The entrepreneur journey is difficult and can be frustrating at times. Sometimes results of our hard work seem to take forever to achieve. When we feel this way, the only thing we can do to keep our motivation in check is reading the entrepreneur journey of other investors. By so doing, we learn how to overcome challenges, learn new ways to do things and most importantly avoid the mistakes they made.
Louis Chenevert is one of the investors who many business people around the world look up to for business tips. The many who have applied his mechanisms have proven them very authentic. Louis Chenevert has been involved in more than 50 investments which have turned out to be a great success.
However, his legacy at UTC, where he served as the CEO from 2006-2014 is what made him a legend. It is vital to note that Louis did not leave UTC due to any misunderstandings or scandal, he simply wanted to take a break from the crazy business schedule. He is currently leaving a semi-retired lifestyle. This is to see that he gets a chance to pursue his own goals and spend time with his family. Following UTC, he worked partly as an exclusive advisor for Goldman Sachs.
Many factors led to the success of Louis Chenevert. To begin with, he understood the importance of the role of the employees in his goals evaluation. This is why during the recession period when other companies opted for layoffs, Louis Chenevert transferred the idle workers to Connecticut.
The other factor that led to his success is his ability to invest in the future. Louis understood that his role in the company would only be complete if he secured the future of the company. To do this, he made major acquisitions.
He led UTC to purchase Pratt & Whitney; the firm where he served as President before joining UTC. During his time in Pratt & Whitney, he realized the potential of the GTF engine. He bought the company at $10 billion. UTC used 20 years to develop the engine. However, just as the plan of Louis was, the investment has proven very significant to UTC.