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The Sandwich King: The Early Years of Subway’s Fred DeLuca
Fred DeLuca was nothing more than a kid from “The Projects”, looking for a way to pay his college tuition when he opened up a sandwich store in Bridgeport, Connecticut. At the time, he could not even afford the $25 lawyer’s fee he needed to sign the lease. That was back in 1956. Today, his store has blossomed into the third largest fast food chain in the world. Subway remains one of the largest global privately held companies and earns revenues in excess of $9.5 billion.

Lesson #3: Put Yourself in Your Customers’ Shoes
Hindsight is 20/20. Looking back on the success – or lack thereof – of his first Subway store, DeLuca acknowledges that his biggest mistake was its “crummy location. In February, the store was doing so bad that we were thinking of closing up.” But together with his partner, Buck, the pair decided to try something even more eccentric: they decided to open up a second store. “We talked ourselves into building the second store,” says DeLuca.

Lesson #4: The Name of the Game is Profit or Perish
In Subway’s early days, DeLuca maintained a close watch over all of his expenses, making sure that they were always kept to a minimum. He also made sure that he never ran out of money; he knew that a cash flow crisis was one of the top reasons why businesses failed. He was personally in charge of opening Subway’s first nine stores. But as Subway’s franchises began to multiply and its revenues soar, DeLuca came into a different kind of crisis, one that he had not been ready for.

Staying Motivated When You're Internet Business Is Slow
It's a wonderful thing to be able to go to work in your pajamas - that's something that a person with an internet based home business is grateful for each and every day as they sit down to begin the day's work. There is the freedom of setting your own schedule, avoiding that awful daily commute on clogged highways and crowded subways, working for yourself, and being accountable to no one but you!
All Happy Subways are Alike
We study the temporal evolution of the structure of the world’s largest subway networks. We show that, remarkably, all these networks converge to a shape which shares similar generic features despite their geographic and economic differences.

Other subways Related Articles

Staying Motivated When You're Internet Business Is Slow
It's a wonderful thing to be able to go to work in your pajamas - that's something that a person with an internet based home business is grateful for each and every day as they sit down to begin the day's work. There is the freedom of setting your own schedule, avoiding that awful daily commute on clogged highways and crowded subways, working for yourself, and being accountable to no one but you!
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