The Difference Between Business and Entrepreneurship Through "The Great Entrepreneur"

Myron 2022-03-21 09:01:52

Entrepreneurship is not something that the general public can do at all, and most people are just doing something for a business. "Mass Entrepreneurship" merely encourages the masses to find their own way.

1. What is doing business?

Business can be divided into good business and bad business. Those who can get food and clothing or make money are good businesses, and those who lose money are bad businesses. Just like the McDonald brothers started fast food restaurants, after reengineering the drive-thru process, fast food restaurants became a good, profitable business. The two lived happily on the income of fast food restaurants. If there is no accident, the two brothers are only the owners of fast food restaurants. Although, unexpectedly, the two brothers were unwilling to sell the McDonald's brand to Ray Kroc. But it is also the best ending for them, because it is impossible for them to make McDonald's a world brand.

McDonald's Brothers' Improved Self-Pickup

2. Entrepreneurship is to do things with a growth rate;

Ray Kroc acquired the franchise after learning about the business model of McDonald's fast food restaurants. Mortgage the house for a loan, put everything you have to do it. On the verge of bankruptcy, new ways are still being tried, trying to pull the company out of the quagmire. After operating a fast food restaurant with the concept of a real estate company, McDonald's has achieved extremely rapid growth. Entrepreneurs need courage, but they also need to define the business model of the product. The McDonald brothers saw fast food restaurants as their breadwinner business, and Ray Kroc saw fast food restaurants as the starting point for realizing his great dreams. And continue to put it into action, the entrepreneurial spirit needed to start a business. Entrepreneurs without this spirit cannot survive the survival of the fittest in the market.

Ray Kroc runs McDonald's fast-food restaurant on a real estate model

Here's a synopsis of the movie about "The Great Entrepreneur":

https://www.ixigua.com/i6831339693376799244/

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Extended Reading

The Founder quotes

  • Dick McDonald: I just have to ask you one thing. Something I've never understood.

    Ray Kroc: Alright.

    Dick McDonald: That day we met, when we gave you the tour...

    Ray Kroc: Uh huh. What about it?

    Dick McDonald: We showed you everything. The whole system, all of our secrets. We were an open book. So why didn't you just...

    Ray Kroc: Steal it? Just, grab your ideas and run off, start my own business... using all those ideas of yours. It would have failed.

    Dick McDonald: How do you know?

    Ray Kroc: Am I the only one who got the kitchen tour? You must have invited lots of people back there, huh?

    Dick McDonald: And?

    Ray Kroc: How many of them succeeded?

    Dick McDonald: Lots of people started restaurants.

    Ray Kroc: As big as McDonald's?

    Dick McDonald: Of course not.

    Ray Kroc: No one ever has and no one ever will because they all lacked that one thing... that makes McDonald's special.

    Dick McDonald: Which is?

    Ray Kroc: Even you don't know what it is.

    Dick McDonald: Enlighten me.

    Ray Kroc: It's not just the system, Dick. It's the name. That glorious name, McDonald's. It could be, anything you want it to be... it's limitless, it's wide open... it sounds, uh... it sounds like... it sounds like America. That's compared to Kroc. What a crock. What a load of crock. Would you eat at a place named Kroc's? Kroc's has that blunt, Slavic sound. Kroc's. But McDonald's, oh boy. That's a beauty. A guy named McDonald? He's never gonna get pushed around in life.

    Dick McDonald: That's clearly not the case.

    Ray Kroc: So, you don't have a check for 1.35 million dollars in your pocket? Bye Dick.

    Dick McDonald: So if you can't beat'em, buy'em.

    Ray Kroc: I remember the first time I saw that name stretched across your stand out there. It was love at first sight. I knew right then and there... I had to have it. And now I do.

    Dick McDonald: You don't have it.

    Ray Kroc: You sure about that?

    Ray Kroc: Bye Dick.

  • Ray Kroc: Look, if you don't wanna make a profit, that's fine.But don't stop the rest of us.

    Dick McDonald: Us?

    Ray Kroc: Us, as in everyone but you.

    Dick McDonald: Who did you send them to?

    Ray Kroc: Everyone but you.

    Dick McDonald: You have no right. You are to stop this instant, is that clear?

    Ray Kroc: Nah...

    Dick McDonald: What the hell does that mean, nah? You will abide by the terms of your deal.

    Ray Kroc: I am through taking marching orders from you... You and your endless parade of NO's. Constantly cowering in the face of progress.

    Dick McDonald: If phony powdered milkshakes is your idea of progress you have a profound misunderstand of what McDonald's is about.

    Ray Kroc: I have a far greater understanding of McDonald's than you two yokles.

    Dick McDonald: What? You will do as we say.

    Ray Kroc: Nope.

    Dick McDonald: You have a contract!

    Ray Kroc: You know, contracts are like hearts... they're made to be broken.