logo
episode-header-image
Mar 2023
52m 14s

#293: Ray Kroc (The Making of McDonald's...

David Senra
About this episode

What I learned from rereading Grinding It Out: The Making of McDonald's by Ray Kroc.

----

Get access to the World’s Most Valuable Notebook for Founders at Founders Notes

----

Follow Founders Podcast on YouTube 

----

Follow one of my favorite podcasts Invest Like The Best !

[2:00] I have always believed that each man makes his own happiness and is responsible for his own problems.

[4:00] I was fascinated by the simplicity and effectiveness of the system they described that night.Each step in producing the limited menu was stripped down to its essence and accomplished with a minimum of effort.

[5:00] When I flew back to Chicago that fateful day in 1954, I had a freshly signed contract with the McDonald brothers in my briefcase. I was a battle-scarred veteran of the business wars, but I was still eager to go into action. I was 52 years old. I had diabetes and incipient arthritis. I had lost my gall bladder and most of my thyroid gland in earlier campaigns. But I was convinced that the best was ahead of me.

[6:00] It’s not what you do it’s how you do it:

Ralph Lauren: The Man Behind the Mystique by Jeffrey Trachtenberg. (Founders #288)

Hard Drive: Bill Gates and the Making of the Microsoft Empire by James Wallace and Jim Erickson. (Founders #290)

The Invisible Billionaire: Daniel Ludwig by Jerry Shields. (Founders #292)

[8:00] I never considered my dreams wasted energy. They were invariably linked to some form of action.

[10:00] For me, work was play.

[13:00] I vowed that this was going to be my only job. I was going to make my living at it and to hell with moonlighting of any kind. I intended to devote every ounce of my energy to selling, and that's exactly what I did.

[14:00] Francis Ford Coppola: A Filmmaker's Life by Michael Schumacher. (Founders #242)

[20:00] This was the first phase of grinding it out—building my personal monument to capitalism. I paid tribute, in the feudal sense, for many years before I was able to rise with McDonald's on the foundation I had laid.

[21:00] Make every detail perfect and limit the number of details to perfect.

[26:00] I was putting every cent I had and all I could borrow into this project.

[28:00] Perfection is very difficult to achieve and perfection was what I wanted in McDonald's. Everything else was secondary.

[29:00] If my competitor was drowning, I'd put a hose in his mouth.

[44:00] Titan: The Life of John D. Rockefeller by Ron Chernow. (Founders #248)

John D: The Founding Father of the Rockefellers by David Freeman Hawke. (Founders #254)

[47:00] The advertising campaign we put together was a smash hit. It turned Californians into our parking lots as though blindfolds had been removed from their eyes.

[48:00] Authority should go with the job.

----

Get access to the World’s Most Valuable Notebook for Founders at Founders Notes

----

Follow Founders Podcast on YouTube 

----

Join my free email newsletter to get my top 10 highlights from every book

----

I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — Gareth

Be like Gareth. Buy a book: All the books featured on Founders Podcast

Up next
Yesterday
My Conversation with Michael Dell
I’ve started a new show where I have conversations with the greatest living Founders. The show is called David Senra. It will be on a separate podcast feed from Founders. So it is very important that you follow David Senra on Spotify, Apple Podcasts, YouTube, or wherever you're l ... Show More
1h 31m
Oct 5
#402 Thomas Peterffy: The $80 Billion Founder Who Automates Everything
I didn’t know who Thomas Peterffy was. I was shocked to learn that he is 81 years old, worth $80 billion dollars, and has built his $120 billion company, Interactive Brokers, into one of the most efficient companies in the world. I discovered Peterffy by reading this incredible p ... Show More
31m 57s
Sep 28
My conversation with Daniel Ek: Founder of Spotify
I started a new show so I can have long-form conversations with the greatest living founders. You can watch on Spotify, Apple Podcasts, YouTube, X, or the web. The new show is on a separate feed so don't forget to follow David Senra so you don't miss future episodes. Nothing is c ... Show More
2h 9m
Recommended Episodes
Jan 2024
106: Building Blocks of Civilization: How the World Really Works
“Modern economies will always be tied to massive material flows, whether those of ammonia-based fertilizers to feed the still-growing global population; plastics, steel, and cement needed for new tools, machines, structures, and infrastructures; or new inputs required to produce ... Show More
1h 18m
Feb 2024
#723: In Case You Missed It: January 2024 Recap of "The Tim Ferriss Show"
This episode is brought to you by 5-Bullet Friday, my very own email newsletter.Welcome to another episode of The Tim Ferriss Show, where it is my job to deconstruct world-class performers to tease out the routines, habits, et cetera that you can apply to your own life. This is a ... Show More
48m 19s
Feb 2024
TIP609: Fooled by Randomness by Nassim Taleb
On today’s episode, Clay reviews Nassim Taleb’s book – Fooled by Randomness.Nassim Taleb is a Lebanon-born American mathematician and statistician whose work concerns problems of randomness, probability, and uncertainty. He’s very well known for his popular books, including The B ... Show More
1 h
Jun 2023
More Than You Ever Really Wanted to Know About Sewers (Encore)
Sometimes the most important things are things we don’t even want to think about let alone talk about. The issue of handling and removing human waste and dirty water is one such problem that has confronted humans since the dawn of time. The elimination of waste and excess water w ... Show More
11m 15s
Feb 2024
S20 Ep19: NoSleep Podcast S20E19
It’s Episode 19 of Season 20. Come join us around the campfire for tales about scary schooling. “Detention” written by Jordan Underhill (Story starts around 00:03:25) Produced by: Phil Michalski Cast: Narrator – Kyle Akers, Mr. Thompson – Atticus Jackson “Moooooooooom… Something ... Show More
1h 9m
Feb 2024
The Single Hardest Entrepreneurial Habit | Ep 677
“You can't have any kind of habitual habits or output if the one thing that starts or ends your day is variable.” Today, Alex (@AlexHormozi) emphasizes the importance of maintaining a stable sleep routine for entrepreneurs to optimize their energy levels, make better judgments, a ... Show More
13m 47s
Feb 2024
The Pledge: Who Really Wrote the Pledge of Allegiance?
In today's Episode, Dana, Zaron and Jason tackle a 130-year-old mystery. Although American schoolchildren still recite The Pledge every morning in nearly every classroom, we still aren't sure who actually wrote it. And all these years later, the long-accepted story is showing som ... Show More
46m 18s
Jan 2024
1055: Paula Haines CEO Freedom a la Cart
Paula Haines is the CEO of Freedom a la Cart. Paula Haines graduated college with a degree in marketing. Freedom a la Cart is a nonprofit that empowers women of Ohio who are survivors of sex trafficking and exploitation. The cafe and catering business gives these women workforce ... Show More
1h 32m
Feb 2024
TIP610: Mastermind Q1, 2024 w/ Tobias Carlisle and Hari Ramachandra
In today's episode, Stig Brodersen speaks to Tobias Carlisle and Hari Ramachandra. Stig only owns five individual stocks, and in this episode, he outlines why he is still bullish on Spotify. Hari’s pick, Disney, has recently been extremely volatile, and Tobias pitches Mueller Ind ... Show More
1h 26m
Apr 2025
The Happy Pod: Creating 'Christina's Corner'
After Dave's video rental store was forced to close, he created a space for his most loyal customer, Christina, so she could stick to her vital daily routine. Also: why millions of people are tuning in to watch the moose migration and what's the secret to 70 years of marriage? 
26m 39s