People who do well in business apply a lot of what they have learned from other successful business people. Although you may have something new to implement in your business, what other successful entrepreneurs did to get to where they are shouldn’t be ignored. While there are good things to learn from such business people, learning the mistakes they did helps a lot. Louis Chenevert realized he needed to thrive in business through the life lessons of other entrepreneurs. The Canadian businessperson knew such people were a great source of the inspiration and motivation he needed to be a renowned businessman.
According to Louis, successful business people should bring up some other young entrepreneurs to take their place someday. Without inspiration, it becomes hard to succeed in business since it’s a field with a bunch of challenges. As a man in charge of a powerful conglomerate business, Louis Chenevert was able to make a name for himself. He was the CEO of United Technologies Corporation from 2008, and he led the business for about six years. He had achieved a lot for the company by the time he was relinquishing the position in 2014.
During his reign as the CEO, UTC made huge profits and had good financial books while other companies were still collapsing and recording losses. The business leadership expertise Louis made this practical. Even other business people could affirm that Louis Chenevert was a business leader with unsurpassed commitment and dedication. Nothing would have stopped him from taking UTC to greater heights even when the loss tide was strong for other companies.
Louis is a business leader who knows how to balance long and short-term goals. He learned most of such business skills at Montreal University where he studied Production Management. General Motors absorbed him as one of the employees after his graduation to serve as a production manager. For the 14 years he worked at General Motors, he recorded some tremendous achievements. He started to explore more about aerospace in 1993, and he didn’t find it difficult since aerospace operations are similar to those in the auto industry. Louis Chenevert had also worked at Pratt & Whitney, a leading jet engine manufacturer in Canada before he became the CEO at UTC.
Paul Mampilly is one investment and portfolio manager who has proved his worthiness to both the industry and the society in general. After completing his college education, Paul went directly to the Wall Street to start his professional investment career where he worked at the Bankers Trust Company as a portfolio assistant manager. During this time, Paul Mampilly was also undertaking his master degree in Business Administration at the Fordham Gabelli School of Business. He completed his Master and got a promotion in the same company where he became a portfolio manager. Follow Paul Mampilly on Stocktwits.com.
Mampilly then moved to Deutsche Bank after it acquired his employer, the Bankers Trust. He was made a research assistant, a position that made him learn a lot of investment insights that he shares with the rest of Americans today. One of the principal things that Paul Mampilly was lucky to understand was the importance of performing due diligence before engaging in any investment decision. This is because the investment market has been characterized by a lot of volatility and has been quite unstable. Watch videos on Paul’s Youtube channel.
Later on, Mampilly was employed by the ING to become the senior research personnel. He worked at the company for some years and made some great impact during his tenure. At this time, his responsibilities increased and became accountable for portfolios worth millions of dollars. It was at this time that his reputation was built and made the Kinetics Asset Management recruit Paul as its head of portfolio management. He was responsible for managing the company’s hedge fund that had been performing poorly for years.
Under Paul Mampilly’s guidance, the hedge fund that he was managing for Kinetics Company shot up in value. It yielded an average investment return of 43%, an achievement that saw Barron’s magazine declare Mampilly as the best hedge fund manager of that year. After all these achievements, Mampily was still not satisfied with the level in which his knowledge was distributed among Americans. He felt that the only people who benefited from it were the rich investors for whom he had been managing large portfolios. He felt that the ordinary citizens, who needed the financial advice to increase their wealth never got to benefit. This made Mampilly resign from his job as a portfolio manager.