Home | Goldstreet Business
Friday, June 20, 2025
  • Home
  • General News
    • Extractives
    • Auto
  • Business
    • Banking and Finance
    • AgriBusiness
    • Insurance
    • Mining
    • Oil and Gas
    • Real Estate/Housing
  • News
    • Top Stories
    • Agriculture
    • Maritime/Aviation
    • Energy
    • Education
    • Construction
  • Technology
    • ICT
    • Telecom
  • World
    • Africa
    • International
  • Editorial/Features
  • GSB Data Services
No Result
View All Result
  • Home
  • General News
    • Extractives
    • Auto
  • Business
    • Banking and Finance
    • AgriBusiness
    • Insurance
    • Mining
    • Oil and Gas
    • Real Estate/Housing
  • News
    • Top Stories
    • Agriculture
    • Maritime/Aviation
    • Energy
    • Education
    • Construction
  • Technology
    • ICT
    • Telecom
  • World
    • Africa
    • International
  • Editorial/Features
  • GSB Data Services
No Result
View All Result
Gold Business Logo
No Result
View All Result
Home Business Macroeconomic Bulletin

Perfectionism – The Enemy of an Entrepreneur

March 22, 2020
in Macroeconomic Bulletin
0
Gh Remittances Alone ≈ GDP x (Gambia + Seychelles + Tonga)

Maxwell Ampong is the CEO of Maxwell Investments Group, a Trading and Business Solutions provider. He is also the Business Advisor for the General Agricultural Workers’ Union of TUC. Email: maxwell@maxwellinvestmentsgroup.com

Share on FacebookShare on Twitter

I’ve had a slight Symmetry OCD since I was a kid. Obsessions with this OCD include the persistent, mostly irrational need for things to ‘feel’ symmetrical, or be perfectly aligned, or to get to some version of “just right”. Accompanying compulsions include repeated rearranging, evening up, constant realigning and even repeated tapping. It’s not bad in my instance, I just have slight urges every now and then.

What a relief when I later on found out that I am not alone in having obsessions and compulsions like this. I know normal people that have an irrational need to constantly clean everything or, say, make the volume on the TV an even number or a multiple of 3. I’m sure you know someone with an irrational tick as well. Those are all mild OCD’s.

RELATED POSTS

My Dual Journey in Fundraising and Funding

Ghanaian Youth Have a Role in Economic and Political Realms

Perfectionism as an entrepreneur can just as easily evolve into an irrational tick that can have a toll on your efficiency. As an entrepreneur, the last thing you’d want is to have a need to be perfect in a sport where the dynamics are ever-changing. Still, when most entrepreneurs have a picture locked within their heads, it’s hard to get it out. What they however overlook is the negative effects that are associated with being the perfectionist they cling on to being.

Perfectionism is refusal to accept any standard short of your perceived idea of what is perfect.

All successful entrepreneurs share similar values. A good entrepreneur has the ability to accept correction, be a team player, be productive, dream, effect proper time management, and have good networking skills, to mention a few. All these values do not see eye to eye with perfectionism.

Perfectionism is the enemy of correction.

A business entrepreneur must always have a plan. A perfectionist, when presenting his/her business plan, believes that it is the finished work he has done and hence is not likely to consider any input that is going to be given to him/her. A better entrepreneur would see other inputs after sharing said business plan as helpful.

On the other hand, a perfectionist may see the input given as criticism of his/her work. Most perfectionists assume that their standards are the highest standards and hence are not ready to listen to what others have to say. They would always come up with reasons why what you are recommending would not work and for that reason, they stick to what they originally planned on doing, forgoing the opportunities that outside recommendations can bring to the table.

Perfectionism is the enemy of development.

Being obsessed with being right is the main characteristic of a perfectionist. Their standard is the yard stick by which any and every input is measured. In my opinion, perfectionism prevents you the entrepreneur from coming up with a perfect product, by hindering the implementation of helpful input.

