In this episode of FranchiseU!, Dr. Kathy Gosser and Dr. Isabel Botero joined by Bonny and Marcus Shelton, who share their incredible journey as multi-generational KFC franchisees. The Sheltons recount the inspiring history of Bacon Enterprises, Inc., starting with Bonnie's father in the 1960s, through their significant contributions to the KFC community, and culminating in the successful exit from their family business. They discuss the keys to their success, including family unity, clear communication, and strong ethical values. The Sheltons also share their strategies for managing a family-owned business, the importance of transparent operating agreements, and their comprehensive approach to ensuring the well-being of their employees during the sale. This episode provides valuable insights into maintaining family harmony while achieving business success.

Time Topic

00:00 Introduction and Co-Host Welcome

00:20 Meet the Shelton Family: Multi-Generational KFC Franchisees

01:27 Bonnie's Story: The Early Days of Bacon Enterprises

04:10 A Family Business: Challenges and Triumphs

07:14 Marcus's Journey: From Childhood Memories to Business Leader

12:10 The Next Generation: Roles of the Shelton Daughters

15:27 Growth and Leadership: Expanding the Franchise

18:25 Working Together: Family Dynamics in Business

22:46 Balancing Family and Business

23:12 Leadership and Conflict Resolution

27:35 Values and Principles in Family Business

28:34 Decision to Sell the Business

31:20 Navigating the Sale Process

37:36 Celebrating and Reflecting on Success

40:03 Advice for Family Businesses

42:58 Final Thoughts and Gratitude