학술논문

Lessons from a Master. (cover story)
Document Type
Article
Author
Source
BC Business; Oct2003, Vol. 31 Issue 10, p48, 2p, 1 Color Photograph
Subject
BUSINESSPEOPLE
ENTREPRENEURSHIP
AWARDS
Language
ISSN
0829481X
Abstract
At age 81, Tom Foord, the president of Kal Tire, is the most senior award winner of 2003, but the challenges he faced as founder of the company, and the lessons he learned from them, couldn't be more relevant to all entrepreneurs. Following his air force service in the Second World War, Foord took a job as a truck driver for Home Oil Co. in Vernon. Five years later the company presented him with a life-defining decision, an important promotion requiring a move to Vancouver, British Columbia. He chose to forego the security of employment, instead buying a bankrupt service station with money withdrawn from his pension plan and borrowed from his father and father-in-law. His first lesson in entrepreneurialism quickly followed: sometimes there's a good reason a business is bankrupt.

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