Why I Fired and Rehired Myself as CEO
In his talk on "the yellow circle" at the Singapore FinTech Festival 2024, Madhu shares pivotal moments of self-reinvention throughout his journey as co-founder of M2P Fintech. Highlighting leadership evolution, adaptability, and resilience, he reveals how embracing change allowed him to navigate crises and lead his startup toward sustained growth.
Key Highlights:
1. Recognising the Need for Reinvention
- Adapting to Growth Stages: Different stages of a company's lifecycle require evolving leadership styles and strategies.
- Facing Crises: Challenges like market rejection and revenue collapse can prompt transformative self-reflection.
2. Embracing Change and Learning
- Self-Awareness: Understanding personal and organizational limitations helps identify areas for growth.
- Learning from Peers: Seeking advice from mentors and peers enriches decision-making and broadens perspectives.
3. Building Resilience During Crises
- Focus on Core Strengths: In turbulent times, identifying "green shoots" of potential ensures survival.
- Operational Discipline: Prioritizing cash flow and efficient operations builds a foundation for future stability.
Conclusion:
Madhu reflects on the importance of reinvention, resilience, and adaptability for leaders in the startup ecosystem. By embracing uncertainty and evolving through challenges, founders can redefine their roles to drive sustainable growth. He invites others to share their own reinvention stories and inspire future leaders.
Speakers:
- Madhusudanan R, Co-founder, M2P Fintech