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Becker Private Equity & Business Podcast

Leadership & Careers: 5 Quick Points 6-2-25

Mon, 02 Jun 2025

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In this episode, Scott Becker shares five key insights on leadership, financial growth, choosing the right industry, and the value of mentorship.

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Chapter 1: What are the key insights on leadership and careers?

0.249 - 22.016 Scott Becker

This is Scott Becker with the Becker Private Equity and Business podcast. Today's discussion is going to be about leadership and careers. Five quick points. The first thing I'll say before we even get started is we're so thankful to the audience here at Becker Private Equity and Business. Recently passed 7 million downloads. Just fantastic.

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Chapter 2: How do you decide between having a job or becoming a leader?

22.828 - 44.263 Scott Becker

We're also thrilled at Becker's Health Care to have passed 17 million downloads. Thank you to our listeners, our guests, and our sponsors. Thank you very, very much. So here are five quick points. First, at some point, a few years into your job or your career, you're going to have to decide if you're going to have a job or you're going to become a leader.

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Chapter 3: What does it mean to run lean in business and personal finance?

44.583 - 64.321 Scott Becker

The choice is ultimately yours, but that's a choice you've got to click into at some point to decide, do I want to be a leader at what I'm doing or am I just having a job? And either could be okay. The choice is yours. Either is okay. Second, in business and personal finance, you have to run lean, but there is a limit to how far you can cut your expenses.

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65.342 - 89.294 Scott Becker

Thus, at some point, you need to grow your income and grow your revenues. Third, I was recently asked by someone who was starting a business, should I go broader or should I niche down? My unequivocal advice would be to niche down and test several niches. That's third. Fourth, there is something very important about being in the right industry. The right industry matters.

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90.235 - 109.289 Scott Becker

A motivated computer scientist or someone in the right field can, on the average, go a lot, lot further than a motivated writer. So I think there is a lot to be said for that. Finally, fifth, and bear with me on this concept because I don't do coaching. I don't sell consulting. Yes, I'm a lawyer by background and I have a media company, but I don't sell coaching. But here's the point.

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109.489 - 130.566 Scott Becker

If you could find the right coach and the right instructor or whatever you're trying to do, This can be incredibly valuable, and you can go a huge amount further. Dan Sullivan writes about this in Who Not How. He's right on. If you find the right coach, the right mentor for what you're doing, you can go so much further than otherwise.

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131.066 - 135.21 Scott Becker

Thank you for listening to the Becker Private Equity and Business Podcast. Thank you.

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