Besides founding The Business of Good, entrepreneur and philanthropist Timothy F. McCarthy has started three successful businesses.
He earned his bachelor of arts in 1975 and his master of business administration in 2007, both from The Ohio State University. He also received the Ernst and Young’s Entrepreneur of the Year award and was named The Ohio State University Fisher College of Business Alumnus of the Year for Community Service.
He started his first company, WorkPlace Media, in 1988, and grew it into the largest at-work consumer media company in the U.S. before selling it in 2007 to to a private equity firm. McCarthy repurchased the company in 2013, and it continues to serve national clients such as Nestle, McDonald’s, Goodyear, Starbucks, Wrigley, and Pfizer. His started his second company, Raising Cane’s of Ohio, in 2003 with his son, Tim. It has since grown to include 13 restaurants, grossing over $30 million sales in 2013 alone. With distiller Tom Lix, McCarthy helped launch The Cleveland Whiskey Company in 2012.
With proceeds from his original sale of WorkPlace Media, McCarthy was able to transform his first philanthropic undertaking — “A Free Hand” — by endowing The Business of Good Foundation with sufficient working capital to further his passion for “serving those who serve the poor.” The foundation provides coaching, consulting, and other business related support to nonprofits that help economically and socially disadvantaged people build their self-esteem and empower them through education, employment, and entrepreneurship to advance their hopes, lives, and dreams.
McCarthy now resides in Geneva, Ohio, with his wife, Alice. They have three grown children, Tim, Kevin and Caitlin and delight in sharing pictures of their three grandchildren Rowan, Noah Joseph and Rose Alice.