When you are starting a business that's going to pay your way through college, you don't even think about what the economy is doing, Carney once told a 1992 entrepreneurship conference at Wichita State.
We didn't care about who was in the White House or what the unemployment rate was," he said. "The entrepreneur, all he thinks about is: Is there a market for the product? Can I sell it?
PepsiCo bought Pizza Hut
for $300 million in 1977. Over the years, he got involved in various business ventures, including other food companies, real estate, oil and gas, automotive, rental and recreational businesses.
Only five of about 20 of the companies made him money, which his brother contends is actually not a bad average.
He probably lost most of what he had made in Pizza Hut, Dan Carney said. He was not depressed. He was just aggressive to build something different.
When PepsiCo decided to move the Pizza Hut headquarters from Wichita to Dallas a decision Frank Carney thought was a mistake it solidified his decision to become a Papa John's Pizza franchisee in the 1990s and compete against his former business associates in the Wichita market.
Frank Carney had one of the largest Papa John's franchises and kept working until Alzheimer's struck.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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