Arthur Becker has long been one of our favorite entrepreneurs to follow. Looking through his career trajectory and the various companies that he has stopped at or founded along the way can be an enlightening approach for future business professionals. Becker has most recently started focusing on his work as a Managing Partner at Madison Partners, LLC and that is where we will spend most of our focus today.
Approaching the world of investing can be a heady experience, particularly when you are choosing to branch out of your comfort zone. Becker got his first start within the investment world by working in the tech sector. He became the Chairman and CEO of NaviSite back in 2003 and it was there, for nearly a decade that he flourished within the industry. However, Becker wanted much more than what NaviSite had to offer and so he made the transition to Madison Partners LLC. Madison Partners is an investment firm that is focused on the real estate and bio tech industries. Becker had always been interested in getting into real estate but bio tech was a completely new venture for him. More details can be found on LinkedIn.
When approaching a project you have to be aware of how long profitability can take to come to fruition. Becker says that he lucked out with technology saying, “I had almost an immediate profit on several investments in the technology side of things.” Becker goes on to say that this was a satisfying reward, but it wasn’t as easily replicated in future endeavors. the reason? “I rushed my business instead of taking my time.”
No matter how you choose to pursue your future business investments there is one concept that needs to stay in the forefront of your mind, “It’s easy to doubt yourself if you don’t know what you are doing.” Becker goes on to explain that his path to erasing self-doubt started by simply preparing. Becker says, “I knew what I had to do and which businesses and houses I needed to invest in. I would say that knowing all the verticals in business before diving in because it can get confusing.”