Afraid Of Starting Your Own Business? See How Successful Entrepreneurs Conquered Their Own Fear

Afraid Of Starting Your Own Business? See How Successful Entrepreneurs Conquered Their Own Fear

Picture of Daven Michaels

Daven Michaels

New York Times Bestselling Author, 30-year business veteran, and Executive Chairman of CurrentC Group.

If you experience self-doubt, uncertainty, and fear each time you think of starting your own business, you are not alone. Many people are wearing this shoe with you. Even many of the business leaders you celebrate today experienced fear at one point in the course of their entrepreneurship. The good news is that you can conquer the fear of venturing into your own business.

A Wakefield Research discovered that a significant percentage of Americans would rather take the risk of jumping out of a plane than take a giant step of starting their own business. This is confirmed by the decrease in new business creation (by 60 percent) since the 80s. This overpowering fear is killing ideas and strangling job growth and the economy as a whole.

Here are proven ways that most celebrated business leaders of our time conquered their fear of becoming entrepreneurs;

1: Just Make Sure Your Goals are Attainable

As long as you keep your goals attainable, don’t pay attention to the nagging inner perfectionist. So, what should be your starting point?

First, spell out your business’s overall mission. Then, start building smaller and achievable tasks. This will pave the way to accomplishing your mission. You will discover that your mission becomes less intimidating and increasingly digestible when your goals are smaller and achievable.

Remember, it is natural for most entrepreneurs to be Type-A perfectionists. This is the reason for the warning to pay little attention to that perfectionist in you. Don’t wait for everything to be nearly or completely perfect before test-running versions of your service or product. Go ahead and set up your online storefront (website) and start promoting your business even when it seems no one is paying attention.

2: Start Building Your Desired Community

Don’t delay in spotting your community and building it. Such a community should consist of business partners, investors, passionate customers — just a few groups. Each of these plays important role in aiding your business’ financial success. Identifying and connecting with those who believe in your idea and venture will help solidify your support system in a quick manner.

3: Business First Before Pleasure

What most people do not know is that starting and running your own business is more demanding and tasking than being an employee. Until your business begins to take shape and solidifies, you should forget about pleasure. It doesn’t mean you shouldn’t make out time to relax and get refreshed.

But, you should pay no attention to needless pleasure that will take your focus away from the business you are trying so hard to make successful. Besides, it’s not yet time to start squandering your business income on a needless pleasurable lifestyle.

Finally, once you overcome that fear of stepping out to start your own business, you have won more than half of the battle.

Daven Michaels is a New York Times Best Selling Author and CEO of premiere global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! Inspires entrepreneurs to build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams

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