July 2009
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TD Magazine

Entrepreneurial Learning: Secret Ingredients for Business Success

Thursday, July 16, 2009

In 1954, a milkshake machine salesman named Ray Kroc negotiated a deal with the McDonald brothers to take their restaurant concept national. In the first franchise, opened near Kroc's home in Chicago, he and partner Art Jacobs attempted to perfect important aspects of the McDonald brothers' operation. Although the restaurant made money from the start, the new owners encountered a significant problem: they could not duplicate the unique McDonald's french fry.

After extensive trial an


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