Category Archives: Businessman

Louis Chenevert: Success is a Team Effort

IdeaMensch is an internet newspaper that chronicles the experiences of entrepreneurs throughout the country. This issue is about Louis Chenevert, the former chairman and CEO of United Technologies Corporation. Before he was CEO of United Technologies Corp., he worked at General Motors for 14 years and then he worked for Pratt & Whitney in 1993. Chenevert earned a Bachelor of Commerce degree in Production Management from the University of Montreal École des hautes études commerciales (HEC). Presently he is Chairman of HEC Montreal International Advisory Board, and the founding director and chairman of the Board of Directors for the Friends of HEC.

Chenevert’s Successes with United Technology.

During his tenure at United Technologies Corp. he had overseen the design of many new engines and technologies that made UTC a force to be reckoned with in the engineering industry. Chenevert credits being passionate and eternally optimistic as well as being extremely focused for his reasons that his time with United Technologies was so successful. During his time at UTC, Chenevert helped take the airplane engine engineering monopoly from Rolls Royce with their design of the new Gulfstream G500 and G600 engines. They also managed to acquire Goodrich Aerospace, which was the largest acquisition at its time, costing 18 billion dollars.

Chenevert’s Vision for Success.

Louis Chenevert has a lot of entrepreneurial wisdom, that he was happy to share with the guys at IdeaMensch. One of the main ideas he shared was to put the right team together. A leader has to help the team overcome obstacles, while inspiring and appreciating them, and most importantly, never tolerate people who in aren’t in line with the agenda. People who don’t believe in your vision will drain your energy and the energy of the company over time. In fact, he regrets not paying more attention to interoffice politics.

Louis Chenevert in his vision, relied upon more than simply spending money. Above all, he focused on making sure those who are working for him are achieved their visions alongside the company. It was this idea that he credits for his success as an executive.

https://affiliatedork.com/how-former-ceo-louis-chenevert-helped-utc-become-a-global-force

Hussain Sajwani Created a Property Development Empire Overnight

Hussain Sajwani, Founder and Chief Executive Officer of DAMAC Properties specializes in various types of development deals across the Middle East. The brilliant entrepreneur began his illustrious career from humble beginnings. As a child, he worked in his father’s pen and watch store grasping the concept of what it takes to become successful at one’s own business. Although his father aspired that Hussain Sajwani follows in his footsteps by taking over the family business, the young man pursued education instead. After making a decision to discontinue school, he switched his attention over to real estate. Hussain Sajwani recognized that Dubai offered real estate to foreigners-which proves to be a rare decree for that country.

 

He saw an opportunity to purchase a residential dwelling there. Through his entrepreneurial upbringing and savvy skills, he pre-sold a great number of his housing units before the project began in construction stages. This clever approach would be the rise of his residential property business and career.

 

The meticulous business owner has been known for his wealth of flair and attention to detail when it comes to luxury experiences. He spares no expense in designing well sought after real estate. Some notable development structures that the DAMAC Properties and Hussain Sajwani have engineered are two Trump-branded high-end golf course communities.Those include the Trump International Golf Course Dubai, which opened in February of 2017 and the Tiger Woods inspired Trump World Golf Course which is slated to open in the latter part of 2018. The Trump International Golf Club is a glamorous 18 hole course that caught the attention of London’s International Property Awards committee. The well thought out property has been labeled as “Best Golf Development’ in the world. These golf courses were a collaboration with real estate mogul Donald Trump before his rein in the presidency.

 

Astute businessman Hussain Sajwani always finishes his real estate projects with the best materials, with world-class architecture, and unthinkable amenities. His development enterprise appeared to have spurred into an overnight success. The accomplished DAMAC owner plans to continue property development across the world in the future.

Category: Businessman, CEO

Jed McCaleb and Stellar – Banking Made Cheap

Jed McCaleb is a revered computer programmer and an expert in blockchain technologies and cryptocurrency. He has worked in a variety of different industries relating to internet markets, cryptocurrency, and P2P protocols. His most recent company is Stellar, which he founded alongside Joyce Kim. McCaleb is considered by his peers and consumers to be one of the leading experts in cryptocurrencies and blockchain technology.

 

What is Stellar?

Stellar is a recently upgraded blockchain protocol intended to be used for banking purposes. It was co-founded by Jed McCaleb, who has previously been involved in the cryptocurrency industry through such companies as Mt. Gox and Ripple.

 

With Stellar, companies can provide cheaper financial options to consumers. Stellar provides the possibility for financial institutions to conduct business together at cheaper costs than believe possible. The costs are then passed on to the consumer.

 

Stellar primarily works with financial companies in developing countries. Some of the institutions made possible with Stellar are Hijro, Mifos, Distributed Labs, and Oradian.

