Great Entrepreneur's Perspective

Dylan 2022-03-26 09:01:05

Throughout this article, I would like to specifically analyze it through the following five specific questions. One: Why do it? Answering this question requires explaining Ray's personal circumstances. The family has a house, a car, and a wife with different aspirations. Early to get all now by selling various items. But people get tired too, don't they? Moreover, the so-called life partner doesn't understand himself at all, and only puts on a bad face. Then, the only thing that can soothe the soul is a passionate speech! "How to succeed? Education can't do it, there are too many useless college students in society. Genius can't do it, how many geniuses have been buried in history? What can do is the firmness and tenacity of one person!" The contact with the rich world makes the desire for success slowly germinate in Lei's heart! So, for someone so demanding of success, would he stop and enjoy the comfort? No, he'll jump at the chance, he's a visionary who's always ready and looking everywhere! Therefore, after going to the McDonald's brother's store and seeing their backstage assembly line, a fire ignited in his heart, a fire that could not be extinguished. What he saw was a revolution in the catering industry at that time! Two: So how did he succeed? 1. A new fast food model invented by the McDonald brothers was ahead of that time. 2. Every dish sold has strict requirements. 3. The subsequent success cannot ignore the crazy output of Lei in the early stage. 4. McDonald's is a hilarious name that attracts or retains guests, which was also mentioned in the chat between Ray and the McDonald brothers at the end of the film. 5. Lei pays great attention to the service attitude of each waiter. 6. Lei's job recruitment standards have no limitations. Secondly, he is willing to discover the value of each person and put the right person in a suitable position just like a senior HR. 7. When dealing with the relationship between the franchise store and the company itself, I understand the opinions of others, buy the land first and then rent it out, so that the company can better control the quality of the franchise store and manage it effectively. 8. Because of buying a lot of land, McDonald's is no longer just a fast food model, but also a powerful real estate company. Three: As the McDonald brothers asked Lei later, so many people have seen their process, why did Lei succeed? Actually, I am sure of one thing. There must be many people who have seen the dining model of the McDonald's brothers and have a fire in their hearts like Ray at that time. But the flames did not stand the test of reality. Troubles come one after another, which inevitably leads to the mentality of giving up. So how did Ray succeed? As you can see throughout the movie, Ray has many special qualities. It is these invaluable qualities that lead him to success step by step. Four: But here How many difficulties have you experienced in the process of success? 1. Convince the McDonald brothers to expand. This revolution is the first challenge. In order to persuade success, Lei can also be described as three visits to the hut. 2, the funding problem. The initial cost of Lei is simply not enough to expand. Then he didn't miss any opportunity to find a partner, and even mortgaged his house to the bank, which can be described as crazy output for expansion. 3, staff problems. Ray found it difficult for different employees in different places to do things under the standard. So Lei began to assign tasks without any threshold and only looked at ability and application, and later several people also achieved their own lives. 4. The issue of capital return. After operating for a period of time, all aspects have developed in an orderly manner, but when checking out, they found that they could not make ends meet. On the one hand, for the agreement signed with the McDonald brothers at first, the McDonald brothers charged too many percentage points, which made it difficult for Ray to expand his career, which was also the main reason why Ray had to make the McDonald brothers give up the right to operate. On the other hand, Lei originally chose a wrong franchise system. He accidentally met a banker at the bank. After the banker conducted a series of analysis, McDonald's turned to the model of buying land and then leasing it to franchise stores in various regions. It can better recover funds, and can effectively control the product quality of franchise stores to ensure the quality of McDonald's main store. 5, the right to speak. Because the agreement signed with the McDonald brothers at the beginning was too restrictive, what Ray wanted to do later would be restrained by the McDonald brothers. For example, the introduction of powdered milkshakes is evident. The best solution is to cut off the cooperation and seize the right to operate. From this, I also realized that it is not that all the way people can't do the same thing at all. Five: How to evaluate Ray Kroc? 1. The business sense of smell and its keenness are a rare kind of genius. He was so excited to see a brand new milkshake blender, just as he saw the McDonald's brothers. 2. The execution is very strong, and you can do whatever you want, and it is never ambiguous to say that you do it. The portrayal in the film after the signing of the contract is also very inspiring. 3. Ambitious, Lei is not a person who is willing to be mediocre in his life. As long as he is in this world, he will want to climb to a higher peak. 4, Dare to think, dare to act, without fear at all. For this quality of Lei, in fact, the McDonald brothers are a particularly good comparison. The McDonald brothers had a grand blueprint for their business expansion, even if the store design was implemented in a new store. But the McDonald brothers, who dare to think and do not dare to do it, are not only timid as mice, but also restricted by the traditional thinking. But Lei is different, he is vigorous and resolute, not influenced by traditional thinking at all. 5. Choose wisely, listen to the opinions of others, rather than stick to your own. Just like in the film, accepting the banker's proposal to buy land first and then lease it to the franchise store is also like listening to the second wife's opinion to introduce powder milkshakes. These are all conducive to the development of his business. 6. Love and hate are clear. Regarding the matter with my ex-wife, I also think that they are not the same person at all, and being together is only a matter of increasing troubles. And for the second lady, that's the real soul mate. If everyone is outraged that Ray dumped his ex-wife and married someone else, I don't think it's necessary. Because this is precisely the expression of his love and hate. 7. Neuroticism, no one is perfect, a person cannot be full of advantages, Lei is indeed a little neurotic, but this has touched the progress of the enterprise. 8. Firmness and tenacity, just like the chicken blood that Lei gave himself in the early stage, Lei knows what he wants and pursues his goal very firmly. And no matter what difficulties he went through, he was never hit, which was clearly seen not only in the entrepreneurial stage, but also in the previous sales stage. No matter how many times he was rejected, he always had the same enthusiasm. Firmness and tenacity, just like the chicken blood that Lei gave himself in the early stage, Lei knew what he wanted and pursued his goal very firmly. And no matter what difficulties he went through, he was never hit, which was clearly seen not only in the entrepreneurial stage, but also in the previous sales stage. No matter how many times he was rejected, he always had the same enthusiasm. Firmness and tenacity, just like the chicken blood that Lei gave himself in the early stage, Lei knew what he wanted and pursued his goal very firmly. And no matter what difficulties he went through, he was never hit, which was clearly seen not only in the entrepreneurial stage, but also in the previous sales stage. No matter how many times he was rejected, he always had the same enthusiasm.

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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.