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).

What I like about Kroc's book is that he has some simple advice for building a successful business. And, it's always a good idea to look at the fundamentals. So, here are some of the takeaways:

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

Entrepreneur's Journal: Fundamental business lessons from McDonald's Ray Kroc originally appeared on BloggingStocks on Sun, 18 Oct 2009 17:40:00 EST. Please see our terms for use of feeds.

• Diluted EPS increased 81.8% to $0.60
• Revenue increased 33.9% to $274.3 million
• Comparable restaurant sales increased 11.6% -- Wow!
• Restaurant level operating margins increased 150 basis points to 23.2% -- Massive!
• Net income increased 85.1% to $20.0 million -- Not too shabby!

Chipotle Mexican Grill serving up hot results originally appeared on BloggingStocks on Wed, 01 Aug 2007 08:15:00 EST. Please see our terms for use of feeds.