📺 Stream EntrepreneurTV for Free 📺

Former McDonald's Exec Brings Repair Kit to Midas' Shop <b></b>

entrepreneur daily

Itasca, Illinois--Alan Feldman figures his experience at one struggling franchise operation will help him fix another. A former top executive with McDonald's Corp., Feldman says he has the financial, marketing and franchisee-relations knowledge to lead the Midas Inc. automotive repair chain specializing in muffler service. The new CEO inherits a long fix-it list for Midas and also must grapple with the fact that the lengthening life span of mufflers means they don't need to be replaced as often.

Last year, Midas was rattled by the costs of store openings, weak sales and disappointing performance at a parts warehouse it's now trying to sell. Feldman isn't commenting on his plans for the chain but says he'll spend the next 90 to 120 days evaluating the company to determine its direction and what needs fixing. -Crain's Chicago Business

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Most Popular

See all
Side Hustle

These Coworkers-Turned-Friends Started a Side Hustle on Amazon — Now It's a 'Full Hustle' Earning Over $20 Million a Year: 'Jump in With Both Feet'

Achal Patel and Russell Gong met at a large consulting firm and "bonded over a shared vision to create a mission-led company."

By Amanda Breen
Business News

These Are the 10 Most Profitable Cities for Airbnb Hosts, According to a New Report

Here's where Airbnb property owners and hosts are making the most money.

By Sherin Shibu
Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

By Eve Gumpel
Side Hustle

How to Turn Your Hobby Into a Successful Business

A hobby, interest or charity project can turn into a money-making business if you know the right steps to take.

By Bidhan Baruah
Starting a Business

This Couple Turned Their Startup Into a $150 Million Food Delivery Company. Here's What They Did Early On to Make It Happen.

Selling only online to your customers has many perks. But the founders of Little Spoon want you to know four things if you want to see accelerated growth.

By Entrepreneur Staff
Branding

All Startups Need a Well-Defined Brand Positioning Statement. Here's a 3-Step Framework to Help You Craft One.

Startup founders often lack time but they should invest resources in identifying a winning brand position that will then drive all their strategic decisions.

By Praveen Krishnamurthy