By Authority Magazine
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November 13, 2023
Quality and consistent communication. One of the best things we did was create a weekly newsletter, which is now bi-weekly. People who care about success need to be involved and kept up to date. An increasing number of organizations are tapping into the global talent market and building semi or fully-remote workforces distributed far and wide. While harnessing diverse talent can be a boon for innovation, this operational model is not without its challenges. In this series we ask seasoned HR and operations professionals and leaders about what it takes to run a geographically dispersed organization. As a part of this series, we had the pleasure of interviewing Gregory Carafello. Gregory Carafello’s career began over 41 years ago as a copier sales trainee, and he rose through the ranks of Canon to become their youngest branch director at 26. He went on to found his own company with his wife, which the couple later sold after nearly two decades to focus on franchising. In July of 2003, Gregory joined Cartridge World as a Territory Master, bringing along his profound knowledge of the printing and franchising spaces. Today he serves as the company’s President and Co-founder of Executive Franchise Group, LLC. Thank you so much for your time! I know that you are a very busy person. It has been said that our mistakes can be our greatest teachers. Can you share a story about the funniest mistake you made when you were first starting? Can you tell us what lesson you learned from that? I am a true believer that we never fail, we only have learning experiences. The only time you fail is when you do not get off the mat to fight back. In other words, quitting. In owning any size business, you must be willing to embrace and look forward to the fight each day. It makes you sharper, work harder, and do better. The beauty of owning your own business is you can always outwork and outperform your competition. When I initially opened my first digital printing center in 1990, we printed business cards and failed to put the name of the individual on the card. He politely called and said there was a mistake, so I asked what it was because they looked beautiful, and he said that his name was not on them. I asked, jokingly, — “did you want your name on the card?” None of us are able to achieve success without some help along the way. Is there a particular person who you are grateful for who helped get you to where you are? Can you share a story? Without a doubt, you always need a mentor — no matter your age. That mentor will change over time though as you and your needs grow. I had 3–4 mentors who were keen on my development and in helping me create a sound foundation for long-term success. A note here is that you as the leader of your own firm or any organization, must- without question invest in your greatest asset- which is YOU. You are the leader of the team and need to re-invest annually in learning, sharing, meeting with your mentors, helping others grow, etc. “Live like you are going to die tomorrow; learn like you are going to live forever.” I am lucky to have great parents who instilled a hard work ethic, a brain to make good common-sense decisions, and see the world is your oyster — if you want to grab it. My father owned an insurance brokerage, so I saw him work on Sundays and Saturdays, get involved in the community, coach, etc. Today it is normal to work any hour; in the 60’s and 70’s it was not. Also, both sets of my grandparents owned businesses all their lives. Then, in my first job in New York City with Canon, Joe Picariello trained me to make business owner decisions even though I was an employee. It taught me to treat my area of the firm as my own business under Canon’s umbrella and keep my business model simple — similar to a franchise model. I am still very close with Joe, but we both are in different roles now. My brother Jack has a great level of business acumen, we speak daily about life, cars, wine, and all aspects of the business. He has no motivation except to share sound thoughts on business and life. I am close with Joe Mancuso, who created the CEO Clubs of America, now worldwide. He is an encyclopedia of business knowledge for small to medium-sized businesses. He is willing to share all aspects of knowledge, but more importantly, he brings business owners together to share and help each other. You are not on an island; the sooner you ask for help, input, and ideas, the better off you will be. I am 63 years old. I have done well, I have been down in the hardship area, and now I am back; yet I still look for people to share with and help grow. I also do my best to give back and share my experiences with all business owners, no matter what size or stage their business is at. Can you please give us your favorite “Life Lesson Quote”? Can you share how that was relevant to you in your life? I have a bunch of them I live by. My first is my grandmother’s saying- “You are dead a long time.” So basically, while you are on this earth, don’t squander your time and life. My godson moved to open the west coast division for a New Jersey-based firm, and a local told him not to wake up ten years from now at the pool and wonder what happened to his youth and time. “As a business owner- you can always outwork your competition.” The bigger the competition is, the easier it is because success has a way of eroding most people’s inner energy and drive to kill for success. I hope to never lose my drive to grow and succeed. “Cash flow outweighs profits many times.” It would be best if you had the cash flow to succeed. Profits are what I measure, but to be profitable and have no cash flow will cause issues in your business. “When in doubt, SELL something.” “High sales cures many issues.” “You are only as good as your last delivery/sale.” You and your team must have consistent quality, deliveries, invoicing, collections, etc. We lived on a motto in our digital printing business — “ 99% right is 100% wrong.” Do not push products out the door if it is almost good enough quality. You will be short-lived. The one ingrained in my body is: “Live like you are going to die tomorrow; learn like you are going to live forever.” Thinking back on your own career, what would you tell your younger self? I would drive home earlier to invest in my knowledge from the earliest days of my career. I have started seven firms. I also would have a diary as my life experience has a broad level of success and hardship while continuing to move forward. I would join executive or entrepreneurship groups and associations as soon as they would let me in to learn, learn, learn. I would also advise my younger self, if you think you are working hard, you are not — work harder and learn more — because you have more in the tank than you think.