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Beneath All the Toppings: How Monaghan Grew Domino’s into a Pizza Empire
Beneath All the Toppings: How Monaghan Grew Domino’s into a Pizza Empire
“If you want to be successful over a long period, you have to have some idea why you were born and what life is about,” says Monaghan. “I don't know how anybody can function without thinking that through.” It may have taken him a while to realize it, but Monaghan certainly came to know what he was meant to do with his life. From dropping out of school and shredding cheese in his one-man pizza shop in Ypsilanti, Michigan, to exporting his recipe for success to over 8,000 Domino’s locations around the world, Monaghan pioneered his way – and his pizza – to the top. How did he do it?
Confidence: Reflecting on the lowest point of his career, Monaghan says, “Bankruptcy would have been easier. It wasn't in my vocabulary.” Nothing about quitting or accepting failure had ever come into Monaghan’s vocabulary. He had invested his time and energy into his pizza parlour, and although his brother might have bowed out, Monaghan was not about to. It was with determination and faith in himself that Monaghan was able to triumph.
Excellence: Whether he was motivated by pride or a true commitment to quality or both, Monaghan was determined to be the best at whatever he did. From using only the highest quality ingredients for his pizzas to guaranteeing the fastest delivery time, Monaghan carefully made sure that Domino’s was building a solid and unmatchable reputation in the industry.
Chance: Had Monaghan bothered asking a consultant whether or not he should scrap his most popular product, he probably would have been told that he was out of his mind. It’s a good thing then that he stuck with his hunch. Whether it was changing his product line or trying to beat the clock, Monaghan was not afraid to take a chance and try something new. It were in fact those very gambles that set him apart from the pack.
Motive: “The greatest of all sins is pride,” says Monaghan. “It's a bad thing to want more than what other people have.” It took many years for Monaghan to realize he ought to be driven by some force other than money, but when he did, he refocused his energy on making Domino’s the best that it could be.
Faith: “I wanted my faith to be the center of my life,” says Monaghan. “I'm thankful that I have my faith, because I couldn't have gotten through Domino's without it.” It is in large part to his Catholic beliefs that Monaghan attributes his success. From practicing the Golden Rule and building solid business relationships, to comforting him during difficult times, it was religion that helped sustain Monaghan.
As controversial a figure as he is no one can accuse Monaghan of sitting on the sidelines. He worked hard for what he wanted and he continues to fight for what he believes in. Today, Monaghan spends his time devoted to philanthropic causes in an effort to give away most of his accumulated fortune. “I enjoyed Domino's, but I don't miss it at all,” he says. “This is so much more fulfilling.”
Monaghan is fond of saying, “I owe all my success to stupidity.” In reality, the emergence of Domino’s as a global pizza empire owes itself less to the fact that Monaghan didn’t know what he was doing, as to the fac...
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When Tom Monaghan was a young boy, he wanted to be three things: a shortstop for the Detroit Tigers, a priest, and an architect; founder of a multi-billion dollar pizza company was not on the list. However, that is ...
“If you want to be successful over a long period, you have to have some idea why you were born and what life is about,” says Monaghan. “I don't know how anybody can function without thinking that through.” It may ha...
“We had no idea what we were doing” recalls Monaghan of his and his brother’s first venture into the pizza business. “We opened up without an attorney. I didn’t even collect sales tax – didn’t know I had to.” Initia...
Tom Monaghan Video - Dominos Pizza founder Tom Monaghan spent more than half a billion dollars to create a planned Catholic Community from scratch: Ave Maria, Florida.
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Monaghan is fond of saying, “I owe all my success to stupidity.” In reality, the emergence of Domino’s as a global pizza empire owes itself less to the fact that Monaghan didn’t know what he was doing, as to the fac...
