Failed Businesses
What was the first failed business idea of Tim Horton?
Hamburger restaurant
Which of Tim Horton's traits helped him keep going even after failing in two businesses?
Persistence
When did Tim Hortons originally open? (year)
1964
Where was Tim Hortons first location? (City and Province)
Hamilton, Ontario
Why did his first business idea fail?
Because the market was too competitive/intense competition
What trait does Tim Horton learn to have to become an entrepreneur?
Risk taking
How did Tim Hortons die?
Car accident
How many countries have a Tim Hortons?
14
Which franchise did Tim Horton own that eventually closed?
Studebaker
What trait made Ron Joyce optimistic in general about supporting Tim Horton?
Why did Tim Hortons introduce Timbits?
Because the inside of the donuts weren't cooking properly so they cut out donut holes. They turned the holes into a products and called them Timbits.
How many locations does Tim Hortons have worldwide?
6,000
Why did Tim Horton fail in the car dealership franchise?
Because the company stopped producing cars so all the other franchise's naturally stopped
What trait allowed Ron Joyce to see potential and a long term possibility/goal in Tim Horton's business?
Visionary
Where did the first location outside of Canada open up? (what state)
New York
How many workers does Tim Hortons have for their Canadian locations?
100,000 workers
Who did he partner with for the burger restaurant before it failed?
Jim Charade
What is a trait both Ron Joyce and Tim Horton have? (Multiple answers could be correct)
Accepted answers: Hard-working, risk takers, persistence
Why did Tim Hortons introduce the smile cookies?
To fundraise money for childrens hospitals
Where is Tim Hortons head office currently located? (City and Province)
Toronto, Ontario