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Small Business Straight Talk | Productivity, Time Management, Mindset, & Business Strategies

318 | The Hidden Cost Of Perfectionism

Mar 18, 2024
Exploring the hidden costs of perfectionism in business, the podcast discusses different types of perfectionism and how to set guardrails to combat its negative impacts. Strategies for overcoming perfectionist tendencies include setting deadlines, seeking external accountability, and embracing imperfection for growth and success.
40:22

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Quick takeaways

  • Recognize excellence-seeking and failure-avoiding perfectionism to implement guardrails in business.
  • Perfectionism can lead to inefficiencies, missed opportunities, and hindered financial success in small businesses.

Deep dives

Perfectionism in Business and Its Hidden Costs

Perfectionism in business can manifest in various ways, leading to detrimental outcomes such as burnout, stress, and anxiety. Research identifies two distinct types of perfectionism: excellence-seeking, involving high standards for oneself and others, and failure-avoiding, characterized by a fear of not meeting standards. Recognizing these tendencies is crucial to implementing guardrails to mitigate the negative impacts of perfectionism.

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