In order to succeed, you have to think and make decisions beyond your fears; you have to tackle the fear of what you don’t know, make friends with your fear of failure and you have to resist the fear of rejection. When we identify our fears, we can act on them and face whatever is holding us back. Here’s a list of some of the fears that every entrepreneur must face and overcome if they are to succeed.
1. Fear of Failure
First and foremost, you must make friends with the fear of failure. Most entrepreneurs repeatedly fail before they find success, and even those who eventually succeed fail more times than they can count. This means you should look at failure not as a sign that you should quit your business but instead as the first step in a learning process that will eventually lead you to your goal.
You don’t need to be afraid of failure. You will have plenty of time to learn from your mistakes and improve on them as you move forward. Be ready to be wrong and to learn from it.
2. Fear of Lack of Control
Lack of control is an entrepreneur’s biggest fear. This fear is often the undercurrent of all other fears listed here. It is the fear of being out of control that makes every other fear you have more intense and real. This is your biggest obstacle to overcome because it is so deeply rooted.
The fear of losing control, or having it taken away, can paralyze you. When you start to feel this fear, you have to stop and ask yourself what you are really worried about. Usually you have more control and influence than you realize, and it’s up to you to take steps to make your vision a reality.
3. Fear of Success
While every entrepreneur fears failure and lack of control, success can be just as scary. In fact, with my clientele, I find more women are afraid of success than they are of failure. Success, after all, can cause a lot of other fears to surface, such as the fear of what happens next, the fear of losing your freedom, the fear of not being able to follow through on your promises, and the fear of losing your identity or who you are. You can avoid these fears by making sure that you have a plan ready to follow through on any success. After all, success is only the beginning.
Pro tip: Developing a personal success plan is just as beneficial as developing a business plan. My program ‘Profitable By Design’ helps new entrepreneurs execute both a business plan and a personal success plan while launching their business.
4. Fear of Rejection
Failure and success can both cause rejection to rear its ugly head. To succeed, you have to deal with rejection. Rejection is a fear that entrepreneurs have to deal with and overcome. To be rejected is to be deemed unworthy. However, you can overcome this fear by understanding that rejection is not a negative thing.
It’s true that rejection can be a painful experience, but it doesn’t mean that you aren’t good enough. It does, however, mean that you need to step back and reassess your efforts. People may be rejecting your product (or service) for a multitude of reasons. When you can identify those reasons and readjust your strategy, you can catapult yourself into greater successes.
5. Fear of Not Knowing Enough
To grow your business to the next level, you must have a vision for where you want to go. Employees, investors, and even customers will be looking to you to provide this direction. While you may know where you want to go, you may be unsure how to get there. The good news is, you don’t have to fear this. As the leader of your business, you don’t need to be the one to know how… but you do need to surround yourself with people who can support you in getting to your vision.
The fear of not knowing enough can keep you from moving forward, so it is important to examine this fear when you feel it and to set yourself up with the right people around you to keep moving forward when the fear does present itself. Even if you feel that you don’t know enough, set yourself up for success by bringing on the right advisors, hiring the right team and surrounding yourself with experts who can construct the ‘how’.
Every entrepreneur has the same fears. It’s important to keep your fears in perspective and to address them head-on. If you can find solutions to these fears and move past them, you’re one step closer to success.
As an entrepreneur, you need a mentor and a coach who will guide you through all the challenges you’ll face. This is where Bri Seeley – THE Entrepreneur Coach, can help. Being a business owner doesn’t have to be difficult, especially under her guidance and teaching. Contact Bri Seeley today and learn everything you need about entrepreneurship from a business coach for women entrepreneurs.
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