Careers of Jr Booth and Frederick Weyhauser

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At the beginning of the nineteenth century, the timber industry had replaced the fur trade as the economic engine of British North America . The railroad expansion was also reducing the cost and time of timber transportation. Successful industrialists are known for seizing the opportunities at the right time and have the mindset to create a successful venture. The extraordinary entrepreneurial success stories of the early twentieth century are marked by two industrialists John Rudolphus Booth and Frederick Weyerhaeuser who made their fortune in the lumber industry. When comparing and contrasting the progression of their careers, they both strongly depict attitudes and behaviours of a successful entrepreneur. Their unique leadership styles were instrumental in shaping them as prominent figures of their respective countries. Mr. Booth a self made businessman in the log industry, with an estimated fortune of 100 million (year 1925), was addressed as “one of the fathers of Canada” by Prime Minister William Lyon Mackenzie King. Similarly, Mr. Weyerhaeuser started business in the log industry with a little investment of $500 dollars. He emerged as the wealthiest private individual in early twentieth century, and earned the title of “Lumber King” . He was also known for his contribution towards the development of the great West. Mr. Booth and Mr. Weyerhaeuser became very successful industrialists with the common traits of entrepreneurs, including strong leadership, determination, and risk-taking, yet they had different attitudes towards nurturing high potential venture opportunities. Both industrialists displayed strong leadership qualities throughout their careers. They were truly self starters who built empires with their own meagre capital. Despite their modest elementary educations, they were superior learners and teachers, who not only knew the business too well,

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