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Famous Canadian Entrepreneur: Tim Horton
Transcript of Famous Canadian Entrepreneur: Tim Horton
Entrepreneur Tim Horton Who is he? History of Tim Horton - Tim Horton was born in Cochrane, Ontario on January 12, 1930
- He was signed to the Toronto Maple Leafs in 1949
- Had a long NHL career one of the steadiest defencemen for a long 22 years in the NHL
played in 1,446 regular season games, scoring 115 goals and 403 assists for a total of 518 points
played 17 full season and 3 partial season for Toronto Maple Leafs
played for New York Rangers, Pittsburgh Penguins, Buffalo Sabres.
was an All-Star player six times
honoured in 1969 with J.P. Bickell Memorial Cup
Some claim Tim invented the slap shot, and he could always be counted on to get the puck out of his own end of the ice with his "heads up" skating style. Founder of How did the company Tim Hortons start? He realized that his hockey career would not last forever
sought to find a clever way to add to his hockey salary.
After many summers of hustling to make an off-season living, Tim decided to try his luck in the coffee and donut business.
The first Tim Hortons franchise opened in 1964 in Hamilton, Ontario on Ottawa Street In 1967, with three restaurants in operation, Tim became full partners with former police officer and franchisee of Tim Hortons Restaurant #1, Ron Joyce.
Horton had become a multi-million dollar franchise system.
He also tried to make a hamburger restaurant and Studebaker auto dealership in Toronto.
Now his name is known all over Canada
Sadly, Tim did not live to witness the chain's great success.
He was traveling back to Buffalo from a game at Maple Leaf Gardens when he was killed in an automobile accident on February 21, 1974.
At the time of Tim's death, there were 40 Tim Hortons restaurants
Upon Horton's death in 1974, his business partner, Ron Joyce, bought out the Horton family's shares for $1 million and took over as sole owner of the existing chain of 40 stores.
Ron Joyce's son married Horton's daughter, returning the Horton family to the company. What entrepreneurial characteristics did Tim Horton have? Some entrepreuneurial characteristics that Tim Horton possessed were:
Risk Taker He was self-directed since he did not take any orders from anyone else to start his company. He did it on his own. He was confident in himself to start a business on his own and with his own money. He was already earning a large salary but he wanted to do more with his money. He was determined to try his luck in the donut and coffee shop business. In the end, he was very successful. As an entrepreneur that started a multi million dollar company, he needed social skills to associate with others. As a hocket player, he was known to be a friendly leader. Tim Horton was very independent as he started the company on his own and later joined in partnership with investor Ron Joyce He was responsible enough to take care of the company on his own! Tim Horton was a hard worker as he spent all his time to invest his money in his creative ideas. He was a risk taker as he risked his own money on the line for the sake of starting his company Tim Hortons It was founded in 1964 in Hamilton, Ontario, by Canadian hockey player Tim Horton Canadian coffee shop known for its coffee and doughnuts. It is also Canada's largest fast food service. Family favourite fast food restaurant! It has improved consumer's lives as it is a quick way to get any meal or a quick coffee or snack. As of July 4th 2010, Tim Hortons had 3,627 systemwide restaurants, including 3,040 in Canada and 587 in the United States. Sources:
TDL Group Corp. and T.H.D. Donut (Delaware), Inc. "Tim Hortons - Tim Horton." Welcome to Tim Hortons. TDL Group Corp. and T.H.D. Donut (Delaware), Inc. Web. 01 June 2011. <http://www.timhortons.com/ca/en/about/bio_timhorton.html>.
Fitzpatrick, Jamie. "Tim Horton - Toronto Maple Leaf Legend and Fast Food Icon." About Hockey - The NHL, the Stanley Cup, Fantasy Hockey, Trade Rumors and More. About.com Guide. Web. 28 May 2011. <http://proicehockey.about.com/od/history/a/tim_horton.htm>.
"Tim Hortons." Wikipedia, the Free Encyclopedia. Wikipedia Org. Web. 30 May 2011. <http://en.wikipedia.org/wiki/Tim_Hortons>. Thanks for watching :)