Overcoming Fears and Doubts Before Starting a Business

Feb 10, 2015 by

Starting a business can be a very stressful thing, and if you aren’t mentally prepared for the challenge, you could end up struggling with a number of different issues while you’re trying to start your business. That being said, what are some of the most common fears that those starting their own businesses face? And how can we overcome them?

Let’s take a quick look:

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What Are The Most Common Fears?

Financial Struggle. This is, of course, the most common. We’re scared that the business is going to fail and that we are not going to be able to make it when the business flops.

Failure. Financial struggle and failure are a bit different. You could be doing alright financially, but still feel as if you are failing the idea or the business in other ways. Fear of failure has stopped many potential small business starters.

Perceptions of Others. What are other people going to think of me and the business that I’m running? What if I fail or struggle financially – are people going to judge me and be rude to me as a result of it? Will people think I’m not offering anything new or worthwhile?

What you don’t know. The unknown is always scary. If you don’t know what’s going to happen in the future, you may freeze and not even take the risk.

 

How Can We Overcome Them?

A lot of times, we just need to move forward and go ahead with our dreams and our plans. Yes, the things that we talked about above can be absolutely terrifying, but the first step in overcoming fears is standing up to them. Go into it with someone else, as well – it’s easier to stand with your family and friends than it is to try and do it alone.

Another fear buster is having a good business plan that is full of details. By having a clear path set out ahead of you, it can help relieve the anxieties that come from the unknown. You can’t know every little thing that will happen, but planning ahead can help to quell those anxieties. Things like compensation plans and driver reimbursement programs shouldn’t be fears that stop you from achieving your business goals.

The long and short of it is that it’s time for you to dive in. If you’re looking for help, there are plenty of organizations and mentors that look to help those starting their own businesses. With guidance and planning, you can help fight off those fears.

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