The truth is, perfectionists do not usually consider or apply corrections put forth to them. By missing out on chances to better their products and services, a perfectionist gives room for competitors to surpass them. One major setback from being a perfectionist is the fact that it gets difficult for you to learn from others. This therefore reduces the rate at which you develop. Somehow, most people who call themselves perfectionist believe that they have had more experience than many and hence do not believe that anyone has anything new to teach them, forgetting that the world is evolving, and new things come up every day.

Perfectionism is the enemy of team building.

For a business to be said to have grown, the size of workers is one of the measuring tools. This is normally expanded through team building. Perfectionists however have great difficulty in doing this. They do not do it consciously, but they always end up doing it. A perfectionist will rather work alone and get things done according to their standards than to work with others that he/she feels will stifle progress.

When working as a good team, everyone’s input is considered, and everything is built from scratch thinking outside the box. When working with a perfectionist, said person comes to the team with what they expect to be done, and how they expect it to be done. They may come asking for what everyone thinks is the right way to go about things but at the end of the day, what they had in mind is what is going to be used by them. This usually tends to discourage team members from contributing towards work that have been presented before them as they feel they will just be wasting their time. Even when they know easier and shorter ways to get things done, they will rather remain silent.

Perfectionism is the enemy of productivity.

Perfectionism will not enable an entrepreneur to come out with a product until he/she feels the product is perfect, based on their perceived standards. While the perfectionist is in the lab working on their product to get the perfect product, competitors will release his product and allow feedback to make the product better to meet the needs of his/her target market.

Following the latter, it enables the market to decide and partake in the development of a generally accepted product while the perfectionist keeps working on making it perfect by his/her standards. The fact that perfectionists have difficulty in accepting correction also prevents them from seeking feedback from the public as they would see this as a criticism of their product or service.

Perfectionism is the killer of dreams.

When an individual has the dream to start a particular business, it looks easy at the beginning. It could be easier when you seek advice from people who have already been in that industry or mentors. Most individual use the advice they receive from such people to make their business a better one and are ready for further inputs to help them grow.

However, that is not the case for people who practise perfectionism. Due to the fact that they believe and are used to being “right” at all times, they see inputs given them by people in the industry as criticism which do not go too well with them. Most often when perfectionists are faced with challenges, they tend to get frustrated and are most likely to give up on their dreams. If things do not go exactly as they wish it to go, they are likely to drop the dream and console themselves that it was not meant to be.

Perfectionism is the enemy of effective time management.

When you are not focused on getting things done perfectly but having things done properly, you are able to make time for many things. However, when you are focusing on getting something done using perfectionism, you spend all your time on that and in the end, you have many things left undone.

Based on this we can boldly say that perfectionism is the enemy of effective time management. A perfectionist will not move away from what they are working on until they feel they have attained the standard they deem to be perfect. This prevents them from addressing other aspects of their lives and this goes a long way to making perfectionist become workaholics.

Perfectionism is the enemy of good networking.

Perfectionism is said to be the enemy of networking. Networking happens under less tense scenarios and usually outside the work environment. Perfectionists as I mentioned earlier turn to be workaholics. They turn to give up their social lives in an attempt to build the successful business that they envision. This makes whatever you are working on become very stressful and because the entrepreneur does not have time to destress, being a perfectionist has been associated with bringing about illnesses such as anxiety disorder, fatigue and insomnia. Research has also discovered that due to the lifestyle of perfectionists, most of the time they are seen to die earlier as compared to how long they would have lived should they have lived without all the pressures of being a perfectionist.

How does one handle perfectionism?

We should choose attainable targets and not ones that are solely abstract. I am a Ghanaian, so it would be totally unattainable to, say, at this stage and age, aim to be the President of America. That is not to say one shouldn’t dream big. But stories of only one person seeing the way and being the pioneer is the exception to the rule. Ask for help or for what you need. There is nothing different under the sun. As you give up trying to reinvent the wheel, embrace the team mentality as you progress step by step as a unit. It’s less stressful that way anyways.

 

How do you think you can apply what you’ve just read in your current situation? Do you know anyone that’s a perfectionist? How do you think once can better manage the urge to try to be perfect at everything?

