We had the good fortune of connecting with Jack Eberenz and we’ve shared our conversation below.
Hi Jack, did you self-fund your business or did you have investors fund your business? If you could go back, would you do it differently?
I have a different perspective on the question of using investors or being self funded because for over 50 years I have done both. I started in business at a company that was a self funded family business that when I left was the equivalent of about $60 million in gross revenues by today’s dollar. I purchased a franchise when we moved to Phoenix so I self funded again but quickly became involved in the management of the franchise system. Franchising exists because other people buy and finance their franchise so it becomes a system where the franchisee uses the proprietary information of the franchisor to open a business and manage that business. So for over 40 years I have done both simultaneously. The franchisor self finances until it raises capital by other means but also grows its capital base through franchise fees. The franchisee self finances normally but some franchisees are now public companies. It’s all mixed together into a system that can expand companies exponentially. I love franchising, making many business owners successful using the systems I have helped design is very gratifying. I won’t do it differently.
Can you give our readers an introduction to your business? Maybe you can share a bit about what you do and what sets you apart from others?
My experience of being a franchisee myself and growing into the role of president of the franchise company and eventually becoming a consultant and adviser to others gives me perspective that few other people have. I have been there and done that as a Chairman of the Board, President, Chief Financial Officer, Board Member, Adviser and Mentor. This allows me to relate at many different levels and combined with the over 300 companies I have worked or consulted with over the years gives be broad experience in many areas to bring to my clients. In addition I have helped over 2,000 executives to learn better management practices and improve their performance. This certainly takes time, effort and some failures. One important thing to remember is that you learn more from failures than successes but you need to be positive and to keep on keeping on. I have been through a natural disaster and come out of it better than before because disasters open up opportunities. I believe that my experience can help my clients avoid many problems, see opportunities and accelerate their grow.
Any places to eat or things to do that you can share with our readers? If they have a friend visiting town, what are some spots they could take them to?
Arizona is such an amazing place. When people visit I often head for Flagstaff, maybe the Grand Canyon for a quick trip if they haven’t been there then back to Flag. Depending on their likes it’s dinner at Brix or Josephine’s or some leisure time at The Lumberyard or even dinner at Mama Luisa’s. I would love to get them on a hike to some great places like the Weatherford Trail, Sunset Trail or the Kachina Trail. Get them to enjoy the outdoors. We can’t forget Phoenix and all of our great restaurants, cultural centers and history.
Who else deserves some credit and recognition?
I learned many great lessons about business from my father as I worked with him in business. Father son relationships can be complicated but still the lessons of customer service, doing the right thing and hard work he instilled are still important today.
Linkedin: Jack Eberenz, Franchise Integrtion
Youtube: https://youtu.be/AYMqmPoilmM https://www.youtube.com/watch?v=L9Oz3phvD2U&t=15s https://www.youtube.com/watch?v=DCFLwG_M5hk
Other: If someone says “Franchising” you say “Call Jack”.