Small Business Ideas – How to Find Your Next Big Business Opportunity Like Ray Kroc (McDonald’s)

07.30.10


Small Business Ideas – Evan Carmichael discusses how you can find your next big business opportunity like Ray Kroc from McDonald’s, one of the most recognized companies in the world. “Luck is a dividend of sweat. The more you sweat, the luckier you get.” — Ray Kroc Raymond “Ray” Albert Kroc (October 5, 1902 — January 14, 1984) was a Czech American businessman who took over the small-scale McDonald’s Corporation franchise in 1954 and built it into the most successful fast food operation in the world. Kroc was included in Time 100: The Most Important People of the Century, and amassed a $500 million fortune during his lifetime. Small Business Ideas Action Item #1: Always Be On The Lookout For Opportunities Most entrepreneurs don’t end up being successful with the product or service that they start with. There are always tweaks and changes that will happen once you start talking to customers and they tell you what they want. Your prospects and customers will lead you to many potential opportunities to grow your business – the key is to jump on those opportunities and take action. In Ray Kroc’s own words: “The two most important requirements for major success are: first, being in the right place at the right time, and second, doing something about it.” Kroc started out as a salesman for paper cups and his customers twice brought him to new business opportunities that he acted on. Sometimes this can mean selling a completely different product or service than you were …

Tags: , , , , , , , ,

This entry was posted on Friday, July 30th, 2010 at 1:58 pm and is filed under Small Business Tips. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

4 Responses to “Small Business Ideas – How to Find Your Next Big Business Opportunity Like Ray Kroc (McDonald’s)”

  1. ModelingTheMasters says on July 30th, 2010 at 2:13 pm :

    @thesuebecks Glad you liked it suebecks! Feel free to share with your students if you feel it fits the coursework!

  2. thesuebecks says on July 30th, 2010 at 3:11 pm :

    This is the first of your Modelling Masters vids I have watched and it was great! I can see great potential in showing these to students on a leadership and teamwork module I co-teach (Higher Ed). Irrespective of course discipline, you provide clear and valuable pointers to follow and learn from.
    (@suebecks – HE Educational Developer)

  3. ModelingTheMasters says on July 30th, 2010 at 3:53 pm :

    @cartouche Thanks cartouche – glad you enjoyed! Good luck with your own video!

  4. cartouche says on July 30th, 2010 at 4:19 pm :

    Good job Evan. I am preparing a video for a business coach and found your video here. Keep up the good work!

Leave a Reply