Top Fears of Entrepreneurs: How to Overcome Yours Today

Owning your own business; it's exciting to break out on your own, but it can also be scary. But, how stable is having an employer? Is it a sure thing?

Common Fears of Entrepreneur: Strategies for Success

Number One: Fear of Failure.

Failure only comes when you stop trying. Ask yourself, what's the worst thing that can happen? Even if ____ happens, how can you minimize or prepare for a bad result?

PLANNING!

Where do you see yourself in a year? In five years?

Create your plans in the right order:
1st, Your Life Plan!
(For more information visit StartupNation's Life Planning Tutorials.)
Then, a business, marketing, financial, and finally, a disaster recovery plan.

With your plans in place, YOU are in control of your life, and your future. (Note: These are working documents and need revised on a regular basis.)

Number Two: What will I have to give up?

This depends on your priorities. At what level are you willing to play?

If you have a life plan, this will be easy. If you don't, you'll have to make tough decisions over and over.

How serious are you to making your plan work? What will you do when something gets in your way?

Whether it's daily distractions, family or friends that try to discourage you, or giving up things today, for success tomorrow, you will have decisions to make along the way, and may even burn bridges, so decide what's most important to you.

Number Three: Missing out by not implementing all your ideas.

If you're a true entrepreneur, you have many ideas for a business, or things you want to accomplish. But, spreading yourself too thin, trying to do to much, you may end up not being able to do any of them very well.

Here's how to prioritize your ideas.

Determine the following, rate on scale of 1-5 (5 being most,or highest):
a.)How much time it will take to implement the idea?
b.)To what degree is your idea related to your passion?
c.)Will you have a sense of fulfillment or accomplishment from your idea?
d.)will the financial return be worth the effort necessary?
e.)Is your idea time-sensitive?

Rate each area, total each idea's score to get a better look at the value of each idea.

Then stay focused on THAT idea through to completion.

Number Four: Stepping out of your comfort zone.

If something isn't working, or when you're afraid of taking the next step, focus on the benefits. Think of how you'll feel when it's done and remember, it's usually easier than you think.

So get in your car, pick up the phone, write that email, contact that new lead, make that apology, do whatever you have to do to complete that next step, or fix whatever isn't working,.

Now?

Yes, NOW!

You'll be so glad you did!

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