Grinding it out: The making of McDonald's by Ray Kroc
1)
·
What
surprised you the most?
- He worked for a paper cup
company for most of his life before even thinking about franchising a restaurant.
·
What
about the entrepreneur did you most admire?
- He was already reaching
retirement age before he even met the McDonald’s brothers. He didn’t care
if he was too old to start something new, he pushed passed the judgment
and created something incredible.
·
What
about the entrepreneur did you least admire?
- He gave 60% of his sales of
the Multimixer even though the paper cup company did not deserve it. He
should have fought the company to which they didn’t even want to sell
Multimixers until Kroc left the company.
·
Did
the entrepreneur encounter adversity and failure? If so, what did they do about
it?
- Kroc faced adversity when he
gave 60% of the Multimixer profits to the paper cup company. He had to live on less than 40% of the profits and had to grind it out to make it where he is today. He pushed through and found an opportunity with the
McDonald’s brothers.
2) He
showed and practiced techniques to manage his stress
when overwhelmed with the company and the franchise that he created. It was
always expanding so he was always focused and never stressed about an issue that
would occur.
3) I’m
not exactly sure how he ended up getting the French fry recipe down with all
the other locations. He had always had the exact recipe but for some reason, there was an issue with execution. I’m not sure how the issue occurred if they
had the recipe and the brothers to help the whole time.
4) If
you had the chance to go back and change one thing in your life that was
business-related, would you and why? I would ask him this to see if he would
try and fight the paper cup company for the 60% of the profit that they took away
from him.
5) I
think his opinion of hard work is persevering through hard and stressful times.
Not looking at the bad but working for the good in the future. I do share this
opinion because you have to work for everything in life. Not everything will be
handed to you.