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Ray Kroc did not start McDonald's (NYSE: MCD). But he was the one that had the vision and energy to turn it into a global powerhouse.

Back in 1977, Kroc wrote a book about his story, called Grinding It Out: The Making Of McDonald's. The title is appropriate. You see, he did not get involved in McDonald's until he was 52 (in 1954).

Entrepreneur's Journal: Fundamental business lessons from McDonald's Ray Kroc