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How to Overcome Your Fear of Starting a Business
You have to be in the right headspace when establishing a business. But you can’t achieve the right mindset if you have so many fears! Here are ways to overcome these fears.
It takes a lot of guts to start a new business. There is a lot of self-doubt and second-guessing when you’re starting a business because you don’t know what to expect. Oh, and yeah, and then there’s that soul-crushing fear of failure that kept creeping at the back of your mind too.
Starting a business, whether for the first time or nth time, is scary because you’re not sure if your hard work will pay off. You’ll pour your heart, soul, and money into it, and you have no idea where the journey will take you. Starting a business is a gamble, basically.
But do not let your fear keep you from taking your business to a different level! Here are ways to overcome the fear of starting a new business:
Find the Root Cause of Your Fears
Don’t ignore whatever fears you have because that’s your intuition giving you a heads up. Fear is a legitimate feeling, and ignoring it might lead you to overlook warning signs that you might not otherwise miss. So acknowledge your fear and find the root cause of it.
If say, you’re fearful of starting a new business because you feel like you haven’t given it a lot of thought, spend time thinking more about your business and check every angle to see if you missed anything. If you’re fearful that your business might not appeal to your customers at all, do your market research and see which people are your ideal client. Try to get to the bottom of your fear, find out why you feel a certain way about it, and face it head-on to create the perfect business plan.
Achieve the Right Mindset
A positive mindset can achieve anything. If you are in the right headspace, you’ll be more confident with your choice to start a business. Don’t depend on others to put you in the right mindset; you have to be your own cheerleader! Be more intentional with your daily thoughts to stay in tune with whatever venture you’d like to build.
If you want to monetize your blog but you’re afraid that no one might read it, change your mindset. Are you giving valuable information to your readers? Are you providing helpful insights that solve people’s problems? Are you blogging about topics that your target audience LOVE to read? If the answer is yes to these questions, then no doubt about it, you can monetize your blog, and people will love your content!
Have a Business Strategy
Think of a strategic plan of action as your roadmap to success. If you don’t have a map, you won’t know where to go! If you are pouring your heart and soul into a project, you have to create a sound business plan to ensure that the venture will be a success.
For instance, say you want to build your own business and say goodbye to your 9 to 5, but you don’t know where to start. What do you do? Begin by acquiring all the information you need. Do your research. Take an online course on business planning and/or management—conduct market research to get to know your ideal client and build your business in steps.
If you have one big goal, break this down into small, practical action steps. Tick each one off your list, and before you know it, the business that you’ve been dreaming of then is your reality right NOW.
Solidify your Support System
Passion will only go so far. If you want your business to last for years to come, you have to build a support group. Your support system isn’t just comprised of your friends and loved ones cheering you on – although that is always amazing to have. Your support group should also include investors, partners, or loyal customers. These people will help fund your dreams and ensure your financial success. So build a community of like-minded individuals. Seek people who are just as passionate about your business as you are, those who are genuinely excited to work with you!
Visualize
What goes around comes around – the energy to give to the universe will go back to you. So claim your (future) success by visualizing it. Close your eyes and picture yourself making it; all your dreams have come true. The business that you wanted is now a successful venture, and you are living the dream. Feel it, smell it, touch it.
Visualize daily to motivate yourself and quiet your fears. Meditate at home for at least 5 minutes every day and practice mindfulness. Fill your head with positive thoughts, be kind to yourself and others. Believe that you can and you will!
There you have it, four tips that will help you overcome your fear of starting a new business. Building a business, no matter how small, has its unique set of challenges. But as long as you have the right mindset and you're not one to quit early in the game, you will find success and achieve your dreams!
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