Reading Reflection No. 1 Week 7

1. You read about an entrepreneur:
1. What surprised you the most?
1. I was surprised to learn that since the beginning Ray Kroc envisioned a franchise concept for McDonald’s. 
2. What about the entrepreneur did you most admire?
1. I admired how Ray Kroc could see the future of charging 50 cents for a hamburger. Not many people could see how charging 50 cents for a hamburger would turn into a 34 billion dollar business. 
3. What about the entrepreneur did you least admire?
1. After reading, Grinding It Out: The Making of McDonald’s, I found out that Ray Kroc basically “stole” McDonald’s from the McDonald brothers and cut them out of a lot of deals, so that’s what I least admire about him. 
4. Did the entrepreneur encounter adversity and failure? If so, what did they do about it? 
1. Yes, Ray Krock encountered adversity and failure. In the beginning it was extremely tough to find investors and enthusiastic people who would be able to run a franchise. Kroc never gave up and went on to find many investors and enthusiastic people to run franchises.
2. What competencies did you notice that the entrepreneur exhibited?
1. Ray Kroc realized that in order for McDonald’s to reach maximum success they needed to franchise these stores. 
3. Identify at least one part of the reading that was confusing to you.
1. I was a little bit confused on the agreement between Kroc and the McDonald brothers. 
4. If you were able to ask two questions to the entrepreneur, what would you ask? Why?
1. My first question would be: How did you know McDonald’s was going to be a success? My second question would be: Looking back, would you have done anything differently? I would ask these two questions because I think that most people would be skeptical of selling a hamburger for 50 cents or less. 
5. For fun: what do you think the entrepreneur’s opinion was of hard work? Do you share that opinion?
1. I think Kroc valued hard work and in order to achieve greatness you can never give up. I definitely share Kroc’s opinion.