Ray Kroc is the man behind the multimillion dollar fast food empire, MacDonald’s.
In his life, he has built the fast food chain from a simple hamburger restaurant to a multi-billion dollar franchise that has reached almost every part of the world today.
A Short History
Ray Kroc was born in 1902 in the city of Illinois. He had grown up to be a brash, enthusiastic young man who was a visionary and a salesman.
During World War I, although he was underage, he still signed up to be trained as a ambulance driver, but he never made to the front lines as the war ended before his training did.
After the war, he worked in many professions as a paper cup salesman, a pianist, a musician as well as at the Chicago Radio Station.
His breakthrough came with his fascination with the multi-mixers. He saw the potential in the McDonald’s brothers’ hamburger restaurant in churning out burgers after burgers like clockwork.
He suggested expansion to the brothers and volunteered to be the person to expand the restaurant chain. He saw great potential in the concept that the brothers did not.
Eventually he would buy over the restaurant from the brothers at $2.7 million. Ray Kroc would revolutionize the dining industry by created an assembly line method of selling his burgers that would be standardized throughout the world.
By 1963, McDonald’s would have sold its 1 billionth burger and open its 500th restaurant.
At the end of his life in 1984, Ray Kroc amassed a personal fortune of $500 million, and in 2007, the McDonald’s Corporation that he founded had achieved a revenue of $22 billion.
Awards and Honours
These are some awards that Ray Kroc has been noted for:
- Time 100: The Most Important People of the Century
- The Ray Kroc Award, an award given to Macdonald’s top 1% managers, is named after him.
Leadership Lessons from Ray Kroc
1. Having a big vision
While the McDonald’s brothers only saw a small restaurant business, Ray Kroc had much bigger plans in his mind. He had a great vision for what McDonald’s could become. With that vision, he spoke to the McDonald’s brothers to buy shares of the company.
He first envisioned 8 of these restaurants churning out burgers and making a steady stream of cash immediately, today, the McDonald’s arch is one of the most recognized logo in the world.
Through his vision, he became one of the foremost business leaders of the world. While others see limitations, a leader sees opportunity and possibility.
2. Commitment to Excellence
Ray Kroc has an obsession for cleanliness in his restaurants and he is known for being extremely particular about every corner of his restaurants. He expected every employee to be as committed to the cleanliness and excellence in his restaurant as he was.
I believe that this is one of the great traits of a leader as well: to be committed to every single detail in your plans, your events and so on. Your commitment to this details is your commitment to excellence and it will set you one notch above your competition.
What’s more, having a commitment to excellence will also compel your followers to live up to that same standard as you. When you set the standard with your personal example, you can expect to build a great organization.
Books about Ray Kroc
Quotes from Ray Kroc
“Luck is a dividend of sweat. The more you sweat, the luckier you get.”
“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.”
“All money means to me is a pride in accomplishment.”
“We take the hamburger business more seriously than anyone else.”
“When you’re green, your growing. When you’re ripe, you rot.”
“While formal schooling is an important advantage, it is not a guarantee of success nor is its absence a fatal handicap.”
“You’re only as good as the people you hire.”
“The quality of a leader is reflected in the standards they set for themselves.”
“Its easy to have principles when you’re rich. The important thing is to have principles when you’re poor.”
“Creativity is a highfalutin word for the work I have to do between now and Tuesday.”
“If you work just for money, you’ll never make it, but if you love what you’re doing and you always put the customer first, success will be yours.”
“If you’re not a risk taker, you should get the hell out of business.”
“None of us is as good as all of us.”
Ray Kroc Leadership Video
This is a video on the history of Macdonald’s.
More Business Leader Profiles
For leadership profiles of other famous business leaders, including Steve Jobs, Oprah Winfrey, and Warren Buffett, check out our Business Leadership Profiles section.
If you liked this profile, you’ll love our Leadership Profiles book series. In each book, we study 10 influential leaders in Business, Military, Politics and Sports.