“I learned that courage was not the absence of fear, but the triumph over it.” –Nelson Mandela
Thinking about starting your own business? The decision to quit a comfortable job to pursue the road less traveled is one that many people will never make. Why? Perhaps it’s that nagging voice inside each of us saying we can’t do it—that we will fail.
Don’t give up before you even get started! If fear is holding you back from starting a business, punch fear in the face! Here are five common entrepreneurial fears and how to conquer them.
Fear #1: “I’m not ready”
For all you “Type-A-perfectionist” types out there—get ready to have your mind blown. You will never be completely prepared before starting a business. All you need is the confidence to jump in headfirst, and believe that you will find a way to modify and build as you go.
Conquer It: Don’t sweat the small stuff. Focus on completing tasks rather than perfecting them. Pick a date and do what is necessary to launch your business within that timeline.
Fear #2: “I’m going to fail”
Yes, you will. Failure is a part of life—so why not pursue something that brings you passion? Mistakes are inevitable, but great entrepreneurs understand how to use the lessons to help their business grow.
Conquer It: Understanding what fear is and how it works can ultimately help you overcome it. Break up your major business goals into smaller action items that you can accomplish quickly and see a track record of success.
Fear #3: “I’ll have no job security”
News flash – no one on the planet has job security. Your 9-5 counterparts bear the same risk of failure as you. Luckily for entrepreneurs, your potential success lies in your hands rather than someone else’s.
Conquer It: Settling is just as crippling as doing something that is a little scary.
Remember that nothing in life is certain. You’ve made it this far – so have confidence in your ability to stay afloat as you make this new transition. .
Fear #4: “I’m not cut out for this”
The truth is, some people may not be cut out for the lifestyle of an entrepreneur. You have to be comfortable with kissing stability and control goodbye.
Conquer It: Not sure if your cut out to be an entrepreneur? Read up on some common traits and how to develop them. Or take this quiz to see if you’re cut out for the lifestyle. Remember that you are in control of your own destiny, and can grow into the person you want to be.
Fear #5: “I’m afraid of the unknown”
Fear of the unknown results from two common places – a lack of organization and non-existent planning. Focus on what you can control, and forget the rest. Uncertainty is the only certainty in life.
Conquer It: Get organized! Don’t leave your small business dreams to chance. Make a plan and get actively involved in your success. And if your business plan includes multiple backup plans, you’ll ease your fears even more.
Have you successfully conquered your entrepreneurial fears? Have any advice for those trying to do the same? We’d love to hear from you.
About the author:
Lawton Ursrey – Sage One awareness guru and fellow entrepreneur
I have a healthy disrespect for the impossible and a passion for the little details. While I run my own small business, I am also passionate about helping other small business owners. If I’m not running my business, or helping you run yours, then I’m probably playing guitar.
Follow me on Twitter.