CLEVELAND, OH--(Marketwired - Nov 21, 2014) - Tim McCarthy, a successful entrepreneur and philanthropist, has released a new book, "Empty Abundance," (, on the personal edification of giving.

"Money is necessary in all of the predictable ways you can imagine, but so many of us confuse financial wealth with what we're actually looking for -- true abundance," says McCarthy, who diverts all of his business profits annually to his foundation, The Business of Good, which invests in socially conscious businesses and scalable nonprofit concepts.

"We've all been sold a bill of goods by the dominant consumer culture -- that we can spend our way to happiness," McCarthy says.

Billboards, TV commercials, radio jingles -- they all sell us the same story, he says. So we buy the shiny new sports car, the sleek designer wardrobe, the gorgeous two-story house. We work hard and make a handsome profit from our labors, yet we can still feel empty inside.

Like so many Americans, he spent years chasing the dream of material wealth, only to find that the promised rewards were empty. In a voice that's instantly relatable, he recounts his personal journey of frozen assets, lost jobs and liquidity events in "Empty Abundance," speaking candidly about his own struggles with depression.

"Real-life stories, not philosophizing, are the backbone of this search for enduring values in the world of business and philanthropy," writes Robert Miller, executive director of The Generation Foundation. "Tim McCarthy takes the reader through a lifetime of successes and failures and demonstrates how mistakes were often his best teachers. He answers for himself the questions, How much is enough? and Can giving gladly out of your surplus actually be fun?"

About Tim McCarthy

Tim McCarthy's first business, WorkPlace Media, reaches more than 70 million employees with incentives for clients such as Coca-Cola, Lenscrafters and McDonalds. He sold the company in 2007 and recently bought it back. In 2003, he partnered with his son, Tim Patrick McCarthy, to open Raising Cane's of Ohio, which had 13 stores with over $30 million in revenue in 2013. McCarthy, author of "Empty Abundance," (, earned his bachelor's in political science and MBA from Ohio State University. In 2008, he received the Fisher Alumnae Community Service Award and was named an Ernst and Young Entrepreneur of the Year.

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Ginny Grimsley