If you’ve ever asked yourself, “Who is Ray Kroc?”, or you wanted to know how he was able to achieve the things he did, then you’re in the right place. Here, you’ll get a biography, quotes, and actionable takeaways to apply to your business.
So many entrepreneurs put things off because they say:
“I’ll do X after I have kids”
“I’ll do X when my kids go away to school”
“I’ll do X after I get married”
or, “I’ll do X when I have X amount of money”
The list goes on and on of the excuses we make surrounding the “perfect timing” to achieve our goals. Unfortunately, some people never reach that “perfect timing”, and as a result, the additional milestones they’ve set that succeed the firsts are never accomplished. As a result, the grave is much more rich in hopes and dreams than it should be.
These unmanifested hopes and dreams could’ve drastically changed our world, but the inventions, trademarks, businesses, and advocates never saw the “perfect timing”. To avoid falling prey to the “perfect timing” fallacy, I like to study people like Ray Kroc, and let me tell you why…
Who is Ray Kroc? | The Ray Kroc Bio
Ray Kroc is the founder of the McDonald’s franchise. He was a paper cup salesman for a large portion of his working life, then moved on to become a milkshake machine salesman.
In 1954, he visited a restaurant in San Bernadino, California and fell in love! He saw the quick service, high quality, and raving fans of restaurant owners, Dick and Mac McDonald, and envisioned the concept exploding into franchises all over. At the time Dick and Mac were unsuccessful with growing the franchise concept of McDonald’s and Ray requested to lead the growth of the franchise portion of the company.
In his 50s, far after the point Kroc thought he’d achieve his ideal lifestyle, he was starting a new career growing McDonald’s, but it was a success! In 1955, he founded The McDonald’s System Inc. and later followed that with the purchase of the McDonald’s name and operating system.
He drastically grew McDonald’s by selling it as a vehicle to achieve the ideal lifestyle for many franchisees and living up to the promise. Franchisees bought McDonald’s franchises for hundreds of thousands of dollars, and the brand has spread throughout the world.
As a result of Ray Kroc’s work on building the McDonald’s franchise concept, these interesting stats exist…
- McDonald’s has 69 million customers per day
- There are 14,155+ McDonald’s locations in the US
- There are more than 37,000 McDonald’s locations in the world
- McDonald’s sells 75+ burgers per minute
- They sell 9 million+ pounds of fries daily
- and, they employ over 1.5 million people
Some Takeaways From Ray Kroc on Perfect Timing
Ray Kroc was in his 50s when he first saw McDonald’s! Prior to McDonald’s, he had no notable professional background.
Many people have an age, a family situation, or some other criteria they’d like to meet before, after, or on route to success, but it doesn’t always happen as you’d like. Ray Kroc did not use age as an excuse to be successful. When he saw the McDonald’s idea, he took it and ran! Similarly, Estee Lauder said, she worked very hard to achieve her success: spending decades working day and night.
Once you find your foundational idea, put your best your all into it everyday and focus on making it the best you can.
When Ray Kroc found McDonald’s and became inspired to spread the franchises all over the world, he worked hard to find opportunities and people who would be interested in doing business with him. As a result of his laser focus on selling the McDonald’s concept globally, the McDonald’s franchise feeds millions of people every day.
Ray Kroc Quotes
“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.” – Ray Kroc
“While formal schooling is an important advantage, it is not a guarantee of success nor is its absence a fatal handicap.” – Ray Kroc
“Adversity can strengthen you if you have the will to grind it out.” – Ray Kroc
“Luck is a dividend of sweat. The more you sweat, the luckier you get.” – Ray Kroc
“If anyone stood to gain by our success and suffer if we failed, it was our suppliers.” – Ray Kroc
“There’s almost nothing you can’t accomplish if you set your mind to it.” – Ray Kroc
“It’s a matter of having principles. It’s easy to have principles when you’re rich. The important thing is to have principles when you’re poor.” – Ray Kroc
“The quality of a leader is reflected in the standards they set for themselves.” – Ray Kroc
“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.” – Ray Kroc
“If you’re not a risk taker, you should get the hell out of business.” – Ray Kroc
Recommendations For More on Ray Kroc
There are many more lessons to learn from Ray Kroc on business, mindset, work ethic, and many more things. If you haven’t checked out these resources, you should definitely check them out now.
Grinding it Out by Ray Kroc
The Founder | A Video Documentary
Who is Ray Kroc? | A Video Playlist
This playlist has some great lectures and documentaries with lessons from Ray Kroc. Check it out!
The goal of this article was to show how you can achieve success even if things aren’t fitting into your “perfect timing”. Ray Kroc is a great example of taking an opportunity even if it didn’t come at his “perfect timing”. If you have questions or concerns about this, don’t hesitate to leave them in the comments section. I’d love to help you out!
If you like what you saw here and you want to work with us to start or scale your business, check out my free e-course. It’s a framework to grow a business: from idea to enterprise. Check out the free e-course here.
Now, it’s Your Turn…
What lessons did you learn from this Ray Kroc bio? Which quote was your favorite? Leave your comments and questions below.