Reading Reflection 3


What surprised me the most was that Ray Kroc was not the person who first opened McDonalds. This may sound dumb but I did not know much about McDonalds before this because I have always hated this food but when I bought the book I figured it would be about starting the business and opening the first door and other things of that sort. It is somewhat ironic that what I admire most about Ray Kroc is also what I admire least. His decisions that involved business and also the deals he made were astounding which is very admirable. The problem is these decisions and this thriving for business success destroyed his relationships outside of business. I noticed that Kroc was very honest especially in his early entrepreneur days when he was selling cups. He knew who to target as is main customers and also knew that these people would continue to do business with him. He never attempted to take advantage of them and this was important to him. One thing I don’t understand is why Clem Bohr decided to screw Kroc over so badly by letting him build on properties he didn’t actually own. I understand he made some money but wouldn’t there be repercussions? Wont he end up losing money after lawsuits? My first question I would ask Ray Kroc is if his commitment to business was worth ruining some of his other relationships and the second is what he learned from making the decision to focus on business and neglect these relationships. It is pretty obvious that Kroc was obsessed with hard work. He gave up many things in his life for his business and working hard. I share that opinion somewhat because I love hard work and think it is important but it is not worth ruining personal relationships.

Comments

  1. UnknownDecember 3, 2017 at 5:35 PM

    I also read this book and agree that Kroc had an issue with how committed he was to his business. I like how you bring up how honest he was in his business ventures early on because that's something a lot of business people lack. As much as I don't like the food at McDonalds this book gave me a new perspective on it.

    ReplyDelete
  2. UnknownDecember 3, 2017 at 7:54 PM

    Ray Kroc sounds like an interesting person to have read about. He sounds very familiar to other massively successful entrepreneurs, most of them are usually very hard working and tend to have destroyed several relation ships because of their commitment to growing their business. Overall great job on your post especially on what you admired and least admired about ray Kroc.

    ReplyDelete

Post a Comment

Popular posts from this blog

Identifying Local Opportunities

1.     Four cling to life after Saturday morning head-on crash in Madeira Beach http://infoweb.newsbank.com.lp.hscl.ufl.edu/resources/doc/nb/news/166B004D9D8F3AF0?p=WORLDNEWS In this article four people were injured in a head-on car crash. A young man driving a corvette going east on the Tom Stuart Causeway lost control and passed into the opposite lane of traffic. The car then crashed head on into another vehicle causing extensive injuries and damage. It seems as of now that alcohol, weather, and reckless driving were the causes. The problem is that drunk people still have the choice to start their car and drive while they are intoxicated. The main problem here seems to be the alcohol involved many people make bad decisions while intoxicated. The first being to enter their car, but then to also drive recklessly. This causes a problem for all people on the road driving because they are in danger. It also presents problems for insurance companies and the medical...
Read more

Your Venture's Unfair Advantage

1.      My ability to relate to anyone that I meet very quickly. o    This is valuable because it can help in situations with pitching ideas to a probable investor or meeting with prospective customers. If you can relate to those people they will connect with you. This may not be very rare but I feel like it is a pretty unique characteristic many people can communicate well but to be able to understand what people like very quickly and be able to talk about those things is somewhat rare. I think this is hard to imitate because it is a skill that has taken many years to obtain by talking to many people and getting good at reading their personalities. I do not think this is something that is substitutable. 2.      Being extremely driven and turning failures into successful lessons. o    This is valuable because many people are discouraged by failures instead of learning from them and letting it motivate them to be even bet...
Read more

Growing Your Social Capital

1.      1 st person o    The first person I contacted is John Morgan an Outside Sales Associate for Air Filters, Inc. o    This person is filling my supplier slot because as an outside sales person he sells filters and parts for filters to other companies that would be likely competitors. o    I found this person through LinkedIn and contacted him through their In-Mail feature. o    I simply asked Mr. Morgan who his top consumers were and whether his main sales were to other businesses or to the ultimate consumer. I do not know what the return expectation would be. o    I think having someone who understand sales especially in my industry is a good connection, because based on his knowledge I can know who my competitors are and how to outperform them. 2.      2 nd person o    The second person I contacted was Chris Mullins a commercial salesman who also works for Air Filt...
Read more