcia,
partners with ColorTyme franchises in Maryland and
Washington, D.C.
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Scott Brown and Louis Garcia -
PLAY
Scott Brown and Louis Garcia opened their first ColorTyme
franchise in November, 2004 in Landover Hills, Maryland. Within
two years, Brown and Martin had acquired three more stores and
were proving the value of their unique partnership.
Scott and Louis have a long history, working together for
Rent-A-Center, Remco and Thorn International. They first
discussed going into business together nearly 20 years ago. They
got their chance when Scott called Louis and asked if he knew
anyone willing to be partners and Louis said, "look no further."
Garcia and Brown carry higher-end merchandise than the typical
rental-purchase store. They call it "You are what you eat." They
say you can't make money chasing the bottom. Instead, carry
premium product and get a premium rate.
Entrepreneurial spirits are naturally strong willed and
partnerships can prove difficult. Brown and Garcia more closely
resemble brothers than business partners. They divide the
workload divided into what they describe as "lanes." Garcia handles all
aspects of operations and Brown handles all aspects of marketing
and advertising.
Although Scott is a confessed occasional "lane-jumper", the
system works for them. The key partnerships, they say, is mutual respect.
Click here to listen
to RTO Online's interview with ColorTyme Franchisees Scott Brown
and Louis Garcia (running time 16:57).
Other exclusive RTO Online multimedia from the 2007 ColorTyme Winter Operations
Meeting in Dallas, Texas.
Photo Galleries -
All events
Casino Night (61)
Training Day One (56)
Vendor
Pre-show (35)
Podcast interviews:
Mark Childers
Mark Martin
Scott Brown and Louis
Garcia
Cort Hill
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RTO Online is the official channel for Rent-to-Own Industry News and the
only independent source of news for the rent-to-own, rental-purchase,
lease-purchase trade. RTO Online (Rent to Own Online) represents the choice
of the entire RTO Industry for trusted information, as it happens. |
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