 

Stellar most recently teamed up with IBM to bring international financial options in the South Pacific. This marks Stellars biggest leap forward to date and may be a sign of a bright future.

 

About Jed McCaleb

Prior to jumping into the blockchain industry, Jed McCaleb worked to reinvent P2P file sharing. In 2000, Jed McCaleb created eDonkey, a P2P protocol that allowed users to download files from hundred of users simultaneously. P2P Programs and Torrenting software still use similar technology to this day.

 

Jed McCaleb then created Mt. Gox a platform for Magic: The Gathering Online players to trade cards. Mt. Gox only served its original purpose for a short time, however. Jed realized that the technology he used to create Mt. Gox could be used for so much more and turned it into the world’s first bitcoin exchange.

Category: Businessman, CEO

Louis Chenevert Took the Radical Approach

Louis Chenevert’s rise to the top of United Technologies Corporation did not occur overnight, and as many of his counterparts would suggest, was strictly by his own design. After securing a degree in production management from HEC Montreal, the business school associated with the University of Montreal, Louis Chenevert delved into the business world, eventually landing with General Motors, where he would stay for over a decade. After blazing a trail that would include a stellar record of success, Louis Chenevert joined Pratt & Whitney Canada, and after spending six years with the company has risen to the position of President.

During his time with Pratt & Whitney Canada, Mr. Chenevert encountered several budding technologies that he would take with him upon becoming the Chief Executive Officer of United Technologies Corporation, forever altering the trajectory of the company. The development of the GTF engine would prove to be a gamechanger, as it was able to cut fuel consumption by nearly twenty percent, while also decreasing the output of hazardous gases by fifty percent. Louis Chenevert’s forward thinking allowed him, as well as his corporation, to thrive under less than ideal economic circumstances, and today, the GTF engine is used in over 70 types of aircraft across the world.

Today, United Technologies Corporation continues to thrive under the leadership of Gregory Hayes, the current Chief Executive Officer. Mr. Hayes maintains that is important for a CEO to leave a company in better standing than it was when he took over the company, and the record clearly suggests that Louis Chenevert has done so with unprecedented accuracy. Today, Mr. Chenvert has been the recipient of accolades, including his recognition by the National Building Museum, where he was presented with the prestigious Honor Award. While Louis Chenevert has not been actively involved with United Technologies Corporation for a number of years, the standards, as well as the blueprint that he created, is operating at full stride, and UTC is recognized as one of the world’s leading global entities.

Joel Friant and his Entrepreneurial Adventures Leading to The Original Habanero Shaker

Joel Friant is a highly successful serial entrepreneur who always in search of opportunities in a smart way. As a free-market enthusiast, he is fascinated by product creation, subconscious success training, and home-based business. Interestingly, all these three factors greatly complimented in his entrepreneurial ventures. Friant also helps aspiring entrepreneurs with his expert advice not just limited to business but also for personal life success. He started his business ventures with real estate industry and targeted purchasing properties, renovating or remodeling it, and flip it for considerable profits.

Later, in 1995, he started focusing on restaurant business when he opened Fast Food Thai Concept – the first of its kind in the country. Almost at the same time, Joel Friant identified the properties of Habanero Chile Pepper and decided to produce and market it. He named the flagship product as The Habanero Shaker and started selling it through some large grocery stores in the state of Washington. Friant also started focusing more on real estate including foreclosure buying and house flipping. Post-2000, he learned more about mortgage lending business and floated his mortgage lending firm to tap the opportunities in the real estate sector.

After the 2008 financial meltdown, Friant even assisted the entrepreneurs with strategies to safeguard themselves from losses. Post-2010, he enthusiastically learned about the options and possibilities given by the online stores. Joel Friant focused on Amazon and eBay and analyzed the benefits of using the largest platforms. Subsequently, he listed his Habanero Chile Pepper products online, and that got tremendous response across the country. A number of factors made the popularity of the chile pepper many folds.

Being buttery, smoky, and downright tasty, it was the most flavored pepper until that date. It was also found as one of the hottest chile peppers available in the market. The pepper comes with a perfect combination of flavor and heat. Interestingly, the chile pepper is a species that is known for very high amounts of capsaicin. Studies have shown that capsaicin can prompt the human brain to produce endorphins – known as natural painkiller generated by the human body. It means that the pepper can also produce natural health benefits.

Learn more about Joel Friant: https://www.instagram.com/habaneroshaker/

Will The Oxford Club Ignite The Alt Coin Spark?

