Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

Ray Kroc

đŸ‘€ Speaker
802 total appearances

Appearances Over Time

Podcast Appearances

The Knowledge Project
How McDonald’s Took Over America | Ray Kroc [Outliers]

Their pictures even appeared on sheet music covers.

The Knowledge Project
How McDonald’s Took Over America | Ray Kroc [Outliers]

Up at 7, selling until 5.30, on the air from 6 until 2, maybe four hours of sleep if he was lucky, six days a week.

The Knowledge Project
How McDonald’s Took Over America | Ray Kroc [Outliers]

Then winter came and his sales collapsed.

The Knowledge Project
How McDonald’s Took Over America | Ray Kroc [Outliers]

Cold beverages just didn't sell in Chicago winters.

The Knowledge Project
How McDonald’s Took Over America | Ray Kroc [Outliers]

So Kroc watched his customers stop buying because their own businesses had dried up.

The Knowledge Project
How McDonald’s Took Over America | Ray Kroc [Outliers]

He was an honest hustler.

The Knowledge Project
How McDonald’s Took Over America | Ray Kroc [Outliers]

He couldn't push products on people who didn't need them.

The Knowledge Project
How McDonald’s Took Over America | Ray Kroc [Outliers]

But he hated collecting a salary he felt he hadn't earned.

The Knowledge Project
How McDonald’s Took Over America | Ray Kroc [Outliers]

Felt like a violation of the meritocracy he believed in.

The Knowledge Project
How McDonald’s Took Over America | Ray Kroc [Outliers]

In order to focus on paper cups, he cut the piano.

The Knowledge Project
How McDonald’s Took Over America | Ray Kroc [Outliers]

And while this sounds like a simple decision, it wasn't.

The Knowledge Project
How McDonald’s Took Over America | Ray Kroc [Outliers]

The piano was something he loved, something he was good at, something that brought in money.

The Knowledge Project
How McDonald’s Took Over America | Ray Kroc [Outliers]

But he decided it was a distraction.

The Knowledge Project
How McDonald’s Took Over America | Ray Kroc [Outliers]

From now on, he would live and breathe paper cups.

The Knowledge Project
How McDonald’s Took Over America | Ray Kroc [Outliers]

And in the paper cup business, you quickly learn the margin on a single cup is negligible.

The Knowledge Project
How McDonald’s Took Over America | Ray Kroc [Outliers]

You had to sell a mountain of them to make any money.

The Knowledge Project
How McDonald’s Took Over America | Ray Kroc [Outliers]

And to do that, you had to find leverage.

The Knowledge Project
How McDonald’s Took Over America | Ray Kroc [Outliers]

So Ray started hunting.

The Knowledge Project
How McDonald’s Took Over America | Ray Kroc [Outliers]

In 1930, he found his leverage at Walgreens drugstores.

The Knowledge Project
How McDonald’s Took Over America | Ray Kroc [Outliers]

Walgreens was expanding fast and their soda fountains were a zoo at lunch hour.