13A - READING REFLECTION NO.1

Book
Ray Kroc's "Grinding it out: The making of McDonald's"

What surprised you the most?
What caught my eye at first is how Ray was able to take one restaurant, to a worldwide scale known almost anywhere in the wall. And just by simply offering burger and fries. I also was surprised all the steps he took in order to turn McDonalds into a sensation in the states, and now having arguably the best food chain in the world.

What about the entrepreneur did you most admire?
I admire the most of Ray his persistence and drive in order to turn a succesful restaurant locally to a nationwide level. His determination was most definitely what I admired the most. Also i admired how when he ran into obstacles such as bumps in building a new restaurant in ceratin parts of the country, he always took "no's" and worked on them to make them into yes, so that stood out a lot.

What about the entrepreneur did you least admire?
RRay got there with a lot of tough work and dedication, but his drive and motivation eventually took him to disrespect some people, and for me respect is one of the most imporant values I look on people. I would consider Ray someone greedy and egocentric, that he only cares about his wellbeing and nothing else.

Did the entrepreneur encounter adversity and failure? If so, what did they do about it?
Yes, Kroc encountered several obstacles when trying to take McDonalds to the top but he kept his focus 100%, he was able to be stable and trying to manage the financial aspecr of the company which was the toughesst hurdle for him.
 What competencies did you notice that the entrepreneur exhibited? 
Ray Kroc showed a lot of persistence and patience throughout his journey. His tolerance levels were quite high so it made him be flexible when encountering rough waters.

Identify at least one part of the reading that was confusing to you.
What was confusing was learning exactly how Ray was able to create so much capital raise for his expansion in little time, I wish he would of explained that more thoroughly.

If you were able to ask two questions to the entrepreneur, what would you ask? Why?
Looking where McDonalds is now at a global market, would you have changed something from your journey?
What would you suggest to young entrepreneurs that want to reach a dream like once you did?

What do you think the entrepreneur's opinion was of hard work? Do you share that opinion?
I Believe he excelled in achieving what he wanted, hes determination and grind was relentless that most relatate to working hard. He pushed his limits until the goals where reached, so I believe and agree with him relentless effort with everything, try your best if it it does not work out, do not give up and continue grinding, get up and try your best.

Comments

  1. Alex WinandiFebruary 24, 2019 at 5:13 PM

    Mario, thank you for sharing your in-depth reflection on Ray Kroc’s autobiography. I read The Wright Brothers, and I find it fascinating how similar all these successful entrepreneurs are, regardless of era or industry. The Wright Brothers were also persistent, tenacious, dedicated and hard workers. Like Kroc, they encountered many obstacles along the way and were able to successfully overcome them

    ReplyDelete
  2. szhiiizFebruary 25, 2019 at 8:06 PM

    Hi Mario

    I really enjoyed reading your blog. I picked the Wright brothers and found the book appealing as well, I think you've answered all the questions in great details, it showed that you've spent the time reading the book also analyzed the character and the actions he has made. After reading most of the peers’ blog, I found out that all the entrepreneur has something in common, which are their patience and their persistence, I think these are the key to success

    ReplyDelete

Post a Comment

Popular posts from this blog

11A - IDEA NAPKIN NO. 1

1)     Me:  Mario Paredes was born in Chile in 1995. After moving to the US at age 12, from Chile he has grown a lot and learned a lot. He lived one year in Germany, where he learned the German language. He now speaks fluently three languages: Spanish, English and German. Other than that, his skills are pretty much the same of an average University of Florida student. He is very good at finding good deals and purchasing good at a low price. He has had the opportunity to travel a lot on his own, where it has lead him to grow a lot as a person, throughout different experiences abroad. He does not enjoy being in his comfort zone as he feels sometimes that drags him down so he needs to be constantly looking for new upcoming challenges. By having traveled so much, and speaking different languages he has been able to detect flaws on international travel. Bringing this experience to create a new airline that starts operating within the Latin American market and especiall...
Read more

8A - SOLVING THE PROBLEM

Opportunity: I see a huge opportunity because there is an important a huge market that is not satisfied. Either people that are deal hunters like me and search for good deals to travel or professionals or people who rather spend that extra money and travel not necessarily more luxurious but have a more pleasant and comfortable flight. As we saw people that are interested right now in traveling are aware of this issue, yet nobody has really stepped up to do something about it. Obviously, this idea is not something I am committed to 100% but I do see an opportunity for a market that is hot having their wishes fulfilled. Service to be offered: My implementation would be to create an airline that competes with the current airlines that travel to South America. I am not sure now after the interviews if the low-cost or high-end airline is a better idea, this would have to go under extensive research in order to find which one would become more successful. But I pretend to offer services ...
Read more

29A – VENTURE CONCEPT NO. 2

Image
Venture: Blankenese Airlines Opportunity: I see an opportunity in opening a new airline that is top in the airline industry. We want to serve Latin American cities that are often ignored. We want to offer a good service where the comfort of our clients and travelers is the most important feature. We want to provide our customers with a good array of inflight entertainment, new and top of the line aircraft, high-quality food and service, hassle-free booking and wiggle room for luggage and carry on. Innovation: We see that people are becoming more unhappy with the flying and traveling experience. We want to restore this concept by providing something never offered before. It seems now that traveling is more complicated than ever when in reality it should be a lot more simple, exactly how it was years ago. We will make a profit without the airline mainly due to the use of airplanes that are extremely self-sufficient and the operating costs are not too much. We will also charge mo...
Read more