MacDonald's Burger: How it Started
Description
Vocal Characteristics
Language
EnglishVoice Age
Senior (55+)Accents
North American (General)Transcript
Note: Transcripts are generated using speech recognition software and may contain errors.
All of us know mcdonald's the largest fast food restaurant in the world, but not everyone knows Ray Croc Ray was one of three partners interested in a nationwide franchise of restaurants that sold hamburgers. After six years of being in business, Ray bought out the mcdonald brothers and became the sole owner of the mcdonald's. We know today. What's more interesting is that Ray relied heavily on cash value life insurance to store money. It played a major role in getting the company off the ground for the first eight years. Ray did not take a salary and made good use of his two cash value life insurance policies to help overcome constant cash flow problems. He used them to help cover the salaries of key employees to pay for unforeseen expenses. And he even used some of the money to create an advertising campaign around the infamous Ronald mcdonald. Today mcdonald's serves more than 50 million people every day with more than 30,000 locations around the world. Much of the success of mcdonald's can be attributed to raise wise use of cash value life insurance.