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Eyes On The Prize

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  • Posted on 14th Sep, 2022 01:03 AM

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This story appears in the December 1998 issue of Entrepreneur. Subscribe »

The Mohawks were dismal. We knew our town had never witnessed aworse little league hockey team. We tried, but our pathetic skatingnonetheless produced a spotless record (no wins), and thus the teambanquet was peppered with despair. Fortunately, our coach was anexperienced loser and saved the season when he surprised us all byproducing a few boxes of gleaming trophies from under the table.Until that point, we felt like failures, but as each of us receivedour trophies with such inscriptions as "Most Improved,""Hustle Award" and "Team Leader," each boyfound redemption. Now that had a value that far exceeded the costof a plastic trophy.

Crown Trophy Inc., a franchisor based in Yonkers, New York, hascapitalized on people's need to be recognized since 1985, whenit began Crown Trophy stores. The company was also thetop-ranked Sports Memorabilia/Recognition Products franchise inEntrepreneur's 1998 Franchise 500®. Besides trophies ofall kinds, Crown Trophy stores offer engraving, signs, plaques,medals and desk accessories. The chain now has 54 stores inoperation, and according to Crown management, there hasn't beena franchise failure, license cancellation or franchisee lawsuit inthe chain's history.

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