By Kent Phelps, Attorney “Keep it real simple.” Harry Snyder always said. “Do one thing and do it the best you can.” 62 years after Harry Snyder opened the first In-N-Out restaurant, the famously stream-lined menu remains virtually the same. But making hamburgers and fries with only the freshest ingredients wasn’t all that the Snyder […]
The Power Of Dynasty In Business Succession Planning – Part 2
By Kent Phelps, Attorney When Harry and Esther Snyder opened the first In-N-Out Burger in Baldwin Park, CA in 1948, their vision was to make this business a “golden goose” for the Snyder family. For the last 62 years, the Snyders have resisted countless lucrative offers from venture capital firms and corporate conglomerates to swoop […]
Business Succession Lessons Learned From In-N-Out Burger – Part 1
By Kent Phelps, Attorney Last week I finished the book, In-N-Out Burger: A Behind-the-Counter Look at the Fast-Food Chain That Breaks All the Rules. I remember the first time I ate at an In-N-Out Burger. I was driving my 1974 VW Bug (no air conditioning!) through Southern California on my way from Sacramento to Phoenix […]