Fear of commitment is fairly common in terms of romantic relationships, and the same concept pretty much exists in the business world. You might have been thinking of starting your business for quite some time now.
You have a solid concept of the product or service you want to sell, you have done your market research…
…and your product has great potential, but you just can’t get yourself to get started.
You know that entrepreneurship is the path you should be taking, but you are afraid. You are scared of not making a profit and ending up losing the money.
You fear any debt involved in taking your business off the ground. But, how do you move past these fears and establish a company of your own?
Below are four steps that will help you get past your fears and move forward to a fruitful entrepreneurial path
Admit and Evaluate Your Negative Emotions
Unless you realize and acknowledge your fear of commitment, you are going to keep giving yourself excuses for why you have not started yet, and you will never find any solution to all those excuses.
Maybe you fear business failure because you are the breadwinner of your family, and if it fails, your family will literally starve.
That’s a reasonable fear. In this scenario, you need to think of other means to survive aside from your business.
Start saving up and have a substantial amount of money to sustain your needs for at least a year without taking a single cent from the business. Separate your personal money from business money, and budget well.
Once you are assured that you have other ways to earn income, you will have more confidence in taking the next steps into entrepreneurship.
Focus on the Positive Outcome
What do you think will happen if you start your business? It’s OK to think you could fail, but remember that you could also succeed. Imagine the possibility of your business’s success.
Visualizing the positives of becoming an entrepreneur will motivate you to make a move.
To be ready for a difficult situation, it’s best to have a contingency plan. That way, you can solve problems easily, and succeed beyond any hardship. And once you know you can get past anything, you’ll have no reason not to start.
You have probably thought of just how better you could run the company you are or used to be working for. By starting your own business, you have control over the direction it can go.
You can implement your ideas and explore your business acumen. Imagine what you could do, how far you could go and the greatness you could accomplish.
Write down everything you would like to do in your current job that you can’t do. Now think of how you will implement those things in your own company and how they will benefit your business.
Working on improvement strategies can inspire you. It will make you feel you can actually make it, and you have the power to do so. And when you get comfortable with leadership, you’ll eventually develop the skill to lead your company to success.
There is a common belief that birds push their young out of the nest to teach them how to fly. Whether true or not, this presents a very important sentiment: learning by experience.
If the baby bird does not take its first flight, it will never learn how to fly. If you are waiting around for confidence to sprout before you start your business, it’s probably not coming.
The ultimate way to get over a fear is to face it. Just start working on your business plan, approach investors, acquire good financing and then implement your ideas. Eventually, you will make your first sale.
Then you would be able to gain more confidence after getting a steady stream of paying customers. Whenever that nagging little inner voice tells you, “You will fail,” you can confidently respond, “I’m doing quite fine so far,” and move on.
Starting a business and committing to it might require you to face struggles However, with persistence and a good strategy, you will get through anything and be able to make your business prosper over time.
You just need to start, and taking the plunge triggers everything.
As an aspiring entrepreneur, you cannot allow fear to control you. You have to realize that you have the responsibility of making your dreams come true. Only you can get yourself past your fears.
Otherwise, your dreams will stay just like that—dreams. If you don’t do anything right now, you will miss the great benefits that come with Running Your Own Business.
Thanks to MOBE for this article and image