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Common Fears Which Keep People from Starting their Own Business

Common Fears Which Keep People from Starting their Own Business

Aana Nahum468 14-Apr-2020

Starting anything of your own is going to come with a number of challenges. Business is something that scares a lot of people. Throwing away a life of financial and social security in hopes of success is not for everyone.

For people who have never thought about starting a business, doing something like this will be nerve-wracking. It is completely natural to be a little afraid, but it shouldn't be something to stop you from reaching your goals and dreams.

Here are some really common fears that keep people from starting their own business:

1. Fear of the unknown.

Starting something of your own takes guts, and a lot of times, you’re not going to know what’s going to happen in the near or distant future.

So many people have lived their lives being afraid of the unknown. If you want to break free from this fear, you’re going to have to believe in yourself that you have the capacity and capabilities to bounce back from anything life can throw at you.

It is completely natural to be afraid of the unknown, but you need to realize that so many people like you have started their businesses and become hugely successful.

The great thing about not knowing anything is that you have the potential to learn everything. All you need to do is be an expert at your craft. The business side of things can be learned in due time, or you can eventually hire someone to do it for you.

If these successful people can do it, so can you. All you need is a little trust in yourself, and you'll do just fine as a business person.

2. Fear of judgment.

Fear of judgment is real. In most societies around the world, taking the unconventional route or path is frowned upon. It is unfortunate, but it is true.

If you are starting a business, one of the first things that will come to your mind is what would the people you care about and people, in general, would think about my business endeavors.

Humans need to be social to stay healthy, and as such, you can't completely shut yourself away from people. You're going to have to come in contact with people, and some of them won't be too nice.

But you need to realize that these people have a natural tendency to be negative and bring other people down with them. All you need to do is ignore these people outright and continue to work and concentrate on reaching your goals and objectives.

You'll be pleasantly surprised by the people who will come out in support of your future business plans. You should make an effort to keep these people close as they will act as your support system when things get tough, and you start to feel low.

Once you start your business and get some cash flow going, your fear of judgment will automatically be thrown out of the window.

3. Fear of solitude.

Being alone is scary.

In the initial days of starting a business venture, you can start to feel that you are all alone, especially if you don't have any partners or teammates with you.

The thing about working at a regular job is the interaction you have with other people at the workplace. That interaction and connection makes you feel better about yourself and is kind of difficult to replicate for a nascent venture.

You won't be alone. The people who used to care about you genuinely will continue to stick by your side no matter what happens. These people will act as the shining knights in armor that come to support you when things get rough.

As time goes on, your business will (hopefully) grow and expand. More people will join you and your journey to reach your destination, and so within a couple of months and years, you will have developed a community of people who are passionate about your goals as much as you are.

4. Fear of scarcity.

The best thing about working a regular nine to five job is the constant stream of income. You don’t have to worry about a lot of things. All you need to do is time in, do your job, and collect a paycheck at the end of the month.

For a business owner, you’re only going to be making money if you make a sale. If you go on too long without making any big sales, your business will start to sink. Best strategy in start of the business is to mitigate your business costs by utilizing as much free business tools as much you can for instance installing a live chat app for website in your business website to get most out of your visitors on a website. Engaging with visitors is the real key to closing more deals.

In these kinds of cases, it is essential to keep you cool. You should know that there will be tough times ahead, and you will need to prepare for them beforehand.

5. Fear of failure.

The thing with failure is that there is no knowing until you take the leap.

Success and failure are two things that you can either have complete control over or no control at all.

If you want to be a success story, you’ll have to be proactive in identifying any and all risks that might come your way. If you can prepare for all the risks and obstacles in your path, you’ll be able to ensure countermeasures.

Your priority should be to give it your hundred percent. You'll need to be creative and proactive. Even if, after all this, you fail, you can take the experiences you have learned and apply them to your future endeavors.

Second-time entrepreneurs who had a failed business in the past have a slightly higher chance of success than first-time entrepreneurs who have never started a business before.

Conclusion:

Over time, you’ll learn how to conquer your fears. They may seem intimidating at first, but you need to realize that time will teach you all you need to learn to succeed.

Starting a business can be a once in a lifetime opportunity. Most people don't have the confidence it takes to start something of their own, but you can decide not to be one of those people and have a chance at doing something that you are passionate about.

This article is written by Hamzah Adil, is a digital marketer who is passionate about business and entrepreneurship. He is currently working for SwiftChat free live chat app for websites.

Website: https://www.swiftchat.io


I am a digital marketing professional who loves to innovate and implement new ideas in marketing. In my other job I work as a live chat app agent in providing customer support.

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