Why Insignia CEO Renato Mota was once told to make more mistakes
Nov 20, 2023
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Renato Mota, CEO of Insignia Financial, discusses embracing risk, challenging the status quo, and the importance of allowing the mind to wander. He shares his morning routine, the power of making mistakes, and the negative consequences of remote working on mental health. The podcast also explores the impact of leadership philosophy and generative AI in the financial advice industry. Additionally, it delves into the trade-off between company time and family time for CEOs, emphasizing the significance of people, culture, and relationships.
Embracing risk and being open to failure is crucial for driving innovation and finding new solutions.
A sense of purpose and belief system that goes beyond delivering outcomes is essential for motivating and maximizing the potential of individuals.
Deep dives
The Importance of Embracing Risk for Innovation
Renata Mosha, the outgoing CEO of Insignia Financial, emphasizes the importance of embracing the risk of failure as a key ingredient for innovation. She shares how being challenged to challenge the status quo and come up with new, better ways of doing things has been a pivotal lesson in her own development. Renata believes that taking risks and being open to failure is necessary for finding new solutions and driving innovation.
The Power of Mindset and Physical Exercise
Renata discusses her morning routine, emphasizing the importance of setting her mindset for the day. She starts her day by checking emails and news to understand the landscape and expectations. Renata also goes for a run, finding it helpful to prioritize what matters most and gain clarity. She often has creative problem-solving moments during her run, contributing to innovative thinking. Renata highlights the benefits of balancing physical exercise and mental well-being for overall effectiveness.
The Role of Purpose and Belief Systems in Leadership
Renata shares a pivotal moment in her career when she realized the need for a sense of purpose and connectedness to her work. This led her to leave a job in investment banking and find a role where she could make a deeper impact. She reflects on the importance of having a belief system that goes beyond delivering outcomes, emphasizing the significance of purpose in driving the best out of people. Renata draws inspiration from leaders like Ange Postecoglou, who prioritize their belief systems and create a positive impact beyond just results.
In this week’s episode, Renato Mota, the chief executive of Insignia Financial talks about how embracing risk is needed to challenge the status quo and the importance of allowing the mind to wander.