Best interview with John Schnatter founder of Papa John’s Pizza
Papa John’s Interview
Patrick Bet-David talks to Papa John Schnatter, founder of one of America’s (And world’s) top pizza chains. Conversation for episode 184 of the PBD Podcast hosted at Valuetainment.
Papa John Schnatter used to be all over the TV for the classic “Better Ingredients, Better Pizza” Papa John’s commercials.
Take a quick minute and give your background on upbringing, How Papa John’s got started and turning. it into a multi billion dollar company
Well, I think my two greatest heroes were my father and grandfather. My dad was a serial entrepreneur, he probably amounted to eleven businesses and every single one failed. So we had these bankruptcies and financial issues. My grandfather he had his several businesses all successful and prosper.
I had a grass-cutting business when I was 8,9 years old. I had a paint company at 11, 12 years old, that my grandfather and I started.
When did you realize you had something special?
At what point when you started, and it’s going the way it’s going through, when did you realize you got something special?
At store number one, we go from the broom closet to actually opening the restaurant.
We put a store next door to the bar, with a sign on the door and the volume tippled.
We didn’t know anything about market, we just thought If you have the best pizza you win.
I walked into Domino’s
I’m all pumped and ready to go. We go down to Domino’s, I walk in there at 22 years old. I say: What do you do in a week? We are doing $6,000 a week.
How I thought with one store, it’s crazy. Fast-forward to 2000, we got like 18, 19,00 stores. We are making 70, 80 million dollars a year.
I’m relentless, I’m on it. We turn the corner, we are making 79 million bucks a year but in my mind im still broke. So mentally I still think I’m broke, even though we are not.
So I hired a coach, one of the greatest coaches in the world is Tony Robbins, give same advice. So Ive always had the best coaches… one of the greatest coach.
Dennis Rodman operates out of the state of fear. Jack Nicklaus, Tiger Woods operates out of the state of self-esteem. You want a little bit of fear, you don’t want to be complacent but you don’t want it running the show. So I got this coach, this guy is tough but I didn’t care. He looks at me and says, you are worth hundreds of millions of dollars. Vietnam’s over, they are not going to turn off the electricity or water, you won’t lose you’re house.
What it really changed was the culture.
Papa John | PBD Podcast | Ep. 184