Many business owners and entrepreneurs in Florida and around the world are perfectionists. This trait is common among ambitious type-A personalities, many of whom lead successful enterprises across many different industries.
However, when it comes to expanding an IT or software company from Florida to Brazil, Mexico, and across Latin America, perfection can actually be the enemy of progress.
At LatamReady, we have witnessed many Florida business leaders fail to take their IT company to the next level because they are waiting until every tiny detail of their plan is perfect. Don’t get us wrong: producing high-quality products, services, and plans is of course important. But when a CEO is hyper-focused on achieving perfection, they end up never taking meaningful action toward achieving their goals.
Do you want to expand your business into new markets? Are you waiting until you have finished perfecting your plans to move forward? Then you will want to read about the 3 ways perfectionism can hinder your dreams and how you can break out of the perfectionist mindset with the help of LatamReady and NetSuite in Latin America.
3 Ways Perfectionism Is Bad for Business
1. Failure to Make Decisions
Many great business ideas never make it to the Latin American market because a CEO or project leader cannot decide when to execute. They are stuck searching for the perfect research or the ideal market conditions to give them the confidence to make their move.
Does this sound like you?
Successful business leaders must develop the ability to make the best decision possible based on the information and tools available to them at the time. Perfectionism often blocks the decision-making process and, as a result, prevents progress.
2. Wasted Time
When perfectionism does not totally block decision-making, it can at least significantly delay action. If you are constantly striving for perfection, you may end up never completing any project because no attempt ever meets your expectations. You always believe that you can do better or be more prepared, which means you delay launching a product or expanding into a new Latin American market. In the end, all the time and money spent developing and redeveloping plans instead of just executing is a big waste of resources and potentially a lost opportunity.
3. Difficulty with Delegation
Many perfectionists also have difficulty delegating tasks to staff or granting responsibility to expert partners. Business leaders that believe they are the best — the ONLY — person to do the job ultimately limit their business growth. Time and attention are the most valuable resources of any CEO or CFO. If these resources are wasted micro-managing projects and plans to perfection, other important opportunities may be missed.
How to Break the Perfectionist Mindset and Take Action
1. Focus on Process Over Final Outcome
So, how you can break the perfectionist mindset and execute your plans to expand to Latin America?
The first tip is to focus on the process over the final outcome. If you put too much emphasis on the final outcome, you will be more likely to imagine the perfect form of it. This is a trap!
Instead, focusing on the steps you can take toward the final outcome will allow you to get more done faster while still remaining effective. Working in phases will develop good habits, which will translate into good results that move you closer to your ultimate goals.
In addition, focusing on phases instead of the final product also will allow plenty of room to adjust and learn as you go.
For Florida software companies expanding to Brazil, Mexico and across Latin America, Oracle NetSuite Cloud ERP is the perfect tool to avoid the trap of perfectionism and make progress. With customizable modules, NetSuite is designed to maximize flexibility and grow alongside your business.
2. Set Deadlines
Nothing encourages perfectionism like movable deadlines. If you set yourself and your team weak deadlines that can always be pushed back, then you will always find reasons to postpone plans while you strive toward perfection.
If you wait too long to expand your company, you will likely lose momentum and become stagnant. Meanwhile, aggressive competitors may fill the void in the market and steal away your opportunity. That is why setting firm deadlines and moving swiftly to meet those deadlines is critical.
3. Surround Yourself with an Action-Oriented Team
There is an old saying, “You are a reflection of the 5 people you spend the most time around.” In the business world, if you are surrounded by a team of perfectionists who are afraid to execute an “imperfect” plan, you will get stuck in that same mindset.
On the other hand, if you surround yourself with proactive problem solvers and doers, you will be more likely to prioritize taking action as well. For Florida CEOs who want to expand their companies to Latin America, partnering with the right ERP implementation team can make all the difference.
As the largest and most experienced team of NetSuite experts in Latin America, LatamReady knows how to swiftly plan and execute NetSuite implementation in the region. We act decisively — without sacrificing quality — so our clients can obtain the foundation they need to grow rapidly and scale revenue in Mexico, Brazil and across Latin America.
How to Take Action with NetSuite in Latin America
For CEOS of software companies in Florida who want to expand to the Latin American region, Oracle NetSuite Cloud ERP is the best solution to achieve their business goals AND overcome the challenges posed by perfectionism.
NetSuite also allows business leaders to make better decisions faster by providing complete visibility and control over key data. All core business processes, from headquarters to the smallest subsidiary, are integrated and centralized in a cloud-based platform accessible from anywhere there is an internet connection.
The primary features of Oracle NetSuite include:
- Business intelligence
- And much more
NetSuite also has the capacity to adjust to the unique needs of any industry. In fact, businesses can fully customize their NetSuite financial modules to adapt as their company grows from a single headquarters to a larger, more complex operation with various subsidiaries in multiple countries. This allows CEOs to focus on working in phases instead of obsessing over and waiting for the perfect final outcome.
LatamReady: Action-Oriented Implementation Partner
To break out of your perfectionist mindset and achieve your business goals in Latin America, choosing an action-oriented implementation partner is critical.
With over 10 years of experience and 100+ NetSuite experts, LatamReady is the biggest and most experienced team of experts for NetSuite in Brazil, Mexico, Colombia, Chile, Peru, Argentina and the entire Latin American region.
We provide a single point of contact and project support in English, Spanish, and Portuguese, and have successfully executed 150+ projects to date. If you are searching for a NetSuite implementation partner in Latin America that is ready to take action, look no further than LatamReady!
Bonus: NetSuite Resources from LatamReady
- LatamDojo – Online NetSuite training courses in English, Spanish and Portuguese.
- NetSuite demos – Detailed demos from our experts provide a step-by-step guide on how to harness the power of NetSuite.
- LatamReady blog: contains the latest news and tips about NetSuite in Latin America.
- LatamReady on YouTube: Subscribe to never miss a new video about Oracle NetSuite in the Latin American region. Watch from anywhere, even on your phone!
- LatamReady on LinkedIn: connect with us on LinkedIn to stay updated on the latest developments and special offers.
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