Quotes by: Fred DeLuca

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Fred DeLuca
Born Frederick Adrian DeLuca
(1947-10-03)October 3, 1947
Brooklyn, New York City, U.S.
Died September 14, 2015(2015-09-14) (aged 67)
Lauderdale Lakes, Florida, U.S.
Cause of death Leukemia
Nationality American
Alma mater University of Bridgeport
Occupation Businessman
Years active 1965–2015
Net worth US$3.5 billion (2015)[1]
Title Founder/President of Subway (1965–2015)
Spouse(s) Elisabeth (1966–2015; his death)
Children Jonathan DeLuca

If you have company-owned stores, you make 100 percent of the profit from each one, but you have less entrepreneurial spirit.
Fred DeLuca
We have salads, some other beverages. But in reality, it's still fundamentally the same business. The most likely thing the next person will buy is a sandwich and a soft drink. After a half-century of glacial change, we're still pretty much the same business.
Fred DeLuca
For a franchise system to work well, you really need people with an entrepreneurial mind-set because, while you have a large, overarching system that everybody has to work with, a lot of local issues have to be handled.
Fred DeLuca
After 39 years of business, I'm still learning. I go through this every year -identifying new strategies that are extremely important.
Fred DeLuca
You have to realize that the customer really is king. People who go into more established businesses probably have to be careful not to be casual about that. When you have a brand-new business, and nobody knows who you are, you know you have to work really hard for your customers.
Fred DeLuca
If I'm spending time on something, I may as well do good as opposed to average.
Fred DeLuca
Everybody who goes through the business will make mistakes. The big question is how big will the mistakes be? How fast will they learn from the mistakes, and how quickly will they get the business in the correct direction?
Fred DeLuca
Back in the early days of international, everybody wanted to customize the menu for every place.
Fred DeLuca
To a large extent, we're working hard to fulfill the consumer demand for Subway sandwiches.
Fred DeLuca
You have to be able to communicate the vision to the people in your organization so that they know where and how they should direct themselves on a day-to-day basis.
Fred DeLuca
If I were in charge of the government, I would index the minimum wage to inflation, so that way, everybody knows what they can count on.
Fred DeLuca
I guess that's one of the benefits of being sick. Your wife lets you have a big-screen TV in the living room.
Fred DeLuca
In 1974, we began franchising. We didn't have any big thought process except that, 'OK, franchising will help us get to our goal of 32 stores and help us run stores farther away from home.'
Fred DeLuca
Six months after we started, in 1964, there was a day when we sold only seven sandwiches. If we'd taken all the money from the register, we couldn't have paid an employee, much less the food or the rent or all that. It could have been a turning point. We could have given up.
Fred DeLuca
We're very much in the people business in that there are two important groups you have to work with: customers and employees.
Fred DeLuca
A lot of stuff happens daily when you're running a company like Subway. If you get too happy about some things or too unhappy about others, you get worn out. It's best if you can pace yourself a little bit more.
Fred DeLuca
The United States is a huge market, and once you get rolling, you can replicate that model over and over pretty easily. Your supply lines are taken care of. You don't have technicians to deal with. You've got your customer base.
Fred DeLuca
I know a lot of people at some point in their business careers decide they'll just cash in and do something else, but for some reason, I've never had that feeling.
Fred DeLuca
We find that no matter what country we're in, if we hit the right economic notes and appeal to the mass market, we're able to build the business very, very rapidly.
Fred DeLuca
Every time I come across learning items of interest, I'll send distribution voice mail to the appropriate group in the organization.
Fred DeLuca
In a typical situation, it's going to take pretty close to a year to get your location in, get your permits, and then get open.
Fred DeLuca
It's tough for people to get into business, especially a small business.
Fred DeLuca
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