The freedom entrepreneurship can provide is priceless. Being able to set your schedule and earn an income based off of the value you provide is appealing. There are many enjoyable parts of an entrepreneur's life, but life isn't a movie, and there are challenges and struggles every entrepreneur will face.
These challenges are especially strong when you're starting a business. Fear kept me stuck in a job i hated because the money was good and pretty much guaranteed. You have to beat these five fears to make that dream a reality. Fear isn't a negative thing if you understand it. Starting or growing a business is a hard enough task on its own. When you add in fear, it can feel impossible. Here are five fears you may need to overcome to build your business.
1. Losing my steady paycheck.
Knowing how much money you have coming in, and having it come steadily, makes you feel secure. The income from a business is sporadic at times if you don't have systems in place. You can become terrified of leaving that consistent check. This idea of making money through business didn't feel safe at first.
You conquer this fear by realizing that there is no such thing as a steady paycheck. Job security is a thing of the past. We see that played out every day. You can create more reliable income in your business with a plan. You should have a plan for promotions and how you will make money each month. You then schedule your content around what you're promoting.
2. What will I do with more free time?
When I chased this dream on the side, I used every minute wisely. I would get home from my job and work for three uninterrupted hours every day. This helped me build my business to profitability in a year. No time was wasted, and the side business grew as a result.
This idea of having all this free time brought on fear. I worried I would watch more movies than work. For the first two months in my business, that was the case. Don't fear having free time, fear not having a plan for that free time. If you set a realistic schedule for yourself, you can be even more productive than when you were in a day job.
3. What will family and friends think?
Our society has been trained to believe in this idea of the "jobs are secure " This dream is that you graduate high school, go to college and get a degree. You can then get a "good job" and buy a house with a white picket fence. While the idea has changed, the overall premise remains strong.
A lot of your family and friends won't understand your desire to be an entrepreneur. The narrative is still in their mind. There's always a fear of what they will say and how they'll react. Realize this is your life and you have to live it how you best see fit. Accept that some people won't get it and that's okay.
4. Past failures.
Failure doesn't have to be something that holds you back, and it's not a fear that should keep you from becoming an entrepreneur. Use any failure as a life lesson to help you avoid the same mistakes. If you have failed at starting or growing a business in the past, dust yourself off and go back to the drawing board.
5. Self-limiting beliefs.
Doubt, fear and listening to people who don't get entrepreneurship will feed into your self-limiting beliefs. These beliefs can amplify your fear and convince you to settle for a life you don't want to live.
When you overcome this fear you will wake up every day knowing you will be spending your time on the things you love.
I don't know what fears will hold you back from achieving success in your business. I only know you can beat them when you get honest about them, and address the reason fear manifested itself. Don't let fear keep you from all the great things you can accomplish in your business.
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SilvanusPosted on: 2020-08-20 08:55:07
Godstine EgerePosted on: 2019-09-23 11:05:56
It was profitable, I love the article, I am just starting up my business all over again , I once failed , gave up and sold the equipment I was using to generate the revenue, So I will have to start over again because I realized I can make a lot of income from it if I can be patient and concentrate more of my energy on it.
AntonyPosted on: 2019-04-05 19:10:58
Thats a great piece of encouragement to us young people trying to get out of this employment we usually complain every day about to venture into entrepreneur ship ..The only Fear we should Fear is the Fear itself.
AdminPosted on: 2019-04-05 19:10:48
Thanks and welcome
Mercy NjeriPosted on: 2019-04-04 15:49:24
marionPosted on: 2019-03-06 10:42:19
Very helpful article!