Tim Patton, CEO at Patton Holdings, Episode 205
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Tim Patton is the CEO of Patton Holdings, a prominent company based in Ann Arbor. Recognizing the inefficiencies of the commercial airline sector, Tim, with his three-decade-long experience in commercial flight travel, founded Flagship Private Air, a subsidiary of Patton Holdings. This private airline, operating from the Ann Arbor Municipal Airport, is a testament to Patton Holdings' innovative approach to addressing market gaps.
On the Wow Factor this week, Tim Patton joins us to share the horrific accident he was in as a young man that shaped the onward trajectory of his life. He describes how the traumatic brain injury and shocking bereavement impacted him and drove him to pursue professional success. We also dive into how Tim got his first job when he decided that entrepreneurship was for him and why it was so important to him to create a culture of giving in his companies.
“If you stick to it, you'll find your way.” - Tim Patton
“When you start businesses, it takes three times as long as you think to be successful, and at least twice as much cash.” - Tim Patton
“This is the greatest country in the world - it’s the land of opportunity.” - Tim Patton
This Week on The Wow Factor:
The traumatic accident that Tim suffered as a young man that still has an enormous impact on him today
How Tim got an internship at Vicks that changed his upward trajectory and how it helped him to secure post-university work in the healthcare niche
The wonderful moral lesson that he was taught by a mentor in his first role at American Medical Supply
Why Tim decided to pursue his entrepreneurial dreams and how he took that very first step
How Tim funded his company and some of the key financial lessons he learned from big challenges in the early days
The benefits of giving young people plenty of responsibility and why that can help a company move forward
Why it’s important to recognize when it’s time to make changes in the business
Some of the setbacks Tim has experienced in business and what he learned from them
How Tim’s company ensures they live generously and impact their community
Tim Patton’s Words of Wisdom:
We need to instill the enthusiasm and confidence that the USA is the greatest country in the world. It’s the land of opportunity; if you put in the hard work, you’ll reap the rewards.
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