Joel Friant: Habanero Mastermind

Joel Friant is the highly accomplished entrepreneur and mastermind behind The Original Habanero Shaker. While the shaker is one of his bigger successes, Friant has also had success in a few other industries. Over the years, he has worked in real estate and remodeling. He even garnered some attention in the mortgage business. In the 90s he also proclaimed himself “Thai Guy” after pitching the first “fast food thai concept”. Friant has accomplished a great deal in his life, and he enjoys sharing the secrets to success with others. He has written about the subject and even speaks in online seminars. Many of the concepts he teaches to other people are ones he has developed throughout his own personal experiences.

Idea Mensch asked Friant about what his typical day looks like and what advice he had for aspiring entrepreneurs, and he had a lot to offer. One practice that he feels has helped him become so accomplished is his bike riding. He told IdeaMensch that he rides his bike to clear his mind and help the ideas flow. In fact, he will pull over and write down his ideas as they come to him while on bike rides. Writing things down helps him stay organized but also helps to ensure that he never forgets any of the brilliant ideas that come to his head. Friant also advises people to send positive vibrations out into the world in order to receive them. One of the ways he does this is through giving, giving to his church is something that actually brings him happiness.

The success of The Original Habanero Shaker likely brings him a lot of joy as well. One of the things that makes the product unique is that it is composed of 100% habanero chile, unlike other shakers on the market. The habanero pepper is higher on the Scoville heat scale than the Jalapeno, and can bring a lot of dimension to any dish. The shakers are made in the United States of America and can be purchased on Amazon for around $12.

How Louis Chenevert Helped UTC Survive a Corporate Mass Extinction

Business acumen, forward-thinking, and a willingness to invest in people make a successful corporate leader. Louis Chenevert has demonstrated these qualities throughout his entire career.

After earning a bachelor’s degree in Production Management from HEC Montréal Business School Chenvert worked for General Motors as a production manager. A post he held for 14 years.

In 1993, Louis Chenevert was hired by the Pratt and Whitney division of United Technologies Corporation (UTC). In 1999 he was elevated to President and CEO of the entire division. One of Chenevert’s first accomplishments in his new post was the negotiation of an $18.4 billion dollar deal that brought aircraft component manufacturer Goodrich into the UTC fold.

During Louis Chenevert’s tenure, UTC thrived while multiple other manufacturing giants like RCA went under. Even more impressive is that Hartford Connecticut based UTC was able to flourish in a state with high business costs.

The company’s aeronautics division produces Sikorsky Helicopters, jet engines, and a variety of aviation components. Otis Elevator and Escalator is a UTC company. Climate control products and fire detection systems also comprise part of UTC’s product line.

By packaging related items, i.e. construction-related components, Chenevert provided new ways to generate revenue by creating a whole new product line out of existing products. Chenevert stressed product diversity pointing out that unlike companies that focus on making one product a company with a diverse product line is better able to weather consumer trends.

With Chenevert at the helm, the value of UTC stock increased 200%. He achieved this without reducing investments in technology, sending large numbers of jobs overseas, or taking anything away from UTC’s employees. In fact, over the last 21 years, 40,000 UTC employees have gotten college degrees through the company’s Employee Scholar Program. To date, the company has invested $1 billion in this program.

During his time at UTC Louis Chenevert stressed preparedness for the future. Toward that end, he established a policy of always budgeting enough to keep the company in the technological vanguard. A policy continued by his successor after Chenevert left UTC and entered the employ of Goldman Sachs.