169 - "We Have To Do Something" Moments Are Dangerous

The world we live in is characterized by unpredictability. Responding to unpredictable situations with "we have to do something" is a trap that can have very negative outcomes so in this episode, I share how you can better prepare for the future without wasting your time and money!  If you found value in this episode, I would really appreciate it 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: [00:37] An overview of today's topic; preparing for the future.  [01:45] The unpredictability of our world.  [03:03] Jeff Bezos' philosophy for long-term planning.  [04:30] A common approach to dealing with projects that aren't meeting one's expectations.  [06:33] Characteristics of compliance officers that will remain relevant in the long term. [07:23] Comparing situations where doing more is appropriate and where it is a very bad idea.   [09:14] Why "we have to do something" has become such a common refrain.  [11:36] The realization about big companies that many start-up founders have had in recent years.  [13:00] The unpredictable actions of financial regulators.   [14:30] Examples of the irrational decisions that are being made across the world.  [17:21] What to do when you are under pressure to take action.  [20:05] The benefits of joining the Compliance Collective.    Show links: Learn to be valued as a FinTech compliance expert - sign up for the Compliance Collective here! 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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