1. Profile of an Entrepreneur By: Mrs. Whittekiend

2. Entrepreneurship: An entrepreneur is a person who takes the risk of starting their own business.

3. A famous/successful entrepreneur: Ray A. Kroc

4. Interesting Facts about Ray A. Kroc Born in 1902 In 1955, at age 52 he acquired franchising rights from the McDonald’s brothers In 1961 he bought out the McDonald’s brothers for $2.7 million Is often called the “Henry Ford” of the hamburger industry Served as McDonald’s Corporation chairman from 1955 until 1977, when he was named “senior chairman” In 1974 he purchased the San Diego Padres Through the years he was involved in many charitable activities Prestigious award winner: Horatio Alger Award (1972), The Presidential Star (1972), American of the Year (1973) Inducted into the Advertising Hall of Fame in 1988 Died in 1984

5. Identify & describe the good/service that was introduced: He purchased the franchising rights from the McDonald’s brothers in 1955. McDonald’s is the world’s largest quick-serve restaurant organization. “We take the hamburger business more seriously than anyone else.” - - Ray A. Kroc

6. Unique characteristics of the good/service: Good/hot food FAST Produced in an assembly line fashion Efficient food production Dedicated to quality, service, cleanliness, and value Original ideas and recipes

7. Traits or characteristics of Ray A. Kroc: Hard worker Risk taker Wanted others to be successful as well Innovative Self-confident Strong leader

8. Benefits or impacts of the new good/service on society: Changed the eating habits of most Americans Convenient fast food Appeals to the “busy” person Socially responsible corporation Charities (Ronald McDonald House) Education Environment Animal Welfare Quality and Safety

9. The first McDonald’s restaurant, Des Plaines, Illinois