Ateneo Professor on Entrepreneurship
From Inc by Maegham Ouimet
Mike Roberts, former President and COO of McDonald's used to run 3l,000 restaurants worldwide.
After retiring, he seem fit to start his own chain from single restaurant in Palo Alto California called LYFE Kitchen (Love Your Food Everyday). He raised $l5 million dollars from from 120 investors to start this healthy food restaurant. It will not be selling fries and burgers.
Roberts this early is planning to expand in major cities: NY and Chicago.
We wish Mike Roberts with his LYFE kitchen.
Showing posts with label Mcdonald. Show all posts
Showing posts with label Mcdonald. Show all posts
Tuesday, September 18, 2012
Tuesday, August 23, 2011
We Will Expand only when we have Mastered the Task of Cleaning Toilets
Our generation needs an ENTREPRENEURIAL REVOLUTION.
This is a in important lesson from McDonalds which I learned early on as an entrepreneur. This is a lesson on focus and relevance. The executives of McDo emphasized that they will expand only on other businesses when they have mastered the "art" (task) of cleaning toilets. This looks a simple task enough which apparently they failed to achieve for a long long time.
They did expand into McCafe. But it was just recently. Some serial entrepreneurs fall into this trap of over expanding into unrelated ventures and then fail.
Focus focus focus
This is a in important lesson from McDonalds which I learned early on as an entrepreneur. This is a lesson on focus and relevance. The executives of McDo emphasized that they will expand only on other businesses when they have mastered the "art" (task) of cleaning toilets. This looks a simple task enough which apparently they failed to achieve for a long long time.
They did expand into McCafe. But it was just recently. Some serial entrepreneurs fall into this trap of over expanding into unrelated ventures and then fail.
Focus focus focus
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