Every decade has its own amazing investment opportunities and every new wave of investors seeks to latch on. In the past, people focused on dot com struggles and other concerns, but recent thoughts have focused on the alt coin phenomenon and how to make as much bank as possible off of it. They are certainly countless Americans who want to try their luck at a fortune built around Bitcoin or Litecoin, but there are important details to understand before hand. That’s why the Oxford Club and its educational branch Investment U come in. They know how to invest in the right opportunities and they help everyone who wants to get involved prosper.

Investment U is currently creating guidance in order to steer people in the right direction regarding alt coins. Alt coins aren’t like stocks or bonds which happen to have infinite supply. The Oxford Club explains that most alt coins have a very specific amount they will release over the course of time and once they have been released they only way to receive anymore is to buy them from another investor. This means you must act swiftly and wisely in order to make the most of the market. Fortunately, that’s exactly what you’ll be able to do with their advice.

Perhaps the most relevant aspect of the advice given by Investment U is the nature of smart contracts. Smart contracts are written into code and used as a means of enforcing the rules of engagement when it comes to electronic currency. This makes them perfect for those who want to guarantee their investments aren’t being traded in a shady or inefficient way. You always know exactly what it is going to happen with your cryptocurrency.

The one thing just about every alt coin investor wonders about is when to begin. The earlier you invest in a coin the greater your profits are going to be. The first Bitcoin investors are now seeing insane profits thanks to their quick thinking while investors in other alt coins are starting to see their first returns. The Oxford Club has always emphasized quick thinking and that’s exactly what they’re teaching now.

How Sweetgreen is Setting the Pace in the Food Sector

Backed by some of America’s leading investors, Sweetgreen is setting the pace in the restaurant business, and any future startups in the food sector can borrow a leaf from how Sweetgreen operates.

The company has hit all the right notes as far as the food industry is concerned. It provides a wide range of healthy foods whether it is organic, local, or fresh, attracting a wide customer base.

Sweetgreen boasts of over 40 location across the United States that are usually characterized by long lines given its great products. Nathaniel Ru, a co-CEO and co-founder at the company, points to the embracing of technology as part of its success.

A large percentage of transactions made by Sweetgreen are through its mobile application or website. This is one of the many valuable lessons that other food chains can pick from Sweetgreen to increase their chances of success.

The other individuals leading Sweetgreen alongside Ru are Nicolas Jammet and Jonathan Neman. This trio met up in college, and it has been close ever since culminating in their current entrepreneurial success. Read more: Nathaniel Ru | Crunchbase

The inception of their business was based on the fact that Georgetown was short of healthy eating options. Therefore, in 2007 upon their graduation, the three young men set up their first restaurant. They faced some rough times initially but overcame them to get to where they are today.

Sweetgreen puts a lot of emphasis on close customer relations. As Ru puts it, they do not work with corporate headquarters. The idea is to stay closer to customers to the extent of closing corporate offices a number of times every year.

Closure of offices means employees will work directly for the restaurants for some time. The co-CEOs also realized the importance of building a team early in their business and proved to be a vital ingredient for success.

About Nathaniel Ru

Nathaniel Ru is a third of the trio of chief executive officers and founders behind popular fast-casual salad chain Sweetgreen. He graduated from Georgetown University with a Finance Bachelor’s degree.

Right after graduating from Georgetown University in 2007, he collaborated with the other two individuals to set up a restaurant business. The business grew into what is now a household name, Sweetgreen, with over 40 outlets in the United States.

Category: Business, Businessman

The famous mathematician, Michael Lacey

Michael Thoreau Lacey was born on 26th September 1959. Lacey was awarded a PhD from The University of Illinois in 1987, under Walter Philipp’s direction. He is a famous American mathematician whose thesis was mainly in the area of probability and is very good at solving problems that are related to the iterated logarithm law for various empirical characteristic functions.

Michael Lacey’s work mainly touches on areas of ergodic theory, probability and harmonic analysis. Egordic theory studies the dynamic systems with related problems and invariant measures.

The University of North Carolina and Louisiana State University were the first places that Michael got his postdoctoral positions. Walter Philipp and Lacey provided proof of the central limit theorem while at the University of North Carolina. In the year 1989, Lacey worked at the Indian University where he was able to receive a postdoctoral fellowship with the National Science Foundation.

The National Science Foundation supports fundamental education and research in all non-medical fields of engineering and science. While Lacey was at the Indian University, he began the study of bilinear Hilbert transformation.

In 1996, Lacey and Christoph Thiele were awarded the Salem Prize because they were able to solve a conjecture that was brought forward by Alberto Calderon. The Salem Prize is an award given annually to mathematicians who are considered to have done outstanding work in the theory of Fourier series.

Michael Thoreau remains a renown professor of mathematics since 1996 at the renown Georgina Institute of Technology in Atlanta, Georgia, in the United States. Lacey was able to receive a Guggenheim Fellowship in 2004 together with Xiaochum Li.

