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

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! 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! If you are on Apple, just click here to review, select "Ratings and Reviews" and "Write a Review" and tell me what your favorite part of the podcast is.    Today's episode: [00:50] The belief held by most startups about why they have so many unfinished projects. [01:49] Why I believe so many FinTech startups run out of money. [02:12] The problem with believing that a lack of resources is why projects are abandoned. [03:28] The root causes of many problems in FinTech startups.   [04:09] Issues with the way many startups approach hiring new talent. [08:07] An analogy that highlights the dangers of abandoned projects.  [09:38] Analyzing Elon Musk's first steps as Twitter CEO. [11:07] What to do if your company is struggling with a multitude of abandoned projects. [12:37] The three key components that enable progress and growth in FinTech startups. [12:47] Pros and cons of hiring new people.    Show links: Interested in FinTech compliance? - consider investing in the FinTech Compliance Self-Starter Package! I would love to invite you to sign up for my newsletter. If you are interested, please click here.

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