Video: Kevin Scanlon to 40 Under 40 Honorees: 'What Happens Next?'

A luncheon honoring the newest class of 40 Under 40 business and community leaders was held by Arkansas Business Wednesday at the Doubletree Hotel in Little Rock.

"You've done so much at a young age," said luncheon speaker Kevin Scanlon, executive vice president and manager of the Private Client Group at Stephens Inc. and former Arkansas Razorback Southwest Conference champion and All Conference quarterback, who was a member of the first 40 Under 40 class 19 years ago. "I'm humbled by the outstanding group here today."

(Photos: See photos from Wednesday's luncheon on here.)

The honorees -- who include Bishop Woosley of Arkansas Scholarship Lottery, Gretchen Hall of Little Rock Convention and Visitors Bureau and Philip Mann of Arkansas Symphony Orchestra -- were selected from more than 500 new nominations plus dozens of still-eligible nominations from earlier years.

"You have been nominated as a leader," Scanlon said. "My question to you is: What happens next? The word 'potential' is now associated with your name. Is this the ceiling, or the foundation you will build upon?"

Challenges to leadership, Scanlon said, include becoming satisfied, becoming complacent, not understanding the concept of sudden change, and becoming fearful, which manifests as hesitation and procrastination.

"You have to have a plan, and to have a plan, you have to dream," he said. "Establish a pattern of seeking personal growth. Help others -- you have so much to give. And strive to make this a better world. Give back. We need you."

To read profiles and see photos of this year's 40 Under 40 class click here. And to nominate someone for our 20th anniversary 40 Under 40 class in 2013, click here.