Ernst & Young 2002 Entrepreneur of
the Year award
Nominees/Partners
Don Farrell began his career in hospitality services at the Milwaukee
Marriott when he was just 17 and took a job as a dishwasher for the hotel.
In a classic young-man-dreams-bigger scenario he took less than 3 years
to work his way through other hotel corporations until, in 1976, he became
the Director of Regional Sales for Holiday Inns, Inc.
Entrepreneur at 30
Don's entrepreneurial career began 10 years later in 1986. After realizing
that he could accomplish so much more with his sales skills combined with
service training programs he had designed, he left the corporate world
and headed for the newly seized space in his master bedroom at home. For
the next five years his office moved into larger spaces throughout the
house as he pushed his passion for providing legendary sales and service
training to hotel/motel clients. From his true belief that improving customer
service levels absolutely bolstered the bottom line with more revenue,
Don had offered a money-back guarantee. He knew that with properly installed
and reinforced training a hotel would see measurable results. This guarantee
is still in place today and has made Signature a training company like
no other.
Don and Steve
In his early years of the business, Don had connected and maintained
close touch with Steve Wolever. Steve began his career in 1966 at Macomb
Motel, Inc., as a General Manager and Director of Operations. In this role,
he developed and operated two Holiday Inns in Iowa. In 1982, Steve's love
for food drew him to the position of President of HJS where he developed
and operated eight Happy Joe' pizza parlors. From 1987 until 1989
he was back in the hotel business as Director of Operations for Gulf Shores
Hotel Management where he was responsible for six hotels in Mississippi
and Alabama. Steve left Gulf Shores in 1989 to serve as General Manager
at the Hilton Inn in Columbus, Ohio. He partnered with Don in 1991 as co-chairman
of Signature. Together-in 1995-Signature contracted with Hampton
Inns to provide training at 575 independently-owned properties. This began
Signature's rise from an $80,000-per-year company to 2001's $11.5 million
in sales.
Type of Business
Just picture it... working as a consultant to The Sandestin Inn in Destin,
Fla., in an office just behind the front desk, Don would overhear the reservation
agents as they responded to calls coming in to the hotel. Day in and day
out, he would hear room rates quoted with no other information being volunteered
before the agent would give their standard "good-byes." No details were
asked of the callers, no benefits of the hotel were offered.
The golden opportunities to care for the prospective guest and make
a sale were being lost to lack of service. Don realized that without taking
time to inquire about the caller's interests, welcoming their visit by
sharing hotel features rather than simply telling rates, a relationship
would never come from the call. Worse yet, the caller was pretty much invited
to continue shopping and finding a better fit with a competitor.
Don realized that hotels were overlooking the human side of service and
its value in striving to gain a competitive edge in the marketplace. With
what he saw and heard of the hotel business at the time, Don began his
sales and service training company at home in 1987. Knowing the limitations
of a one-person business, he enlisted the help of Steve Wolever. Although
they didn't have investment capital, didn't take salaries and split what
revenue was left after expenses, their risk paid of in 1991 when Signature
became a corporation.
While the idea of Signature was simple--training staff to convert inquiry
calls into sales through exceptional customer service--the launch of the
company was not. Signature had to prove to hotel managers that the front-line
staff played an integral role in the bottom line. Don and Steve derived
an equation to show potential customers the actual return on their training
investment. They still use this equation today, and include it in training
classes to prove that training is not an expense but, rather, a revenue
generator.
Today, Signature is the largest sales and service training company to
the hospitality industry in the United States and Canada. Signature has
trainers throughout the U.S., Europe and Canada. Its Dublin, Ohio, headquarters
has 185 employees, with the rest of the staff stationed near their regional
training areas. |