Overcoming the Fear to Start a Business

There is so much uncertainty, self-doubt, and fear that engulf people once they consider starting up their own business. The emotions are synonymous among entrepreneurs of all facets whether they are experienced or not. It is normal for one to question himself/herself when bringing an idea to life. The pressure to succeed as an entrepreneur does not only come from the investors or employees who heavily rely on you, but also from the inner self that you ultimately want to prove that your idea is worthwhile. Wakefield Research conducted a survey that revealed that a third of the Americans fear to start up their own business than jumping off a plane! About 57 percent of the American residents have had an idea of starting a business and only two out of five executed the business idea. The impact of the self-doubt is a 65 percent drop in business creation from the 1980s, a fact that has affected the economy.

It is, however, possible to overcome the fear and succeed as an entrepreneur. For starters, come up with the mission of the company. This will help you create some small but achievable goals that are aimed at reaching the company’s mission. Always bear in mind that a startup does not need to be perfect. As much as you would possess so much passion in your new business, it is important to note that passion without capital will leave you frustrated. Let your passion be on building your community. Your customers, as well as business partners, should hail from your locality and each will help you achieve your financial success. Once you identify people who appreciate your work, the probability of your support system solidifying is higher.

When starting a business, it is crucial to invest both your energy and time into it, failure to which you will not make it. You, therefore, ought to balance the time you spend with your loved ones and that which you spend at your new business. Once you have a good support system, it becomes easy to handle both the company and the social part of your life. Your partners should be the kind that understand you and your needs. Katie Raquel says that figuring out how to balance family and business is a personal decision and it’s up to an individual to choose what works for them.

Uncertainties will always be there, what is of importance is making your dreams a reality.