financetom
Business
financetom
/
Business
/
Coach-Soch: Is a founder’s quest for perfection overrated?
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Coach-Soch: Is a founder’s quest for perfection overrated?
Apr 30, 2022 5:26 AM

To question, is to think. To think, is to introspect. To introspect, is to seek. To seek, is to be aware. To be aware, is when the journey begins.Chasing perfection - Founders’ angst

Are you a founder or senior member of the founding team?

Are you one of those who are obsessed with perfection?

Are you one of those who wake up with every phone ping in the night to respond to emails?

Are you one of those who fly off the handle at the slightest imperfection at work?

Are you always thinking of work projects, their time schedules, and delivery pressures even when with family?

Well, if the answer is yes to most of those, welcome to the high-pressure life of a Founder.

The good news, from learning from successful ventures, is that you don’t need to be obsessed with being perfect all the time.

Is perfection overrated?

In most startups and new ventures, the founding team members do almost all the jobs. They are probably the first admin team. They even get all necessary approvals and permits for the business. They are the first receptionist, accountant, sales manager, pantry head, and so on.

While these core team members did not join the venture to do these jobs, still did it out of a passion to kick-start that venture. No job was small or mean or beneath their position. And importantly, the venture was bootstrapped and they could not afford to spend additionally to have separate resources for those tasks. In many founders’ journeys, they started as a ‘Team of One’.

Also Read: Coach Soch | Co-founders and their Conflicts

But it is just that such minutest work also becomes an obsession for most founders. They start looking at every error with the same importance. They anticipate that every error could become a disastrous outcome if they don’t personally intervene. That’s when the trouble starts.

Perfection, a problem?

How can perfection or wanting to be perfect be a problem?

It can, because it hinders your ability to delegate and to end up micro-managing. Successful leaders establish boundaries that they offer to their teams, and within those boundaries, they also have tolerable levels of mistakes and errors to be acceptable. If every founder jumped to do every job in the company, the venture simply would stall and fail.

This perfection syndrome is also built by the process of starting up a venture. The founders saw most tasks or almost every task through their method, they knew the outcomes, which formed their opinion on how to do, what to do, when to do it, and what the outcome should be.

And measurement leads to higher expectations in expecting everyone to have gone through a similar learning curve.

Do you use phrases like “it’s ok. Forget it. I will do it myself” or “I don’t have time to show you” or “you will never learn”?

Well, then it’s time to loosen up and unlearn quickly. You are probably on the way to becoming an overbearing perfectionist. You should focus on large impact projects where such perfection is needed.

Room for others and other styles

Simply hire the right people, train them to do the work, show them what excellence – not perfection – looks like, and allow them to work. Allow them the leeway to err.

As a founder, you might shift between perfection and reality-staring-in-your-face. It’s a good battle for you to have, but to win or lose does not matter.

Also Read | Coach Soch: Reverse mentoring and leaders

With peer pressure and even investors’ pressure, many founders feel the need to be better, faster, quicker, more valued, sought-after, leaner, smarter, and all the other superlative adjectives. Perfection comes at a cost - monetary, mental issues, physical stress, anxiety, emotional battles, inter-personal issues at work and home, amongst many others.

Do the trade-off between chasing perfection and embracing reality.

For there is no one right answer. It has to just work for you!.

In the process, don’t lose people, just because you have become overbearing.

– The author, Srinath Sridharan is a Corporate Adviser and Independent Markets Commentator. For other articles in the Coach Soch series, click here.

First Published:Apr 30, 2022 2:26 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
This sustainable jewellery brand is luring some women away from gold
This sustainable jewellery brand is luring some women away from gold
Oct 30, 2023
Aulerth's offerings range from ₹5,000 to as high as ₹2.8 lakh. Are women willing to spend this much on jewellery made from scrap? Founder and CEO Vivek Ramabhadran definitely believes so. Aulerth produces couture-inspired pieces in association with designers like JJ Valaya, Suneet Varma, among others. It has reported 33% repeat customers in the past year and expects a spike to 40% soon.
SJVN secures 200-MW wind power project at ₹3.24 per unit
SJVN secures 200-MW wind power project at ₹3.24 per unit
Nov 16, 2023
Projected to generate 482 million units in its inaugural year post-commissioning, the cumulative energy generation over a 25-year span is anticipated to reach 12,050 million units. Shares of SJVN Ltd ended at ₹75.17, down by ₹0.50, or 0.66%, on the BSE.
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Tata Power Renewable Energy wins 200-MW project in collaboration with SJVN
Nov 28, 2023
The firm and dispatchable renewable energy (FDRE) project, designed with a hybrid of solar, wind, and battery storage, is aimed at providing a stable and dispatchable energy supply during peak hours. Shares of Tata Power Company Ltd ended at ₹270.75, up by ₹12.60, or 4.88%, on the BSE.
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Suzlon's S144–3 MW wind turbines get big boost from Indian government
Nov 15, 2023
Th Suzlon wind turbines received the RLMM (Revised List of Models & Manufacturers) listing from the Ministry of New and Renewable Energy, marking an important milestone for the successful commercialisation of the product. Shares of Suzlon Energy Ltd ended at ₹40.49, up by ₹1.85, or 4.79%, on the BSE.
Copyright 2023-2026 - www.financetom.com All Rights Reserved