How Perfectionism Is Holding You Back

Summary

• I've learned that perfectionism can be detrimental to business growth. To scale beyond certain points like 15 million or 30 million a year, letting go of control is crucial.
• Holding on too tightly to every aspect of the business may work initially, but it eventually creates a ceiling that hinders further growth.
• It's important to separate oneself from the business and recognize that they are distinct entities. This separation allows for a healthier perspective and further expansion of the business.
• To move past perfectionism, I had to accept that problems are a natural condition of business and not necessarily indicators of failure.
• I realized that striving for no problems created stagnation. Accepting and addressing issues can be a catalyst for growth.
• An example I faced was the rising cost of Facebook advertising; spending excessively on trying to combat this was ineffective. Accepting some conditions are out of control can help refocus on more impactful areas.
• One belief to overcome is the idea that a business must be perfect to be successful. Embracing imperfection can help a business grow.
• Another old belief I changed: perfection as a CEO is required for respect. I've learned that showing humanity fosters authenticity and better relationships within teams.
• I used to believe that if my business wasn't where I wanted it to be, I wasn't good enough. Now, I understand that unrealistic expectations require adjustment and patience is necessary for long-term success.
• I encourage moving forward by focusing on progress rather than perfection. This involves accepting that perfection is an impossible and unrealistic standard to hold.
• Deciding whether to be patient with your current strategy should be based on evidence and logic, not emotion. If the business plan is well-thought-out and supported by evidence, patience is usually warranted.
• Overall, embracing imperfection, being realistic, and practicing patience are key to moving past limits and achieving sustained business growth.

Video

How To Take Action

I would suggest starting by acknowledging that your business and you are separate. When a problem arises, don't take it as a failure on your part; it's just a business condition. Accepting this can make you more chill and not freak out over every little thing.

Then, you gotta let go of the need to control every bit of your work. You got your company this far with hard work, but to reach the next level, let other people help and don't sweat the small stuff. Trying to be flawless will just slow you down.

A good way to shift your mindset is to rethink what a boss should be like. You don't have to be perfect to earn respect. Be real with your team, and they'll trust you more. Plus, you'll feel less pressure to be perfect, which is actually better for getting more done.

Sometimes you'll think, "If I'm not where I want to be, I'm not trying hard enough." That's not true. Growth takes time. Stick to your game plan and be patient. Even if you're itching to speed things up, acting patient will help more in the long run. Just take a deep breath and trust the journey.

Finally, focus on progress, not perfection. Instead of getting stuck trying to make everything perfect, deal with issues as they come. Remember, every big name out there took time to hit their stride. Give yourself a break and keep moving forward.

Quotes

"Perfectionism ultimately can cost you your business"

– Leila Hormozi
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"If my business is not perfect, it is a business"

– Leila Hormozi
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"Problems in business are normal and to be expected"

– Leila Hormozi
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"There are no perfect conditions or solutions in business"

– Leila Hormozi
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"If you continuously try to attain perfection in your business, you're actually going to prevent your business from growing"

– Leila Hormozi