Chapter
The Tension Between Being an Operator and a Holdco Person
32:43 - 37:16 (04:33)
In this episode, the speakers discuss the tension between being an operator and a Holdco person, highlighting that not everyone is wired to be a Holdco person. They argue that while some people love to operate at a high level, others prefer to live in the idea space instead.
Clips
Finding new winners out of bunches of ideas is not the same as running a successful business.
32:43 - 35:10 (02:26)
Summary
Finding new winners out of bunches of ideas is not the same as running a successful business. This is especially difficult for CEOs and senior executives because it goes against the habits and skills they've learned while running a business or holding senior positions in companies.
ChapterThe Tension Between Being an Operator and a Holdco Person
EpisodeMichael Girdley: Why Fireworks Are A Cash Cow and How to Operate a Holdco Worth $100 Million
PodcastMy First Million
The hosts discuss how being a Holdco person isn't for everyone, and how it can be difficult to shift your mindset from being an operator.
35:10 - 37:16 (02:06)
Summary
The hosts discuss how being a Holdco person isn't for everyone, and how it can be difficult to shift your mindset from being an operator. They debate whether people truly enjoy operating at a high level or if they're just focused on the 10,000 foot view.