The Cost of Success | Generations | Ep 05
Building a successful business takes ambition, persistence and a willingness to embrace uncertainty. But how do we measure success when the greatest sacrifices aren't financial?
In Episode 5 of Generations, Peter Leggett speaks with Glenn Preusker, founder of Splashdown, about a remarkable entrepreneurial journey and the lessons that have shaped his understanding of business, family and legacy.
You might recognise Splashdown as the company behind the iconic Australian film Kenny, starring Shane Jacobson as the much-loved portable toilet plumber.
Building Something That Lasts
Glenn's entrepreneurial instincts emerged early. Leaving school at 15 to enter the family plumbing business, he quickly developed an appreciation for hard work, calculated risk-taking and the importance of treating people fairly.
These principles helped shape Splashdown, which grew from a small operation into a business servicing major Australian sporting and entertainment events. Along the way, Glenn's experiences even helped inspire the Australian film Kenny.
The Personal Cost of Success
While proud of what he has built, Glenn reflects candidly on the time spent away from his family.
He acknowledges that the pursuit of financial security often came at the expense of moments with his children that cannot be recovered.
It's a perspective that challenges conventional measures of achievement.
Preparing the Next Generation
With his children now taking leadership roles, Glenn is navigating another significant transition: stepping back.
For him, succession is about more than transferring responsibility. It's about establishing trust, encouraging independence and ensuring the family's values continue to guide the business.
Key Takeaways
Take considered risks: Understand the potential downside before pursuing an opportunity.
Protect what matters: Financial achievement cannot replace time with family.
Plan succession early: Give the next generation experience, independence and room to lead.
Lead with values: Integrity, generosity and kindness create a legacy beyond wealth.
Ultimately, Glenn's message is simple: don't chase the dollar at the expense of a meaningful life. Success is not only about what we build, but also about what we pass on.
General Advice Warning:
Any general advice on this page does not take account of your personal objectives, financial situation and needs, and because of that, you should, before acting on the advice, consider the appropriateness of the advice, having regard to your objectives, financial situation and needs. Information contained on this page was correct at the time of posting.
