‘When starting your own business, you must have a large dose of courage and vision’.
As Entrepreneurs, we are recognised with having different characteristics and one of them is daring to take risks. A risk is a conscience fear and alertness which allows us to access our goals unless we let it dominate us which can then lead to procrastination and plans being pushed to one side.
The key is to change the unwanted feelings of fear into strength and direction which will ultimately strengthen the steps in realising your dreams and goals. Consider carefully why you wanted to start your own business. Your motives are unique and something to be proud of.
Top Five Fears in becoming an Entrepreneur
1. Fear of being put down and critiqued from your direct and indirect networks.
A new business will be monitored with suspicion from family, friends and industry colleagues. This can be due to some people being faced with a direct confrontation; a sense of self-limiting beliefs in their own lives; a step they would never dare or can make. These outside influences can have a huge impact on a new business because this sort of pressure can be intense.
2. Fear of irregular income
A fixed salary gives a sense of calm and security. As an Entrepreneur, you have no fixed income and you don’t automatically build a pension which can result in anxious feelings.
3. Fear of the black hole if you fail
For most Entrepreneurs it is a dream ‘to start for themselves’. If the dream has become a reality, fear of the business not becoming successful can then rise; a dream which has long been cherished and where a lot of hard work has been produced.
4. Fear of not being able to maintain an income for the family
For the starting Entrepreneur with a partner and/or family, the starting threshold can be a big step with major financial pressures. The fear of the consequences of a possible failure can have a huge impact on family life.
5. Fear of success!
For many Entrepreneurs, the fear of success is often as big as the fear of failure. For example, with each success that is achieved, the expectation level rises and ‘those who climb high can fall much harder and deeper’.
The core objective and realising dreams begin with determining your fears. The top five pitfalls of fear have just been listed, but there are other fears. These include the lack of knowledge, skills and training, scared to speak in public, not enough contacts in the industry, too nervous to network, self-limiting beliefs…
Become aware of all your fears. It is often possible to trace them back to the point they arose. Replace the fears by setting goals and dreams. Are you afraid you will earn too little? Then determine what would be a realistic monthly turnover and use this amount as a target. This focuses the attention and energy onto the business and creates peace, confidence and ultimately success.
Do’s and Don’ts for achieving your goals
1. make a list of feelings of anxiety
2. replace the fears by objectives
3. visualise your desired goals
4. see the image of success
5. Build to the future in peace, relaxation and confidence
6. Use affirmations to reduce self-limiting beliefs
1. wait in fear at the business threshold
2. lapse in stress
3. hoard money for fear of investment
4. become obsessed with the competition
5. specify to fast
6. dwell in your own fear and uncertainty
Written by Yvonne Bennett
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