Hit me up on social media and let’s keep the conversation going! I read all the feedback you send me on LinkedIn, Twitter, Instagram and Facebook.

facebookShare on Facebook
TwitterTweet
ShareTweetShare

Related Posts

My Dual Journey in Fundraising and Funding

My Dual Journey in Fundraising and Funding

December 11, 2023
Ghanaian Youth Have a Role in Economic and Political Realms

Ghanaian Youth Have a Role in Economic and Political Realms

November 27, 2023
A Credit-risk Approach to Financial Crime Risk: The Future of Correspondent Banking in Ghana

A Credit-risk Approach to Financial Crime Risk: The Future of Correspondent Banking in Ghana

November 20, 2023
The Pen and the Planet: Journalism’s Critical Role in Climate Change

The Pen and the Planet: Journalism’s Critical Role in Climate Change

October 30, 2023
Henley & Partners Passport Index: A Global Businessman’s Best Friend

Henley & Partners Passport Index: A Global Businessman’s Best Friend

August 28, 2023
Next Post
Farming and Agribusiness are back in vogue!

Farming and Agribusiness are back in vogue!

Gh Remittances Alone ≈ GDP x (Gambia + Seychelles + Tonga)

BusinessMacroeconomi BulletinNewsTop Stories Customer Development for start-ups.

Archives

<
June 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • August 2024
  • July 2024
  • June 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
▼
>
MonTueWedThuFriSatSun
      1
2345678
9101112131415
16171819202122
23242526272829
30      
   1234
567891011
12131415161718
19202122232425
262728293031 
       
 123456
78910111213
14151617181920
21222324252627
282930    
       
     12
3456789
10111213141516
17181920212223
24252627282930
31      
     12
3456789
10111213141516
17181920212223
2425262728  
       
  12345
6789101112
13141516171819
20212223242526
2728293031  
       
      1
2345678
9101112131415
16171819202122
23242526272829
3031     
    123
45678910
11121314151617
18192021222324
252627282930 
       
 123456
78910111213
14151617181920
21222324252627
28293031   
       
   1234
567891011
12131415161718
19202122232425
262728293031 
       
1234567
891011121314
15161718192021
22232425262728
293031    
       
     12
3456789
10111213141516
17181920212223
24252627282930
       
    123
45678910
11121314151617
18192021222324
25262728293031
       
   1234
567891011
12131415161718
19202122232425
26272829   
       
1234567
891011121314
15161718192021
22232425262728
293031    
       
    123
45678910
11121314151617
18192021222324
25262728293031
       
  12345
6789101112
13141516171819
20212223242526
27282930   
       
      1
2345678
9101112131415
16171819202122
23242526272829
3031     
    123
45678910
11121314151617
18192021222324
252627282930 
       
 123456
78910111213
14151617181920
21222324252627
28293031   
       
     12
3456789
10111213141516
17181920212223
24252627282930
31      
   1234
567891011
12131415161718
19202122232425
2627282930  
       
1234567
891011121314
15161718192021
22232425262728
293031    
       
     12
3456789
10111213141516
17181920212223
24252627282930
       
  12345
6789101112
13141516171819
20212223242526
2728293031  
       
  12345
6789101112
13141516171819
20212223242526
2728     
       
      1
2345678
9101112131415
16171819202122
23242526272829
3031     
   1234
567891011
12131415161718
19202122232425
262728293031 
       
 123456
78910111213
14151617181920
21222324252627
282930    
       
     12
3456789
10111213141516
17181920212223
24252627282930
31      
   1234
567891011
12131415161718
19202122232425
2627282930  
       
1234567
891011121314
15161718192021
22232425262728
293031    
       
    123
45678910
11121314151617
18192021222324
25262728293031
       
  12345
6789101112
13141516171819
20212223242526
27282930   
       
      1
2345678
9101112131415
16171819202122
23242526272829
3031     
    123
45678910
11121314151617
18192021222324
252627282930 
       
 123456
78910111213
14151617181920
21222324252627
28293031   
       
 123456
78910111213
14151617181920
21222324252627
28      
       
     12
3456789
10111213141516
17181920212223
24252627282930
31      
  12345
6789101112
13141516171819
20212223242526
2728293031  
       
