012: Why Taking Risks and Having a Vision is Crucial to Growing Your Business

In 2010 Michael Messinger faced an extraordinary challenge; continue his successful career at a large institutional financial firm that paid well, provided fantastic benefits and gave him the flexibility to control his schedule or leave it all behind to start his own firm Redwood Investment Management. Based in Beverly Hills, CA  and working almost exclusively with financial advisors, Redwood now manages over $1.2 billion in assets between their Mutual Funds, SMA and Hedge Fund strategies. Additionally, the firm is creating a lineup of ETFs that will allow them to run their strategies across even more platforms. This amazing growth would not have happened if Michael hadn't been willing to take risks - and if he hadn't been able to build a sustainable, win-win model for himself and his clients. Today, we spoke about how he achieved this, what holds so many businesses back, and why passion is so crucial to success. In this podcast interview, you'll learn: Why Michael walked away from a comfortable and highly lucrative job to build his own firm. How to stop yourself from going off the rails in the face of a challenge—and how boost your productivity in the process! Why Michael doesn't think in terms of numbers when he thinks about growth—and why it's so important to take the emotion out of investing. If you enjoyed this podcast and want to learn more about Redwood Investment Management, click [here].  Complete Show Notes: http://bayntree.com/12