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The Story of Ray and the Multimixer
The author's father sold paper cups for 17 years. One of his customers was going to invent the multimixer, which made big volume milkshake production possible. He got caught up in a huge speculative bubble and died from a cerebral hemorrhage when he couldn't sell land worth less than he owned.
What I learned from rereading Grinding It Out: The Making of McDonald's by Ray Kroc.
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[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.
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