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Doing business
Doing business
Description
Book Introduction
Ray Kroc's Autobiography: A Symbol of American Entrepreneurship

There is a book that SoftBank Chairman Son Jeong-ui considers his "life bible."
Moreover, even the world's biggest venture industry figures say that they dreamed of starting a business out of admiration for the book's protagonist.


This book, "Doing Business," is Ray Kroc's autobiography, which has inspired countless business leaders around the world.


There are many great businessmen, but not many can say that they have changed the way we live.
Ray Kroc, a symbol of the American entrepreneurial spirit and selected by Time magazine as “the man who changed the way Americans lived in the 20th century.”
What does he mean by 'doing business'?

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index
Recommendations - SoftBank Chairman Masayoshi Son and Uniqlo Chairman Tadashi Yanai
Testimonial - The Success Formula Uniqlo Learned from McDonald's
Appendix - Special Interview with Masayoshi Son and Tadashi Yanai
Introduction: You, too, can launch your business like a rocket.

Chapter 1: At Any Moment in Life, We Can Grow
Chapter 2: I Wanted to Make Money by Selling Things
Chapter 3: Breaking Through the Crucial Channel
Chapter 4: There is no success without risk.
Chapter 5: Perfection is a given in business.
Chapter 6: Delegating Work Means Delegating Authority
Chapter 7: Business Progresses from Part to Whole
Chapter 8: Only Rockets That Can Withstand Propulsion Can Fly
Chapter 9: Sometimes, Taking a Step Requires a High Price
Chapter 10: Easy Ways Don't Last
Chapter 11 Authority Should Be at the Lowest Level
Chapter 12: When a Recession Is the Right Time to Work
Chapter 13: Business is not something you can hang on the wall and admire like a painting.
Chapter 14: How You Spend Your Money Is Just as Important as Earning It
Chapter 15: The Only Path to Economic Freedom

Concluding remarks

Into the book
We were pioneering a new business and had to make many fundamental and fundamental decisions that would shape our future for a considerable period of time.
In fact, this is the greatest joy from a manager's perspective.
It's fascinating to watch what I've created grow.
Of course, there are risks involved.
Because one small mistake can lead to unbearable destruction.
That's why I define a manager as someone who rarely makes such mistakes.
--- p.141

People are often surprised to hear that I started McDonald's at age 52 and became rich overnight.
But I'm not much different from the stars who appeared like comets in the entertainment industry.
They work silently in the background for years, and when the time comes, they achieve great success.
It may be true that I sat on a pile of money overnight, but behind that were 30 long nights.
--- p.169

“Hey, Frank.
You may be able to tie these people's hands and feet with your favorite "ifs," "buts," and "on the other hand," but that doesn't help the businessman at all.
Do you know what the biggest driver of loyalty in this business is?
It's a relationship where if I deal fairly and honestly, the other person makes money, and if he doesn't make money, I'm left penniless.
I'll do anything I can to help them, anything that will make them money.
As long as I do that, I won't be ruined." --- p.270

Achievement can only be achieved by facing the possibility of failure, the risk of defeat.
There is no sense of accomplishment in walking on a rope laid on the floor.
There can be no pride in achieving something when there is no risk.
So there is no happiness.

The only way we can progress is by moving forward with a pioneering spirit.
We must accept the risks inherent in the free enterprise system.
That is the only way to economic freedom.
There is no other way.

--- p.325

Publisher's Review
There are many great entrepreneurs, but not many who have changed the way people live.
Esquire magazine selected Ray Kroc as one of the "greatest contributors to the American way of life in the 20th century," explaining:


“Columbus discovered America, Jefferson founded the United States, and Ray Kroc captured the American palate with the Big Mac.”

The person who popularized the hamburger, which was once a common menu item in American restaurants, to the point where it can be found in North Korea is Ray Kroc, the founder of McDonald's.
Just as Steve Jobs didn't invent the smartphone, but opened the era of smartphones, Ray Kroc didn't invent the hamburger, but he captured the world's taste buds with it.

But his more significant achievement was that he created the franchise system and created a new industry.
And it gave tens of thousands of store owners the freedom to run their own businesses as independent entrepreneurs.
What made them millionaires was the gift that came with freedom.

McDonald's has grown into a global company that currently employs 18 million people in 35,000 restaurants across 120 countries and serves 69 million customers every day.
The expression "McDonald's Empire" is not an exaggeration, as the "Big Mac Index" is used as a key indicator for measuring prices in each country.


At an age when others are thinking about retirement, he is pioneering an adventurous business.
Ray Kroc, who ran a milkshake mixer company, was 52 years old when he set foot in a 18-square-foot restaurant in a rural California town.
As he put it, he was a 'veteran with many scars from the battlefield of business' and suffered from diabetes and arthritis.
But the moment I see the McDonald brothers' restaurant, I picture McDonald's branches popping up all over America.
It was an age when others would be thinking about retirement.
But Ray Kroc decides to launch the McDonald's, risking failure, just as he launches a rocket into the sky with the risk of explosion.


When graduate students at Dartmouth College asked Kroc how to start a venture business, he replied:

“Nothing comes for free.
You have to take risks.
I'm not saying you should rush into something reckless.
That's crazy.
But you have to take risks.
Sometimes you have to risk everything you have.
When you are sure about something, you have to give it your all, body and mind.
Taking risks, reasonable risks, is part of the challenge.
“It’s a fun thing.” - From the text

The success of the franchise owner is my success.
He maintained the perspective that 'the success of the franchise owner directly leads to my success.'
McDonald's core value of growing together with franchisees by guiding them to succeed as independent business owners has served as a powerful driving force behind the company's growth.
While many latecomers have encountered operational and financial problems due to their greed for the role of suppliers, this company has never had such problems, and has been able to avoid difficulties faced by other franchise companies due to monopoly regulations and continue to thrive.

“You cannot make a profit by taking someone as your partner and at the same time selling something to him.
Once you become a supplier, you become more concerned with what you have to sell him than how his business is doing.
You may be tempted to offer slightly lower quality products to increase your profits.
If this happens, the franchisee will suffer losses, and in the end, the losses will come back to me.” _ From the text

The only power that matters is perseverance and determination.
Ray Kroc, in his secret to success, says that no pioneering spirit or great challenge can be effective without the power of perseverance.

“Talent alone won’t do.
There are many people in the world who are talented but have not achieved success.
Even education won't do it.
The world is full of highly educated losers.
Genius is useless.
There are many geniuses who don't live up to their reputation.
“Only perseverance and determination have the power to be omnipotent.” _ From the text

Ray Kroc's entrepreneurial spirit has served as a role model for many colleagues and junior executives, including SoftBank Chairman Masayoshi Son.
Tadashi Yanai said that he felt that the essence of business was contained in the words of Kroc, “Be darling, Be first, Be different,” so he wrote those words down in a notebook and engraved them in his mind over and over again.

Ray Kroc's example is called the symbol of the American venture spirit.
He embarked on a life-changing adventure at the age of 50, had the greatest dreams a businessman could have, and achieved everything a business could achieve.
This book will be invaluable to anyone who wants to learn the fundamentals and core of business and to anyone who dreams of starting their own business.
GOODS SPECIFICS
- Date of issue: May 31, 2019
- Page count, weight, size: 352 pages | 566g | 148*210*20mm
- ISBN13: 9791196621957
- ISBN10: 1196621950

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