Guggenheim Fellowships are those grants that are awarded annually to those people who have managed to demonstrate exceptional creative skills and ability in the arts and productive scholarship.

Michael later became a member of the American Mathematical Society in the year 2012 which was an association that was made up of different professional mathematicians who dedicated their time to mathematical scholarships and research.

It also serves the international and national community through meetings, its publications, other programs and advocacy. Michael Lacey is still and will always remain a famous Mathematician for his works and contributions towards mathematics.

Mike Baur is a Man for All Entrepreneurs

Mike Baur grew up in Switzerland in a region called Freiburg. As an entrepreneur and successful businessman, he earned his Executive MBA from the Bern University and an MBA from the University of Rochester. Mr. Baur spent nearly 20 years in Swiss Private Banking, but he began his career at the early age 16 where he worked as an apprentice in the Union Bank of Switzerland.

 

Mike worked for the Union Bank of Switzerland throughout the 1990s. He was promoted repeatedly because of his innovative talent of giving ideas to wealthy investors. He worked at the bank until 2008 and began working at the bank Clariden Leu. At this bank, he also received high ranking positions for the next six years. In 2014, Mike left this bank because of the dismal future of banking which did not challenge his talents. During his banking years, he always met young businessmen who wanted to get their ideas off the ground but were turned down. Now was the time that Mike decided to focus on his passion to help these young tech entrepreneurs.

 

In 2014, Mike and two partners, founded the Swiss Startup Factory. Mike Baur says that he calls his enterprise “Factory,” because in a factory you must work and this is what he expects from his staff and future entrepreneurs. This entrepreneurial company is considered the No. 1 privately financed ICT Startup Accelerator in Switzerland. Swiss Start up Factory invests in young Swiss digital entrepreneurs and their startup ideas. The company offers coaching, mentoring, an office space in the heart of Zurich and an entrepreneurial network to achieve their goals.

 

The platform that the Swiss Startup Factory uses is to have the young entrepreneurs to enter a contest to pitch their goals. Thirty new enterprises with less than $1 million in funding are asked to present their products, business plans and models. A panel of successful financial experts, including Mike will then decide who wins. From this panel format, Baur established the Swiss Startup Association serving as its director with a base as a business incubator.

 

During this same timeframe, Mike also created a new firm called Think Reloaded which enjoins experienced financiers with wealthy clients. Another investment company called CTI Invest made Mike its deputy managing director. In July 2016, the Swiss Startup Factory formed an alliance with BV4, which estimates the monetary values of ideas, inventions, and other intellectual property.

 

Currently, Mike Baur continues to run Think Reloaded, the Swiss Startup Factory, and BVR as the organizations concentrates on financing and fundraising. Many Swiss entrepreneurs have contributed to technological advances and pioneering economic developments.

 

The Success of Marc Sparks

World-renowned entrepreneur, Marc Sparks, was raised in Austin, Texas, where he graduated from high school in 1975. He skipped college altogether and immediately began his incredibly successful careers. But along the way there have been failures which he used as learning experiences. Since the beginning of his entrepreneurship, he has been the principal in many startups. He has used the few experiences that have not been so successful, to show him how to reach great success. His experiences and his talks about them caused his colleagues to encourage him to write a book about it. Learn more: http://www.lulu.com/spotlight/marcsparks

 

So he did. The book that resulted is entitled “They Can’t Eat You” in which he talks about these failed endeavors and what he learned by these failures. These failures include his building billion-dollar companies and then making mistakes that instigated his losing it all. He designed this book specifically for young entrepreneurs who are in the exact same position he was in and need advice about how to succeed in their endeavors. By learning from these failures, he has attained great success many a time. Today his primary base company, Timber Creek Capital, manages his currently most valued companies.

 

He is known as an entrepreneur that takes risks that most would never consider because they don’t see it as a possibility. But time and time again, Sparks has shown that these wild risks are not only possible, they are the best option for success. As busy a man as he is, he is always willing to talk things through with an employee. Sparks also plays a big role in charitable works, specifically in projects that assist the homeless. To this end he finances The Samaritan Inn, a homeless shelter in Texas. This shelter does more than just house them.

 

Its program includes counseling, financial education, job placement, family services, and health programs. It is so successful and so popular that ever week they are forced to turn away 75 people who want in the program. But this is not his only charitable work. He is also active in Habitat for Humanity, Sparky’s Kids Foundation, and America Can! This is a years-long labor of love, having been active in the work of The Samaritan Inn since the late 80s. Learning from his past, Sparks is very happy with his present, and extremely optimistic about the future. Sparks is also a very active outdoors guy. He often hunts, fishes, hikes, bikes, golfs, works out, and travels to exotic destinations all over the world. Learn more: http://sparktankdfw.com/