In April 2006, Armando D’Accordo vowed to change his life as he looked up at tubes sustaining him while he was being taken away in away in an ambulance from his high-pressure job at Cendant Corp. Having escaped a heart attack—the chest pains were caused by extreme hypertension—Mr. D’Accordo, who’d also had a recent bout with cancer, wanted more control over his destiny.
In September 2007, the IT executive, 48, paid $184,000 to purchase both a franchise from CMIT Solutions, a Texas-based information technology provider with 107 franchisees that serves small businesses, as well as the development rights for franchises in New York City and Long Island. His uncle Armand D’Accordo is a partner in the development venture.
“I wanted to buy a franchise rather than build a business from scratch because I knew I wouldn’t have to reinvent the wheel,†says Mr. D’Accordo. Read full article.