Chris Burch: Billionaire Entrepreneur, CEO of Burch Creative Capital

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A co-owner of Nihi Sumba Island, with hotelier James McBride, the billionaire entrepreneur Chris Burch is also known for his Tory Burch fashion brand. He has multiple kinds of technology and luxury brands such as Jawbone, Poppin, Voss Water, and the Faena Hotel + Universe. He also has a business partner in Ellen DeGeneres, while she launches her lifestyle brand ED. He knows how to pick successful projects, as he is not a stereotypical billionaire, as he likes asking a lot of questions, to get at ideas.

While at Ithaca College, Burch’s first business was selling varsity-style sweaters to classmates, with the help of his brother and $2,000 to start. He eventually sold Eagle Eye to Swire Group for $165 million. He has an understanding of why people do the things they do, this comes from being around a long time. As a guest speaker at Harvard Business School, crediting his success to empathy and nothing else. While he is the sort of person who has a Wall Street fairy tale going for him, things were difficult in 2006 when he broke up with his wife and business partner Tory Burch. He feels that hard times are there to teach you things, among them, that he does not envy other people. Nihi Sumba Island is a business venture that succeeded with the cooperation of the Sumbanese people, who helped him find diamonds, as Nihi Sumba is the largest employer on the island.

Louis Chenevert’s Early Life And Accession To Coveted Positions In The Manufacturing Industry

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When starting out in the manufacturing industry, Louis Chenevert had no more than academic papers and an undying hunger for success. This manifested in his interests in business and entrepreneurship and would play a key role in helping him scale up the career ladder. While he started as an automobile industry operator, he would retire from a CEO’s position with the prestigious United Technologies Corporation (UTC).

Early life

Louis was born and raised in Montreal, Quebec, and would soon join Montreal University where he majored in Production management. Coming from a relatively humble background at a time when the region was undergoing explosive industrialization, Louis Chenevert developed key interests in entrepreneurship and business. More importantly, he understood the importance of hard work in both career and business success at an early age. These skills would come in handy in helping him scale up the career ladder in both the automobile and aerospace industries.

Bold career moves

Louis Chenevert started out as production assembly supervisor with General Motors plant in Quebec. His dedication to the success of the plant, commitment to the production of quality products, and a keen eye to details gained recognition from the company President, Guy Hachey.

While referring to Louis as one of the best executives to have ever worked under him, Hachey mentioned that the production lines leave no room for mistakes and Chenevert’s ensured that the company did not report defects. Hachey would also play a key role in encouraging Louis to transition from automobile to aerospace industries.

He would first take up a position with Pratt & Whitney Canada where he helped the plant cut down no operational costs by over 10 percent. Louis Chenevert was then named President of the struggling Pratt & Whitney. His innovative approach to factory processes and excellent staffing and organizational skills would, however, help the UTC subsidiary regain profitability.

Moving to United Technologies

Louis Chenevert’s contributions to PWC Canada and the United States saw him tapped for the Chairman’s position at United Technologies. At the time of his retirement from UTC, Louis served as the Corporations Chairman and Chief Executive Officer. He also helped the manufacturer make its biggest move yet, the mass production of Geared Turbofan (GTF) Engine. Today, Louis maintains an advisory post with Goldman Sachs merchant banking division.

https://medium.com/@louischenevert6/who-is-louis-r-chenevert-c1ae95052bce

The Journey That Vinod Gupta Has Been Through To His Current Business Success

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Vinod Gupta was born in India in 1946. He has managed to beat all the odds and turn into the massively successful entrepreneur that he is today. Vinod started his entrepreneurial journey by borrowing a $100K loan, and with less than two decades, Vinod Gupta has turned it into an investment fit for the entire country.

 

His first investment, a list compiling company was a massive success, which helped him buy off a number of IT related companies. Vinod Gupta is currently the CEO of his startup the Everest Group, which specializes in giving venture capital to database technology startups. Here are some Business Lessons that he shared about growing a business and succeeding as an entrepreneur.

 

When asked where the idea of the Everest Group came from, he stated that after graduating from the University of Nebraska, he was contracted to work for Commodore. It was then when he was given the task of compiling a list of mobile home dealers in the country. He discovered that there was no such list in existence and immediately, an idea to create one came to mind. View Additional Info Here.

 

When asked how his typical day looks like, and how he makes it productive, he stated that he likes spending his time building and capitalizing on the long-term success of any business idea which he comes up with, as opposed to focusing on the short term.

 

When asked how Gupta brings ideas to life, he stated that he likes giving all the products and services he comes up with a test run for the market before the launch. He states that the only way to know whether a business idea is marketable or not is by testing it.

 

Vinod Gupta is a successful entrepreneur, who believes that for a business to be successful, one has to put all their efforts to ensure it is successful.

 

Source Link: https://medium.com/@vinodgupta1/vinod-gupta-shares-advice-on-how-to-succeed-in-the-modern-world-ad76442a8b26