Jim PenmanCEO, Jim's Group · CEO and Founder of Australia's largest franchise, Jim's Group

No other success can compensate for failure in the home

15 Oct 2026 · 1 min

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In a brief interview, Jim Penman explains the central message of his new book, No Other Success, which asserts that no amount of material achievement can compensate for failure in the home. He emphasizes that personal and family well‑being should never be sacrificed for business success, stating that he, as a father of ten, has always made time for his children and never neglected them. Penman contrasts stories of self‑made multimillionaires with those of entrepreneurs who can watch their children grow up, arguing that the latter brings true happiness. He concludes that even if a child becomes extremely wealthy, a lack of a good family life would render them a failure in his view.

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As you spent so much time building this, how was that impacting your personal life, like family?
My new book's got the title No Other Success, and it's short for the saying, no other success can compensate for failure in the home. And I just believe that. I just don't think success, material sense, is worth neglecting your family. I never have, never, ever, ever had. I love my kids. I'm a father of 10 children. I've never neglected them. I've always had time for them. It's just never been something that I wouldn't do. I just don't think it's worth it. Sometimes, I mean, we have some very exciting stories about people who started from nothing and they're multimillionaires, and that's a great story. But you know the thing that really makes me the happiest is when I hear about people who bought a business and can see their kids grow up. To me, that's a more important, more valuable thing. If I had a kid who'd become super successful, talking about billionaire, whatever, but they didn't have a good family life, I'd say they'd be a failure.