Since all entrepreneurs by nature strive to be completely independent, getting a secure job just is not an option. Entrepreneurs have a desire to live life on their terms, and not have their time dictated by anyone or anything outside themselves. Along with this choice comes several fears that must be overcome to achieve the lifestyle that an entrepreneur seeks. I’ve listed 5 deadly fears that all entrepreneurs face. After overcoming these fears, success just becomes a matter of consistently taking action towards building the life of your dreams.
1. Uncertainty / fear of the unknown
All entrepreneurs realise, especially when beginning their entrepreneurial journey, that unlike having a job, their income is solely dependent on their performance. This creates a feeling of uncertainty with regard to when their next payslip will arrive and how big it will be.
It is only when entrepreneurs begin to embrace uncertainty and face this fear head-on, that they can begin to take action – and action is the antidote for fear. The bottom line is that when an entrepreneur can use fear as a catalyst rather than being paralysed like a rabbit in the headlights, forward progress can be made, prospects can be educated, and sales can be closed.
2. Insecurity / self-doubt
Self doubt and the feeling of insecurity is a natural response to any unfamiliar situation. When we allow self-doubt to dominate our psyche, it leads to hesitation, which can lead to complete immobility. Entrepreneurs know that not every decision they make will lead to the desired outcome, however they are willing to take that risk because to them failure isn’t in their vocabulary. Failure is nothing but a chance for learning and growth.
The best way to overcome insecurity and self-doubt is find a mentor that has created the lifestyle that you aspire to. You can go even further to surround yourself with like-minded entrepreneurs that understand these fears, yet boldly move forward.
3. Criticism from others
As far as we can remember, we’ve all be criticised our entire lives – from our parents that wanted to protect us from our own naivete, from the teacher that told us to stop misbehaving in class, to the boss at work that said we screwed something up. We are conditioned to listen to other people when it comes to the decisions that we make. It’s not easy to break free from this, however as an entrepreneur it is absolutely essential to listen to criticisms objectively.
True entrepreneurs know the difference between constructive and destructive criticism. They must be humble enough to take actions on the constructive criticisms that will help them reach their goals and shut out the destructive criticisms that are designed to tear them down.
4. Steep learning curve: Training / education
All entrepreneurs know that in order to take action confidently, they must educate themselves on how to have the correct mindset and how to be the best they can in their chosen field. Investing in their education takes a great deal of time and effort. The good news is that if they’ve chosen a field that they love, it doesn’t seem like too much of a burden. This is why it’s important to choose a path in which we are passionate.
It’s also important to mention that it can be easy to get stuck in education mode and not take any action. The best approach is to implement what is learned on an incremental basis. That way the concepts are solidified through implementation and action.
5. Lack of resources / costs:
It’s always good to remember that where there’s a will, there’s a way. From getting a small business loan, holding a fund-raising event, or just bootstrapping by using low-cost creative techniques to get off the ground. The great thing is that there are many opportunities to create or join a business with very little capital.
It may also comfort you to know that having a limited budget is probably the best thing most start-up entrepreneurs could have. Why, you ask? Because it forces us to be creative and innovate. We’ve all heard the rags to riches stories. If you have any doubt that it’s possible to start from nothing, just search the net. A few of my favourite’s are people like Mike and Lavon Craig, Kevin and Stephanie Merriweather, and Jason O’Toole. Their stories are very inspiring – and just about anyone can relate to them.
By embracing our fears and squaring off with them head-on, we can use them to fulfil our purpose and propel us to the lifestyles of our dreams.
Do you think you have what it takes to overcome these fears? Are you an entrepreneur? If so, please do use the comments section below to share your experiences. We’re looking forward to hearing about your successes!
About the Author: Cezar Garcia is an expert online marketer, trainer, and teacher. Head to http://www.cezargarcia.com to discover the best ways to generate a passive income from home so that you can quit your job, and continue your journey towards entrepreneurship.