Weekly Thoughts

VIEW ALL POSTS

First Follower

Here is something that caught our eye this week:

Leadership lessons from Dancing Guy

This week we were introduced to a video titled “First Follower: Leadership Lessons from Dancing Guy”. Enjoy:

When we started Chenmark, many thought we were a “lone nut” by quitting lucrative Wall Street jobs to “become landscapers in Maine”.

As we have built out our company over the last five years, however, we have been lucky enough to attract a couple of first followers.  These are the core team members who believe enough in what we are doing that they are willing to do something a bit different and join us in our pursuit of becoming the acquirer of choice for North American small businesses.

In many respects, these early team members are more important than the founders, because “the first follower transforms a lone nut into a leader.  If the leader is the flint, the first follower is the spark that makes the fire. The second follower is a turning point: it’s proof the first has done well.  Now it’s not a lone nut, and it’s not two nuts.  Three is a crowd and a crowd is news.’

As we continue to add to our team of first followers, we continue to build momentum.  At some point, our momentum will become a movement.  But we’re not there yet.  So, if you’re interested in being a first or second follower  and not just part of the crowd  we’re always looking to speak with interesting people.

Have a great week,

Your Chenmark Team

Subscribe to Weekly Thoughts

Previous Post Next Post

Recent Posts

It’s Basically 1200 Meters

When we lived in Cambridge, we frequented all the common outdoor exercise spots — leisurely jogs along the Charles, grueling stairs in the Harvard Stadium, and heart-rate spiking intervals on the Newton hills.  As such, we enjoyed learning more about the “Tempo Loop” in the Harvard Athletic Complex. 

Read More

I Said No F*ing Brown M&Ms!

While we are more of a Smarties group, we were interested to learn this week that brown M&M's carry relevant significance despite being the worst color for a candy variety.  They are also the most notable thing about a backstage concert rider — the legal document that outlines terms for concert promoters — for Van Halen’s 1982 World Tour.

Read More

Cash Money

Our regular readers will know that our metric of choice is Free Cash Flow.  This is because the crux of our strategy relies upon our ability to purchase cash flowing businesses from retiring owners, and then, over the long-term, using the cash flows from those businesses to fund the equity requirements for growth—whether it be supporting internal growth initiatives or writing a check for our next acquisition.  Without free cash flow, our strategy stalls. 

Read More