When Tim Ray was 21, he wrote a list of things he wanted to achieve by the age of 30. Two of those goals seemed squarely at odds: He wanted to start his own business and get an MBA.
Ray did both.He launched FoodScrooge.com, a group-buying website that offers deep discounts on bulk groceries.
Ray, who spent five years working at Maple Leaf Foods before starting his business degree at the Queen’s School of Business, came up with the idea while listening to a presentation on group-buying, in which shoppers online sign up for products or services en masse to get big discounts.“I had never heard of group-buying, but as soon as I heard the presentation, I had a Eureka moment and thought, ‘I could do this with food.’ I thought of the name and incorporated that week,” Ray said.That was last fall. The website launched in March.