Jack Cowin: A Successful Entrepreneur in the Food Franchise Industry

Running head: MANAGEMENT
Management
Name:
Institution:
Date:

PERSONAL FINANCE
Introduction
Jack Cowin is a prominent Canadian/ Australian businessman who has interest in
private food restaurants and franchises and other business. Cowin is the founder and CEO of
Sydney based Competitive Foods Australia. The company has been given the rights to
operate the Burger Kings Franchise of Australia known as Hungry Jack (Anthony, & Lu,
2017).
What is entrepreneurial ecosystem?
It is an economic and social environment that affects both the local and regional
entrepreneurship. Businesses that are located in innovation hubs and incubators have a
higher chance of success (Narayan, 2019).
Starting his Business Franchise
In his industrious career in Business, Jack has been able to open more than 430
Hungry Jack franchises all over Australia and a food processing division of the same
franchise. Cowin is also a shareholder and a majority shareholder of the world renowned
Domino Pizza Enterprises, a company that is listed in the Australian stock exchange and an
Australian franchisee of the parent company which is the Dominos of the United States. The
billionaire has amassed a fortune estimated to be more than $2.1 billion through franchising
of fast foods in Australia. He started the first KFC joint in Perth in 1969 after immigrating to
Australia from Canada.
Fast foods had worked in both the United States and Canada. In 1969, Cowin saw the
opportunity to start a fast food restaurant as there was none in Australia. He knew the
opportunity for a booming business had risen since the model had worked elsewhere, it could
also work in Australia. His business journey began when he borrowed $10,000 from 30