Chapter 3 Reflection

What I learned in this chapter is more things about being an entrepreneur. Ive learned that you don't need to start your own business to be an entrepreneur. You can buy franchise's from other company's and run that particular resturant or store. Doing this will be alot easier since the employees are already trained equipment is already there. I've also learned about the different entrepreneurial trends, such as internet, home-based. Some of the other things Ive leraned from this chapter is about Mc Donalds. Ive discovered that Ray Kroc bought Mc Donalds from the McDonalds brothers for $2.7mil. When he bought them out Mc Donalds blew up they had 800+ stores around that time, today their are more than 30,000 resturants serving 50 million people in 119 countries. I also leraned about how people buy the franchises and whats their roles after they buy the franchise.