The primary goal of every investor is to become the most named entrepreneur and be in the Forbes magazine. Well, despite the enthusiasm that all the entrepreneurs join the business world having, most of them don’t end up getting where they aspired to get. The investment world is not for the faint-hearted, it is for those who are passionate and patient.
Take Louis Chenevert for instance; he is one of the most successful investors in the world. He has been involved in the success of more than 50 businesses. Many business people are using his business mechanisms in their ventures, and they have proved to be working.
Louis Chenevert began as a student of Production Management in HEC Montreal. His lectures saw the energy he had, and they began searching for opportunities for him from his friends. After school, he landed a job at the General Motors. Here he worked for 14 years. Before he left General Motors, he worked as the Production General Management.
In 1993, Louis was hired by an engineering firm: Pratt& Whitney. The unit that Louis Chenevert was assigned significantly improved, yet other companies were complaining of the financial crisis. The company awarded him by making him the President of the company. When UTC saw the difference he was making in their subsidiary company (UTC), they hired him as the CEO of the company.
He worked as the CEO of the company until 2014, when he voluntarily retired. It is worthwhile to note that there were no scandals involved in his retiring. He wanted some time to focus on his family and his interests. He spends his time designing yachts.
Louis Chenevert says that relentless focus is among the attributes that lead to success. He adds that you have to choose your team wisely. This is because you are only as productive as your team. He advises employees to empower their teams. The current CEO of UTC is following this advice by maintaining the scholarship program. The program allows the UTC employees to acquire any degree of their choice for free. He says that the program has improved the quality of services at UTC.