Founder of Dunkin’ Donuts
“Show me a person who never made a mistake, and I will show you a person who never did anything.”
In the 1940s, William Rosenberg founded Industrial Luncheon Services using $1,500 in war bonds and $1,000 in borrowed seed capital. Following its success, and noticing that a significant percentage of revenues came from coffee and doughnuts, Rosenberg founded the Dunkin’ Donuts franchise in 1950. Dunkin’ Donuts is now represented in 32 countries with more than 10,000 locations. In 1959, Rosenberg and a group of entrepreneurs met to discuss the future of franchising and founded the International Franchise Association.