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Investors are motivated by many factors. Certainly, investors deserve (and should receive) a satisfactory return on their investment. However, as the owners of a living corporate entity, we believe that investors also have a responsibility beyond themselves -- namely, their managers, employees, lenders and other stakeholders. In recent years, too many businesses have lost their way. Corporate greed and mismanagement have converged to destroy businesses of promise -- and have harmed those who have built and rely upon them. Although, the high profile public entities generate the headlines, it is occurring in the private sector just as often, if not more.
Are we speculating? Mr. Chirchirillo has personally been involved in starting, growing and repositioning businesses for over 25 years -- from the service sector to manufacturing. His unblemished record of success, including involvement with companies at the brink of corporate death, taught some very valuable lessons. His work with "turnarounds" provided a panoramic view of the real and root causes of why businesses fail the next generation. Although bookshelves are filled with pontifications regarding business failure, there really are two key factors -- self interest by the leadership and inept management. The presence of either factor is dangerous; however, if both factors are present, the business failure script is written.
Because of this firsthand experience, we carefully select our business partners, beginning with a more fundamental probing of the long-term objectives of the organization's leadership. While others start with financial ratios, we begin at a much deeper level -- are we compatible at the core?
Chirch II is interested in investing in family-owned and privately-held businesses that:
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Agree with our passion for leading the next generation of stakeholders to success. | |
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Recognize that the status quo must be challenged to compete -- and win -- in today's global environment. | |
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Is owned and/or led by someone (or group) with a personal greed mentality. | |
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Believe they have all the answers. | |
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Do
not agree (with even one or segments of one) of the values
articulated in our
Statement of Values. |
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