There are no specific steps that you can follow to be a successful investor. However, we can learn from the people who began the journey before us. By studying them, we get to know the mistakes they did and avoid them. We also get to understand better ways of doing business. Many investors around the world are using the mechanisms of Louis Chenevert to run their businesses, which they have confirmed to be very effective.
Louis Chenevert has been involved in more than 50 businesses that have turned out to be successful. He is best known for the legacy he left in the United Technologies Corporation (UTC), as their CEO. He made meaningful acquisitions that made the firm have a lot of leverage in the industry. He also led the company to invest the future.
Louis made history by closing the Goodrich deal worth $16 billion. He also bought the GTF engine from his former employer: Pratt & Whitney. Louis realized the power that it had, and the first thing that he did after joining the company was to purchase the engine. Although the project cost the firm two decades to design and $10 billion, the results have been very fulfilling.
Louis cared about the environment as the CEO of the company. When Louis realized that global warming on the rise; he took a step to solve the issue. He reduced the emission of greenhouse gases and reduced consumption of water. This act, led to the products of UTC acceptable to many nations, boosting the sales of the company. The shares of the firm also increased to 117 % to 37%.
Louis Chenevert says that he was able to acquire this kind of success by staying focused on his goals. He says that internal politics can sometimes interfere with the plans of the firm and the leader has to see that they are not slowed down by the naysayers.
Louis also emphasizes the need to see that all the employees are up to the tasks by investing in them. He says that despite your goals being mighty, you cannot accomplish them by yourself, you need the support of your team.