121 - The Real Reasons Why FinTechs Have So Many Unfinished Projects and Abandoned Ideas

<p><span style="font-weight: 400;">Most FinTech startups believe that the reason for their many unfinished projects is that they have too many ideas and too little time and resources to get them all done. However, I think this is a huge misconception, and in today’s episode, I explain why!</span></p> <p><span style="font-weight: 400;">If you found value in this episode, I would really appreciate if you could leave a review! My mission is to help and support as many FinTech startups as possible, and when you leave a positive review, more people can find this podcast and help their companies!</span> <span style= "font-weight: 400;">If you are on Apple, just </span><a href= "https://podcasts.apple.com/ch/podcast/compliance-that-makes-sense/id1535160531"><strong>click here to review</strong></a><span style="font-weight: 400;">, select “Ratings and Reviews” and “Write a Review” and tell me what your favorite part of the podcast is. </span></p> <p> </p> <p><strong>Today's episode:</strong></p> <p><span style="font-weight: 400;">[00:50] The belief held by most startups about why they have so many unfinished projects.</span></p> <p><span style="font-weight: 400;">[01:49] Why I believe so many FinTech startups run out of money.</span></p> <p><span style="font-weight: 400;">[02:12] The problem with believing that a lack of resources is why projects are abandoned.</span></p> <p><span style="font-weight: 400;">[03:28] The root causes of many problems in FinTech startups.  </span></p> <p><span style="font-weight: 400;">[04:09] Issues with the way many startups approach hiring new talent.</span></p> <p><span style="font-weight: 400;">[08:07] An analogy that highlights the dangers of abandoned projects. </span></p> <p><span style="font-weight: 400;">[09:38] Analyzing Elon Musk’s first steps as Twitter CEO.</span></p> <p><span style="font-weight: 400;">[11:07] What to do if your company is struggling with a multitude of abandoned projects.</span></p> <p><span style="font-weight: 400;">[12:37] The three key components that enable