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- Xeddy Tip Of The Week #8
Xeddy Tip Of The Week #8
This week's tips come from Five Guys' Jerry Murrell. He spoke on NPR's "How I Built This" and shared key insights to his success. Check out our read below.
Basil Udo
December 31, 2023
TIPS TO GROW YOUR FOOD BUSINESS
💫Xeddy Suggestions💫
Facilitated by Basil Udo · Dec 31, 2023 · 2 min read
Happy New Year’s Eve! Thanks for your interest in receiving tips. This weekly push is meant to share knowledge among business owners like yourself AND is our last tip of the year!
Thank you for checking for us every week and I’m looking forward to bringing you more tips in 2024!
Tips Of The Week
“If you can make a good hamburger or serve a good drink or give a good haircut, you’ll always have a good income.” [his mother]
Keep it simple. It might work.
- Jerry Murrell, Five Guys
About Five Guys + Tips Context
Credit: Andrew Holder for NPR
This past weekend, I tuned into NPR's podcast "How I Built This with Guy Raz." The episode featured an interview with Jerry Murrell, the brains behind the Five Guys franchise. Jerry recounted his early inspiration from a local hamburger vendor, known as “Push em’ up” Tony, in his hometown. Tony's simple yet popular burger stand left a lasting impression on Jerry. Later, a visit to Ocean City, Maryland introduced him to Thrasher’s boardwalk fries, where he noticed that despite many fry vendors, Thrasher's always drew the longest lines. This observation led to a lightbulb moment for Jerry, planting the seed for a business model focused on “keeping it simple”.
With an initial investment of $35,000, Jerry and his sons launched their first Five Guys outlet. By 2005, they expanded to five locations, and now, they boast an impressive 1,700 outlets globally.
When Raz inquired about Jerry's mother and what she would have thought of the Five Guys concept, Jerry fondly recalled her love for hamburgers. He shared her belief that a good hamburger or drink could always ensure a steady income, highlighting her influence on his entrepreneurial journey.
To check out this episode, click here for the Spotify link.
..keep it simple. It might work.
