Transcript
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This is Scott Becker with the Becker Business and the Becker Private Equity Podcast. We cover business, private equity, investing, startups and a lot more. Here is the gist of today's discussion. We're at this week a couple of the Beckers healthcare conferences and this one is the Becker's Health IT Digital Health and Revenue Cycle conference. And then there's a variety of smaller conferences this week co located with that conference. Now the point of today's discussion discussion is I've been in this business now this Beckers healthcare and media business for 30 plus years. Our conference that's coming up October 16th to 18th is in its 31st or 32nd year and that includes skipping a year with COVID and so forth. So look at it as though we've been at it for 30 plus years. And the moral of the story today is trying to stay motivated for 30 plus years and keep a vibe going for 30 plus years is, is is one of the great, great challenges of of course my lifetime and trying to keep these things successful for 30 plus years. And I'll tell you the only thing I could think about in terms of what the real secret is. The real secret is that over a long period of time we hired magnificent people that really lead the efforts. So it is not incumbent on me to keep the vibe and everything going great. It's incumbent on the teams that drive those businesses today that to me becomes as much the trick to keeping something fun, fresh and exciting and growing over 30 years is if you rely yourself on the founder itself, you're probably going to be in a lot of trouble unless that founder happens to be extraordinary, which I am not. But if that founder built a great team and has leadership that is better than him or her, then you're in a spot where that business could keep on thriving 30 years in. That to me is the trick. Succession planning, finding great leaders to follow you up, and a lot more. Thank you for listening to this short episode of the Becker Business podcast, the Becker Equity Podcast. We hope you enjoy this. Thank you for listening.