1234567
891011121314
15161718192021
22232425262728
2930     
       
    123
45678910
11121314151617
18192021222324
25262728293031
       
  12345
6789101112
13141516171819
20212223242526
27282930   
       
      1
2345678
9101112131415
16171819202122
23242526272829
3031     
   1234
567891011
12131415161718
19202122232425
262728293031 
       
 123456
78910111213
14151617181920
21222324252627
282930    
       
     12
3456789
10111213141516
17181920212223
24252627282930
31      
   1234
567891011
12131415161718
19202122232425
2627282930  
       
1234567
891011121314
15161718192021
22232425262728
293031    
       
1234567
891011121314
15161718192021
22232425262728
       
       
    123
45678910
11121314151617
18192021222324
25262728293031
       
 123456
78910111213
14151617181920
21222324252627
28293031   
       
      1
2345678
9101112131415
16171819202122
23242526272829
30      
   1234
567891011
12131415161718
19202122232425
262728293031 
       
 123456
78910111213
14151617181920
21222324252627
282930    
       
     12
3456789
10111213141516
17181920212223
24252627282930
31      
  12345
6789101112
13141516171819
20212223242526
2728293031  
       
1234567
891011121314
15161718192021
22232425262728
2930     
       
    123
45678910
11121314151617
18192021222324
25262728293031
       
  12345
6789101112
13141516171819
20212223242526
27282930   
       
      1
2345678
9101112131415
16171819202122
23242526272829
3031     
     12
3456789
10111213141516
17181920212223
242526272829 
       
  12345
6789101112
13141516171819
20212223242526
2728293031  
       
      1
2345678
9101112131415
16171819202122
23242526272829
3031     
    123
45678910
11121314151617
18192021222324
252627282930 
       
 123456
78910111213
14151617181920
21222324252627
28293031   
       
      1
2345678
9101112131415
16171819202122
23242526272829
30      
   1234
567891011
12131415161718
19202122232425
262728293031 
       
1234567
891011121314
15161718192021
22232425262728
293031    
       
     12
3456789
10111213141516
17181920212223
24252627282930
       
  12345
6789101112
13141516171819
20212223242526
2728293031  
       
1234567
891011121314
15161718192021
22232425262728
2930     
       
    123
45678910
11121314151617
18192021222324
25262728293031
       
    123
45678910
11121314151617
18192021222324
25262728   
       
 123456
78910111213
14151617181920
21222324252627
28293031   
       
     12
3456789
10111213141516
17181920212223
24252627282930
31      
   1234
567891011
12131415161718
19202122232425
2627282930  
       
1234567
891011121314
15161718192021
22232425262728
293031    
       
     12
3456789
10111213141516
17181920212223
24252627282930
       
  12345
6789101112
13141516171819
20212223242526
2728293031  
       
      1
2345678
9101112131415
16171819202122
23242526272829
3031     
    123
45678910
11121314151617
18192021222324
252627282930 
       
 123456
78910111213
14151617181920
21222324252627
28293031   
       
      1
2345678
9101112131415
16171819202122
23242526272829
30      
   1234
567891011
12131415161718
19202122232425
262728293031 
       

RECOMMENDED

Nurses and Midwives call off nationwide strike

Nurses and Midwives call off nationwide strike

June 13, 2025
Zoomlion Contract Will Not Be Renewed, Sweepers’ Fees to Increase—President Mahama

Zoomlion Contract Will Not Be Renewed, Sweepers’ Fees to Increase—President Mahama

June 13, 2025

MOST VIEWED

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Energy
  • Health
  • Auto
  • International
  • Subscription Form
  • Staff Webmail
  • About Us
  • Contact Us
Call us: +233 24 432 0902 | info@goldstreetbusiness.com

© Copyright © 2020 goldstreetbusiness.com. All Rights Reserved.

No Result
View All Result
  • Homepages
    • Homepage Layout 1
    • Homepage Layout 2
  • World
  • Business
  • Technology
  • Health

© Copyright © 2020 goldstreetbusiness.com. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.