Popeyes was $400m in debt. Then, 1 genius move saved the founder.
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 Published On Jun 2, 2022

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Amid the colorful hustle and bustle in New Orleans, a donut maker worked day and night to make ends meet.

He had come a long way from the days of when he was a poor kid, who was simply happy to have shoes for his feet.

Still, he couldn’t help but look to the new restaurant down the street with envy. KFC. The popular fried chicken shop opened later and closed earlier but was doing four times the business when compared to his.

Beaten down and jealous, the donut maker decided to bet on himself and make his own fried chicken to compete with KFC. It was only until one mistake after another that he finally came up with a secret recipe that customers loved.

But, his risk it all mentality that led to his eventual success would bring on monumental debt: $400 million. Fortunately, one, ingenious move turned his luck around and allowed him to make $10 million a year — doing absolutely nothing.

This is the story of how a donut maker went from struggling to make ends meet to building and saving Popeyes: one of the most popular, billion-dollar chains in the world.

Sources: https://pastebin.com/5GPK1q27

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